is brunei a developed or developing country?
- 8 years agoFavorite Answer
Brunei has a small well-to-do economy that encompasses a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for just over half of GDP and more than 90% of exports. Per capita GDP is among the highest in Asia, and substantial income from overseas investment supplements income from domestic production.
The government provides for all medical services and free education through the university level and subsidizes rice and housing.
A new monetary authority was established in January 2011 with responsibilities that include monetary policy, monitoring of financial institutions, and currency trading activities.
And in this link it is clear the Brunei is a developed country, number 33 out of 187 countries
- RandalLv 78 years ago
a country that is poor and whose citizens are mostly agricultural workers but that wants to become more advanced socially and economically
Oil wealth allows the Brunei Government to provide the population with one of Asia's finest health care systems. Malaria has been eradicated, and cholera is virtually nonexistent. There are five general hospitals--in Bandar Seri Begawan, Tutong, Kuala Belait, Bangar, and Seria--and there are numerous health clinics throughout the country.
Although the country is quite wealthy, the government is trying, with limited success, to diversify its economy beyond 'oil'. Thus, I believe it could be classified as a 'developing' country.
I hope this is helpful.Source(s): http://dictionary.reference.com/browse/developing%... http://www.state.gov/r/pa/ei/bgn/2700.htm
- KiloEchoLv 48 years ago
Brunei is a developing country although it is rich. It is a monarchy
- M.j LimLv 78 years ago
They are an extremely rich nation. They preferred to be known as developing country.