Brunei

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Brunei , officially the Nation of Brunei, the Abode of Peace ,

is a sovereign state located on the north coast of the island of Borneo, in Southeast Asia. In addition to its coastline with the South China Sea, the country is completely surrounded by the state of Sarawak, Malaysia. It is divided into two parts by the Sarawak district of Limbang. Brunei is the only sovereign state completely on the island of Borneo; the rest of the island's territory is divided between the nations of Malaysia and Indonesia. The population of Brunei was 408,786 in July 2012.

At the height of the Bruneian Empire, Sultan Bolkiah (who ruled between 1485 and 1528) controlled most parts of Borneo, including the current Sarawak and Sabah and the Sulu Archipelago,
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The economic growth of the 1990s and 2000s, with a GDP increase of 56 per cent between 1999 and 2008, turned Brunei into an industrialized country. He has developed the wealth of vast fields of oil and natural gas. Brunei has the second highest human development index among Southeast Asian countries, after Singapore, and is classified as a "developed country". According to the International Monetary Fund (IMF), Brunei ranks fifth in the world in gross domestic product per capita in purchasing power parity. The IMF calculated in 2011 that Brunei was one of two countries (the other was Libya) with a public debt of 0% of national GDP. Forbes also ranks Brunei as the richest fifth nation in 182, based on its oil and gas…show more content…
The production of crude oil and natural gas accounts for about 90% of GDP. Some 167,000 barrels (26,600 m3) of oil are produced each day, making Brunei the fourth largest oil producer in Southeast Asia. It also produces about 25.3 million cubic meters of natural gas per day, making Brunei the ninth largest exporter of natural gas in the world.

Substantial income from foreign investment complements domestic production revenues. Most of these investments are made by the Brunei Investment Agency, a branch of the Ministry of Finance. The government provides all medical services and subsidizes rice and housing.

The national airline, Royal Brunei Airlines, is trying to make Brunei a modest international travel hub between Europe and Australia / New Zealand. The airline's position at London Heathrow Airport is at the heart of this strategy. It has a daily place at the airport which is heavily controlled by capacity, serving the Bandar Seri Begawan via Dubai. The airline also serves major Asian destinations including Shanghai, Bangkok, Singapore and Manila.

Brunei relies heavily on imports, such as agricultural products (rice, food, livestock, etc.), automobiles and electrical products from other countries. Brunei imports 60% of its food needs; of this amount, about 75% comes from ASEAN
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