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== Economy == {{Main|Economy of Brunei|Tourism in Brunei}} [[File:SBY dan para pemimpin ASEAN 25-04-2013.jpg|thumb|right|[[BIMP-EAGA]] meeting in the office of Brunei Prime Minister on 25 April 2013. From left: Brunei Sultan Hassanal Bolkiah, Indonesian President [[Susilo Bambang Yudhoyono]], Malaysian Representative and Filipino President [[Benigno Aquino III]]. Brunei is part of the BIMP-EAGA, a subregional economic co-operation initiative in Southeast Asia.]] Brunei has the second-highest [[Human Development Index]] among the [[Southeast Asian]] nations, after [[Singapore]].<ref>{{cite web |title=Human Development Reports |publisher=United Nations |url=http://hdr.undp.org/en/statistics/ |access-date=5 October 2009 |last1=Nations |first1=United |archive-date=12 January 2013 |archive-url=https://web.archive.org/web/20130112042847/http://hdr.undp.org/en/statistics/ |url-status=live }}</ref><ref>{{cite web |url=http://hdr.undp.org/sites/default/files/Country-Profiles/BRN.pdf |archive-url=https://ghostarchive.org/archive/20221009/http://hdr.undp.org/sites/default/files/Country-Profiles/BRN.pdf |archive-date=2022-10-09 |url-status=live |title=Human Development Report 2020: Brunei Darussalam |date=2020 |access-date=10 June 2021}}</ref> [[petroleum|Crude oil]] and natural gas production account for about 90% of its GDP.<ref name="US DOS" /> About {{convert|167000|oilbbl}} of oil are produced every day, making Brunei the fourth-largest producer of oil in Southeast Asia.<ref name="US DOS" /> It also produces approximately {{convert|25.3|e6m3|e6cuft|abbr=off}} of [[liquified natural gas]] per day, making Brunei the ninth-largest gas exporter in the world.<ref name="US DOS" /> ''[[Forbes]]'' also ranks Brunei as the fifth-richest nation out of 182, based on its petroleum and natural gas fields.<ref>{{cite web|url=http://www.thejakartapost.com/news/2012/02/25/forbes-ranks-brunei-fifth-richest-nation.html |title=Forbes ranks Brunei fifth richest nation |date=25 February 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120226155809/https://www.thejakartapost.com/news/2012/02/25/forbes-ranks-brunei-fifth-richest-nation.html |archive-date=26 February 2012 |df=dmy }}</ref> Brunei was ranked 88th in the [[Global Innovation Index]] in 2024.<ref>{{Cite book |author=[[World Intellectual Property Organization]] |year=2024 |title=Global Innovation Index 2024: Unlocking the Promise of Social Entrepreneurship |url=https://www.wipo.int/web-publications/global-innovation-index-2024/en/ |access-date=2024-10-06 |website=www.wipo.int |page=18 |publisher=World Intellectual Property Organization |language=en |doi=10.34667/tind.50062 |isbn=978-92-805-3681-2}}</ref> Substantial income from overseas investment supplements income from domestic production. Most of these investments are made by the Brunei Investment Agency, an arm of the Ministry of Finance.<ref name="US DOS" /> The government provides for all medical services,<ref>{{cite web|last=Brunei Healthcare Info|title=Brunei Healthcare|url=http://www.brunei.alloexpat.com/brunei_information/healthcare_brunei.php|access-date=23 December 2011|url-status=usurped|archive-url=https://web.archive.org/web/20111230130239/http://www.brunei.alloexpat.com/brunei_information/healthcare_brunei.php|archive-date=30 December 2011|df=dmy-all}}</ref> and subsidises rice<ref>{{cite web|last=Bandar Seri Begawan|date=16 May 2008|title=Subsidy on rice, sugar to stay|url=http://bn.china-embassy.org/eng/wlxw/t453608.htm|publisher=Brunei Times via Chinese Embassy|access-date=23 December 2011|archive-date=6 January 2012|archive-url=https://web.archive.org/web/20120106123644/http://bn.china-embassy.org/eng/wlxw/t453608.htm|url-status=live}}</ref> and housing.<ref name="US DOS">{{cite web|title=Background Note: Brunei|url=https://2009-2017.state.gov/r/pa/ei/bgn/2700.htm|publisher=US Department of State|access-date=23 December 2011|archive-date=4 June 2019|archive-url=https://web.archive.org/web/20190604183451/https://2009-2017.state.gov/r/pa/ei/bgn/2700.htm|url-status=live}}</ref> The national [[flag carrier|air carrier]], [[Royal Brunei Airlines]], is trying to develop Brunei as a hub for international travel between Europe and Australia/New Zealand. Central to this strategy is the position that the airline maintains at [[London Heathrow Airport]]. It holds a daily slot at the highly capacity-controlled airport, which it serves from Bandar Seri Begawan via Dubai. The airline also has services to major Asian destinations including Hong Kong, Bangkok, Singapore and Manila. Brunei depends heavily on imports such as agricultural products (e.g. rice, [[convenience food|food products]], livestock, etc.),<ref name="agriculture brunei">{{cite web|title=Department of Agriculture, Brunei Darussalam|url=http://www.agriculture.gov.bn/|access-date=1 April 2012|archive-date=14 April 2012|archive-url=https://web.archive.org/web/20120414124151/http://www.agriculture.gov.bn/|url-status=dead}}</ref> vehicles and [[consumer electronics|electrical products]] from other countries.<ref>{{cite book|title=Brunei Statistical Year Book|year=2010|publisher=Brunei Government|page=5|url=http://www.depd.gov.bn/SI/BDSYB2010/BDSYB%202010.pdf|archive-url=https://web.archive.org/web/20120307205335/http://www.depd.gov.bn/SI/BDSYB2010/BDSYB%202010.pdf|url-status=dead|archive-date=2012-03-07}}</ref> Brunei imports 60% of its food; of that amount, around 75% come from other ASEAN countries.<ref name="agriculture brunei" /> Brunei's leaders are concerned that increasing integration in the world economy will undermine internal [[social cohesion]] and have therefore pursued an isolationist policy. However, it has become a more prominent player by serving as chairman for the 2000 [[Asia-Pacific Economic Cooperation]] (APEC) forum. Brunei's leaders plan to upgrade the [[labour (economics)|labour]] force, reduce unemployment, which was at 6.9% in 2014;<ref>{{cite news|title=Brunei unemployment rate in 2014 at 6.9%|url=http://www.bt.com.bn/business-national/2015/07/01/brunei-unemployment-rate-2014-6-9#sthash.qVecXA2i.dpbs|newspaper=[[The Brunei Times]]|date=1 July 2015|url-status=dead|archive-url=https://web.archive.org/web/20160621115802/http://www.bt.com.bn/business-national/2015/07/01/brunei-unemployment-rate-2014-6-9#sthash.qVecXA2i.dpbs|archive-date=21 June 2016|df=dmy-all}}</ref> strengthen the banking and tourism sectors, and, in general, broaden the economic base.<ref>{{cite web|title=Sultanate Moves to reduce unemployment |url=http://www.brudirect.com/index.php/Local-News/sultanate-moves-to-reduce-unemployment.html |publisher=BruDirect |access-date=20 December 2011 |date=14 December 2011 |url-status=dead |archive-url=https://web.archive.org/web/20120106164539/http://www.brudirect.com/index.php/Local-News/sultanate-moves-to-reduce-unemployment.html |archive-date=6 January 2012 }}</ref> A long-term development plan aims to diversify growth.<ref>{{Citation|chapter=Report by Brunei Darussalam|date=2015-05-21|series=Trade Policy Reviews|pages=81β93|publisher=WTO|doi=10.30875/048d8871-en|isbn=978-92-870-4182-1|title=Trade Policy Review: Brunei Darussalam 2015}}</ref> The government of Brunei has also promoted food self-sufficiency, especially in [[rice]]. Brunei renamed its Brunei Darussalam Rice 1 as Laila Rice during the launch of the "Padi Planting Towards Achieving Self-Sufficiency of Rice Production in Brunei Darussalam" ceremony at the Wasan padi fields in April 2009.<ref>{{cite web|author=Ubaidillah Masli, Goh De No and Faez Hani Brunei-Muapa |url=http://www.bt.com.bn/en/home_news/2009/04/28/laila_rice_to_bruneis_rescue |title='Laila Rice' to Brunei's rescue |publisher=Bt.com.bn |date=28 April 2009 |access-date=30 December 2009 |url-status=dead |archive-url=https://web.archive.org/web/20100116062258/http://www.bt.com.bn/en/home_news/2009/04/28/laila_rice_to_bruneis_rescue |archive-date=16 January 2010 |df=dmy }}</ref> In August 2009, the Royal Family reaped the first few Laila padi stalks, after years of attempts to boost local rice production, a goal first articulated about half a century ago.<ref>{{cite web|author=Ubaidillah Masli, Deno Goh and Faez Hani Brunei-Muapa |url=http://www.bt.com.bn/en/home_news/2009/08/04/hm_inaugurates_laila_harvest |title=HM inaugurates Laila harvest |publisher=Bt.com.bn |date=4 August 2009 |access-date=30 December 2009 |url-status=dead |archive-url=https://web.archive.org/web/20100116141253/http://www.bt.com.bn/en/home_news/2009/08/04/hm_inaugurates_laila_harvest |archive-date=16 January 2010 |df=dmy }}</ref> In July 2009 Brunei launched its national [[halal]] branding scheme, Brunei Halal, with a goal to export to foreign markets.<ref>{{cite news|url=http://www.bt.com.bn/en/local_business/2009/08/01/brunei_pioneers_national_halal_branding |title=Brunei pioneers national halal branding |author=Hadi Dp Mahmud |newspaper=Brunei Times |date=1 August 2009 |access-date=19 September 2011 |url-status=dead |archive-url=https://web.archive.org/web/20090802193012/http://www.bt.com.bn/en/local_business/2009/08/01/brunei_pioneers_national_halal_branding |archive-date=2 August 2009 |df=dmy }}</ref> In 2020, Brunei's electricity production was largely based on fossil fuels; renewable energy accounted for less than 1% of produced electricity in the country.<ref>{{Cite web |title=Brunei Darussalam: How to Build an Investment Climate for Renewable Energy? |url=https://www.researchgate.net/publication/341793594 |access-date=2022-09-09 |archive-date=26 March 2023 |archive-url=https://web.archive.org/web/20230326031248/https://www.researchgate.net/publication/341793594 |url-status=live }}</ref>
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