"Brunei is ranked as the richest economy and third biggest spender among the developing Asia Pacific economies, according to a report by the Asian Development Bank.
The Associated Press and Bernama, Malaysian national news agency, quoted a study by the Asian Development Bank saying "Brunei was the richest economy with a per capita GDP of HK$269,971 or BND$49,866.92 (US$34,629.00) (rate as at Dec 10, 2007) which is more than 13 times the regional average which is HK$20,432 (US$ 2,621) and more than 40 times larger than the lowest ranked economy, Nepal the region's poorest.
The study, the 2005 International Comparison Programme Asia and the Pacific: Purchasing Power Parity (PPP) and Real Expenditure, was released hereon Monday. The report showed wide disparities in Asia's living standards.
Coming in second was Singapore with HK$235,923 (US$30,262.29) followed by Macao HK $211,907 (US$ 27,181.82), Hong Kong HK $ 202,941(US$26,031.73) and Taiwan HK$148,275 (US$19,019.80).
Nepal has a per capita GDP of HK$6,146 (US$788.349), Bangladesh HK$7,215 (US$925.483) and Cambodia HK$8,266 (US$1,060.31)."
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A recent report by the ADB. But how true is this? Are we really rich or only certain part of society is very rich?
If one goes to BSB, would you think that the city is rich? Compare to the City of London or Singapore. Does it shows that BSB is a city of wealth? Look at Brunei's infrastructure, is it comparable to world's richest cities?
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