Top 5 Developing Countries in the World in 2024

2. Brunei Darussalam

GDP per capita: $35,813.10

Brunei is a small nation situated on the island of Borneo, encompassed by Malaysia and the South China Sea. Despite its size, Brunei boasts stunning beaches and biodiverse rainforests, a significant portion of which is safeguarded within reserves.

Brunei’s GDP stands at 15.78 billion US dollars. The real GDP growth rate from the previous year, 2023, is recorded at 3.5 percent. This indicates a positive economic trajectory for the country, reflecting its efforts in various sectors such as oil and gas, tourism, and financial services.