The Sultanate ranked first globally in cost of redundancy dismissal, second globally in applied tariff rate, third in political and operational stability, fourth in pupil-teacher ratio and in graduates in science and engineering.
This was revealed in the recently-published 2022 Global Innovation Index (GII). Brunei Darussalam was 47th among the 48 high-income group economies.
The Sultanate is in 38th place in global corporate R&D investors, but did not score well in domestic industry diversification, hi-tech manufacturing and infocommunications technology services exports indicators.
Brunei ranked 14th among the 17 economies in the Southeast Asia, East Asia, and Oceania (SEAO) region.
The institutions category is where the Sultanate performed the best, at 23rd place globally.
In benchmarking against other high-income economies, Brunei Darussalam performed above the group average, while in the SEAO region, the Sultanate performed above the regional average.
Meanwhile, Brunei ranked 53rd in human capital and research and 61st in infrastructure. Its weakest performance was in knowledge and technology outputs (127th).
Source: Borneo Bulletin
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October 18, 2022
