GDP in Brunei

Brunei GDP | Economic News & Forecasts

Brunei - GDP

The improvement of the external sector in the first quarter of 2017, which came on the back of higher oil and gas exports, suggests that the recession, which has buffeted the country in the last few years, may be finally receding. In 2016, GDP declined further and the current account surplus narrowed as oil and gas production was disrupted by unscheduled shutdowns and falling energy prices, and the government reacted to plummeting revenues by cutting spending. To restart growth, the government has embarked on an ambitious reform program aimed at diversifying the economy, attracting FDI and improving the business environment, while at the same time attempting to reduce the fiscal deficit.

Brunei - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)3.8  0.9  -2.1  -2.4  -0.6  

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Note: Annual variation of gross domestic product (GDP) in %.
Source: World Bank.

Brunei Facts

ValueChangeDate
Exchange Rate1.36-0.38 %Jul 26

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