GDP in Brunei
Brunei - GDPBrunei’s economy remained weak in 2016, dragged down by the challenging conditions in the energy markets. The country entered into its second consecutive quarter of contraction in Q3, as GDP declined 3.8% annually, a softer drop than Q2’s sharp 5.7% fall. Economic activity suffered from both low oil prices and a fall in oil and gas production, due to planned as well as unplanned plant shutdowns. A breakdown by components shows that both private consumption and total investment contracted at a sharper pace than in Q2, with the latter plummeting by more than a third. The economic weakness seems to have carried over into the fourth quarter, as exports continued to fall in October.
Brunei - GDP Data
|Economic Growth (GDP, annual variation in %)||3.7||0.9||-2.1||-2.3||-|
Note: Annual variation of gross domestic product (GDP) in %.
5 years of economic forecasts for more than 30 economic indicators.
Source: World Bank.
|Exchange Rate||1.42||-0.15 %||Feb 16|
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