GDP in Brunei

Brunei GDP | Economic News & Forecasts

Brunei - GDP

Brunei’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

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)3.7  0.9  -2.1  -2.3  -     

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

Brunei Facts

Exchange Rate1.42-0.15 %Feb 16

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