GDP in Brunei

Brunei GDP | Economic News & Forecasts

Brunei - GDP

After four consecutive years of decline, Brunei’s economy has likely left behind the worst of the recession that stemmed from a negative spiral of falling energy prices, shrinking oil and gas production and fiscal consolidation. Positive data showing an expansion in exports and a resulting wider trade surplus in the first two months of this year suggests that the economic situation could be improving after the contraction gave early signs of abating in the final quarter of 2016 on the back of a recovery in several sectors, such as hotels and finance. In an attempt to diversify the economy and to stimulate private sector activity, the government has embarked on a program of judicial and business regulation reforms.

Brunei - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)3.8  0.9  -2.1  -2.4  -0.4  

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

Brunei Facts

ValueChangeDate
Exchange Rate1.38-0.42 %May 24

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