GDP in Brunei
Brunei - GDPIn early March, the government presented the budget for the 2016-2017 financial year, the main goals of which are to keep public finances under control and to diversify the economy away from its dependence on hydrocarbons. To this end, the budget provides for a spending cut of more than 5%, which should cause the fiscal deficit to narrow. The reduced resources are mainly focused on expanding the production base—by sustaining the non-oil private sector, especially the SMEs—and on streamlining business regulations. Last year, Brunei had to cope with an environment of prolonged low oil prices, which led GDP to fall significantly in the second and third quarters and exports to plummet by more than 20% in 2016 as a whole.
Brunei - GDP Data
|Economic Growth (GDP, annual variation in %)||3.7||0.9||-2.1||-2.3||-|
5 years of economic forecasts for more than 30 economic indicators.
Source: World Bank.
|Exchange Rate||1.39||-0.38 %||Mar 27|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.