GDP in Brunei
Brunei - GDPThe 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
|Economic Growth (GDP, annual variation in %)||3.8||0.9||-2.1||-2.4||-0.6|
5 years of economic forecasts for more than 30 economic indicators.
Source: World Bank.
|Exchange Rate||1.36||-0.38 %||Jul 26|
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