GDP in Brunei

Brunei GDP (USD bn) | Economic News & Forecasts

Brunei - GDP (billions of U.S. Dollars)

The economy shrank 2.1% in annual terms in Q2, following a softer 0.8% contraction in the first quarter. The downturn came on the back of a marked drop in the hydrocarbon sector, as crude oil production fell compared to Q2 2020 due to a planned refinery shutdown for maintenance purposes. On the expenditure side, a downbeat external sector amid lower hydrocarbon exports was behind the reading. Moving to the third quarter, activity was likely weighed down by rising Covid-19 infections prompting tighter containment measures, which were recently extended to end-October. Meanwhile, in mid-September an IMF mission encouraged Brunei to diversify its economy along the lines set out in the economic blueprint approved earlier this year, while the country recently ratified the Regional Comprehensive Economic Partnership (RCEP) agreement, boding well for trade ahead.

Brunei - GDP (USD bn) Data

2015   2016   2017   2018   2019  
GDP (USD bn)12.9  11.4  12.1  13.6  13.5  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Brunei Facts

Value Change Date
Exchange Rate1.340.0 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a 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.

Sign Up

Economic News

Search form