International Reserves in Brunei
Brunei - International ReservesThe 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 - International Reserves Data
|International Reserves (USD)||3.2||3.3||3.3||3.2||-|
5 years of economic forecasts for more than 30 economic indicators.
Source: World Bank and FocusEconomics calculations.
|Exchange Rate||1.34||0.0 %||Jan 01|
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