Current Account in Brunei

Brunei Current Account | Economic News & Forecasts

Brunei - Current Account

Economic growth in Q4 2018 bounced back from two consecutive quarters of year-on-year contractions. The expansion was driven by robust gains in the non-energy sector, as finance activities surged and growth in government services accelerated. In contrast, the energy sector continued to drag on growth as oil and gas mining, and manufacturing of LNG and methanol declined year-on-year. That being said, this was likely due in part to unplanned repair and maintenance restraining production and the energy sector is seen improving going forward. Turning to 2019, data is still limited, although merchandise oil and gas exports jumped in January in annual terms.

Brunei - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)20.9  30.7  16.0  9.6  -     

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Note: Current account balance as % of GDP.
Source: IMF

Brunei Facts

Exchange Rate1.370.0 %May 13

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