Current Account in Brunei

Brunei Current Account | Economic News & Forecasts

Brunei - Current Account

The economy appears to have rebounded in the third quarter from the second quarter’s contraction, mainly due to a recovery in the oil sector. Growth in merchandise exports accelerated notably in Q3, reflecting a rise in oil prices in the July–September period as well as solid shipments of chemical products. Imports were also robust in Q3 as new investment projects propelled imports of machinery and equipment. The sharp correction in oil prices in Q4, however, threatens Brunei’s recovery given that oil represents over 80% of both total exports and government revenues.

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 Rate1.360.0 %Jan 16

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