Current Account in Brunei
Brunei - Current AccountThe economy had a shaky start to 2019, with total output in annual terms falling in the first quarter. The contraction in Q1 was primarily due to a sharp decrease in exports, which was seemingly due to lower LNG shipments in volume terms. Moreover, imports grew at a double-digit rate in Q1, further taking the wind out of the economy’s sails. On the domestic front, consumption and investment both increased in the first quarter, although investment growth plummeted. Merchandise trade data, meanwhile, points to a more solid second quarter, as the volume of LNG exports bounced back in April with double-digit growth. The volume of crude oil exports also increased robustly.
Brunei - Current Account Data
|Current Account (% of GDP)||20.9||30.7||16.7||12.9||16.4|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.36||0.0 %||Jul 11|
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