Current Account in Brunei
Brunei - Current AccountThe economy contracted in Q1, marking the third quarterly contraction over the past four quarters. A sharp decline in the oil and gas sector, as falling LNG and natural gas output more than offset higher crude oil production, drove the economy to shrink in the quarter. On the expenditure side, private consumption growth was robust but down slightly from the quarter prior. Meanwhile, government consumption and investment growth slowed sharply in the first quarter. Looking at the second quarter, while data is limited, the external sector appeared to perform well at the outset of the period as merchandise trade data showed higher LNG and crude oil exports in April.
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||1.38||0.0 %||Sep 04|
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