Exchange Rate in Brunei
Brunei - Exchange RateRecent data showed that the economy continued to shrink in annual terms in Q1 as GDP fell 1.4%, matching the previous quarter’s decline. On the production side, a contraction in the oil and gas sector drove the downturn, with oil and gas mining dropping in the quarter, while liquified natural gas manufacturing fell by over 10%. That said, the non-oil and gas sector continued to expand, supported by a notable increase in activity in the primary sector and a rebound in the services sector. On the expenditure side, considerable declines in government spending, fixed investment and exports led the drop, while private spending bucked the trend. Turning to Q2, data on goods exports for April hints at an improving external sector at the beginning of the period amid higher mineral fuel sales. However, a tightening of Covid-19-related restrictions in August could restrain activity somewhat in Q3.
Brunei - Exchange Rate Data
|Exchange Rate (vs USD)||1.53||1.53||1.56||1.59||1.53|
5 years of economic forecasts for more than 30 economic indicators.
Source: Thomson Reuters.
|Exchange Rate||1.34||0.0 %||Jan 01|
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