GDP in Brunei

Brunei GDP | Economic News & Forecasts

Brunei - GDP

Economic growth slumped to 2.0% year-on-year in the third quarter, down from the second quarter’s record high of 6.7%. The moderation reflected nosediving fixed investment and a small contraction in exports. However, stronger private consumption outlays and a recovery in government expenditure cushioned the slowdown somewhat. Turning to the final quarter of last year, exports again fell at a sharper pace in October, owing to a considerable drop in manufactured goods and a sizeable contraction in crude materials exports, while imports rose sharply on soaring purchases of mineral fuels in value terms. The trade balance remained in surplus nonetheless, while the steady rise in oil prices in the fourth quarter should have supported the economy in the period.

Brunei - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)-2.3  -0.6  -2.5  1.3  0.1  

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Note: Annual variation of gross domestic product (GDP) in %.
Source: World Bank.

Brunei Facts

Value Change Date
Exchange Rate1.340.0 %Jan 01

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