GDP in Brunei
Brunei - GDPThe economy seems to have turned a corner following four consecutive years of recession, which came on the back of falling oil prices and drastic public spending cuts. Available data highlights a sustained recovery in the external sector in the period from January to June of this year, driven by rising exports of crude oil and liquefied natural gas. The slight recovery in energy prices has benefited the hydrocarbon-dependent economy, and the reform plan adopted by the government to diversify the economy and foster the expansion of the underdeveloped private sector is also supporting growth. However, the magnitude of the reforms’ economic effects remains to be seen.
Brunei - GDP Data
|Economic Growth (GDP, annual variation in %)||0.9||-2.1||-2.4||-0.6||-2.5|
5 years of economic forecasts for more than 30 economic indicators.
Source: World Bank.
|Exchange Rate||1.35||0.08 %||Sep 21|
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