GDP in Brunei

Brunei GDP | Economic News & Forecasts

Brunei - GDP

The 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

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)0.9  -2.1  -2.4  -0.6  -2.5  

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

Brunei Facts

ValueChangeDate
Exchange Rate1.350.08 %Sep 21

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