GDP in Brunei
Brunei - GDPThe economy was likely solid in Q1, as merchandise exports clocked double-digit growth year-on-year in the first quarter, driven mainly by a surge in exports of mineral fuels. This followed Q4’s modest expansion, which was powered by the non-oil and gas sector, while unplanned repair and maintenance work at refineries led to a deterioration in the oil and gas sector. In other news, the Hengyi refinery recently purchased a second batch of crude oil, scheduled to arrive in June, which suggests the refinery may officially come online in July next quarter as previously anticipated. The refinery’s operating capacity is roughly 160,000 barrels per day and should add further impetus to the oil and gas sector this year.
Brunei - GDP Data
|Economic Growth (GDP, annual variation in %)||-2.1||-2.3||-0.6||-2.5||-|
5 years of economic forecasts for more than 30 economic indicators.
Source: World Bank.
|Exchange Rate||1.36||0.0 %||Jun 20|
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