GDP in Brunei

Brunei GDP | Economic News & Forecasts

Brunei - GDP

The 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

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)-2.1  -2.3  -0.6  -2.5  -     

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

Brunei Facts

ValueChangeDate
Exchange Rate1.360.0 %Jun 20

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