GDP in Brunei
Brunei - GDP (billions of U.S. Dollars)Economic growth gathered pace in Q2, despite the constraining effects of the pandemic. A sizable acceleration in household spending, a much softer contraction in government consumption, and resilient export growth more than offset a sharper downturn in investment activity. Soaring output at the Hengyi Industries’ oil refinery and petrochemical plant also supported growth in Q2. However, activity likely lost some steam in Q3. Merchandise exports contracted in annual terms in July, mainly on the back of plunging foreign sales of crude oil and LNG. That said, imports surged in the same month, pointing to resilient domestic demand, and the positive health situation bodes well for activity ahead. On the political front, the ministry of finance is reportedly preparing an economic blueprint focused on strengthening the private sector, which should improve the business climate in coming years.
Brunei - GDP (USD bn) Data
|GDP (USD bn)||12.9||11.4||12.1||13.6||13.5|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.34||0.0 %||Jan 01|
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