International Reserves in Brunei

Brunei International Reserves | Economic News & Forecasts

Brunei - International Reserves

The oil-dependent economy will have suffered in the first and second quarter of this year, hammered by plunging oil prices, collapsing demand for energy from abroad and the broader economic fallout from the Covid-19 pandemic. Mineral fuels make up nearly 90% of exports and vanishing demand is projected to have crippled the economy and dried up public revenues. That said, data from January and February—before the coronavirus outbreak—showed exports soared on the back of surging foreign sales of oil, gas and chemicals. Meanwhile, as part of efforts to mitigate the economic and social effects of the pandemic and following an economic stimulus package adopted earlier, in early May the government announced a reduction of annual commercial property tax of up to 50% for business landlords.

Brunei - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)3.2  3.3  3.3  3.2  -     

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Note: International reserves in months of imports.
Source: World Bank and FocusEconomics calculations.

Brunei Facts

Value Change Date
Exchange Rate1.340.0 %Jan 01

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