International Reserves in Brunei
According to the latest available data, the economy shrank by 1.6% year on year in Q4, weakening from Q3’s 1.9% expansion. The oil and gas sector weighed on GDP growth, contracting 7.5% yoy in Q4, while the non-energy sector expanded at a robust 4.3%. Meanwhile, declining government consumption and fixed investment, as well as softening exports growth, outweighed stronger private spending growth. In 2023, the oil and gas sector is likely dampening economic growth further: In January, exports of oil and gas fell by 6.8% yoy in value terms (Q4: -0.7% yoy). More positively, softening price pressures in January–March from Q4 will have supported household spending. In other news, Brunei ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on 16 May. It is set to come into force in mid-July, boding well for trade and foreign investment.
Brunei International Reserves Chart
This chart displays International Reserves (USD) for Brunei from 2012 to 2021.
Brunei International Reserves Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| International Reserves (USD bn) | 3.3 | 3.2 | 4.1 | 3.7 | 4.7 |