A mosque in Brunei

Brunei International Reserves (USD bn)

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

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