GDP in Brunei
Brunei - GDPThe economy is likely benefitting from the upswing in oil prices, which are up substantially year-on-year. In the first quarter, the external sector performed well according to government figures, with the trade surplus increasing significantly in annual terms on higher exports of mineral fuels, despite a surge in manufactured goods imports. In March, crude oil and liquefied natural gas (LNG) exports saw double-digit increases. This comes after economic growth surprised on the upside in Q4 of last year thanks to higher LNG and methanol production. However, the non-hydrocarbon sector was almost flat, despite government diversification efforts.
Brunei - GDP Data
|Economic Growth (GDP, annual variation in %)||-2.1||-2.3||-0.6||-2.5||-|
5 years of economic forecasts for more than 30 economic indicators.
Source: World Bank.
|Exchange Rate||1.36||0.0 %||Aug 07|
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