GDP in Brunei
Brunei - GDPRecent government data shows that the economy hit its stride in the fourth quarter of 2017, recording 5.2% year-on-year growth. This marked a sharp acceleration from Q3’s measly expansion. Growth in the fourth quarter was underpinned by a booming hydrocarbon sector, on a surge in LNG and methanol production, and higher oil prices. However, growth in the non-oil and gas sector was almost flat, despite government diversification efforts. The continued rise in oil prices so far this year, coupled with constrained public spending as set out in the FY 2018–2019 budget, should help narrow the gaping budget deficit.
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||1.34||0.0 %||Jun 14|
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