GDP in Brunei

Brunei GDP | Economic News & Forecasts

Brunei - GDP

The 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

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)-2.1  -2.3  -0.6  -2.5  -     

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Note: Annual variation of gross domestic product (GDP) in %.
Source: World Bank.

Brunei Facts

Exchange Rate1.360.0 %Aug 07

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