GDP Growth Rate in 2017 was 1.33%, representing a change of 176,743,333 US$ over … A sharp drop in global oil prices, a collapse in global oil demand and preventive measures to stem the spread of the coronavirus will weigh on economic growth. The statistic shows gross domestic product (GDP) in Brunei Darussalam from 1985 to 2019, with projections up until 2021. Gross domestic product (GDP… Looking ahead, Brunei’s Real GDP Growth is projected to stand at 3.541 % in Dec 2021. The Asian Development Bank (ADB) has forecast the highest 2020 GDP growth rate in Southeast Asia for Vietnam at 4.1 percent. NOTE: 1) The information regarding Brunei on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. GDP Annual Growth Rate in Brunei averaged 0.40 percent from 2004 until 2019, reaching an all time high of 7.10 percent in the fourth quarter of 2019 and a record low of -8.10 percent in the fourth quarter of 2013.
A sharp drop in global oil prices, a collapse in global oil demand and preventive measures to stem the spread of the coronavirus will weigh on economic growth. The Gross Domestic Product (GDP) in Brunei expanded 7.1 % YoY in Dec 2019, following a growth of 2.1 % in the previous quarter. The regional bank has placed Myanmar in second place with an estimated growth rate of 1.8 percent while Brunei in … Downside risks to the outlook from low commodity prices remain high. Brunei’s Real GDP Growth is forecasted to be 1.297 % in Dec 2020 as reported by World Economic Outlook. GDP - real growth rate: 1.3% (2017 est.)
No political reforms are expected in the next two years, with the sultan remaining Brunei's absolute ruler. The GDP value of Brunei represents 0.01 percent of the world economy.
No claims are made regarding the accuracy of Brunei Economy 2020 information contained here.
Brunei’s economy has recorded the largest quarterly improvement by percentage since 2016’s recession with 6.7% growth from April to June (Q2) 2019 on the back off increased crude oil and gas production.
No political reforms are expected in the next two years, with the sultan remaining Brunei's absolute ruler. In its earlier forecast in October last year, IMF said […] Azlan Othman Brunei Darussalam’s gross domestic product (GDP) growth is projected to be 1.3 per cent this year and 3.5 per cent next year, the International Monetary Fund (IMF) highlighted last Tuesday, in its first World Economic Outlook report since the pandemic shut major economies.
In its earlier forecast in October last year, IMF said […]
Brunei Economic Growth The economy is seen slowing down this year due to Covid-19 battering domestic and external demand.