Brunei's economy shrank 2.8 percent year-on-year in the three months to June of 2018, compared to an upwardly revised 2.6 percent growth in the previous period and marking the first contraction since the first quarter 2017. Net exports contributed negatively to GDP growth as exports declined by 0.7 percent (vs 7.0 percent in Q1), while imports jumped 21.4 percent (vs 5.5 percent). In addition, government spending contracted 5.1 percent, after a 1.3 percent rise in the March quarter. Meanwhile, private consumption grew 4.6 percent, following a 0.2 percent growth previously. Also, fixed investment grew faster (23.2 percent vs 21 percent). On a quarterly basis, the economy contracted 8.8 percent in the June quarter, following a 0.1 percent growth in the first quarter. GDP Annual Growth Rate in Brunei averaged 0.13 percent from 2004 until 2018, reaching an all time high of 6.60 percent in the second quarter of 2010 and a record low of -8.10 percent in the fourth quarter of 2013.

GDP Annual Growth Rate in Brunei is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Brunei to stand at 3.90 in 12 months time. In the long-term, the Brunei GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.

Brunei GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-30 01:30 AM GDP Growth Rate YoY 5.2% 1.3% 0.90%
2018-07-31 01:50 AM GDP Growth Rate YoY 2.5% 5.2% 2.9%
2018-11-06 04:00 AM GDP Growth Rate YoY -2.8% 2.6% 2.2%
2019-01-29 11:20 AM GDP Growth Rate YoY -2.8% 2.6%


Brunei GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -2.80 2.60 6.60 -8.10 percent [+]
GDP 12.13 11.40 19.05 0.11 USD Billion [+]
GDP per capita 31439.92 31431.00 66001.60 31431.00 USD [+]
GDP per capita PPP 71809.30 71788.80 86423.30 71788.80 USD [+]
Gross Fixed Capital Formation 1433.20 1367.40 2476.50 1080.60 BND Million [+]
GDP Constant Prices 4326.90 4743.50 5078.00 4326.90 BND Million [+]
GDP From Agriculture 35.70 38.10 42.00 34.30 BND Million [+]
GDP From Construction 123.00 96.20 175.10 77.30 BND Million [+]
GDP From Manufacturing 653.40 804.00 804.00 595.40 BND Million [+]
GDP From Mining 1866.50 2072.30 2400.50 1866.50 BND Million [+]
GDP From Public Administration 502.60 507.30 641.00 471.40 BND Million [+]
GDP From Services 1626.90 1744.20 1830.10 1626.90 BND Million [+]
GDP From Transport 141.20 60.30 314.70 55.50 BND Million [+]
GDP From Utilities 51.20 35.40 51.20 34.40 BND Million [+]


Brunei GDP Annual Growth Rate

Brunei is the fourth-largest oil producer in Southeast Asia. Oil accounts for around 62 percent of GDP and is the source of 90 percent of government revenues. Yet, in recent years, oil production has declined and, as a result, growth has slowed down. In order to strengthen Brunei’s long-term prospects, the government has been trying to diversify the economy by using oil revenues to invest in non-oil industries like Islamic banking and by attracting foreign direct investments. Focus on eco-tourism has also been high, given that 70 percent of the country’ is covered by tropical forest. This page provides - Brunei GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brunei GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 2.60 6.60 -8.10 2004 - 2018 percent Quarterly




Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Turkey 5.20 Jun/18
Indonesia 5.17 Sep/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
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Mexico 2.60 Sep/18
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Spain 2.50 Sep/18
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Euro Area 1.70 Sep/18
Saudi Arabia 1.61 Jun/18
France 1.50 Sep/18
United Kingdom 1.50 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
Brazil 1.00 Jun/18
Italy 0.80 Sep/18
South Africa 0.40 Jun/18
Japan 0.30 Sep/18
Argentina -4.20 Jun/18


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