Brunei's economy advanced 1.0% year-on-year in Q4 2018, after a downwardly revised 1.1% contraction in Q3 and reaching the first yearly expansion in three quarters. Both household consumption (6.7% vs -1.8%) and government spending (7.2% vs -0.1%) rebounded sharply, and fixed investment growth accelerated strongly (45.4% vs 24.2%). Meanwhile, net exports contributed negatively to the GDP growth, as exports grew 15.1% (vs 0.6% in Q3) while imports jumped 45.7% (vs 36.8%). On the expenditure side, the service sector rose far stronger (6.4% vs 0.7% in Q3), supported by wholesale and retail trade (5.2%) and air transport (5.6%). Also, the agriculture, forestry and fishing rose 0.4%, the second straight quarter of increase. In contrast, the industry sector fell (-2.3% vs -2.2%), mainly attributed to the manufacture of LNG and methanol which continued to slip (-6.3%). On a quarterly basis, the economy grew 6 percent in Q4, following a 4.1 percent growth in Q3. GDP Annual Growth Rate in Brunei averaged 0.17 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 1.40 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 1.10 in 12 months time. In the long-term, the Brunei GDP Annual Growth Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

Brunei GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-31 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%
2019-01-24 10:00 AM GDP Growth Rate YoY -1.2% -2.8% 2.5%
2019-04-11 12:30 AM GDP Growth Rate YoY 1.0% -1.1% 0.3%
2019-07-31 01:50 AM GDP Growth Rate YoY 1.0% 1.1%
2019-11-06 04:00 AM GDP Growth Rate YoY 1.4%


Brunei GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.00 -1.10 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 1990.80 2574.80 2574.80 1080.60 BND Million [+]
GDP Constant Prices 4783.30 4514.30 5078.00 4336.90 BND Million [+]
GDP From Agriculture 34.60 40.70 42.00 34.30 BND Million [+]
GDP From Construction 105.20 167.80 175.10 77.30 BND Million [+]
GDP From Manufacturing 665.10 614.70 804.00 595.40 BND Million [+]
GDP From Mining 2032.90 1978.30 2400.50 1868.50 BND Million [+]
GDP From Public Administration 635.30 515.00 641.00 471.40 BND Million [+]
GDP From Services 1923.60 1701.00 1923.60 1636.70 BND Million [+]
GDP From Transport 116.80 96.50 314.70 55.50 BND Million [+]
GDP From Utilities 52.80 45.50 52.80 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 -1.10 6.60 -8.10 2004 - 2018 percent Quarterly




Country Last Previous
China 6.40 Mar/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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