Brunei recorded a Current Account surplus of 1 percent of the country's Gross Domestic Product in 2020. source: Department of Economic Planning and Development, Brunei

Current Account to GDP in Brunei averaged 36.52 percent from 1985 until 2020, reaching an all time high of 76 percent in 1988 and a record low of 1 percent in 2020. This page provides - Brunei Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brunei Current Account to GDP - values, historical data and charts - was last updated on October of 2021.

Current Account to GDP in Brunei is expected to reach 2.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brunei Current Account to GDP is projected to trend around 3.50 percent of GDP in 2022, according to our econometric models.

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Brunei Current Account to GDP

Brunei Last Unit Reference Previous Highest Lowest
Balance of Trade 361.10 BND Million Jul/21 -513.50 2971.45 -513.50
Current Account to GDP 1.00 percent of GDP Dec/20 6.60 76.00 1.00
Current Account 1214.40 BND Million Dec/19 1254.90 2968.50 835.20
Exports 1433.60 Million BND Jul/21 1320.70 4137.32 491.10
Imports 1072.50 Million BND Jul/21 1834.20 1834.20 205.70
Tourist Arrivals 62325.00 Dec/20 333244.00 333244.00 62325.00
Foreign Direct Investment 796.70 BND Million Dec/20 511.00 1080.80 -206.70

Brunei Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.