Brunei GDP Annual Growth Rate  2004-2016 | Data | Chart | Calendar

Brunei's economy advanced 3.6 percent year-on-year in three months to March of 2016, following an upwardly revised 0.1 percent growth in the previous period. The expansion was mainly driven by a rebound in oil and gas production (+7.6 percent from -0.2 percent in Q4). In contrast, non-oil and gas output shrank (-1.9 percent from +0.6 percent), due to contraction in agriculture, forestry and fishery (-15.1 percent from 2.5 percent in Q4) and services (-0.7 percent from +1.1 percent in Q4). Quarter-on-quarter, the GDP expanded 0.3 percent. GDP Annual Growth Rate in Brunei averaged 0.31 percent from 2004 until 2015, reaching an all time high of 6.60 percent in the second quarter of 2010 and a record low of -6.60 percent in the first quarter of 2015. GDP Annual Growth Rate in Brunei is reported by the Department of Economic Planning and Development, Brunei.

Brunei GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.60 -0.50 6.60 -8.10 2004 - 2016 percent Quarterly
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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-30 09:00 AM Q4 -0.5% 2.4% 0.9%
2016-06-30 08:00 AM Q1 3.6% 0.1% -4.6%
2016-09-29 08:00 AM Q2 3.6% 1.6%
2016-12-29 08:00 AM Q3

Brunei GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.60 -0.50 6.60 -8.10 percent [+]
GDP 15.49 17.10 17.10 0.11 USD Billion [+]
GDP per capita 29138.47 29691.40 59842.49 29138.47 USD [+]
GDP per capita PPP 66647.20 67911.90 78676.70 66647.20 USD [+]
Gdp Constant Prices 4689.70 4673.60 5078.00 4528.81 BND Million [+]
GDP From Agriculture 34.60 36.30 42.00 34.30 BND Million [+]
GDP From Construction 78.70 87.70 175.10 78.70 BND Million [+]
GDP From Mining 3013.50 2098.00 3013.50 2012.40 BND Million [+]
GDP From Public Administration 471.40 627.20 641.00 471.40 BND Million [+]
GDP From Services 1730.20 1822.90 1830.10 1713.60 BND Million [+]
Gross Fixed Capital Formation 1154.50 1245.82 2476.50 1080.60 BND Million [+]




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