Brunei GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Brunei contracted 5.30 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Brunei is reported by the Department of Economic Planning and Development, Brunei. GDP Annual Growth Rate in Brunei averaged 0.67 Percent from 2004 until 2013, reaching an all time high of 6.60 Percent in the second quarter of 2010 and a record low of -5.60 Percent in the first quarter of 2008. 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. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-5.30 -3.90 6.60 -5.60 -6.02 | 2014/03 2004 - 2013 Percent Quarterly

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Brunei GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 16.95 2012-12-31 16.36 16.95 0.11 19.92 2014-06-30 USD Billion [+]
GDP Annual Growth Rate -5.30 2013-12-31 -3.90 6.60 -5.60 -6.02 2014-03-31 Percent [+]
GDP per capita 24947.10 2012-12-31 24764.88 47649.68 1145.72 25010.52 2014-06-30 USD [+]
GDP per capita PPP 45978.74 2012-12-31 45642.89 79023.00 44862.16 46095.64 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Brunei GDP Annual Growth Rate at -5.30 Percent  
The Gross Domestic Product (GDP) in Brunei contracted 5.30 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Brunei is reported by the Department of Economic Planning and Development, Brunei.
Brunei Inflation Rate at -0.10 Percent  
The inflation rate in Brunei was recorded at -0.10 percent in March of 2014. Inflation Rate in Brunei is reported by the Department of Economic Planning and Development, Brunei.
Brunei Balance of Trade at 1087.00 Million BND  
Brunei recorded a trade surplus of 1087 Million BND in January of 2014. Balance of Trade in Brunei is reported by the Department of Economic Planning and Development, Brunei.
Brunei Imports at 219.00 Million BND  
Imports in Brunei decreased to 219 Million BND in January of 2014 from 393.40 Million BND in December of 2013. Imports in Brunei is reported by the Department of Economic Planning and Development, Brunei.
Brunei Exports at 1306.00 Million BND  
Exports in Brunei increased to 1306 Million BND in January of 2014 from 1126.10 Million BND in December of 2013. Exports in Brunei is reported by the Department of Economic Planning and Development, Brunei.
Brunei Government Budget at 20.20 Percent of GDP  
Brunei recorded a Government Budget surplus equal to 20.20 percent of the country's Gross Domestic Product in 2012. Government Budget in Brunei is reported by the Department of Economic Planning and Development, Brunei.
Brunei Current Account to GDP at 43.00 Percent  
Brunei recorded a Current Account surplus of 43 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Brunei is reported by the Department of Economic Planning and Development, Brunei.
Brunei Interest Rate at 5.50 Percent  
The benchmark interest rate in Brunei was last recorded at 5.50 percent. Interest Rate in Brunei is reported by the Autoriti Monetari Brunei Darussalam.
Brunei Current Account at 2812.70 BND Million  
Brunei recorded a Current Account surplus of 2812.70 BND Million in the third quarter of 2011. Current Account in Brunei is reported by the Department of Economic Planning and Development, Brunei.
Brunei Personal Income Tax Rate at 0.00 percent  
The Personal Income Tax Rate in Brunei stands at 0 percent. Personal Income Tax Rate in Brunei is reported by the Ministry of Finance, Revenue Division, Brunei.
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