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

Brunei's economy contracted 0.5 percent year-on-year in three months to December of 2015, following an upwardly revised 2.4 percent growth in the previous period. The contraction was mainly due to a decline in oil and gas production (-0.2 percent from 6.6 percent in the third quarter) while non-oil and gas output shrank at a slower pace (-0.7 percent from -3 percent). Considering full 2015, the GDP contracted 0.6 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
-0.50 1.50 6.60 -6.60 2004 - 2015 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 May 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 -0.5%
2016-09-29 08:00 AM Q2
2016-12-29 08:00 AM Q3

Brunei GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -0.50 1.50 6.60 -6.60 percent [+]
GDP 17.10 16.11 17.10 0.11 USD Billion [+]
GDP per capita 25140.29 24184.67 47649.68 1145.72 USD [+]
GDP per capita PPP 72219.22 69474.18 78688.42 69474.18 USD [+]
GDP From Agriculture 36.30 42.00 42.00 35.40 BND Million [+]
GDP From Construction 87.70 158.80 158.80 87.70 BND Million [+]
GDP From Mining 2098.00 2125.00 2198.50 2035.90 BND Million [+]
GDP From Public Administration 627.20 514.80 641.00 489.90 BND Million [+]
GDP From Services 1822.90 1713.60 1830.10 1713.60 BND Million [+]




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New Zealand 2.30 Dec/15
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Chile 2.00 Mar/16
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United States 2.00 Mar/16
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Croatia 1.90 Dec/15
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Austria 1.30 Mar/16
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Paraguay 1.10 Dec/15
Finland 1.00 Mar/16
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Lebanon 1.00 Dec/15
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Tunisia 1.00 Mar/16
Argentina 0.90 Dec/15
Hungary 0.90 Mar/16
Hong Kong 0.80 Mar/16
Portugal 0.80 Mar/16
Norway 0.70 Mar/16
Belize 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
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Switzerland 0.40 Dec/15
Eritrea 0.30 Dec/15
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Guinea 0.10 Dec/15
Ukraine 0.10 Mar/16
Japan 0.00 Mar/16
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Brunei -0.50 Dec/15
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