Brunei GDP Annual Growth Rate

Last Release

Sep 30, 2022

Actual

0.9

Units In

-4.4

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
7.1 Dec 2019	-8.1 Dec 2013	0.22 %	2004-2022	N/A

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.

Latest Updates

Brunei’s economy contracted 0.3% yoy in Q2 2025, easing from a 1.8% decline in Q1 and marking the third consecutive quarter of contraction. The latest figure also represented the softest decrease in the sequence. The industry sector rebounded (1.1% vs -2.5% in Q1), mainly boosted by higher oil and gas output. Agricultural output also surged (5.0% vs -11.7%), driven by livestock, poultry, and fisheries. In contrast, services activity declined further (-2.4% vs -0.6%), weighed by weak wholesale and retail trade, finance, hotels, and business services. On the expenditure side, government expenditure picked up strongly (12.0% vs 0.8%). Meanwhile, exports dropped 15.6% and imports slipped 17.8%, yet net trade still contributed positively to growth. Simultaneously, household spending remained subdued (-3.2% vs -3.0%), and fixed investment continued to contract (-9.5% vs -13.2%). On a quarterly basis, the GDP contracted 5.7%, deepening from a 5.1% drop in Q1.