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 stabilized in Q3 2025, up marginally by 0.03% yoy after contracting in the prior three quarters. The services sector shrank at a slower pace (-0.5% vs -2.4% in Q2), helped by growth in air transport, finance, real estate, and other transport services. Meanwhile, industrial activity slowed (0.3% vs. 1.1%), weighed by softer oil and gas output, declines in food and beverage manufacturing, other manufacturing, and construction. Agricultural growth eased sharply (1.8% vs. 5.0%) amid further drops in fruits, vegetables, other agricultural products, and forestry. Expenditure-wise, fixed investment improved (-0.1% vs -9.5%). Net trade lifted growth as exports recovered (4.6% vs -15.6%) while imports fell further (-21.6% vs -17.8%). Household consumption stayed weak (-5.0% vs -3.2%), while government spending fell for the first time in five quarters (-3.0% vs 12.0%). On a quarterly basis, GDP rebounded 5.4%, swinging from a marginally revised 5.6% fall in Q2.