AEIR 2018

A 21.0% rise in domestic investment supported economic expansion in Brunei Darussalam, as its GDP grew by 2.5% in the first quarter of 2018. This first quarter growth is also a recovery from the 1.3% contraction in the first quarter of the previous year. Growth in private fixed investment—at 25.8%, most of which is to expand capacity for oil and gas extraction—also supported growth in Brunei Darussalam. Expansion in other sectors also underpinned the economy’s growth. Oil and gas production rose 4.4%, and construction expanded 24.4%. Meanwhile, both the agriculture and the services sector continued to decline.

Present conditions and available indicators point toward a growth of at least 2.0% within the first half of 2018. The economy of Brunei Darussalam is expected to grow 2.0% in both 2018 and 2019.

Source: Asian Development Outlook 2018 Update, ADB.
Latest Month-Ago Year-Ago
Broad Money Growth 1 2.8 (Dec18)2.8 1.4
Headline Inflation Rate 2 -0.2 (Feb19)-0.1 0.0
Merchandise Export Growth 2 107.8 (Jan19)107.8 7.5
Exchange Rate Index 3 83.4 (Apr19)83.4 80.9
1 %.
2 y-o-y, %.
3 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

Initiatives / FTAs