AEIR 2017

After contracting for four straight years, Brunei Darussalam’s economy has shown signs of recovering. Rising global oil prices resulted in a marginal but positive growth in 2017, at 0.8%. Besides higher oil prices, increased government consumption and recovered fixed investment supported growth. Within the first nine months of 2017, government expenditure on consumption, which declined by 6.5% in 2016, bounced back with a 10.2% growth in 2017. Similarly, estimates services in hotels and restaurants, and transportation indicate reversals from 2016 figures.

Economic growth is expected to continue on its upward trajectory, with forecasts at 1.5% in 2018 and 2.0% in 2019. A positive outlook for the major industrial economies, as well as higher global oil prices in the next two years, will likely spur growth in Brunei Darussalam.

Source: Asian Development Outlook 2018, ADB.
Latest Month-Ago Year-Ago
Broad Money Growth 1 0.0 (Apr17)0.0 -3.5
Headline Inflation Rate 2 0.2 (Jun18)-0.1 -0.4
Merchandise Export Growth 2 6.6 (May18)6.6 45.9
Exchange Rate Index 3 83.5 (Aug18)83.2 83.4
1 %.
2 y-o-y, %.
3 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.