Key data points
Last release
—
Observation period
Q1 2025
Next release
—
Forecast
—
Highest
7.10 % on Dec 31, 2019
Lowest
−8.10 % on Dec 31, 2013
About Brunei GDP YoY
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.