Brunei Economy Collapse. Adaptation: If you create an adaptation of this work, please ad
Adaptation: If you create an adaptation of this work, please add the following disclaimer along with Tag Brunei economy Brunei’s Hidden Economic Crisis By Asif Ullah Khan Economic pressures and household debt are taking a toll on the Sultanate's population. This edition of the Brunei Economic Outlook was managed and prepared BANDAR SERI BEGAWAN — The Brunei economy slid deeper into recession after posting its largest quarterly contraction in three years amid The Brunei Economic Update is a publication of the Centre for Strategic and Policy Studies. This report provides an Brunei’s economic growth rebounded strongly in 2024, driven by a recovery in its upstream and downstream oil and gas sectors after a protracted period of weakness. Beneath the calm surface of our economy, the data exposes a nation still anchored in small-scale enterprises and With more than 70 per cent of national revenue still tied to oil and gas, a collapse in global prices would tighten fiscal space, weaken export earnings, and amplify the vulnerabilities already Brunei’s economy contracted 0. For example, the indicator looks at patterns of progressive economic decline of the society as a whole as Brunei’s economic recovery is underway with the non-oil & gas sector continuing to show positive performance driven by the services sector. Prudent fiscal Brunei's gross domestic product (GDP) at constant prices recorded a year-on-year decline of 1. Asia-Pacific’s leading current affairs magazine. Brunei’s economic performance—which was strong before the COVID-19 pandemic—has been buffeted by the health crisis and a pandemic-induced oil and gas (O&G) price shock. 8% decline in Q1 and marking the third consecutive quarter of contraction. The crisis began in Thailand in July 1997 before spreading to several Acknowledgements The Brunei Economic Outlook is an annual flagship report of the Centre for Strategic and Policy Studies (CSPS). It is published three times a year, in April, July, and October. Growth has been revised downwards ulnerabilities persist. 6 percent annual The Economic decline indicator considers factors related to economic decline within a country. Upstream and downstream oil and gas production have been weaker than The economic situation in Brunei is raising concerns. 2 percent growth rate in 2024. Billions are slipping away into neighbouring Malaysia, draining the BANDAR SERI BEGAWAN: Brunei's economy continues its robust recovery, stimulated by modest inflation and macroeconomic stability, an Asean think tank has said, reported Xinhua. 30 percent in the second quarter of 2025 over the same quarter of the previous year. The latest figure also represented the softest Brunei’s economy has struggled to recover despite the country’s success in managing the COVID-19 pandemic. Economic diversification will continue under the Vision of Brunei plan Brunei Darussalam’s long-standing efforts at economic diversification showed some progress in In agricultural product exports Rationale for the Blue Economy in Brunei Darussalam Despite being a high-income nation, Brunei Darussalam faces several economic challenges. This page Continued efforts in participating in regional economic integration, including the Regional Comprehensive Economic Partnership (RCEP) agreement that came into force this year and the new The Brunei economy contracted by 2. Brunei Economic Outlook 2024, Centre for Strategic and Policy Studies, Bandar Seri Begawan. These include stagnant economic growth, mainly The 1997 Asian financial crisis gripped much of East and Southeast Asia during the late 1990s. The Update is a supplement of the Brunei Foreword by the Chairman I am pleased to introduce the 2025 edition of the Brunei Economic Outlook, a flagship publication of the Centre for Strategic and Policy Studies (CSPS). With oil prices dropping, the sultanate is rapidly approaching a crisis. Primarily driven by the recovery of the oil and gas sectors which had been in decline since The Gross Domestic Product (GDP) in Brunei contracted 0. . The United States’ expanded oil production may exert downward pressure on global oil prices, affec ing Brunei’s economy. At the same time, heightened US-China trade tensions SINGAPORE, August 13, 2025 – Brunei’s economy continues its robust recovery, underpinned by modest inflation and macroeconomic stability. The authorities Brunei Economic Outlook 2025 Brunei’s economy expanded by a strong 4. The latest Economic Census of Enterprises (ECE) 2024, released by the Department of Economic Planning and Statistics (DEPS), offers a revealing snapshot of Brunei’s private sector. 8 percent in the first quarter (Q1) of 2025, according to Looking ahead, Brunei aims to diversify its economy in line with the authorities’ Vision 2035, focusing on sectors like downstream O&G, Food, Behind the peaceful borders of Brunei, a silent economic crisis is unfolding. 2 percent year-on-year in Q3 2021—the fourth consecutive quarterly decline. 3% yoy in Q2 2025, easing from a 1. The country has experienced a decrease in trade, a decline in foreign investment, and a Brunei and the Asian Economic Crisis (1997-98) Shielded from the Asian financial crisis that began in 1997 by its small size and irrelevance as an BANDAR SERI BEGAWAN – The Brunei economy suffered its biggest contraction in five years, closing out 2021 with a 1.
