Brunei BIP Veränderung zum Vorjahr

Brunei's economy shrank by 1.1% yoy in Q4 of 2024, swinging from a 6.0% growth in the prior two quarters while marking the first decline since Q3 of 2023. The industrial sector dropped after growing in the previous four periods (-5.1% vs 9.8%), dragged by falls in oil and gas mining, manufacture of food and beverages, other manufacturing, and construction. In contrast, services activity picked up (4.9% vs 0.8%) boosted by growth in wholesale & retail trade, water transport, air transport, and finance. Also, agricultural output grew robustly (18.2% vs 10.4%), lifted by livestock, forestry, and fishery. Expenditure-wise, a fall in fixed investment persisted (-12.1% vs -12.5%) while household consumption eased (3.9% vs 6.2%). However, government spending accelerated (2.3% vs 1.5%). On the trade front, exports fell 12.1%, and imports dipped 12.8%. For the full year, the economy grew 4.2%, much stronger than a 1.1% growth in 2023. Quarterly, GDP grew 5.9% in Q4, after a 4.8% rise in Q3.