Brunei's GDP changed from approximately $4B 831M in 1985 to $15B 510M in 2024, showing an overall 221.1% sharply increased during the period.
The lowest GDP was recorded in 1986 at $3B 291M, and the highest in 2012 at $19B 48M.
Over the 39-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.0%.
For comparison, the average annual growth rate of Malaysia was 6.6%, and that of Singapore was 9.0%.
Brunei GDP from 1985 to 2024
The total market value of goods and services produced annually in Brunei.
Overview of Brunei's GDP (1985–2024)
The Gross Domestic Product (GDP) of Brunei recorded a 221.1% sharply increased from 1985 to 2024.
The average GDP during this period was $10B 72M, and the median was $9B 642M.
GDP fluctuated within a range of $15B 757M, with a standard deviation of $4B 812M.
The average annual change was $355M 178K.
Highest and Lowest GDP Records
- Lowest GDP: 1986, $3B 291M
- Highest GDP: 2012, $19B 48M
- Most Recent GDP: 2024, $15B 510M
Notable Annual GDP Changes
- 2011: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Brunei's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $13B 469M → $12B 6M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $13B 571M → $11B 892M
- Outcome: sharply declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $6B 650M → $6B 206M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $7B 43M → $5B 353M
- Outcome: sharply declined
Key Economic Indicators of Brunei (1985–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1985 | $ 4B 831M | $ 21,770.73 | $ 55,629.71 | $ 12B 344M | 0 % | 65.374 % | 0 % | 30.248 % | 222,000 people |
1986 | $ 3B 291M | $ 14,544.37 | $ 54,135.28 | $ 12B 251M | -2.715 % | 60.558 % | 0 % | 6.48 % | 226,000 people |
1987 | $ 3B 872M | $ 16,561.02 | $ 54,776.01 | $ 12B 807M | 2.009 % | 58.506 % | 0 % | 3.405 % | 234,000 people |
1988 | $ 3B 689M | $ 15,281.06 | $ 55,525.10 | $ 13B 404M | 1.097 % | 60.89 % | 0 % | -3.067 % | 241,000 people |
1989 | $ 4B 109M | $ 16,683.22 | $ 55,947 | $ 13B 780M | -1.074 % | 52.406 % | 0 % | -4.685 % | 246,000 people |
1990 | $ 4B 923M | $ 19,428.85 | $ 57,029.11 | $ 14B 451M | 1.089 % | 47.843 % | 0 % | -1.626 % | 253,000 people |
1991 | $ 5B 254M | $ 20,171.33 | $ 59,159.47 | $ 15B 410M | 3.146 % | 46.927 % | 0 % | -1.061 % | 260,000 people |
1992 | $ 5B 526M | $ 20,679.72 | $ 61,793.32 | $ 16B 511M | 4.759 % | 32.748 % | 0 % | -8.282 % | 267,000 people |
1993 | $ 5B 588M | $ 20,430.17 | $ 61,988.95 | $ 16B 954M | 0.305 % | 21.92 % | 0 % | -12.772 % | 274,000 people |
1994 | $ 6B 2M | $ 21,350.36 | $ 63,538.53 | $ 17B 861M | 3.145 % | 26.459 % | 0 % | -22.55 % | 281,000 people |
1995 | $ 7B 153M | $ 24,895.61 | $ 66,313.31 | $ 19B 52M | 4.479 % | 16.14 % | 0 % | -19.794 % | 287,000 people |
1996 | $ 7B 204M | $ 24,460.83 | $ 67,772.65 | $ 19B 959M | 2.878 % | 18.79 % | 0 % | -8.704 % | 295,000 people |
1997 | $ 7B 43M | $ 23,344.45 | $ 66,306 | $ 20B 5M | -1.471 % | 17.215 % | 0 % | -11.793 % | 302,000 people |
1998 | $ 5B 353M | $ 17,294.91 | $ 64,996.40 | $ 20B 116M | -0.559 % | 14.042 % | 0 % | -23.997 % | 310,000 people |
1999 | $ 5B 779M | $ 18,237.08 | $ 66,341.78 | $ 21B 24M | 3.052 % | 26.731 % | 0 % | -18.255 % | 317,000 people |
2000 | $ 6B 650M | $ 20,473.28 | $ 68,080.56 | $ 22B 113M | 2.849 % | 45.089 % | 0 % | 6.86 % | 325,000 people |
2001 | $ 6B 206M | $ 18,646.04 | $ 69,795.15 | $ 23B 231M | 2.744 % | 31.441 % | 0 % | 2.585 % | 333,000 people |
2002 | $ 6B 475M | $ 19,037.81 | $ 72,053.56 | $ 24B 505M | 3.872 % | 27.116 % | 0 % | -4.613 % | 340,000 people |
2003 | $ 7B 266M | $ 20,975.54 | $ 74,234.64 | $ 25B 715M | 2.904 % | 34.188 % | 0 % | 8.061 % | 346,000 people |
2004 | $ 8B 723M | $ 24,759.51 | $ 75,332.09 | $ 26B 539M | 0.504 % | 33.042 % | 0 % | 8.565 % | 352,000 people |