Brunei GDP Trends from 1985 to 2024: A overall increase with some decline Flow

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.

Change Chart

    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)

    yearGDP GrowthNominal GDPPPP GDPGDP per CapitaPPP per CapitaSavingsPopulationCurrent AccountFiscal Balance
    1985
    0 %
    $ 4B 831M
    $ 12B 344M
    $ 21,770.73
    $ 55,629.71
    0 %
    222,000 people
    65.374 %
    30.248 %
    1986
    -2.715 %
    $ 3B 291M
    $ 12B 251M
    $ 14,544.37
    $ 54,135.28
    0 %
    226,000 people
    60.558 %
    6.48 %
    1987
    2.009 %
    $ 3B 872M
    $ 12B 807M
    $ 16,561.02
    $ 54,776.01
    0 %
    234,000 people
    58.506 %
    3.405 %
    1988
    1.097 %
    $ 3B 689M
    $ 13B 404M
    $ 15,281.06
    $ 55,525.10
    0 %
    241,000 people
    60.89 %
    -3.067 %
    1989
    -1.074 %
    $ 4B 109M
    $ 13B 780M
    $ 16,683.22
    $ 55,947
    0 %
    246,000 people
    52.406 %
    -4.685 %
    1990
    1.089 %
    $ 4B 923M
    $ 14B 451M
    $ 19,428.85
    $ 57,029.11
    0 %
    253,000 people
    47.843 %
    -1.626 %
    1991
    3.146 %
    $ 5B 254M
    $ 15B 410M
    $ 20,171.33
    $ 59,159.47
    0 %
    260,000 people
    46.927 %
    -1.061 %
    1992
    4.759 %
    $ 5B 526M
    $ 16B 511M
    $ 20,679.72
    $ 61,793.32
    0 %
    267,000 people
    32.748 %
    -8.282 %
    1993
    0.305 %
    $ 5B 588M
    $ 16B 954M
    $ 20,430.17
    $ 61,988.95
    0 %
    274,000 people
    21.92 %
    -12.772 %
    1994
    3.145 %
    $ 6B 2M
    $ 17B 861M
    $ 21,350.36
    $ 63,538.53
    0 %
    281,000 people
    26.459 %
    -22.55 %
    1995
    4.479 %
    $ 7B 153M
    $ 19B 52M
    $ 24,895.61
    $ 66,313.31
    0 %
    287,000 people
    16.14 %
    -19.794 %
    1996
    2.878 %
    $ 7B 204M
    $ 19B 959M
    $ 24,460.83
    $ 67,772.65
    0 %
    295,000 people
    18.79 %
    -8.704 %
    1997
    -1.471 %
    $ 7B 43M
    $ 20B 5M
    $ 23,344.45
    $ 66,306
    0 %
    302,000 people
    17.215 %
    -11.793 %
    1998
    -0.559 %
    $ 5B 353M
    $ 20B 116M
    $ 17,294.91
    $ 64,996.40
    0 %
    310,000 people
    14.042 %
    -23.997 %
    1999
    3.052 %
    $ 5B 779M
    $ 21B 24M
    $ 18,237.08
    $ 66,341.78
    0 %
    317,000 people
    26.731 %
    -18.255 %
    2000
    2.849 %
    $ 6B 650M
    $ 22B 113M
    $ 20,473.28
    $ 68,080.56
    0 %
    325,000 people
    45.089 %
    6.86 %
    2001
    2.744 %
    $ 6B 206M
    $ 23B 231M
    $ 18,646.04
    $ 69,795.15
    0 %
    333,000 people
    31.441 %
    2.585 %
    2002
    3.872 %
    $ 6B 475M
    $ 24B 505M
    $ 19,037.81
    $ 72,053.56
    0 %
    340,000 people
    27.116 %
    -4.613 %
    2003
    2.904 %
    $ 7B 266M
    $ 25B 715M
    $ 20,975.54
    $ 74,234.64
    0 %
    346,000 people
    34.188 %
    8.061 %
    2004
    0.504 %
    $ 8B 723M
    $ 26B 539M
    $ 24,759.51
    $ 75,332.09
    0 %
    352,000 people
    33.042 %
    8.565 %