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%.

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.

Brunei GDP from 1985 to 2024

The total market value of goods and services produced annually in Brunei.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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