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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
