Brunei - PIB Taxa de Crescimento Anual

Brunei's economy contracted 0.5 percent year-on-year in the first quarter of 2019, following a 1.0 percent growth in the previous period. Gross capital formation growth slowed (1.0 percent vs 45.4 percent in Q4) while both household consumption (4.9 percent vs 6.7 percent) and government spending (1.0 percent vs 7.2 percent) expanded at a softer pace. Regarding net foreign demand, exports fell 3.2 percent (from 15.1 percent in Q4) while imports advanced 20.0 percent (from 45.7 percent in Q4). On the production side, output declined in agricultural, forestry & fishing (-3.3 percent vs 0.4 percent), particularly vegetables, fruits & other agriculture (-17.4 percent vs 0.5 percent) while the industry sector shrank 2.3 percent, the same pace as in the previous quarter. Additionally, the services sector production advanced at a softer pace (2.8 percent vs 6.4 percent). On a quarterly basis, the economy shrank 1.1 percent, following a 6.0 percent growth in the last quarter of 2018.

Brunei's economy advanced 1.0% year-on-year in Q4 2018, after a downwardly revised 1.1% contraction in Q3 and reaching the first yearly expansion in three quarters. Both household consumption (6.7% vs -1.8%) and government spending (7.2% vs -0.1%) rebounded sharply, and fixed investment growth accelerated strongly (45.4% vs 24.2%). Meanwhile, net exports contributed negatively to the GDP growth, as exports grew 15.1% (vs 0.6% in Q3) while imports jumped 45.7% (vs 36.8%). On the expenditure side, the service sector rose far stronger (6.4% vs 0.7% in Q3), supported by wholesale and retail trade (5.2%) and air transport (5.6%). Also, the agriculture, forestry and fishing rose 0.4%, the second straight quarter of increase. In contrast, the industry sector fell (-2.3% vs -2.2%), mainly attributed to the manufacture of LNG and methanol which continued to slip (-6.3%). On a quarterly basis, the economy grew 6 percent in Q4, following a 4.1 percent growth in Q3.

Brunei's economy contracted 1.2 percent year-on-year in the three months to September of 2018, following a 2.8 percent decline in the previous period and marking the second straight contraction since Q1 2017. The largest negative contributor was net trade, as exports fell 0.5 percent (vs -0.7% in Q2) while imports jumped 34.7 percent (vs 21.4% in Q2). In addition, both household consumption (-1.8% vs 4.8%) and government spending (-0.6% vs -5.1%) went down. In contrast, fixed investment continued to grow solidly (33.1% vs 32.8%). On the expenditure side, the industrial sector declined 2.2 percent, mainly attributed to the manufacture of liquefied natural gas (LNG) and methanol subsector which slipped 7.4 percent. Also, the agriculture, forestry and fishing sector went down 1.2 percent. Conversely, services expanded 0.5 percent. On a quarterly basis, the economy contracted 4.3 percent in the September quarter, following a 8.8 percent decline in the second quarter.