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Brunei economy exceeds expectations with 4.2% growth in 2024

Summary by The Scoop

BANDAR SERI BEGAWAN – Brunei has recorded its fastest annual gross domestic product (GDP) growth in 25 years, outperforming expectations with an expansion of 4.2% in 2024 despite ending the year with a quarterly contraction. Buoyed by robust growth in the downstream oil and gas sector, the Brunei economy delivered its best performance since 1999 when real GDP grew 4.3%. This also marks the second consecutive year of positive growth, following a …

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Brunei economy exceeds expectations with 4.2% growth in 2024

BANDAR SERI BEGAWAN – Brunei has recorded its fastest annual gross domestic product (GDP) growth in 25 years, outperforming expectations with an expansion of 4.2% in 2024 despite ending the year with a quarterly contraction. Buoyed by robust growth in the downstream oil and gas sector, the Brunei economy delivered its best performance since 1999 when real GDP grew 4.3%. This also marks the second consecutive year of positive growth, following a …

1 month ago

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The Scoop broke the news in 1 month ago on Friday, March 7, 2025.

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