Brunei GDP Growth Rate YoY
As the fourth-largest producer of oil in Southeast Asia, Brunei is a major player in the global oil industry. Around 62% of GDP is accounted for by oil, which also contributes to 90% of government income. Although oil output has decreased in recent years, as a result, the pace of expansion has slowed. For the purpose of improving Brunei's long-term prospects, the government has been attempting to diversify the economy by reinvesting oil income in non-oil industries such as Islamic banking and encouraging foreign direct investment. Given that tropical forest covers 70% of the country's land area, eco-tourism has also received a lot of attention.
A higher than expected figure should be seen as positive (bullish) for the BND while a lower than expected figure should be seen as negative (bearish) for the BND.
