As per International Monetary Fund (IMF) Brunei’s nominal gross domestic product is expected to grow at a CAGR of 4.79% from it’s 2015 level of BND 17.778 billion and reach BND 24.666 billion by 2022.
Brunei Darussalam is a small, rich oil country in Asia. The country is highly dependent on the hydrocarbon sector, but the oil resources give the country a very comfortable external position and allow the government to be very generous to the local population.
Brunei Darussalam had estimated population of 0.423 million in the year 2016 and expected to reach 0.456 million by 2022.Brunei Darussalam’s unemployment rate was 6.9% of total labor force, which is expected to remain same till 2022.
Brunei Darussalam’s real gross domestic product (GDP) was around BND 18.006 billions in 2016 whereas the nominal GDP was BND 15.45billions. This resulted in GDP deflator 85.807. Per capita GDP was estimated at USD 26424.43 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 76884.05.
In 2016, Brunei Darussalam government’s revenue was BND 2.772 billions whereas the expenditure was BND 6.155billions. This resulted Brunei Darussalam government’s net lending / borrowing negative at BND 3.383 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Brunei Darussalam was estimated to be at USD 1.061billions for the year 2016 and is expected to grow at a CAGR of 6% and reach USD 3.115 by 2022. This positive current account balance indicates the Brunei Darussalam is net lender to the whole world.
Scope of the Brunei PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Brunei.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Brunei.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Brunei.
- These reports provide risk analysis for Brunei.
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