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Brunei Economy Grows 1.4% Driven by Non-Oil Sectors

Published on 29th February 2024

Brunei's economy grew by 1.4% in 2023, driven by a 4.5% increase in the non-oil and gas sector. Subsectors like air transport, finance, and construction contributed to this growth. The oil and gas sector declined by 2%. For 2024, the Ministry of Finance and Economy projects GDP growth between 3.3% and 4%, anticipating ...

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Brunei's economy saw a growth of 1.4% in 2023, primarily fueled by a robust 4.5% increase in the non-oil and gas sector, despite a 2% decline in the oil and gas sector. The Ministry projects GDP growth of 3.3% to 4% for 2024, with forecasts from IMF, AMRO, and ADB suggesting positive economic trends ahead, though uncertainties remain.

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Brunei Economy Grows 1.4% Driven by Non-Oil Sectors

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Borneo Bulletin

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Brunei Economy Grows 1.4% Driven by Non-Oil Sectors

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Borneo Bulletin

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