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Brunei's economy is projected to grow by 2.7% in 2024, reflecting a positive shift following previous negative growth. The non-oil and gas sector is expected to play a significant role in this growth, indicating a structural change in the economy.

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Brunei Economy Forecasts 2.7% Growth in 2024

Published on 29th March 2024

Brunei's economy is projected to grow by 2.7% in 2024, according to the Centre for Strategic and Policy Studies (CSPS). The report highlights continued growth in the non-oil and gas sector, which will contribute significantly to economic diversification. While oil and gas activities remain crucial contributors to GDP, ...

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Brunei's economy is projected to grow by 2.7% in 2024, according to the Centre for Strategic and Policy Studies (CSPS). The report highlights continued growth in the non-oil and gas sector, which will contribute significantly to economic diversification. While oil and gas activities remain crucial contributors to GDP, the non-oil and gas sector's 'Nominal Gross Value Added' is expected to reach 53%, reflecting a structural shift in the economy. Brunei experienced a 1.4% growth in 2023 after two years of negative growth.

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Borneo Bulletin

📍Brunei Press Sdn Bhd

Brunei's leading English daily, serving the nation since 1953. Published by Brunei Press Sdn Bhd. 📰📱💻

Brunei's leading English daily, serving the nation since 1953. Published by Brunei Press Sdn Bhd. 📰📱💻

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