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Brunei GDP Annual Growth Rate

Brunei's GDP annual growth rate rose to 4.2% in 2024, up from 1.13% in 2023, according to World Bank. This represents an increase of 3.07% from the previous year. Brunei has GDP annual growth rate higher than the global median (4.20% vs median 3.24%). Compared with the median in Asia, Brunei is higher (4.20% vs regional median 3.76%) and ranks 22nd out of 47 countries in Asia.

Brunei's real GDP rose to $13.7 billion in 2024, up from $13.15 billion in 2023.

Yearly Historical Data (1975-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 4.2%
2023 1.13%
2022 -1.63%
2021 -1.59%
2020 1.13%
2019 3.87%
2018 0.05%
2017 1.33%
2016 -2.48%
2015 -0.39%
2014 -2.51%
2013 -2.12%
2012 0.91%
2011 3.74%
2010 2.74%
2009 -1.9%
2008 -3.9%
2007 -3.76%
2006 4.1%
2005 0%
2004 0.1%
2003 3.58%
2002 3.96%
2001 1.47%
2000 3.47%
1999 4.26%
1998 -6.66%
1997 6.34%
1996 -0.03%
1995 1.35%
1994 0.99%
1993 -0.63%
1992 -3.12%
1991 2.91%
1990 2.64%
1989 -2.73%
1988 -1.54%
1987 2.08%
1986 -5.41%
1985 -2.91%
1984 -2.38%
1983 0.4%
1982 2.3%
1981 -22.38%
1980 -9.71%
1979 24.34%
1978 7.02%
1977 9.93%
1976 20.87%
1975 -0.65%
Brunei GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Brunei's total economic output.
Indicator Last Value Prior Value Period
GDP $15.46B $15.1B 2024
GDP per Capita $29,605.88 $28,645.96 2024
GDP per Capita PPP $79,184.09 $76,616.7 2024
R&D Expenditure (% GDP) 0.28% 0.04% 2018
Real GDP $13.7B $13.15B 2024