Source: world bank Nominal/PPP
Summary:
Brunei Darussalam GDP expanded from 1965 to 2024, increasing from $0.11 billion to $15.34 billion.The compound annual growth rate (CAGR) averaged 8.73% over the period. The economy recorded its peak level in 2012 and its lowest level in 1965. Growth volatility remained high. The maximum drawdown reached 61.2%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Brunei Darussalam Economic Phases (1965–2024)
Between 1965 to 2024, Brunei Darussalam experienced the following economic phases:
- High Growth (1970–1980) indicating robust economic expansion
- Contraction (1984–1985) indicating temporary slowdown
- High Growth (1989–1990) indicating robust economic expansion
- Expansion (1991–1992) indicating steady moderate growth
- High Growth (2003–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Contraction (2013–2014) indicating temporary slowdown
- Crisis (2015–2016) indicating severe economic downturn
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2021–2022) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1974 with an increase of 435.581%, while the largest decline was in 1986 at -39.861%.