cover image: BRUNEI ECONOMIC OUTLOOK 202  4

20.500.12592/q573tfp

BRUNEI ECONOMIC OUTLOOK 202 4

22 Mar 2024

The non-oil and gas sector The non-oil and gas sector is expected to outstripped the oil and gas sector in 2023 continue its modest expansion into 2024 and and the gap was at its largest in recent help further diversify the economy despite a history. [...] The non-oil and 0 gas sector reached similar heights in 2020 and 2021 but the current gap between the sectors is the largest seen in recent data Source: CSPS; Department of Economic Planning and reflecting the structural change occurring in Statistics the Brunei economy. [...] of share, the government services are the Overall growth in the non-oil and gas sector largest with about 26 percent of total, still managed to remain in the green and followed by finance with 18 percent and shows the robustness of the growth of the wholesale and retail trade with 12 percent. [...] This accelerated is attributed to the investments made into the growth will be driven primarily by the revitalisation and maintenance of the oil and recovery of the oil and gas sector and the gas plants and infrastructure which are finally downstream sectors back to their historical beginning to bear fruits. [...] The forecast is in line with operational and has subsequently other regional and international outstripped the contribution of the oil and gas organisations which, at the time of writing, sector in the economy.

Authors

CSPS

Pages
42
Published in
Brunei