Transcribed
Brunei Darussalam - Average daily production
3.22.1 GDP growth 3_ -1- -2_ 2008 2009 2010 2011 2012 Sources: Asian Development Outlook database; ADB estimates. 3.22.2 Average daily production Liquefied natural gas Crude petroleum Billion BTU Thousand barrels 1,250_ _250 1,000_ _200 750- |_150 500_ |_100 250_ 50 0. 2000 2002 2004 2006 2008 2010 Q3 2012 BTU = British thermal unit. Sources: CEIC Data Company (accessed 23 March 2013); Department of Economic Planning and Development. 2012. Brunei Economic Bulletin 3Q 2012. http://www.depd.gov.bn/ download/BEB_Q32012.pdf
Brunei Darussalam - Average daily production
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Economic growth slowed to an estimated 1% in 2012 owing to weakness in production and exports of crude oil (Figure 3.22.1). The latest official data put GDP growth at 0.6% in January–September from ...
the same period in 2011.
Despite slight growth in GDP, private consumption increased by 4% in January–September, above the average of the past 5 years. Sales of new automobiles jumped by 28%. Increases in private consumption are underpinned by high employment, low inflation, and—thanks to strong government revenue flows from hydrocarbons—no taxes on personal incomes, goods and services, or capital gains. GDP per capita at $44,000 in 2012 was the highest in developing Asia after Singapore and
Hong Kong, China.
Fixed investment rose by nearly 3% and government consumption by 2% in January–September. While domestic demand increased in 2012 a decline in exports of hydrocarbons together with a rise in imports meant that net exports acted as a drag on GDP growth.
The oil and gas sector contracted by 2.4% in January–September. Oil production fell to 155,000 barrels a day from 166,000 barrels a day in 2011.
Output has declined by about one-third since 2006, when it was 219,000 barrels a day (Figure 3.22.2). Natural gas production at mid-2012 showed a slight decline from a year earlier.
BTU = British thermal unit.
Sources: CEIC Data Company (accessed 23 March 2013); Department of Economic Planning and Development. 2012. Brunei Economic Bulletin 3Q 2012.
http://www.depd.gov.bn/
download/BEB_Q32012.pdf
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http://www.depd.gov.bnCategory
EconomyGet a Quote
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