(Bandar Seri Begawan, 21st) According to Xinhua News Agency, the ASEAN+3 Macroeconomic Research Office (AMRO) predicts that Brunei's economic growth rate for 2025 and 2026 will be 2.6%.
The "Regional Economic Outlook" released by AMRO last week pointed out that Brunei's economy has experienced broad-based growth, achieving the strongest growth momentum in decades, with a real GDP growth of 4.2% in 2024.
The report states that benefiting from the accelerated growth of production from new oil wells that commenced operations in October 2023, activities in the upstream oil and gas sector have robustly recovered.
The report adds that the completion of major revitalization projects post-pandemic has further supported the growth of this sector. Similarly, in non-oil and gas sectors, growth is primarily driven by the ongoing expansion of downstream activities and the services industry.
The report also points out that the structural transformation to achieve a more diversified and inclusive economic structure remains a key long-term challenge.
To achieve sustained, balanced, and inclusive economic growth, the government has identified five key development areas: downstream oil and gas, food, tourism, information and communication technology, and the services industry.
The "Regional Economic Outlook" released by AMRO last week pointed out that Brunei's economy has experienced broad-based growth, achieving the strongest growth momentum in decades, with a real GDP growth of 4.2% in 2024.
The report states that benefiting from the accelerated growth of production from new oil wells that commenced operations in October 2023, activities in the upstream oil and gas sector have robustly recovered.
The report adds that the completion of major revitalization projects post-pandemic has further supported the growth of this sector. Similarly, in non-oil and gas sectors, growth is primarily driven by the ongoing expansion of downstream activities and the services industry.
The report also points out that the structural transformation to achieve a more diversified and inclusive economic structure remains a key long-term challenge.
To achieve sustained, balanced, and inclusive economic growth, the government has identified five key development areas: downstream oil and gas, food, tourism, information and communication technology, and the services industry.