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Malaysia Sun

Brunei GDP declines 1.8 pct in Q1

Xinhua 27 Jun 2025, 15:45 GMT+10 BANDAR SERI BEGAWAN, June 27 (Xinhua) -- Brunei's gross domestic product (GDP) at constant prices recorded a year-on-year decline of 1.8 percent in the first quarter (Q1) of 2025, according to the Department of Economic Planning and Statistics. According to the local daily Borneo Bulletin on Friday, the decline in the oil and gas sector in Q1 2025 was due to lower production of natural gas and liquefied natural gas (LNG), following both scheduled and unscheduled maintenance activities. The report from the Department of Economic Planning and Statistics under Brunei's Ministry of Finance and Economy shows that Brunei's GDP at current prices was 4.9 billion Brunei dollars (3.84 billion U.S. dollars) in Q1 2025, a decrease from Q1 2024, which was 5.1 billion Brunei dollars (3.99 billion U.S. dollars). The non-oil and gas sector contributed 54.2 percent of Brunei's GDP in Q1, comprising downstream activities such as the manufacture of petroleum and chemical products, among others. The oil and gas sector contributed 45.8 percent, according to the report. Brunei is a key oil and natural gas producer in Southeast Asia.