Source: world bank Nominal/PPP
Summary:
Brunei Darussalam GDP Per Capita expanded from 1965 to 2024, increasing from $1,028.88 to $33,153.47 .The compound annual growth rate (CAGR) averaged 6.06% over the period. The economy recorded its peak level in 1980 and its lowest level in 1965. Growth volatility remained high. The maximum drawdown reached 69.37%, 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)
From 1965 to 2024, Brunei Darussalam economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1970–1974) indicating robust economic expansion
- High Growth (1976–1980) indicating robust economic expansion
- Crisis (1985–1986) indicating severe economic downturn
- High Growth (1989–1990) indicating robust economic expansion
- Contraction (1992–1993) indicating temporary slowdown
- Contraction (1996–1997) indicating temporary slowdown
- High Growth (2003–2006) 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 417.032%, while the largest decline was in 1986 at -41.872%.