Brunei economy continues to grow by 2.8% in Q2 2020

BANDAR SERI BEGAWAN, Sept 21 (Borneo Bulletin/ANN): In Q2 2020, Brunei Darussalam’s gross domestic product (GDP) at current prices was estimated at BND4 billion compared to BND4.8 billion in Q2 2019.

The Oil & Gas sector, comprising oil and gas mining and manufacturing of liquefied natural gas (LNG), was valued at BND1.9 billion which accounted for 46.8 per cent of the total gross value added (GVA). Meanwhile, the Non-Oil & Gas sector, which now includes downstream activities such as the manufacturing of petroleum and chemical products, contributed 53.2 per cent with a GVA of BND 2.1 billion.