Bandar seri begawan: Brunei Darussalam’s Gross Domestic Product (GDP) at constant prices recorded a contraction of 0.3 percent in the second quarter of 2025 compared to the same period last year. GDP declined from 4.63 billion dollars in the second quarter this year.
According to Radio Television Brunei, the Oil and Gas Sector grew by 1.5 percent, while the Non-Oil and Gas Sector registered a 1.8 percent decline. The expansion of the Oil and Gas Sector was primarily driven by higher crude oil production from both existing and new oil wells. However, natural gas and Liquefied Natural Gas production declined due to scheduled and unscheduled maintenance activities. The decline in the Non-Oil and Gas Sector was primarily attributed to a drop in subsectors, including Finance, Other Manufacturing, Wholesale and Retail Trade, and Business Services.
At current prices, the economy in the second quarter stood at 4.9 billion dollars, down from 5.2 billion in the second quarter of 2024. The Non-Oil and Gas Sector accounted for 50.5 percent, which includes downstream activities such as the manufacture of petroleum and chemical products. In contrast, the Oil and Gas Sector, comprising oil and gas mining and the manufacture of liquefied natural gas, contributed 49.5 percent.
By economic activities, in terms of GDP contribution for the second quarter, the Industry Sector was followed by the Services Sector and the Agriculture, Forestry, and Fishery Sector. By the expenditure approach, Government Final Consumption Expenditure increased by 12 percent. Other components registered a decline, including Net Exports of Goods and Services, Gross Capital Formation (physical asset investment), and Household Final Consumption Expenditure.
The full report for the GDP second quarter of 2025 is available on DEPS’s website.