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Brunei Darussalam: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper describes economic developments in Brunei Darussalam during 1997–98. In 1997, the economy grew by 4 percent led by strong construction and services activities, while average inflation declined to less than 2 percent. Current expenditures were contained, and a recovery in capital expenditures was financed by larger transfers from the Brunei Investment Agency. In 1998, the Brunei economy was adversely affected by the large decline in world price of crude oil, the collapse of a large domestic private company, and the impact of the Asian crisis.

Suggested Citation

  • International Monetary Fund, 1999. "Brunei Darussalam: Recent Economic Developments," IMF Staff Country Reports 1999/019, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1999/019
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    Cited by:

    1. Hertog, Steffen, 2017. "Making wealth sharing more efficient in high-rent countries: the citizens’ income," LSE Research Online Documents on Economics 101305, London School of Economics and Political Science, LSE Library.

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