Brunei’s industry sector has been a significant contributor, with petroleum and natural gas leading to high levels around in 1990, peaking at in 2008. The sector’s volatility reflects dependence on oil prices, impacting contribution during downturns, like the decline to in 2016. Efforts to stabilize the sector saw a recovery to by 2022. Brunei’s reliance on hydrocarbons underscores its vulnerability to global oil price fluctuations and ongoing efforts to diversify its economy.
For a deeper dive into the topic, explore Brunei’s unemployment trend, Brunei’s net lending/borrowing rate as a percentage of GDP, Brunei’s annual GDP.
