| Latest Highlights
2023
The Brunei Darussalam’s balance of payments (BOP) recorded a surplus of BND2,611.0 million in 2023, a decrease compared to BND4,501.0 million in 2022. The lower current account balance surplus was due to decrease in surplus of Goods Account of BND15,094.1 million and increase of Services Account deficit valued at BND1,749,3 million. While Primary Income recorded a surplus at BND260.6 million and Secondary Income was at deficit BND1,003.4 million.
Meanwhile, the Financial Account recorded a net outflow of BND2,473.4 million in 2023 compared to net outflow of BND3,290.7 million in 2022.
More details... EXCEL TABLE
|
Summary Data
|
2019 |
2020 | 2021 |
2022
|
2023p | |
Current Account | 1,214.4 | 748.4 | 2,110.0 | 4,501.0 | 2,611.0 | | Goods | 3,011.6 | 1,910.7 | 3,600.3 | 7,105.3 | 5,103.2 | | Exports | 9,831.2 | 9,026.5 | 14,783.4 | 19,484.0 | 15,094.1 | | Imports | 6,819.6 | 7,115.8 | 11,183.1 | 12,378.6 | 9,990.9 | | Services | (1,621.9) | (1,178.6) | (935.9) | (1,169.5) | (1,749.3) | | Receipts | 842.8 | 485.9 | 269.3 | 388.2 | 456.6 | | Payments | 2,464.7 | 1,664.5 | 1,205.2 | 1,557.7 | 2,205.9 | | Primary Income | 492.6 | 499.1 | 120.5 | (509.7) | 260.6 | | Receipts | 1,402.3 | 1,268.6 | 1,288.3 | 757.4 | 1,286.2 | | Payments | 909.7 | 769.4 | 1,167.8 | 1,267.2 | 1,025.6 | | Secondary income | (668.0) | (482.9) | (674.9) | (925.2) | (1,003.4) | | Receipts | 62.6 | 64.2 | 89.3 | 67.1 | 77.2 | | Payments | 730.6 | 547.1 | 764.2 | 992.3 | 1,080.7 | | | | | | | | |
Capital Account | - | - | - | - | - | | | | | | | | |
Financial Account | (623.1) | 363.8 | (160.5) | 3,290.7 | 2,473.4 | | Direct Investment Abroad | - | - | - | - | - | | Direct Investment in Brunei | 511.0 | 796.7 | 275.1 | (403.2) | (68.6) | | Portfolio Investment Assets | 1,907.9 | 1,647.2 | (318.7) | 628.7 | (363.8) | | Portfolio Investment Liabilities | - | - | - | - | - | | Other Investment Assets | 384.6 | (728.6) | 292.6 | 1,196.5 | 1,841.2 | | Other Investment Liabilities | 2,334.1 | (241.8) | (140.8) | (1,062.3) | (927.5) | | Current+capital-financial account balance | 1,767.0 | 384.6 | 2,270.5 | 1,210.3 | 137.6 | | | | | | | | |
Net Errors and Omissions | (735.1) | (996.0) | (797.7) | (1,103.6) | (1,076.0) | |
Reserve Assets | 1,031.9 | (611.4) | 1,472.8 | 106.6 | -938.4
|
|
