Brunei’s industry sector has been a significant contributor, with petroleum and natural gas leading to high levels around 61.6% in 1990, peaking at 74.1% in 2008. The sector’s volatility reflects dependence on oil prices, impacting contribution during downturns, like the decline to 57.3% in 2016. Efforts to stabilize the sector saw a recovery to 67.9% 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.
