Balance of Payments: Total Net Current Account for Brunei Darussalam
BRNBCAGDPBP6PT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.22
Year-over-Year Change
-25.32%
Date Range
1/1/1990 - 1/1/2029
Summary
The Balance of Payments: Total Net Current Account for Brunei Darussalam measures the net flow of goods, services, income, and current transfers between Brunei and the rest of the world. It is a key economic indicator used to assess a country's international trade and financial position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Net Current Account tracks the difference between a country's total exports and total imports, including trade in goods and services as well as net income and transfer payments. It provides insight into Brunei's overall economic performance and competitiveness in global markets.
Methodology
The data is collected and reported by the Brunei Darussalam Central Bank.
Historical Context
Economists and policymakers use the Net Current Account to evaluate Brunei's trade dynamics and external imbalances, informing decisions on economic and exchange rate policies.
Key Facts
- Brunei has consistently run a current account surplus since the 1990s.
- The current account surplus peaked at over 30% of GDP in the early 2000s.
- Oil and gas exports are the primary driver of Brunei's current account surplus.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Total Net Current Account for Brunei Darussalam measures the net flow of goods, services, income, and current transfers between Brunei and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The Net Current Account provides insight into Brunei's overall economic performance and competitiveness in global markets, informing decisions on economic and exchange rate policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Brunei Darussalam Central Bank.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the Net Current Account to evaluate Brunei's trade dynamics and external imbalances, informing decisions on economic and exchange rate policies.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a short lag, providing timely insights into Brunei's external economic position.
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Citation
U.S. Federal Reserve, Balance of Payments: Total Net Current Account for Brunei Darussalam (BRNBCAGDPBP6PT), retrieved from FRED.