Brunei: Fiscal balance, percent of GDP
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Brunei |
Fiscal balance, percent of GDP |
---|---|
Latest value | 1.13 |
Year | 2022 |
Measure | percent |
Data availability | 2000 - 2022 |
Average | 3.98 |
Min - Max | -19.57 - 27.92 |
Source | Asian Development Bank |
The latest value from 2022 is 1.13 percent, an increase from -5.38 percent in 2021. In comparison, the world average is -2.49 percent, based on data from 163 countries. Historically, the average for Brunei from 2000 to 2022 is 3.98 percent. The minimum value, -19.57 percent, was reached in 2020 while the maximum of 27.92 percent was recorded in 2008.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 22.82 | 2023 | percent |
Government spending, in dollars | 3.45 | 2023 | billion U.S. dollars |
Fiscal balance, percent of GDP | 1.13 | 2022 | percent |
Government debt | 2.33 | 2023 | percent |
Government expenditure | 1.10 | Q2/2024 | billion |
Commercial tax rate | 8.00 | 2019 | percent |
Tax preparation time | 53 | 2019 | hours |
Number of taxes | 5 | 2019 | taxes |
Foreign aid | 0.77 | 2004 | million U.S. dollars |