Balanced trade in services in Brunei Darussalam
Brunei Darussalam: Balanced trade in services was 0.9216 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Brunei Darussalam, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
In 2024, balanced trade in services in Brunei Darussalam stood at 0.9216 US dollars, exchange rate converted. That is the highest value across all 20 years on record.
The figure is up 10.9% on the previous year and up 21.8% over ten years.
Over the whole period, balanced trade in services in Brunei Darussalam peaked at 0.9216 US dollars, exchange rate converted in 2024 and was at its lowest, 0.414 US dollars, exchange rate converted, in 2020.
That places Brunei Darussalam 124th out of 174 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5196 US dollars, exchange rate converted | 0.4629 US dollars, exchange rate converted | 0.5805 US dollars, exchange rate converted | 5 |
| 2010s | 0.6888 US dollars, exchange rate converted | 0.5139 US dollars, exchange rate converted | 0.8468 US dollars, exchange rate converted | 10 |
| 2020s | 0.6802 US dollars, exchange rate converted | 0.414 US dollars, exchange rate converted | 0.9216 US dollars, exchange rate converted | 5 |
Countries ranked near Brunei Darussalam
- 121 Afghanistan 0.9536 US dollars, exchange rate converted compare
- 122 Democratic People’s Republic of Korea 0.9385 US dollars, exchange rate converted compare
- 123 Serbia 0.9238 US dollars, exchange rate converted compare
- 125 Bosnia and Herzegovina 0.917 US dollars, exchange rate converted compare
- 126 Belize 0.8966 US dollars, exchange rate converted compare
- 127 Albania 0.8962 US dollars, exchange rate converted compare
More economy & growth data for Brunei Darussalam
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.48 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.08 Percent per annum (2029)
- Gross Fixed Capital Formation — Value US$ 4,354 million USD (2024)
- Gross Domestic Product — Annual growth US$ 2.44 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 1.6 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 4.2 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 3.35 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 5,818 million SLC (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.11 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.11 % (2024)
Frequently asked questions
- What is balanced trade in services in Brunei Darussalam?
- Balanced trade in services in Brunei Darussalam was 0.9216 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Brunei Darussalam?
- The highest recorded value was 0.9216 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Brunei Darussalam?
- The lowest recorded value was 0.414 US dollars, exchange rate converted in 2020.
- How does Brunei Darussalam rank for balanced trade in services?
- Brunei Darussalam ranks 124th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Brunei Darussalam?
- Over the last ten years it is up 21.8%. The long-run trend across the full record is rising.
- Where does this Brunei Darussalam data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
Download this data
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html