Quarterly Gross Domestic Product Documents Library/DOS/GDP/2015/GDP...Quarterly Gross Domestic Product Q4 2015 Brunei Darussalam’s Gross Domestic Product (GDP) posted a negative

Gross Domestic Product Fourth Quarter and Annual 2015

Department of Statistics

Department of Economic Planning and Development

Prime Minister’s Office

BRUNEI DARUSSALAM

www.depd.gov.bn

JPKE, Brunei Darussalam 1

Quarterly Gross Domestic Product Q4 2015

Brunei Darussalam’s Gross Domestic Product (GDP) posted a negative growth of 0.5

per cent in the fourth quarter of 2015 (Q4 2015) at constant 2010 prices (Table 1 and Chart

1).

GDP at current prices was estimated at BND 4,274.0 million in Q4 2015, a decrease of

BND 47.7 million from Q3 2015.

Table 1: GDP at Current and Constant Prices, 2014 - 2015

2014 2015

Q1r Q2r Q3r Q4r Q1r Q2r Q3r Q4

Value (BND million)

Current Price 5,738.0 5,490.6 5,216.3 5,249.7 4,655.3 4,526.0 4,321.7 4,274.0

Constant Price 4,776.5 4,664.0 4,564.5 4,695.7 4,528.8 4,722.9 4,672.1 4,674.3

Year-on-Year Growth Rate (%)

Constant Prices (5.9) (3.0) (0.4) 0.2 (5.2) 1.3 2.4 (0.5)

r – revised estimates

Chart 1: GDP Values and Growth Rate at Current Prices and Constant Prices, 2014 - 2015

(15.0)

(10.0)

(5.0)

-

5.0

10.0

15.0

20.0

25.0

30.0

-

2,000.0

4,000.0

6,000.0

8,000.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Gross Domestic Product

Value atCurrentPrices

Value atConstantPrices

Growth Rateat ConstantPrices

2014 2015

BND Million %

2 JPKE, Brunei Darussalam


GDP by Production

A. Oil & Gas and Non-Oil & Gas Sector

In Q4 2015, the Oil & Gas sector has declined by 0.2 per cent at constant prices. This was due

to the negative growth of Oil & Gas mining by 1.2 per cent (Appendix 2). Although the oil

production has increased to 125.5 thousand barrel per day in Q4 2015 from 123.7 thousand

barrel per day in Q4 2014, the decrease in other mining activities including support services

to mining attributed to the decline to the overall Oil & Gas sector. Beside the increase in Oil

production, LNG manufacturing also recorded a growth from 870.7 thousand MMbtu per day

in Q4 2014 to 894.1 thousand MMbtu per day in Q4 2015.

At current prices, this sector’s contribution to the total Gross Value Added (GVA) was about

52.4 per cent in Q4 2015. The GVA of this sector was estimated at BND 2,282.1 million in Q4

2015 compared to BND 2,410.5 million in Q3 2015. The fall in value of GDP at current prices

was due to the fall in the world’s oil price which was from USD 79.65 per barrel in Q4 2014 to

USD 44.12 per barrel in Q4 2015.

Table 2: GVA by Oil & Gas Sector and Non-Oil & Gas Sector at Current and Constant Prices

Sector Q4 2014 Q3 2015 Q4 2015 Value at Current Prices (BND Million)

Oil & Gas 3,186.3 2,410.5 2,282.1 Non-Oil & Gas 2,116.3 1,988.1 2,073.9 Total GVA 5,249.7 4,321.7 4,274.0 Contribution at Current Prices (%) Oil & Gas 60.1 54.8 52.4 Non-Oil & Gas 39.9 45.2 47.6 Total 100.0 100.0 100.0

Value at Constant Prices (BND Million) Oil & Gas 2,731.2 2,757.0 2,724.7 Non-Oil & Gas 2,053.2 2,003.4 2,037.9 Total GVA 4,695.7 4,672.1 4,674.3 Year-on-year Growth Rate at Constant Prices (%)

Oil & Gas (1.6) 6.6 (0.2) Non-Oil & Gas 2.7 (3.0) (0.7) Total 0.2 2.4 (0.5)



The Non-Oil & Gas sector has decreased by 0.7 per cent in Q4 2015 after a decrease of 3.0 per

cent in Q3 2015. At current prices, this sector was estimated at BND 2,073.9 million compared

to BND 1,988.1 million in Q3 2015. This sector contributed 47.6 per cent to the total GVA.

B. Kind of Economic Activities

The Agriculture, Forestry & Fishery sector

In Q4 2015, this sector grew by 2.5 per cent due to the increase in Fishery by 15.5 per cent

and Livestock and poultry by 3.3 per cent. At current prices, the Agriculture, Forestry & Fishery

sector was valued at BND 43.2 million in Q4 2015, accounting for about 1.0 per cent to the

total GVA (Appendix 1 & 2).

The Industrial Sector

The Industrial sector declined in this quarter by 0.5 per cent after an increase of 6.2 per cent

in Q3 2015. This was mainly due to the decrease in the Other manufacturing by 12.6 per cent,

Construction by 7.4 per cent and Oil & Gas mining by 1.2 per cent. However, other activities

in this sector that posted positive growths are Manufacture of wearing apparel & textiles at

21.6 per cent, Manufacture of food and beverage products at 8.9 per cent, Electricity and

water at 3.2 per cent, followed by Manufacture of LNG and methanol at 3.0 per cent. At

current prices, this sector was valued at BND 2,462.2 million, a decrease of BND 188.6 million

from the Q3 2015 value.

The Services Sector

Services sector has declined in this quarter by 0.4 per cent. This was due to the decrease in

Hotels by 37.6 per cent, followed by Other transport services by 21.6 per cent and Finance by

12.3 per cent. At current prices, services sector was valued at BND 1,850.5 million and

contributed 42.5 per cent to the total GVA in Q4 2015.



GDP by Expenditure

The Government Final Consumption Expenditure (GFCE) posted a decrease of 5.8 per cent at

constant prices after a decrease of 5.6 per cent in Q3 2015. The value of GFCE at current prices

was BND 1,185.8 million in this quarter which was an increase of BND 167.9 million from Q3

2015. GFCE contributed 27.7 per cent to the total GDP (Appendix 3 & 4).

Household Final Consumption Expenditure (HFCE) has increased by 4.2 per cent after an

increase of 2.8 per cent in Q3 2015 at constant price. With a total value of BND 849.5 million

at current prices, HFCE contributed 19.9 per cent to the total GDP.

Gross Capital Formation (GCF) posted a negative growth of 21.3 per cent at constant price in

Q4 2015 after an increase of 18.3 per cent in Q3 2015. The contraction in Q4 2015 was due to

the decline of Machinery by 29.9 per cent and Construction by 7.3 per cent. At current prices,

GCF was estimated at BND 1,225.0 million, contributing 28.7 per cent to the total GDP.

Exports of goods and services posted a growth of 1.2 per cent due to the increase in Exports

of services by 17.9 per cent. Meanwhile, Imports has declined by 21.5 per cent due to the

decrease in the Imports of goods by 22.6 per cent and Imports of services by 19.1 per cent.

Chart 2: GDP Growth Rate by Expenditure, 2014 -2015

(70.0)

(60.0)

(50.0)

(40.0)

(30.0)

(20.0)

(10.0)

0.0

10.0

20.0

30.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Government final consumptionexpenditure

Household final consumptionexpenditure

Gross capital formation

Exports of goods and services

Imports of goods and services

Gross domestic product

2014 2015

%



The Economy, 2015

For the whole year of 2015, GDP registered a decline of 0.6 per cent. At current prices, GDP

was estimated at BND 17.8 billion in 2015 compared to BND 21.7 billion in 2014.

The Agriculture, Forestry & Fishery sector grew by 6.4 per cent due to the increase in Fishery

by 19.1 per cent and Vegetables, fruits & other agriculture by 9.7 per cent. In 2015, the

Agriculture, Forestry & Fishery sector at current prices was valued at BND 196.1 million in

2015 and contributed 1.1 per cent to the total GVA.

The Industry sector posted a slight decrease of less than 0.05 per cent due to the decline of

the oil and gas mining activity by 1.1 per cent and Other manufacturing by 2.8 per cent. At

current prices, this sector was valued at BND 10.9 billion and contributed about 60.2 per cent

to the total GVA.

The Services sector also declined by 1.6 per cent in 2015 mainly attributed to the decrease of

Other transport services activity by 15.6 per cent, Hotels by 14.4 per cent and Business

services by 9.1 per cent. At current prices, the Services sector was valued at BND 7.0 billion

and contributed 38.7 per cent to the total GVA in 2015.

Meanwhile GDP by expenditure approach posted an increase to the Gross Capital Formation

(GCF) by 6.6 per cent, followed by Household Final Consumption Expenditure (HFCE) 5.2 per

cent. However, Imports of goods and services posted a decline of 11.7 per cent, followed by

Exports of goods and services by 10.8 per cent and Government Final Consumption

Expenditure (GFCE) by 3.6 per cent.



Notes: 1) The new GDP series with 2010 as the base year has been released to replace the 2000-

based series.

2) This Q4 2015 report includes revised estimates of the previous quarters. 3) The quarterly GDP is compiled by both the production and expenditure approaches at

current (nominal) and constant (real) prices. 4) Under the production approach, GDP is the sum of the value-added of the various

industries in the economy plus taxes on products minus subsidies on products. Gross Value Added (GVA) is calculated for every economic activity and then summed up to obtain the total GVA at basic prices for the whole economy. GVA cannot be measured at purchasers’ prices, as GVA is from the producers’ perspective. At the same time, GDP cannot be measured at basic prices, it is always at purchasers’ prices, as GDP is an expenditure concept and expenditures are incurred only at purchasers’ or market prices. In order to bring the GVA to GDP, the relevant taxes and subsidies need to be included on the total GVA.

GDP = ∑ GVA at basic prices + Taxes on Production – Subsidies on Products

5) GDP by expenditure is the sum of household final consumption expenditure (HFCE),

government final consumption expenditure (GFCE), capital formation or investment (I) and exports (X) less imports (M) of goods and services

GDP = HFCE + GFCE + I + X - M

6) A statistical discrepancy (SD) is added to the GDP by expenditure to record the difference between the GDP values obtained from the production and expenditure approaches, since GDP from production approach is treated as the firmer estimate of GDP.

7) The quarterly GDP series is not seasonally-adjusted and all growth rates are computed on a year-on-year basis, i.e. the current quarter compared to the same quarter in the previous year.

________________________________

Appendix

______________________________

Annual Q1 Q2 Q3 Q4 Annual Q1 Q2 Q3 Q4 Annual Q1 Q2 Q3 Q4 Annual Q1 Q2 Q3 Q4

186.9 46.8 50.8 46.1 43.1 196.1 52.1 51.0 49.8 43.2 0.8 0.8 0.9 0.9 0.8 1.1 1.1 1.1 1.1 1.0

Vegetables, fruits & other agriculture 24.3 5.9 4.5 7.5 6.3 26.1 7.6 4.9 8.5 5.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.2 0.1

Livestock and poultry 64.4 16.6 15.3 16.8 15.6 63.0 15.4 15.0 17.0 15.7 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4

Forestry 38.5 9.4 10.9 8.6 9.5 33.5 8.0 8.3 8.6 8.5 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2

Fishery 59.8 14.9 20.0 13.1 11.7 73.6 21.1 22.8 15.7 14.0 0.3 0.3 0.4 0.2 0.2 0.4 0.4 0.5 0.4 0.3

14,698.7 4,043.4 3,828.1 3,453.3 3,373.9 10,909.1 2,959.4 2,836.7 2,650.8 2,462.2 66.7 69.0 68.5 65.4 63.6 60.2 62.3 61.5 60.3 56.5

Oil and gas mining 10,634.8 2,943.5 2,805.2 2,506.1 2,380.0 7,737.0 2,060.0 2,062.3 1,869.3 1,745.5 48.3 50.3 50.2 47.4 44.9 42.7 43.4 44.7 42.5 40.1

Manufacture of liquefied natural gas and methanol3,295.5 938.2 838.3 712.6 806.3 2,382.7 737.2 567.8 541.3 536.5 15.0 16.0 15.0 13.5 15.2 13.2 15.5 12.3 12.3 12.3

Manufacture of wearing apparel & textiles 35.9 8.0 10.0 11.2 6.8 35.9 7.8 9.7 10.4 8.0 0.2 0.1 0.2 0.2 0.1 0.2 0.2 0.2 0.2 0.2

Manufacture of food and beverage products 28.6 6.1 8.8 8.0 5.7 29.4 5.5 9.5 8.1 6.3 0.1 0.1 0.2 0.2 0.1 0.2 0.1 0.2 0.2 0.1

Other manufacturing 134.0 25.7 39.0 28.7 40.6 134.7 26.6 41.2 30.5 36.4 0.6 0.4 0.7 0.5 0.8 0.7 0.6 0.9 0.7 0.8

Electricity and water 144.5 29.9 36.4 34.9 43.3 148.3 31.5 37.3 35.0 44.5 0.7 0.5 0.7 0.7 0.8 0.8 0.7 0.8 0.8 1.0

Construction 425.5 92.1 90.4 151.9 91.1 441.1 90.8 109.1 156.3 84.9 1.9 1.6 1.6 2.9 1.7 2.4 1.9 2.4 3.6 1.9

7,144.5 1,766.0 1,708.8 1,784.1 1,885.7 7,008.9 1,736.5 1,723.9 1,698.0 1,850.5 32.4 30.2 30.6 33.8 35.6 38.7 36.6 37.4 38.6 42.5

Wholesale and retail trade 916.0 255.9 246.1 214.9 199.1 900.0 239.7 254.7 211.9 193.7 4.2 4.4 4.4 4.1 3.8 5.0 5.0 5.5 4.8 4.4

Land transport 13.8 4.2 4.9 2.1 2.6 12.9 3.7 4.3 1.8 3.0 0.1 0.1 0.1 0.0 0.0 0.1 0.1 0.1 0.0 0.1

Water transport 170.0 18.0 30.6 65.5 55.8 163.2 17.7 31.0 55.8 58.7 0.8 0.3 0.5 1.2 1.1 0.9 0.4 0.7 1.3 1.3

Air transport 49.6 8.2 14.1 12.1 15.1 50.8 8.9 13.6 12.4 15.9 0.2 0.1 0.3 0.2 0.3 0.3 0.2 0.3 0.3 0.4

Other transport services 137.3 36.9 40.1 31.0 29.3 111.2 31.9 33.8 24.0 21.5 0.6 0.6 0.7 0.6 0.6 0.6 0.7 0.7 0.5 0.5

Communication 280.5 67.5 70.7 83.9 58.4 258.4 64.6 68.1 75.7 50.0 1.3 1.2 1.3 1.6 1.1 1.4 1.4 1.5 1.7 1.1

Finance 935.5 216.0 232.7 212.2 274.6 922.9 205.9 254.5 217.0 245.5 4.2 3.7 4.2 4.0 5.2 5.1 4.3 5.5 4.9 5.6

Real estate & ownership of dwellings 668.4 167.5 166.1 167.2 167.6 737.9 183.3 187.9 183.4 183.4 3.0 2.9 3.0 3.2 3.2 4.1 3.9 4.1 4.2 4.2

Hotels 23.2 8.8 7.3 6.0 1.2 21.2 7.9 6.6 6.0 0.7 0.1 0.1 0.1 0.1 0.0 0.1 0.2 0.1 0.1 0.0

Restaurants 161.4 42.5 39.2 40.7 39.1 162.8 43.0 39.6 42.2 38.0 0.7 0.7 0.7 0.8 0.7 0.9 0.9 0.9 1.0 0.9

Health services 269.0 60.6 60.8 65.7 81.8 267.0 64.7 49.4 69.1 83.7 1.2 1.0 1.1 1.2 1.5 1.5 1.4 1.1 1.6 1.9

Education services 571.9 134.6 138.6 137.1 161.6 637.1 180.0 138.5 140.4 178.2 2.6 2.3 2.5 2.6 3.0 3.5 3.8 3.0 3.2 4.1

Business services 489.7 157.6 100.5 126.0 105.6 443.4 153.3 93.1 99.3 97.6 2.2 2.7 1.8 2.4 2.0 2.4 3.2 2.0 2.3 2.2

Domestic services 74.9 18.5 18.7 18.8 18.9 76.1 18.9 19.0 19.0 19.2 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.4 0.4

Other private services 110.7 26.5 28.2 26.6 29.4 108.1 23.5 25.9 25.8 32.9 0.5 0.5 0.5 0.5 0.6 0.6 0.5 0.6 0.6 0.8

Government Services/Public Administration 2,272.5 542.6 510.3 574.3 645.4 2,135.9 489.6 503.9 514.1 628.3 10.3 9.3 9.1 10.9 12.2 11.8 10.3 10.9 11.7 14.4

22,030.1 5,856.3 5,587.7 5,283.5 5,302.7 18,114.1 4,747.9 4,611.6 4,398.7 4,355.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

(335.5) (118.2) (97.1) (67.2) (53.0) (337.1) (92.6) (85.6) (77.0) (82.0)

21,694.7 5,738.0 5,490.6 5,216.3 5,249.7 17,776.9 4,655.3 4,526.0 4,321.7 4,274.0Gross domestic product

Appendix 1: Quarterly Gross Domestic Product by Kind of Economic Activity at Current Price, 2014 - 2015

Agriculture, Forestry and Fishery

Industry

Services

Industry

Gross value added at basic prices

Taxes less subsidies on products

Value (BND Million) Share in GVA (%)

2014 2015 2014 2015

Source: Jabatan Perancangan dan Kemajuan Ekonomi (JPKE) 7


149.3 36.4 39.3 38.3 35.4 158.9 40.7 39.8 42.0 36.3 4.7 1.2 5.6 9.0 3.1 6.4 12.0 1.4 9.8 2.5

Vegetables, fruits & other agriculture 21.2 5.5 4.1 6.0 5.6 23.3 7.0 4.6 7.0 4.6 10.3 (6.3) (16.5) 49.8 25.7 9.7 28.8 11.9 16.9 (18.1)

Livestock and poultry 62.0 15.9 15.4 16.6 14.1 61.8 14.7 15.0 17.5 14.6 5.1 10.7 1.0 9.4 (0.7) (0.4) (7.4) (2.6) 5.2 3.3

Forestry 15.7 3.9 4.4 3.5 3.9 13.8 3.3 3.5 3.5 3.5 (3.8) (7.9) 2.5 (16.7) 8.6 (12.0) (14.3) (21.4) (0.4) (9.4)

Fishery 50.4 11.1 15.4 12.1 11.8 60.0 15.6 16.8 14.0 13.6 4.9 (3.4) 20.7 3.7 (2.5) 19.1 40.8 9.0 15.4 15.5

11,790.0 3,044.3 2,998.5 2,828.4 2,918.9 11,786.0 2,831.0 3,046.8 3,004.7 2,903.4 (4.4) (8.9) (4.6) (2.1) (1.1) (0.0) (7.0) 1.6 6.2 (0.5)

Oil and gas mining 8,537.3 2,198.5 2,180.1 2,035.9 2,122.8 8,444.4 2,036.1 2,185.2 2,125.0 2,098.0 (2.6) (8.4) (1.6) 1.2 (0.7) (1.1) (7.4) 0.2 4.4 (1.2)

Manufacture of liquefied natural gas and methanol2,462.2 677.0 627.4 549.4 608.3 2,528.5 623.8 646.1 631.9 626.7 (7.5) (8.5) (6.1) (10.8) (4.6) 2.7 (7.9) 3.0 15.0 3.0

Manufacture of wearing apparel & textiles 37.5 8.4 10.3 11.7 7.2 38.6 8.7 10.2 10.9 8.8 7.0 1.5 14.3 11.0 (1.7) 3.0 3.7 (0.0) (6.4) 21.6

Manufacture of food and beverage products 28.6 6.1 8.8 8.0 5.7 29.2 5.5 9.4 8.0 6.2 (6.4) (9.8) (2.1) (3.6) (12.2) 2.1 (9.3) 7.2 0.3 8.9

Other manufacturing 142.2 28.9 40.8 30.1 42.3 138.2 27.4 42.3 31.5 37.0 3.7 (10.6) 5.0 (6.6) 25.6 (2.8) (5.0) 3.5 4.6 (12.6)

Electricity and water 148.3 32.7 39.7 38.2 37.7 152.4 34.4 40.6 38.5 38.9 4.5 (3.5) 7.5 6.7 6.8 2.8 5.2 2.3 0.7 3.2

Construction 434.0 92.7 91.5 155.1 94.7 454.7 95.1 113.0 158.8 87.7 (22.0) (23.2) (45.3) (11.4) 1.7 4.8 2.6 23.6 2.4 (7.4)

7,115.2 1,786.2 1,714.8 1,784.1 1,830.1 7,004.7 1,742.7 1,725.5 1,713.6 1,822.9 1.0 (0.5) (0.1) 2.4 2.3 (1.6) (2.4) 0.6 (4.0) (0.4)

Wholesale and retail trade 917.0 256.7 245.8 214.8 199.7 925.2 245.5 260.6 218.7 200.4 (1.7) 1.8 0.2 (11.2) 3.0 0.9 (4.4) 6.0 1.8 0.4

Land transport 13.8 4.2 4.9 2.1 2.6 12.9 3.7 4.3 1.8 3.1 (2.8) 30.9 4.6 (17.1) (31.5) (6.7) (12.9) (12.4) (10.8) 17.7

Water transport 170.0 18.0 30.6 65.5 55.8 164.8 17.7 31.0 56.2 59.9 (11.6) (24.3) (30.6) (2.3) (2.5) (3.1) (2.0) 1.4 (14.3) 7.2

Air transport 64.7 14.3 17.3 16.0 17.1 76.1 14.6 18.7 20.2 22.6 (2.5) (18.0) 10.3 (1.5) 1.0 17.6 1.6 8.5 25.9 32.4

Other transport services 132.5 37.0 38.9 29.8 26.8 111.8 31.7 34.6 24.5 21.0 5.5 14.5 (4.5) 6.6 9.1 (15.6) (14.4) (11.0) (17.8) (21.6)

Communication 276.1 67.5 70.7 81.3 56.6 281.2 62.6 66.1 88.4 64.1 (3.4) (8.1) (7.6) 0.8 2.8 1.9 (7.3) (6.5) 8.8 13.3

Finance 935.4 235.9 245.2 220.0 234.4 909.4 220.4 263.4 220.0 205.5 2.6 (8.1) 5.3 1.6 14.0 (2.8) (6.6) 7.5 0.0 (12.3)

Real estate & ownership of dwellings 679.0 168.5 169.3 170.4 170.8 698.7 173.2 177.5 173.6 174.3 2.2 2.2 2.5 2.3 2.0 2.9 2.7 4.9 1.9 2.1

Hotels 24.3 9.1 7.6 6.3 1.2 20.8 7.9 6.5 5.6 0.8 (16.0) (5.0) (16.3) (27.3) (18.2) (14.4) (12.9) (15.4) (10.8) (37.6)

Restaurants 157.6 41.6 38.3 39.7 37.9 157.1 41.5 38.2 40.6 36.8 1.8 10.6 0.3 (0.2) (3.1) (0.3) (0.2) (0.3) 2.3 (3.1)

Health services 268.3 61.2 60.5 66.4 80.2 264.4 63.8 48.3 68.0 84.2 6.3 2.7 12.5 9.2 2.5 (1.5) 4.3 (20.0) 2.4 4.9

Education services 544.8 128.2 132.0 130.6 154.0 623.5 175.2 135.8 137.7 174.8 (0.9) (4.5) (0.0) (0.7) 1.4 14.4 36.7 2.9 5.4 13.5

Business services 487.8 157.5 100.0 125.4 104.9 443.4 153.5 93.0 99.4 97.5 (7.3) (1.7) (12.7) (9.1) (7.4) (9.1) (2.6) (7.0) (20.7) (7.1)

Domestic services 74.5 18.5 18.6 18.7 18.8 76.1 18.9 19.0 19.1 19.2 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0

Other private services 106.8 25.6 27.3 25.6 28.3 104.1 22.6 25.0 24.9 31.7 3.8 7.6 (2.0) (0.8) 11.3 (2.5) (12.0) (8.4) (2.8) 12.0

Government Services/Public Administration 2,262.5 542.1 507.9 571.4 641.0 2,135.4 489.9 503.4 514.8 627.2 4.7 2.6 2.1 14.3 0.8 (5.6) (9.6) (0.9) (9.9) (2.1)

19,054.5 4,866.8 4,752.6 4,650.8 4,784.4 18,949.6 4,614.4 4,812.2 4,760.4 4,762.7 (2.3) (5.9) (3.0) (0.4) 0.2 (0.6) (5.2) 1.3 2.4 (0.5)

(353.4) (90.3) (88.1) (86.3) (88.7) (351.5) (85.6) (89.3) (88.3) (88.3)

18,701.1 4,776.5 4,664.4 4,564.5 4,695.7 18,598.1 4,528.8 4,722.9 4,672.1 4,674.3Gross domestic product

Appendix 2: Quarterly Gross Domestic Product by Kind of Economic Activity at Constant 2010 Prices, 2014 - 2015

Industry

Value (BND Million) Growth Rate (%)

2014 2015 2014 2015

Agriculture, Forestry and Fishery

Industry

Services

Gross value added at basic prices

Taxes less subsidies on products



Government final consumption expenditure 4,639.8 1,329.3 959.7 1,084.9 1,265.9 4,455.5 1,267.5 984.3 1,017.9 1,185.8 21.4 23.2 17.5 20.8 24.1 25.1 27.2 21.7 23.6 27.7

Household final consumption expenditure 3,379.7 779.5 793.1 935.2 871.9 3,517.6 876.9 844.6 946.5 849.5 15.6 13.6 14.4 17.9 16.6 19.8 18.8 18.7 21.9 19.9

Gross capital formation 5,944.9 1,080.0 1,298.8 2,002.9 1,563.2 6,266.3 1,227.3 1,454.7 2,359.3 1,225.0 27.4 18.8 23.7 38.4 29.8 35.2 26.4 32.1 54.6 28.7

Gross fixed capital formation 5,909.5 1,071.6 1,290.3 1,994.0 1,553.6 6,227.3 1,217.7 1,445.1 2,349.4 1,215.1 27.2 18.7 23.5 38.2 29.6 35.0 26.2 31.9 54.4 28.4

Construction 2,395.7 654.5 461.8 705.9 573.5 2,463.4 645.7 557.3 726.4 534.0 11.0 11.4 8.4 13.5 10.9 13.9 13.9 12.3 16.8 12.5

Machinery 3,513.7 417.0 828.6 1,288.1 980.1 3,763.9 572.0 887.7 1,623.0 681.1 16.2 7.3 15.1 24.7 18.7 21.2 12.3 19.6 37.6 15.9

Change in inventories 35.4 8.5 8.5 8.9 9.6 39.0 9.6 9.6 9.9 9.9 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2

Exports of goods and services 14,886.7 4,725.8 3,691.8 3,483.6 2,985.4 9,282.4 2,705.6 2,424.3 2,072.3 2,080.3 68.6 82.4 67.2 66.8 56.9 52.2 58.1 53.6 48.0 48.7

Goods 14,103.1 4,573.5 3,515.0 3,273.9 2,740.7 8,399.0 2,533.9 2,252.3 1,819.5 1,793.3 65.0 79.7 64.0 62.8 52.2 47.2 54.4 49.8 42.1 42.0

Services 783.6 152.3 176.9 209.7 244.7 883.4 171.7 171.9 252.8 287.0 3.6 2.7 3.2 4.0 4.7 5.0 3.7 3.8 5.8 6.7

Imports of goods and services 6,639.5 1,065.7 1,618.1 2,007.0 1,948.8 5,811.4 1,209.9 1,543.2 1,538.8 1,519.5 30.6 18.6 29.5 38.5 37.1 32.7 26.0 34.1 35.6 35.6

Goods 4,644.8 675.6 1,189.4 1,471.0 1,308.8 4,165.9 901.7 1,174.1 1,085.9 1,004.1 21.4 11.8 21.7 28.2 24.9 23.4 19.4 25.9 25.1 23.5

Services 1,994.7 390.1 428.8 535.9 639.9 1,645.5 308.2 369.1 452.9 515.3 9.2 6.8 7.8 10.3 12.2 9.3 6.6 8.2 10.5 12.1

Statistical discrepancy (516.9) (1,110.9) 365.2 (283.3) 512.1 66.5 (212.1) 361.4 (535.5) 452.8 (2.4) (19.4) 6.7 (5.4) 9.8 0.4 (4.6) 8.0 (12.4) 10.6

Gross domestic product 21,694.7 5,738.0 5,490.6 5,216.3 5,249.7 17,776.9 4,655.3 4,526.0 4,321.7 4,274.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

2014 2015

Appendix 3: Quarterly Gross Domestic Product by Kind of Economic Activity at Current Price, 2014 - 2015

Expenditure

Value (BND Million) Share in GVA (%)

2014 2015



Government final consumption expenditure 4,620.0 1,328.2 955.3 1,079.4 1,257.1 4,454.5 1,268.3 983.3 1,019.2 1,183.7 1.9 (1.4) 1.1 5.4 3.0 (3.6) (4.5) 2.9 (5.6) (5.8)

Household final consumption expenditure 3,235.7 737.6 778.8 903.7 815.6 3,402.8 806.4 817.2 929.0 850.2 (3.1) (15.0) (1.6) 5.0 (0.6) 5.2 9.3 4.9 2.8 4.2

Gross capital formation 6,022.1 1,089.1 1,308.8 2,028.8 1,595.2 6,416.6 1,270.8 1,489.2 2,400.7 1,255.9 (31.2) (55.9) (34.8) (11.9) (19.0) 6.6 16.7 13.8 18.3 (21.3)

Gross fixed capital formation 5,986.3 1,080.6 1,300.3 2,019.9 1,585.5 6,376.9 1,261.0 1,479.5 2,390.6 1,245.8 (31.3) (56.1) (34.9) (12.0) (19.2) 6.5 16.7 13.8 18.4 (21.4)

Construction 2,443.3 660.4 467.8 720.8 594.3 2,544.2 677.3 578.1 738.1 550.8 (19.6) (14.8) (43.4) (15.3) 1.1 4.1 2.6 23.6 2.4 (7.3)

Machinery 3,543.0 420.2 832.5 1,299.1 991.2 3,832.7 583.8 901.4 1,652.4 695.1 (37.6) (75.1) (29.0) (10.1) (27.8) 8.2 38.9 8.3 27.2 (29.9)

Change in inventories 35.7 8.5 8.5 9.0 9.7 39.7 9.8 9.7 10.1 10.1 16.9 22.6 15.4 15.0 15.4 11.2 14.6 14.1 12.7 4.3

Exports of goods and services 11,767.1 3,503.3 2,809.6 2,797.1 2,657.1 10,495.6 2,671.4 2,569.6 2,564.3 2,690.3 0.9 (5.0) (0.4) 9.6 2.0 (10.8) (23.7) (8.5) (8.3) 1.2

Goods 10,987.2 3,351.2 2,633.5 2,588.5 2,414.0 9,612.4 2,499.6 2,397.8 2,311.2 2,403.8 (0.6) (5.5) (1.2) 8.6 (1.8) (12.5) (25.4) (9.0) (10.7) (0.4)

Services 780.0 152.2 176.0 208.7 243.1 883.2 171.8 171.8 253.1 286.5 27.3 7.4 13.2 23.7 65.4 13.2 12.9 (2.4) 21.3 17.9

Imports of goods and services 6,668.8 1,070.5 1,621.8 2,016.9 1,959.6 5,887.8 1,228.6 1,561.0 1,559.1 1,539.1 (30.9) (65.0) (24.7) (2.6) (17.4) (11.7) 14.8 (3.7) (22.7) (21.5)

Goods 4,683.4 680.7 1,195.0 1,483.6 1,324.0 4,242.7 920.3 1,192.2 1,105.6 1,024.7 (23.2) (66.9) (7.5) 22.6 (14.0) (9.4) 35.2 (0.2) (25.5) (22.6)

Services 1,985.4 389.8 426.8 533.3 635.5 1,645.1 308.4 368.8 453.5 514.4 (44.1) (61.0) (50.5) (38.0) (23.6) (17.1) (20.9) (13.6) (15.0) (19.1)

Statistical discrepancy (275.0) (811.2) 433.7 (227.7) 330.2 (283.5) (259.5) 424.6 (682.1) 233.4

Gross domestic product 18,701.1 4,776.5 4,664.4 4,564.5 4,695.7 18,598.1 4,528.8 4,722.9 4,672.1 4,674.3 (2.3) (5.9) (3.0) (0.4) 0.2 (0.6) (5.2) 1.3 2.4 (0.5)

Appendix 4: Quarterly Gross Domestic Product by Kind of Economic Activity at Constant 2010 Prices, 2014 - 2015

Expenditure

Value (BND Million) Growth Rate (%)

2014 2015 2014 2015
