Brunei's unemployment rate shows variability, with significant peaks driven by its reliance on oil and gas. The rate increased from 4.7% in 1991 to a high of 9.3% in 2017, reflecting the impact of low oil prices on the labor market. Efforts to diversify the economy into other sectors saw a gradual decrease, with the rate reaching 4.9% by 2021. Despite recent improvements, Brunei faces ongoing challenges in reducing unemployment due to its narrow economic base and limited private-sector growth.
Explore related charts to gain a better understanding of Brunei’s goods export value, Brunei’s industry sector share in GDP, Brunei’s inflation rate forecast.
