National Debt (% of GDP): Brunei Darussalam

Analysis# Brunei Darussalam National Debt (% of GDP) Brunei Darussalam maintains exceptionally low national debt at 2.3% of GDP in 2026, well below its all-time peak of 3.2% recorded in 2014. The country achieved zero debt in 1985, marking the baseline for comparison. Since that year, Brunei's debt trajectory has remained remarkably modest, reflecting the nation's substantial sovereign wealth and fiscal discipline rooted in oil and gas revenues. The period from 2014 to 2022 shows a clear downward trend, declining from the peak to just 2.1% by 2022. Since then, debt has stabilized around 2.3%, suggesting a sustainable equilibrium. Projections through 2030 indicate this level will persist, confirming Brunei's position among the world's least indebted nations and its capacity to manage public finances without fiscal strain.