GFmag Online Readers Survey 2012
Timor-Leste


Timor-Leste Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Timor-Leste; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankN/A
International ReservesUS$ 406.188 million (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 709 million (2007 estimate)
GDP (Purchasing Power Parity)3.311 billion of International dollars (2007 estimate)
Real GDP growth
20002001200220032004200520062007
-10.1%21%2.1%-0.1%4.4%6.5%-5.9%9.1%
2008200920102011*
11%12.9%6.1%7.3%

*Estimate

GDP per capita - current pricesUS$ 649 (2007 estimate)
GDP per capita - PPP$3,031 International Dollars (2007 estimate)
GDP (PPP) - share of world total
19801990200020102015**
N/AN/A0%0%0.01%

**Forecast

GDP - composition by sector
  • agriculture: 27% 
  • industry: 18.1% 
  • services: 54.8% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
7.6%(2008)0.1%4.9%6%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
N/AN/AN/AN/AN/A

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
316%430.8%238.2%212.5%202%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in Timor-LesteN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ 1.4 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP196.9% of GDP (2007 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

N/A

(Data released on December 2010)

Shares in world total merchandising exportN/A(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services exportN/A(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsN/A
Export commoditiescoffee, sandalwood, marble; note - potential for oil and vanilla exports
Total importsUS$202 million (2004 estimate)
Import commoditiesfood, gasoline, kerosene, machinery
Exports - major partnersN/A
Imports - major partnersN/A
FDI inflows
200820092010
US$40 millionUS$50 million(2009)US$280 million(2009)
FDI outflows
200820092010
N/AN/AN/A
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 174 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 167 out of 183 countries(2009)

Registering property: 183 out of 183 countries

Paying Taxes: 20 out of 183 countries

Getting credit: 182 out of 183 countries

Protecting investors: 132 out of 183 countries

Trading across border: 91 out of 183 countries

Enforcing Contracts: 183 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)
131

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 170 Score: 42.8 (Repressed) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+9
Total area 14,874 km2 (2006)
CapitalDili (2009)
CurrencyUS Dollar (USD) (2009)
Government typerepublic (2009)
LanguagesTetum (official), Portuguese (official), Indonesian, English
ReligionsRoman Catholic 98%, Muslim 1%, Protestant 1% (2005)
Total population
1980199020002010*2015**
N/AN/A0.84 million1.15 million1.34 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
10.1%16.5%24.3%27.7%
Population median age17.0 years (2006)
Population growth rate3.2% (2009)
Life expectancy61 years (2007)
Adult literacyN/A
% of population living on less than $2 a day72.82% (2011)
Inequality of wealth distribution (Gini index)

31.9 (2007)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

N/A

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

53.63% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population0.21% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

0.1739 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE