Browse a full set of economic indicators

Timor-Leste

Includes Timor-Leste real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Timor-Leste economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Timor-Leste best banks and safest banks are also available.

Basic Information

Government Type: Semi-presidential republic

Capital City: Dili

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Central Bank of Timor-Leste
Currency US Dollar (USD)
International Reserves USD 0.7 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product – GDP USD 3.1 billion (2018, estimate)
GDP (Purchasing Power Parity) Intl$ 6.7 billion (2018, estimate)

GDP Data

Real GDP growth 2007 9.8%
2008 11.4%
2009 9.9%
2010 8.5%
2011 7.7%
2012 5.5%
2013 2.5%
2014 4.1%
2015 4%
2016* 5.3%
2017* -4.6%
2018* 0.8%

*Estimate
GDP per capita – current prices USD 2,435.1 (2018, estimate)
GDP per capita – PPP Intl$ 5,241.8 (2018, estimate)
GDP (PPP) – share of world total 1980 N/A
1990 N/A
2000 0.00%
2010 0.01%
2019* 0.005%
GDP – composition by sector agriculture: 10.4%
industry: 45.8%
services: 44.1%
(2017 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2015 0.6%
2016 -1.5%
2017 0.5%
2018* 2.3%
2019* 2.5%

*Estimate

Timor-Leste

Sorry, no posts matched your criteria.

Inflation & Debt

Inflation 2015 0.6%
2016 -1.5%
2017 0.5%
2018* 2.3%
2019* 2.5%

*Estimate
Government Bond Ratings
Standard & Poor’s: N/A

Moody’s: N/A

Standard & Poor’s / Moody’s
Unemployment rate 2015 N/A
2016 N/A
2017 N/A
2018* N/A
2019* N/A

*Estimate
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2015 1.5%
2016 3.1%
2017 4.3%
2018* 6.1%
2019* N/A

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2015 -17.1%
2016 -35.3%
2017 -20.9%
2018* -15.%
2019* -24.3%

*Estimate

Market value of publicly traded shares 2016 N/A
2017 N/A
2018 N/A
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 61.1% (2017)
Shares in world total merchandising export 0.0002% (2018)
Shares in world total commercial services export 0.004% (2018)
Total exports USD 241.3 million (2018 estimate)

Export commodities Oil, coffee, sandalwood, marble
Total imports USD 1.1 billion (2018 estimate)
Import commodities Food, gasoline, kerosene, machinery
Exports – major partners N/A
Imports – major partners N/A

Competitiveness & Trade

Current account balance USD -0.2 billion (2018 estimate)
Current account balance by percentage of GDP -7.0 % (2018 estimate)
FDI inflows 2016 USD 5.5 million
2017 USD 6.7 million
2018 USD 47.9 million
FDI Outflows 2016 USD 13 million
2017 N/A
2018 N/A
Value of cross-border M&A, by country of purchaser 2015 N/A
2016 N/A
2017 N/A
2018 N/A


United Nations Conference on Trade and Development (UNCTAD) – World Investment Report
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

181 out of 190 countries

Subcategories:
Starting a Business: 68 out of 190 countries
Dealing with Construction Permits: 159 out of 190 countries
Getting Electricity: 126 out of 190 countries
Registering Property: 187 out of 190 countries
Getting Credit: 173 out of 190 countries
Protecting Minority Investors: 157 out of 190 countries
Paying Taxes: 136 out of 190 countries
Trading across Borders: 107 out of 190 countries
Enforcing Contracts: 190 out of 190 countries
Resolving Insolvency: 168 out of 190 countries
Global competitiveness ranking N/A
Index of Economic Freedom
Ranking: 172 / Score: 44.2 (Repressed)

(100=totally free 0=totally repressed)

Population & Geographic Data

Total Area 14,874 sq km
Total Population 1990 N/A
2000 0.9 Million
2010 1.06 Million
2015 1.19 Million
2020 1.33 Million
Urban population as % of total population 1960 10.1%
1980 16.5%
2000 24.3%
2018 30.6%
Population median age 19.1 years
Population growth rate 2.32% (2018 estimate)
Life expectancy 68.7 years (2018 estimate)
% of population living on less than $3.10 a day 73.3% (last available estimate, 2014)
Inequality of wealth distribution (Gini index) 28.7 (last available estimate, 2014)
Freedom House rating Free
Political Rights: 2
Civil Liberties: 3 (2019)
(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population Fixed: 0.2%

Mobile: 103.2%

(2018)

(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 27.49 % (2017)

Language & Religon

Languages TTetun Prasa 30.6%, Mambai 16.6%, Makasai 10.5%, Tetun Terik 6.1%, Baikenu 5.9%, Kemak 5.8%, Bunak 5.5%, Tokodede 4%, Fataluku 3.5%, Waima’a 1.8%, Galoli 1.4%, Naueti 1.4%, Idate 1.2%, Midiki 1.2%, other 4.5%
Literacy Total population: 67.5%
Male: 71.5%
Female: 63.4%
Definition: age 15 and over can read and write (2015 est.)
Religions Roman Catholic 97.6%, Protestant/Evangelical 2%, Muslim 0.2%, other 0.2% (2015 est.)

World Rankings

Population 1.33 million
Mercer Cost of living index N/A
C02 Emissions per capita 0.4 metric tons per capita (2014)

Global Finance Rankings & Awards: Timor-Leste

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

arrow-chevron-right-redarrow-chevron-rightbutton-arrow-left-greybutton-arrow-left-red-400button-arrow-left-red-500button-arrow-left-red-600button-arrow-left-whitebutton-arrow-right-greybutton-arrow-right-red-400button-arrow-right-red-500button-arrow-right-red-600button-arrow-right-whitecaret-downcaret-rightclosecloseemailfacebook-square-holdfacebookhamburger-newhamburgerinstagramlinkedin-square-1linkedinpauseplaysearch-outlinesearchsubscribe-digitalsubscribe-printtwitter-square-holdtwitteryoutube