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Timor-Leste GDP and Economic Data

Country Report 2017 - 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.

List of countries in the regions listed in the regional table

Central and Eastern Europe Composed of 14 countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Estonia, Hungary, Latvia, Lithuania, Former Yugoslav Republic of Macedonia, Montenegro, Poland, Romania, Serbia and Turkey.   Commonwealth of Independent States Composed of 11 CIS countries: Armenia, ...

 
 
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Central bank

Central Bank of Timor-Leste

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International Reserves

USD 0.7 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

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Gross Domestic Product - GDP

USD 3.1 billion (2018, estimate)

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GDP (Purchasing Power Parity)

Intl$ 6.7 billion (2018, estimate)

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

*Estimate

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GDP per capita - current prices

USD 2,435.1 (2018, estimate)

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GDP per capita - PPP

Intl$ 5,241.8 (2018, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
N/A N/A 0.00% 0.01% 0.005%

*Estimate

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GDP - composition by sector
  • agriculture: 10.4% 
  • industry: 45.8% 
  • services: 44.1%

(2017 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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

*Estimate

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Unemployment rate
2015 2016 2017 2018 2019
N/A N/A N/A N/A N/A

*Estimate

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Household saving rates

N/A

 

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

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017* 2018* 2019*
-17.1% -35.3% -20.9% -15.2% -24.3%

*Estimate   

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Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's 

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

N/A

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Current account balance

USD -0.2 billion (2018 estimate)

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Current account balance by percentage of GDP

-7.0 % (2018 estimate)

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Exports as percent of GDP (Exports of goods and services)

61.1% (2017)

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Shares in world total merchandising export

0.0002% (2018)

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Shares in world total commercial services export

0.004% (2018)

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Total exports

USD 241.3 million (2018 estimate)

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Export commodities

Oil, coffee, sandalwood, marble

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Total imports

USD 1.1 billion (2018 estimate)

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Import commodities

Food, gasoline, kerosene, machinery

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Exports - major partners

N/A

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Imports - major partners

N/A

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FDI inflows
2016 2017 2018
USD 5.5 million USD 6.7 million USD 47.9 million
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FDI outflows
2016 2017 2018
USD 13 million N/A N/A
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Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
N/A N/A N/A N/A
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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

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Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

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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

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 172 / Score: 44.2 (Repressed)

(100=totally free 0=totally repressed)

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Time zone

UTC+9

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Total area

14,874 sq km

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Capital

Dili

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Currency

US Dollar (USD)

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Government type

Semi-presidential republic

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Languages

Tetum (official), Portuguese (official), Indonesian, English

Note: there are about 16 indigenous languages; Tetum, Galole, Mambae, and Kemak are spoken by a significant portion of the population

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Religions

Roman Catholic 96.9%, Protestant/Evangelical 2.2%, Muslim 0.3%, other 0.6% (2005)

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Total population
1990 2000 2010 2016* 2021*
N/A 0.897 million 1.066 million 1.188 million 1.299 million

*Estimate 

Source
 
 
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Urban population as % of total population
1960 1980 2000 2015
10% 17% 24% 33%
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Population median age

18.8 years (2016 estimate)

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Population growth rate

2.39% (2016 estimate)

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Life expectancy

68.1 years (2016 estimate)

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Literacy

Total population: 67.5%
Male: 71.5%
Female: 63.4% (2015 est.)

(age 15 and over can read and write) 

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2017)                         

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

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Total telephone subscribers as % of population

Fixed 0.23%   Mobile 117.40% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

13.4% (2015)

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Mercer Cost of living index

N/A

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CO2 emissions

0.4 (2013)

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