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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.

 
 
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Central bank

Central Bank of Timor-Leste

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International Reserves

USD 0.4 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

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Gross Domestic Product - GDP

USD 2.7 billion (2017, estimate)

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GDP (Purchasing Power Parity)

Intl$ 4.6 billion (2017, estimate)

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Real GDP growth
2006 2007 2008 2009 2010 2011 2012
-5.9% 11.5% 14.2% 13% 10.2% 8.3% 5.8%
2013 2014 2015* 2016* 2017*    
2.9% 5.9% 4.3% 5% 5.5%    

*Estimate

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GDP per capita - current prices

USD 2,208.3 (2017, estimate)

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GDP per capita - PPP

Intl$ 3,804.8 (2017, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A 0.00% 0.01% 0.004%

*Estimate

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GDP - composition by sector
  • agriculture: 7.5% 
  • industry: 68% 
  • services: 24.4%

(2016 estimate)

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

N/A

 

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Inflation
2013 2014 2015 2016* 2017*
9.5% 0.7% 0.6% -0.6% 1.3%

*Estimate

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Unemployment rate
2013 2014 2015 2016 2017
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)
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
41.8% 22.2% 3.8% -17.7% -18%

*Estimate   

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Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

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Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
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Largest companies

N/A

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Current account balance

USD -0.3 billion (2017 estimate)

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Current account balance by percentage of GDP

-11.6% (2017 estimate)

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

5.8% (2014)

 

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Shares in world total merchandising export

0.0% (2015)

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Shares in world total commercial services export

0.001% (2015)

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Total exports

USD 18.0 million (2015 estimate)

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Export commodities

Oil, coffee, sandalwood, marble (note: potential for vanilla exports)​

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Total imports

USD 0.6 billion (2015 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
2013 2014 2015
USD 50 million USD 49 million USD 43 million
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FDI outflows
2013 2014 2015
USD 13 million USD 13 million USD 13 million
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Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
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: 175 out of 190 countries (2017)

Subcategories:

Starting a business: 145 out of 190 countries

Enforcing Contracts: 190 out of 190 countries

Registering Property: 187 out of 190 countries

Getting Credit: 167 out of 190 countries

Protecting Minority Investors: 70 out of 190 countries

Trading Across Borders: 94 out of 190 countries

Paying Taxes: 130 out of 190 countries

Dealing with Construction Permits: 159 out of 190 countries

Getting Electricity: 112 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 167 / Score: 45.76 (Repressed) (2016)

(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 

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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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