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