Timor-Leste: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
| Economic Trivia | Timor-Leste's economy achieved a real growth of 10% per year for the past few years, giving it one of the highest sustained growth rates in the world. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2013): Indonesia, Malaysia, and Singapore |
| Top Industries Source: CIA World Factbook | Printing; Soap Manufacturing; Handicrafts; Woven Cloth |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $9,710,681,139 (2018) |
| GDP Growth Rate (annual %) | 2.814% (2018) |
| GDP Per Capita, PPP (current international) | $7,658 (2018) |
GDP Country Rank 155/196 (2018)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 0.557% (2017) |
| External debt stocks, total (DOD, current US$) | $158,056,457 (2018) |
| Total tax rate (% of commercial profits) | 17.3% (2019) |
| Real Interest Rate (5 year average %) | 12.413% (2018) |
| Manufacturing, value added (% of GDP) | 0.998% (2017) |
| Current Account Balance (BoP, current US$) | ($191,147,185) (2018) |
Labor and Employment [1]
| Labor Force, Total | 314,523 (2019) |
| Employment in Agriculture (% of total employment) | 49.94% (2019) |
| Employment in Industry (% of total employment) | 9.407% (2019) |
| Employment in Services (% of total employment) | 40.653% (2019) |
| Unemployment Rate | 3.008% (2019) |
Trade [1]
| Imports of goods and services (current US$) | $1,490,279,600 (2017) |
| Exports of goods and services (current US$) | $1,519,433,100 (2017) |
| Total Merchandise Trade (% of GDP) | 23.712% (2018) |
| FDI, net inflows (BoP, current US$) | $47,926,000 (2018) |
| Commercial Service Exports (current US$) | $81,604,422 (2018) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Timor-Leste’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.