Economy - overview:
In late 1999, about 70% of the economic infrastructure of Timor-Leste was laid waste by Indonesian troops and anti-independence militias. Three hundred thousand people fled westward. Over the next three years a massive international program, manned by 5,000 peacekeepers (8,000 at peak) and 1,300 police officers, led to substantial reconstruction in both urban and rural areas. The country continues to face great challenges in rebuilding its infrastructure, strengthening the civil administration, and generating jobs for young people entering the work force. The development of oil and gas resources in offshore waters has greatly supplemented government revenues. This technology-intensive industry, however, has done little to create jobs for the unemployed because there are no production facilities in Timor-Leste. Gas is piped to Australia. In June 2005, the National Parliament unanimously approved the creation of a Petroleum Fund to serve as a repository for all petroleum revenues and to preserve the value of Timor-Leste's petroleum wealth for future generations. The Fund held assets of US$8.9 billion as of September 2011. The economy continues to recover strongly from the mid-2006 outbreak of violence and civil unrest, which disrupted both private and public sector economic activity. Most of an estimated 100,000 internally displaced persons (IDPs) returned home by early 2009. Government spending increased markedly in 2009 and 2010, primarily on basic infrastructure, including electricity and roads. Limited experience in procurement and infrastructure building has hampered these projects. The underlying economic policy challenge the country faces remains how best to use oil-and-gas wealth to lift the non-oil economy onto a higher growth path and to reduce poverty. The parliament in late 2011 approved an ambitious, infrastructure-focused $1.67 billion budget for 2012 that would put the country in debt for the first time in its 10-year history.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Imports: Imports - commodities: Reserves of foreign exchange and gold: Exchange rates:
NOTE: 1) The information regarding Timor-Leste on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Timor-Leste Economy 2012 information contained here. All suggestions for corrections of any errors about Timor-Leste Economy 2012 should be addressed to the CIA.
$3.366 billion (2011 est.)
country comparison to the world: 174
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$700 million (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
7.3% (2011 est.)
country comparison to the world: 15
[see also: GDP - real growth rate country ranks ]
$3,100 (2011 est.)
country comparison to the world: 169
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 27%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 18.1%
[see also: GDP - composition by sector - industry country ranks ]
services: 54.8% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
414,200 (2007)
country comparison to the world: 156
[see also: Labor force country ranks ]
agriculture: 90%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: NA%
[see also: Labor force - by occupation - industry country ranks ]
services: NA% (2006 est.)
[see also: Labor force - by occupation - services country ranks ]
20% (2006 est.)
country comparison to the world: 163
note: data are for rural areas, unemployment rises to more than 40% among urban youth
[see also: Unemployment rate country ranks ]
42% (2003 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 4%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 27% (2007)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
31.9 (2007 est.)
country comparison to the world: 108
[see also: Distribution of family income - Gini index country ranks ]
39.8% of GDP (2011 est.)
country comparison to the world: 11
[see also: Investment (gross fixed) country ranks ]
revenues: $1.2 billion
[see also: Budget revenues country ranks ]
expenditures: $1.3 billion (2011 est.)
[see also: Budget expenditures country ranks ]
NA% of GDP (2011 est.)
[see also: Taxes and other revenues country ranks ]
-14.3% of GDP (2011 est.)
country comparison to the world: 207
[see also: Budget surplus (+) or deficit (-) country ranks ]
7.5% (2011 est.)
country comparison to the world: 157
[see also: Inflation rate (consumer prices) country ranks ]
11.1% (31 December 2011 est.)
country comparison to the world: 83
[see also: Commercial bank prime lending rate country ranks ]
$158.4 million (31 December 2011 est.)
country comparison to the world: 181
[see also: Stock of narrow money country ranks ]
$329.3 million (31 December 2011 est.)
country comparison to the world: 184
[see also: Stock of broad money country ranks ]
$127.1 million (31 December 2008 est.)
country comparison to the world: 185
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
coffee, rice, corn, cassava, sweet potatoes, soybeans, cabbage, mangoes, bananas, vanilla
printing, soap manufacturing, handicrafts, woven cloth
8.5% (2004 est.)
country comparison to the world: 17
[see also: Industrial production growth rate country ranks ]
NA kWh (2008 est.)
[see also: Electricity - production country ranks ]
NA kWh (2008 est.)
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
87,500 bbl/day (2010 est.)
country comparison to the world: 51
[see also: Oil - production country ranks ]
2,600 bbl/day (2010 est.)
country comparison to the world: 183
[see also: Oil - consumption country ranks ]
86,000 bbl/day (2009 est.)
country comparison to the world: 68
[see also: Oil - exports country ranks ]
2,205 bbl/day (2009 est.)
country comparison to the world: 178
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 134
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 135
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 193
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 135
[see also: Natural gas - imports country ranks ]
200 billion cu m (1 January 2006 est.)
country comparison to the world: 44
[see also: Natural gas - proved reserves country ranks ]
$1.161 billion (2007 est.)
country comparison to the world: 46
[see also: Current account balance country ranks ]
$9.2 million (2009 est.)
country comparison to the world: 213
note: excludes oil
[see also: Exports country ranks ]
coffee, sandalwood, marble; note - potential for oil and vanilla exports
$384.9 million (2009 est.)
country comparison to the world: 191
[see also: Imports country ranks ]
food, gasoline, kerosene, machinery
$406.2 million (31 December 2010 est.)
country comparison to the world: 156
[see also: Reserves of foreign exchange and gold country ranks ]
the US dollar is used
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12