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Economy of Timor-Leste

Population: 1.18 million in 20131

GDP: $1.61 billion in 20132

GDP per capita: $1,105 nominal in 20123 ($2,242 PPP in 20134)

GDP growth rate: 8.1% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Mining and utilities4,68180.9%
Other activities3736.5%
Construction2424.2%
Wholesale, retail trade, restaurants and hotels1903.3%
Agriculture, hunting, forestry, fishing1893.3%
Transport, storage and communication801.4%
Manufacturing280.5%
Total value added5,785100%

Employment

Unemployment rate: 4.4% in 20137

Employment by Industry 20108

Employment sectorPercent of total
Agriculture64%
Services26%
Industry10%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: .319 in 200710

Government

Central Government

Central Government Revenue: $1.6 billion (99% of GDP) in 201311

Central Government Expenditure: $1.7 billion (105% of GDP) in 201311

Central Government Budget Balance: -$0.1 billion (-6% of GDP) in 201311

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

Timor-Leste Petroleum Fund: $15.7 billion (975% of GDP) in 201412

Tax Structure

Individual Income Tax Rates and Thresholds in 200913

Corporate Tax Rate: 10% in 201414

Monetary Policy

Monetary Base (M0, United States): $3.99 trillion (24% of GDP) on Dec 24, 201415

Benchmark Interest Rate: 0.25% on Dec 31 201416

Total Reserves: $686 million (42% of GDP) in 201317

Exchange Rate: 1 U.S. Dollar = 1 U.S. Dollar

Inflation: 3.3% in 201318

Financial Institutions

Top 10 Financial Institutions by Assets 201319

N/A (data not available at Relbanks.com)

International Accounts

Exports: $34 million (2% of GDP) in 201320

Imports: $689 million (43% of GDP) in 201320

Trade Balance: -$655 million (-41% of GDP) in 201320

Foreign Direct Investment Inflow: $39 million (2% of GDP) in 201321

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $283 million (18% of GDP) in 201222

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: CIA World Factbook (Gini coefficient) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: ESADE Sovereign Wealth Funds (Government Funds) Go back
13. Source: PwC Tax and Investment Guide (Individual tax rates) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: Federal Reserve Bank of St. Louis (Monetary base) Go back
16. Source: Federal Reserve Bank of New York (Benchmark interest rate) Go back
17. Source: World Bank Indicators (Total reserves) Go back
18. Source: World Bank Indicators (Inflation rate) Go back
19. Source: Relbanks.com (Financial institutions by assets) Go back
20. Source: CIA World Factbook (Trade data) Go back
21. Source: World Bank Indicators (FDI data) Go back
22. Source: World Bank Indicators (Aid data) Go back