Timor-Leste's Macroeconomic Analysis:
Nominal GDP of USD 2.1 billion in 2023.
Nominal GDP of USD 2.1 billion in 2023.
GDP per capita of USD 1,540 compared to the global average of USD 10,589.
GDP per capita of USD 1,540 compared to the global average of USD 10,589.
Average real GDP growth of 2.9% over the last decade.
Average real GDP growth of 2.9% over the last decade.
Main Economic Indicators
Economic growthThe economy recorded average annual growth of 2.9% in the decade to 2023. To read more about GDP growth in Timor-Leste, go to our dedicated page.
Fiscal policy
Timor-Leste's fiscal deficit averaged 29.5% of GDP in the decade to 2023. Find out more on our dedicated page.
Inflation
Inflation averaged 3.4% in the decade to 2022. Go to our Timor-Leste inflation page for extra insight.
Exchange Rate
From end-2014 to end-2024 the US dollar stayed on the same level vs the U.S. dollar. For more info on the US dollar, click here.
Timor-Leste Economic Forecasts
Projections out to 2034.29 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 2 expert analysts.
Want to get insight on the economic outlook for Timor-Leste in the coming years? FocusEconomics collects projections out to 2034 on 29 economic indicators for Timor-Leste from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Timor-Leste economy. To download a sample report on the Timor-Leste's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.