Timor-Leste's GDP changed from approximately $367M in 2000 to $1B 992M in 2024, showing an overall 442.8% sharply increased during the period.
The lowest GDP was recorded in 2000 at $367M, and the highest in 2021 at $3B 622M.
Over the 24-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.3%.
For comparison, the average annual growth rate of Indonesia was 6.3%, and that of Philippines was 5.9%.
Timor-Leste GDP from 2000 to 2024
The total market value of goods and services produced annually in Timor-Leste.
Overview of Timor-Leste's GDP (2000–2024)
The Gross Domestic Product (GDP) of Timor-Leste recorded a 442.8% sharply increased from 2000 to 2024.
The average GDP during this period was $1B 312M, and the median was $1B 160M.
GDP fluctuated within a range of $3B 255M, with a standard deviation of $888M 215K.
The average annual change was $108M 176K.
Highest and Lowest GDP Records
- Lowest GDP: 2000, $367M
- Highest GDP: 2021, $3B 622M
- Most Recent GDP: 2024, $1B 992M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2023: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Timor-Leste's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $2B 48M → $2B 163M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $543M → $727M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $367M → $477M
- Outcome: sharply increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $0 → $0
- Outcome: remained stable
Key Economic Indicators of Timor-Leste (2000–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1999 | 0 % | $ 0 | $ 0 | $ 0 | $ 0 | 0 % | 861,000 people | 0 % | 0 % |
2000 | 0 % | $ 367M | $ 1B 105M | $ 420.95 | $ 1,267.48 | 0 % | 872,000 people | -4.141 % | 0 % |
2001 | 16.348 % | $ 477M | $ 1B 315M | $ 539.59 | $ 1,485.87 | 0 % | 885,000 people | -6.635 % | 0 % |
2002 | -6.701 % | $ 470M | $ 1B 246M | $ 520.99 | $ 1,382.29 | 0 % | 901,000 people | -9 % | -7.639 % |
2003 | -2.182 % | $ 490M | $ 1B 243M | $ 534.19 | $ 1,353.41 | 0 % | 918,000 people | -8.99 % | -8.238 % |
2004 | 0.4 % | $ 441M | $ 1B 281M | $ 471.23 | $ 1,369.63 | 0 % | 935,000 people | 14.878 % | -7.479 % |
2005 | 2.988 % | $ 462M | $ 1B 361M | $ 483.24 | $ 1,422.41 | 0 % | 957,000 people | 56.7 % | -10.497 % |
2006 | -4.119 % | $ 454M | $ 1B 345M | $ 462.12 | $ 1,369.56 | 0 % | 982,000 people | 119.782 % | 41.032 % |
2007 | 10.262 % | $ 543M | $ 1B 523M | $ 538.95 | $ 1,512.32 | 0 % | 1M 6K people | 215.067 % | -29.932 % |
2008 | 11.391 % | $ 648M | $ 1B 729M | $ 628.63 | $ 1,676.31 | 0 % | 1M 32K people | 314.906 % | -18.562 % |
2009 | 10.144 % | $ 727M | $ 1B 916M | $ 689.28 | $ 1,817.29 | 0 % | 1M 55K people | 164.452 % | -17.17 % |
2010 | 9.329 % | $ 882M | $ 2B 121M | $ 819.15 | $ 1,969.96 | 0 % | 1M 77K people | 180.18 % | -19.793 % |
2011 | 5.956 % | $ 1B 42M | $ 2B 293M | $ 947.26 | $ 2,084.03 | 0 % | 1M 100K people | 212.852 % | -25.38 % |
2012 | 4.853 % | $ 1B 160M | $ 2B 658M | $ 1,031 | $ 2,361.18 | 0 % | 1M 125K people | 228.192 % | -38.689 % |
2013 | 3.068 % | $ 1B 396M | $ 2B 864M | $ 1,213.65 | $ 2,490.60 | 0 % | 1M 150K people | 171.382 % | -14.367 % |
2014 | 4.512 % | $ 1B 447M | $ 3B 195M | $ 1,233.58 | $ 2,723.53 | 0 % | 1M 173K people | 75.578 % | -37.528 % |
2015 | 2.761 % | $ 1B 594M | $ 3B 484M | $ 1,332.67 | $ 2,912.47 | 0 % | 1M 196K people | 12.771 % | -33.119 % |
2016 | 3.385 % | $ 1B 651M | $ 3B 817M | $ 1,358.28 | $ 3,141.06 | 0 % | 1M 215K people | -32.987 % | -55.406 % |
2017 | -3.058 % | $ 1B 616M | $ 3B 950M | $ 1,309.35 | $ 3,201.59 | 0 % | 1M 234K people | -17.549 % | -33.061 % |
2018 | -0.69 % | $ 1B 584M | $ 4B 13M | $ 1,264.50 | $ 3,203.93 | 0 % | 1M 253K people | -12.071 % | -26.299 % |