Economic Statistics, 2023
Explanatory Notes:
1. Pupulation: National Statistics Department
2. Output and prices: National Statistics Department (National Account,2022)
3. Monetary Agregate: Central Bank of Timor-Leste
4. Balance of Payments refer to BPM6 : Central Bank of Timor-Leste
5. General budget of government of finance: Minsitry of Finance (Mof),Budget Books 1, 2018,2019,2020,2021,2022,2023
6. General budget of government of finance from petroleum fund refer to BCTL transfer to government budget
7. *The amount import exclude USD notes.
| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Source |
| POPULATION | |||||||||||
| Total Population (in million) | 1.212 | 1.183 | 1.221 | 1.214 | 1.261 | 1.293 | 1.299 | 1.328 | 1.341 | 1.385 | INETL |
| Population annual average growth rate, (in %) | 2.4 | -2.4 | 3.2 | 1.6 | 1.6 | 2.5 | 0.5 | 2.2 | 1.0 | 3.3 | INETL |
| OUTPUT AND PRICES | |||||||||||
| GDP, Oil and non-oil at current prices(in million US Dollars) | 1,447 | 1,594 | 1,651 | 1,616 | 1,548 | 2,027 | 1.902 | 3.621 | 3.205 | N/A | INETL |
| GDP, non-oil, at constant prices ( in million US Dollars) | 1,552 | 1,594 | 1,648 | 1,598 | 1,587 | 1,897 | 2.093 | 1.528 | 1.588 | N/A | INETL |
| Growth rate of non- oil GDP at constant prices (in %) | 4.5 | 2.8 | 3.4 | -3.1 | -0.7 | 2.1 | -8.6 | 2.9 | 4.036288 | N/A | INETL |
| GDP per capita current prices (in million US Dollars) | 1,232 | 1,333 | 1,354 | 1,299 | 1,249 | 1,584 | 1,443 | 2.693 | 2390.832 | N/A | INETL |
| GDP per capita constant prices (in million US Dollars) | 1,321 | 1,333 | 1,352 | 1,285 | 1,251 | 1,467 | 1,588 | 2.025 | 1612.505 | N/A | INETL |
| Consumer Price Index (Base year 2018=100) | 98.1 | 97.5 | 97.5 | 98.1 | 100.2 | 101.5 | 102.5 | 107.3 | 114.7 | 124.7 | INETL |
| Price indexes annual change, % (Dec-Dec) | -0.1 | -0.6 | 0.1 | 0.6 | 2.1 | 0.9 | 1.0 | 5.3 | 6.9 | 8.7 | INETL |
| MONEY AND BANKING | |||||||||||
| Money Supply (M1) (in million US Dollars) | 342.9 | 397.7 | 464.3 | 465 | 525.4 | 432 | 496 | 619 | 679 | 678 | BCTL |
| Money Supply (M2) (in million US Dollars) | 599.8 | 642.4 | 734.0 | 823 | 848.6 | 788 | 869 | 1119 | 1215 | 1248 | BCTL |
| Money supply (M1) annual change, %(Dec-Dec) | 32 | 16 | 17 | 0.1 | 13.02 | -18 | 15 | 25 | 10 | -0.1 | BCTL |
| Money supply (M2) annual change, %(Dec-Dec) | 20 | 7 | 14 | 12.1 | 3.1 | -7 | 10 | 29 | 9 | 2.7 | BCTL |
| INTEREST RATE (in % weighted averages) | |||||||||||
| Demands Deposits | 0.54 | 0.54 | 0.54 | 0.06 | 0.07 | 0.06 | 0.07 | 0.10 | 0.126 | 0.12 | BCTL |
| Savings Deposits | 0.75 | 0.75 | 0.75 | 0.27 | 0.48 | 0.47 | 0.46 | 0.48 | 0.522 | 0.50 | BCTL |
| Time: 6 months | 1.24 | 1.15 | 1.14 | 0.66 | 0.66 | 0.66 | 0.66 | 0.69 | 0.668 | 0.62 | BCTL |
| 12 months | 1.31 | 1.25 | 1.25 | 0.71 | 0.67 | 0.66 | 0.64 | 0.64 | 0.665 | 0.65 | BCTL |
| Bank Lending + LIBOR | 13.11 | 13.88 | 14.46 | 12.1 | 11.94 | 11.98 | 11.28 | 11.03 | 10.833 | 10.65 | BCTL |
| GENERAL BUDGET OF GOVERNMENT | |||||||||||
| Total Domestic Revenues (Million US Dollar) | 168 | 170 | 197 | 187 | 190 | 187 | 182.07 | 161 | 175.8 | 282 | MoF |
| Total Expenditure (in Billions US Dollar) | 1,339 | 1,312 | 1,599 | 1,185 | 1,156 | 1,194 | 1,356 | 1,442 | 1,741 | 1,487 | MoF |
| Finance : | |||||||||||
| Petroleum Fund (in Millions US Dollar) | 0,732 | 1,279 | 1,245 | 1,079 | 0.982 | 0.969 | 0.866 | 1,148 | 1,404 | 1,090 | BCTL |
| Exports and Import, fob (in Millions US Dollar) | |||||||||||
| Exports | 14 | 16 | 18 | 15 | 22 | 24 | 16 | 31 | 30 | 64.0 | DNE |
| Imports | 553 | 579.7 | 443 | 554 | 520 | 535 | 497 | 588 | 788 | 812.9 | DNE |
| Trade balance | -539 | -563.7 | -425 | -539 | -498 | -511 | -481 | -556 | -758 | -749.0 | DNE |
| BALANCE OF PAYMENTS (in Million US dollars) | |||||||||||
| Current account | 1 | 203 | 420 | -284 | 291 | 44 | 43 | 8 | 1 | -189 | BCTL |
| Capital account | 14 | 29 | 47 | 34 | 52 | 26 | 12 | 13 | 16 | 4 | BCTL |
| Financial account | -1,378 | 32 | 485 | 499 | 249 | -296 | -605 | -609 | -220 | -334 | BCTL |
| Errors and omissions | 105 | -45 | -268 | -49 | -3 | 208 | 636 | 865 | 1,150 | -149 | BCTL |
| Overall balance | -376 | 219 | -157 | 263 | 129 | -18 | 243 | 278 | 103 | BCTL |
Explanatory Notes:
1. Pupulation: National Statistics Department
2. Output and prices: National Statistics Department (National Account,2022)
3. Monetary Agregate: Central Bank of Timor-Leste
4. Balance of Payments refer to BPM6 : Central Bank of Timor-Leste
5. General budget of government of finance: Minsitry of Finance (Mof),Budget Books 1, 2018,2019,2020,2021,2022,2023
6. General budget of government of finance from petroleum fund refer to BCTL transfer to government budget
7. *The amount import exclude USD notes.
Updated, 05 June 2024
