Economic Statistics

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Economic Statistics, 2023

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