The Gross Domestic Product (GDP) in East Timor expanded 4 percent in 2024. GDP Annual Growth Rate in East Timor averaged 3.15 percent from 2001 until 2024, reaching an all time high of 16.30 percent in 2001 and a record low of -8.30 percent in 2020. source: National Statistics Directorate, Timor

GDP Annual Growth Rate in East Timor is expected to reach 4.30 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the East Timor GDP Annual Growth Rate is projected to trend around 4.20 percent in 2027 and 4.00 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
GDP 1.88 2.08 USD Billion Dec 2024
GDP Annual Growth Rate 4.00 2.40 percent Dec 2024
GDP per Capita 1235.83 1278.42 USD Dec 2024
GDP per Capita PPP 4186.21 4330.46 USD Dec 2024


East Timor GDP Annual Growth Rate
East Timor is one of the youngest countries in the world. After years of wars and political turmoil, the economy of this once poorest country in Asia, has been steady growing due to offshore oil and gas extraction. Services contribute the most to the country's output (56 percent of GDP), but agriculture (26 percent of GDP) employs around 64 percent of the labour force and remains undeveloped. In 2005, the government has set up the East Timor Petroleum Fund, which now is the main source of funds for infrastructure development and social benefits.
Actual Previous Highest Lowest Dates Unit Frequency
4.00 2.40 16.30 -8.30 2001 - 2024 percent Yearly