Currency | US dollar (USD) and East Timor centavos[1] |
---|---|
Calendar year | |
Trade organisations | G77 |
Country group |
|
Statistics | |
GDP | [4] |
GDP growth | |
GDP per capita | [4] |
GDP by sector |
|
0.96% (2019 est.) | |
Population below poverty line | 49.9%[6] (2007 est.) |
28.7 (2014 est.) | |
Labour force | 581,000 (2022 est.) |
Unemployment | 1.79% (2022 est.) |
Main industries | printing, soap manufacturing, handicrafts, woven cloth |
External | |
Exports | $60 million (2020 est.) |
Export goods | crude petroleum, natural gas, coffee, various vegetables, scrap iron |
Main export partners | |
Imports | $850 million (2020 est.) |
Import goods | refined petroleum, cars, cement, delivery trucks, motorcycles |
Main import partners | |
Gross external debt | |
Public finances | |
$279,000,000 (December 2013) | |
All values, unless otherwise stated, are in US dollars. |
The economy of Timor-Leste is a low-income economy as ranked by the World Bank.[15] It is placed 140th on the Human Development Index, indicating a medium level of human development.[16] 20% of the population is unemployed,[1] and 52.9% live on less than $1.25 a day.[16] About half of the population is illiterate.[16] At 27%, East Timor's urbanisation rate is one of the lowest in the world.
In 2007, a bad harvest caused a "major food crisis" in East Timor. By November, eleven sub-districts still needed food supplied by international aid.[17]
According to data gathered in the 2010 census, 87.7% of urban and 18.9% of rural households have electricity, for an overall average of 36.7%.[18]