Timor-Leste

Description of Timor-Leste

As an analyst with a keen interest in geopolitics and macroeconomics, exploring the intricate dynamics of Timor-Leste presents a fascinating opportunity. Situated in Southeast Asia, this young nation boasts a rich cultural tapestry intertwined with a complex history of colonization and conflict. Timor-Leste's journey towards economic sustainability and political stability has been shaped by its unique position in the region and its natural resource wealth. Delving into the macroeconomic statistics of Timor-Leste provides valuable insights into the challenges and opportunities facing this emerging nation as it navigates its path towards development and prosperity.

Population And Age Structure

Population, total: Timor-Leste's total population is 1,299,995, which is significantly below the average population of 40,097,746. The country is ranked 152 out of 194 countries in this dataset.

Population ages 0-14 (% of total population): Timor-Leste has a percentage of 35.95 for population ages 0-14, higher than the average of 27.34. The country is ranked 51 out of 194 countries in this dataset.

Population ages 0-14, total: With a total of 467,284 in the age group 0-14, Timor-Leste is below the average of 10,327,379. The country ranks 144 out of 194 countries.

Population ages 15-64 (% of total population): Timor-Leste has a percentage of 58.68 for population ages 15-64, below the average of 63.44. The country is ranked 147 out of 194 countries.

Population ages 15-64, total: The total population of 15-64 age group in Timor-Leste is 762,874, which is below the average of 26,003,407. The country ranks 154 out of 194 countries.

Population ages 65 and above (% of total population): Timor-Leste has a percentage of 5.37 for population ages 65 and above, lower than the average of 9.22. The country is ranked 113 out of 194 countries.

Population ages 65 and above, total: Timor-Leste's total population of ages 65 and above is 69,836, which is below the average of 3,766,959. The country ranks 152 out of 194 countries.

Summary

Timor-Leste has a relatively small total population compared to the average, with a higher percentage of young people (0-14 years) and lower percentages of working-age adults (15-64 years) and elderly (65 years and above). This demographic composition can impact the country's workforce availability, dependency ratio, and healthcare needs, potentially influencing economic development strategies and social welfare policies.

Population Miscellaneous

Rural population in Timor-Leste is 892,837, which is significantly below the average of 18,044,041. The country ranks 134th out of 190 countries in this regard.

Rural population (% of total population) stands at 68.68%, higher than the average of 41.16%. Timor-Leste ranks 31st out of 190 countries in this metric.

Urban population in Timor-Leste is 407,158, well below the average of 22,425,747. The country holds the 159th position out of 194 countries in urban population.

Urban population (% of total population) is 31.32%, lower than the average of 59.69%. Timor-Leste ranks 164th out of 194 countries in this aspect.

The Age dependency ratio (% of working-age population) in Timor-Leste is 70.41%, higher than the average of 59.22%. The country ranks 48th out of 194 countries in this ratio.

Timor-Leste's crude birth rate is 25.26 per 1,000 people, surpassing the average of 19.38. The country ranks 53rd out of 192 countries in this measure.

The crude death rate in Timor-Leste is 6.83 per 1,000 people, below the average of 8.21. The country holds the 123rd position out of 192 countries in this rate.

The total fertility rate in Timor-Leste is 3.25 births per woman, higher than the average of 2.60. The country ranks 52nd out of 190 countries in terms of fertility rate.

Summary

Timor-Leste has a significantly higher rural population percentage compared to the global average, indicating a predominantly rural population. This high rural population may impact the country's economic development and infrastructure needs, with a higher demand for rural-focused services and resources. Additionally, Timor-Leste's above-average age dependency ratio and fertility rate suggest potential challenges in sustaining economic growth and providing adequate social services in the future, as a larger proportion of the population may be dependent on the working-age population.

Military

Timor-Leste's military expenditure (current USD) is significantly below the average of $12,904,993,617.16, ranking 139 out of 149 countries in the dataset. The country spends $38,456,000, reflecting a substantial deviation from the norm.

Regarding military expenditure (% of GDP), Timor-Leste's 1.78% is slightly below the average of 1.90%. This places Timor-Leste at the 58th position out of 148 countries included in the analysis.

Timor-Leste's total armed forces personnel of 2000 is well below the average of 165,908.53. This positions Timor-Leste as 159th out of 164 countries in terms of armed forces personnel.

For the armed forces personnel (% of total labor force), Timor-Leste's figure of 0.36% is significantly under the average of 1.28%. This places Timor-Leste at the 135th position out of 164 countries.

Summary

Timor-Leste's military expenditure, both in absolute terms and as a percentage of GDP, is below the global average, with a relatively small number of armed forces personnel. This indicates a limited investment in defense capabilities compared to other nations. While this may free up resources for other sectors, such as social welfare or infrastructure, it could also leave the country vulnerable in terms of security and defense preparedness.

Natural Resources

Timor-Leste has a forest area of 9,211 sq. km, significantly below the average of 211,606.11 sq. km, ranking 125th out of 191 countries in the dataset.

The land area in Timor-Leste is 14,870 sq. km, well below the average of 665,166.51 sq. km, placing the country at the 154th rank out of 194 countries.

Regarding surface area, Timor-Leste covers 14,870 sq. km, also notably under the average of 689,779.56 sq. km, ranking 154th out of 194 countries.

Timor-Leste's arable land spans 111,500 hectares, significantly lower than the average of 7,329,543.16 hectares, placing the country at the 146th rank out of 190 countries.

The land under cereal production in Timor-Leste is 47,993 hectares, below the average of 4,206,011.63 hectares, and the country ranks 141st out of 174 countries.

In terms of average precipitation, Timor-Leste experiences 1,500 mm per year, above the average of 1,157.83 mm per year, at the 58th rank out of 178 countries in the dataset.

Timor-Leste has renewable internal freshwater resources totaling 8.215 billion cubic meters, significantly below the average of 240.41 billion cubic meters, ranking 129th out of 178 countries.

Summary

Timor-Leste exhibits significantly lower values in various key macroeconomic indicators compared to global averages and ranks relatively low among countries in the dataset for forest area, land area, arable land, land under cereal production, average precipitation, and renewable internal freshwater resources. This data highlights the country's challenges in terms of land use, agricultural production, water resources, and environmental sustainability, which are crucial factors for economic development, food security, and environmental conservation. Addressing these disparities and implementing sustainable practices in these areas will be essential for Timor-Leste's long-term socio-economic growth and resilience.

Resource Rents

Analysis of key natural resource rents statistics for Timor-Leste:
- Total natural resources rents (% of GDP): Timor-Leste's value of 34.39% exceeds the average of 4.63%. It ranks 1st out of 175 countries in the dataset.
- Forest rents (% of GDP): With a value of 0.11%, Timor-Leste is below the average of 1.53%. It holds the 115th rank out of 174 countries.
- Oil rents (% of GDP): Timor-Leste's 2.79% is slightly above the average of 2.51%. The country ranks 25th out of 117 nations.
- Natural gas rents (% of GDP): Timor-Leste's 31.49% significantly surpasses the average of 1.25%. It shares the 1st rank with 96 other countries in the dataset.

Summary

Timor-Leste stands out in terms of total natural resource rents, forest rents, oil rents, and natural gas rents, ranking high compared to global averages in each category. The country's heavy reliance on natural gas rents, which significantly exceed the average, highlights the importance of the energy sector in its economy. These statistics underscore Timor-Leste's economic dependence on its natural resources and emphasize the need for sustainable resource management and diversification to ensure long-term economic stability and growth.

Commodities

Timor-Leste's cereal production of 127,589 metric tons is significantly below the average of 17,249,945.93 metric tons, placing the country at rank 140 out of 174 countries in the dataset.

The aquaculture production in Timor-Leste is 1,060 metric tons, far lower than the average of 679,642.92 metric tons. This places Timor-Leste at rank 124 out of 180 countries.

With a capture fisheries production of 5,174 metric tons, Timor-Leste falls short of the average of 467,453.06 metric tons, ranking 147 out of 190 countries.

Timor-Leste's total fisheries production is 6,234 metric tons, significantly lower than the average of 1,153,914.85 metric tons, placing the country at rank 150 out of 182 countries.

In terms of fertilizer consumption, Timor-Leste uses 0.53 kilograms per hectare of arable land, much lower than the average of 159.04 kilograms per hectare. This puts Timor-Leste at rank 184 out of 187 countries in the dataset.

Summary

Timor-Leste has significantly lower agricultural and fisheries production compared to global averages, ranking relatively low in these sectors. Additionally, the country's low fertilizer consumption per hectare of arable land further highlights its challenges in optimizing agricultural output and productivity. These indicators are crucial as they underscore Timor-Leste's potential vulnerabilities in food security, economic development, and sustainability practices.

Intellectual Property

Timor-Leste's Scientific and technical journal articles statistic is significantly below the attribute average of 15103.76, with a value of 11.87, ranking 175 out of 192 countries in the dataset for this attribute.

Regarding Charges for the use of intellectual property, payments (BoP, current US$), Timor-Leste's value of 481 is substantially lower than the attribute average of 3,218,843,494.39. The country ranks 142 out of 143 countries in this dataset.

Summary

Timor-Leste's performance in scientific and technical journal articles production and payments for the use of intellectual property are significantly below the global averages, ranking low in comparison to other countries. This underperformance can hinder the country's ability to innovate, collaborate internationally, and benefit from intellectual property rights, which are crucial for technological advancement, economic growth, and competitiveness in the modern global economy.

Broad Economy Attributes

1. Timor-Leste's GDP (current US$) is 2162619200, which is significantly below the attribute average of 442870224838.6818. Timor-Leste ranks 165 out of 189 countries included in the data.

2. The GDP, PPP (current international $) for Timor-Leste is 6674193723.53895, notably lower than the attribute average of 734141122350.7834. Timor-Leste holds the 154th rank out of 181 countries in the dataset.

3. Timor-Leste's GDP per capita (current US$) stands at 1663.5596290755, well below the attribute average of 15462.110490032519. The country ranks 149 out of 190 countries.

4. In terms of GDP per capita, PPP (current international $), Timor-Leste's value is 5134.01491816426, significantly lower than the attribute average of 21251.891197051147. It holds the 136th rank out of 181 countries.

5. Timor-Leste's GNI (current US$) is 2911201400, which is notably lower than the attribute average of 452040815370.6972. The country is ranked 156 out of 185 countries.

6. The GNI, PPP (current international $) for Timor-Leste is 8984439845.83038, well below the attribute average of 730698223823.4666. Timor-Leste ranks 150th out of 181 countries.

7. Timor-Leste's GNI per capita, PPP (current international $) is 6910, significantly lower than the attribute average of 20615.74585635359. The country holds the 123rd rank out of 181 countries in the dataset.

Summary

Timor-Leste exhibits consistently lower values across key macroeconomic indicators such as GDP, GDP per capita, GNI, and GNI per capita in comparison to the global average and ranking below average among included countries. These statistics are significant as they highlight the country's economic challenges and underscore the need for targeted policies and interventions to improve economic growth, income levels, and overall development to move towards a more sustainable and prosperous future.

Broad Value Added

Analysis for Timor-Leste:

Summary

Timor-Leste has a relatively low Gross Value Added at basic prices (GVA) compared to the global average, indicating a smaller economic output. The country relies heavily on Agriculture, Forestry, and Fishing, showcasing potential for growth in this sector. However, the low values for Services and Industry suggest a need for diversification and development in these areas to boost economic performance and sustainability.

Manufacturing Value Added

Manufacturing, value added (current US$): Timor-Leste has a value of 33,029,100 USD for this attribute, significantly below the average of 76,207,179,589.66 USD. The country ranks 165 out of 173 countries in this dataset.

Manufacturing, value added (% of GDP): Timor-Leste's value for this attribute is 1.53% of its GDP, which is well below the average of 11.90%. The country's rank is 170 out of 173 countries in this dataset.

Summary

Timor-Leste exhibits lower levels of manufacturing value added in both absolute terms and relative to its GDP compared to the average among countries in the dataset. The country's ranking further emphasizes its position as one of the lowest performers in manufacturing value added globally. These indicators are crucial as they reflect the country's industrial development, economic diversification, and competitiveness in the global market, highlighting areas that may require attention to enhance economic growth and stability.

Money

Timor-Leste has a significantly negative Inflation rate, GDP deflator (annual %), standing at -19.15%, which is notably lower than the average of 6.90%. This places Timor-Leste at the 187th rank out of 188 countries in the dataset.

With a Broad money growth (annual %) of 10.61%, Timor-Leste falls below the average of 18.03%, ranking at 90 out of 139 countries in the dataset.

Timor-Leste's Broad money (% of GDP) is 40.32%, much lower than the average of 71.75%, positioning the country at the 105th rank out of 139 countries.

The Broad money to total reserves ratio in Timor-Leste is 1.33, well below the average of 5.17, placing the country at the 116th rank out of 126 countries.

Summary

Timor-Leste demonstrates a unique macroeconomic profile with a notably negative GDP deflator and lower-than-average Broad money indicators. Despite its low Broad money (% of GDP) and Broad money to total reserves ratio, the country maintains a positive Broad money growth rate.

These indicators are crucial as they reflect Timor-Leste's monetary policy effectiveness, economic stability, and financial resilience. The negative GDP deflator suggests potential deflationary pressures, while the low Broad money ratios indicate limited financial depth and potential vulnerability to external shocks. The positive Broad money growth, however, signals ongoing monetary expansion and economic activity, albeit below global averages.

Consumption Expenditure

Final consumption expenditure (current US$): Timor-Leste's final consumption expenditure is 2053454100, which is significantly below the attribute average of 381630252515.3805. Timor-Leste ranks 145 out of 159 countries in this category.

Final consumption expenditure (% of GDP): Timor-Leste's final consumption expenditure as a percentage of GDP is 94.95%, which is above the attribute average of 82.37%. The country ranks 27 out of 159 countries in this aspect.

General government final consumption expenditure (current US$): With a value of 961899700, Timor-Leste's expenditure is well below the attribute average of 93676578238.03342. The country ranks 134 out of 158 nations.

General government final consumption expenditure (% of GDP): Timor-Leste's government expenditure accounts for 44.48% of its GDP, markedly higher than the attribute average of 18.71%. The country ranks 4 out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): Timor-Leste's expenditure in this category is 1091554300, significantly below the average of 290127571157.693. The country ranks 149 out of 158 countries.

Households and NPISHs final consumption expenditure (% of GDP): Timor-Leste's household and NPISHs expenditure as a percentage of GDP is 50.47%, below the attribute average of 63.68%. The country ranks 125 out of 158 nations.

Summary

Timor-Leste exhibits a pattern of lower final consumption expenditure across various categories compared to the global average, ranking relatively low in each aspect. However, a notable exception is the general government final consumption expenditure (% of GDP) where Timor-Leste surpasses the average significantly, ranking 4th among 158 countries. These statistics are crucial as they highlight Timor-Leste's heavy reliance on government spending as a driver of economic activity, signaling potential areas for policy adjustments to promote sustainable growth and development.

Investment

Timor-Leste's net foreign direct investment (BoP, current US$) stands at $712,696,166.43, above the average of -$1,615,235,980.51. This places Timor-Leste at rank 26 out of 169 countries in the dataset. The country has a positive net inflow. Timor-Leste's net foreign direct investment inflows (BoP, current US$) amount to -$712,696,166.43, significantly below the average of $5,749,271,080.15. Timor-Leste ranks 165 out of 182 countries in this metric, which reflects a substantial deficit in foreign investment.

The net outflows of foreign direct investment (BoP, current US$) from Timor-Leste total $693,867,525, below the average of $5,707,991,116.07. This positions Timor-Leste at rank 46 out of 156 countries. Timor-Leste has a higher-than-average net outflow in terms of GDP percentage, with a value of 32.08%, compared to the average of 1.00%. This places Timor-Leste at rank 3 out of 155 countries, indicating a significant level of capital leaving the country.

Furthermore, Timor-Leste's portfolio investment (net, BoP, current US$) amounts to $272,257,005.86, below the average of $679,559,169.57. Timor-Leste ranks 52 out of 159 countries in this aspect. Overall, Timor-Leste exhibits a mixed performance in terms of foreign direct and portfolio investments compared to the dataset averages and ranks.

Summary

Timor-Leste has a positive net foreign direct investment but ranks low in both net inflows and outflows compared to global averages. The country shows a high level of capital leaving through net outflows, indicating potential challenges in retaining foreign investments and attracting new ones. This suggests a need for Timor-Leste to implement measures to improve its investment climate and increase its attractiveness to foreign investors.

Debt

Timor-Leste's total debt service as a percentage of GNI is significantly below the average of 5.98%, ranking 115th out of 120 countries. The country's public and publicly guaranteed debt service also remains low at 0.28% of GNI, compared to the average of 2.84%, placing it at the 111th position among 120 countries in the dataset.

With external debt stocks accounting for 7.96% of GNI, Timor-Leste's value is notably below the average of 65.42%, placing it at the 118th position out of 120 countries in the dataset. The country's debt service on external debt, both total and public and publicly guaranteed, is significantly lower than the respective averages, with Timor-Leste ranking 120th and 118th out of 123 countries, respectively.

Timor-Leste's external debt stocks, both total and public and publicly guaranteed, are well below the average values, with the country ranking 121st and 122nd out of 123 countries in the dataset. The external debt stocks make up only a fraction of the average values, reflecting the country's cautious approach to external borrowing and debt management.

Summary

Timor-Leste's debt indicators consistently rank well below global averages, demonstrating prudent debt management practices. The country's low debt service as a percentage of GNI and significantly below-average external debt stocks showcase Timor-Leste's cautious approach to borrowing and financial stability in the international arena.

These findings are crucial as they signal Timor-Leste's ability to manage its debt obligations effectively, mitigating risks of default and financial instability. By maintaining low debt levels and manageable debt service ratios, Timor-Leste can ensure sustainable economic growth, attract foreign investment, and safeguard its long-term financial health.

Broad Trade Attributes

- Timor-Leste's Trade (% of GDP) stands at 84.75%, surpassing the average of 82.34%. The country ranks 54th out of 163 countries in this aspect.
- For Merchandise trade (% of GDP), Timor-Leste's value of 41.11% is below the average of 60.01%. It ranks 126th out of 186 countries.
- Timor-Leste's Trade in services (% of GDP) is 41.00%, exceeding the average of 24.63%. The country's rank is 20th out of 171 countries.
- The External balance on goods and services in Timor-Leste is at -246925300 USD, significantly below the average of 3405509011.13 USD. The nation ranks 77th out of 163 countries.
- Timor-Leste's External balance on goods and services (% of GDP) is -11.42%, which is lower than the average of -5.97%. The country holds the 120th position out of 163 countries.

Summary

Timor-Leste's high Trade (% of GDP) and Trade in services (% of GDP) indicate a heavy reliance on international trade for economic activity, outperforming global averages in these areas. However, its low Merchandise trade (% of GDP) suggests a need for diversification in trade goods. The negative External balance on goods and services highlights a trade deficit that may impact the country's overall economic stability and could require policy adjustments to address.

Net Trade

- Timor-Leste's Current account balance (BoP) in current US$ is below the average, ranking 58 out of 170 countries.

- Timor-Leste's Current account balance (% of GDP) is above average, ranking 10 out of 170 countries.

- Timor-Leste's Net trade in goods and services (BoP) in current US$ is below the average, ranking 67 out of 171 countries.

- Timor-Leste's Net primary income (BoP) in current US$ is above the average, ranking 29 out of 170 countries.

- Timor-Leste's Net secondary income (BoP) in current US$ is above the average, ranking 126 out of 170 countries.

- Timor-Leste's Net trade in goods (BoP) in current US$ is below the average, ranking 57 out of 171 countries.

- Timor-Leste's Net capital account (BoP) in current US$ is below the average, ranking 104 out of 159 countries.

- Timor-Leste's Net financial account (BoP) in current US$ is above the average, ranking 43 out of 170 countries.

Summary

Timor-Leste's macroeconomic indicators show mixed performance compared to other countries. It has a below-average current account balance in US dollars, while its current account balance as a percentage of GDP is above average. The country performs below average in net trade in goods and services, net trade in goods, and net capital account, but above average in net primary income and net secondary income. These indicators are crucial as they reflect Timor-Leste's position in international trade, income generated from abroad, and overall economic stability relative to its peers.

Broad Export Attributes

Timor-Leste's exports of goods, services and primary income amount to $1.96 billion, ranking the country 136 out of 170. This value is significantly below the attribute average of $146.24 billion.

Timor-Leste's exports of goods and services total $1.60 billion, placing the country in 139th position out of 170 countries. The focus country's performance is notably lower than the attribute average of $122.94 billion.

In terms of exports of goods and services without primary income, Timor-Leste's value is $792.95 million. This figure places the country in 144th position out of 163 countries, well below the attribute average of $129.60 billion.

Timor-Leste's exports of goods and services as a percentage of GDP stand at 36.67%, ranking the country 61st out of 163. This value is slightly below the attribute average of 38.19%.

The country's goods exports total $1.56 billion, ranking Timor-Leste 132 out of 171. This performance is significantly lower than the attribute average of $93.31 billion.

Summary

Timor-Leste's export performance, across various categories, positions the country below the attribute averages and ranks it relatively low among a global comparison of countries. The country's relatively low export values and rankings highlight challenges in diversifying its economy, expanding market access, and enhancing competitiveness in the global market. Addressing these issues is crucial for Timor-Leste's economic growth, resilience, and sustainability in the long term.

Merchandise Exports

Timor-Leste's merchandise exports amount to $264,000,000, significantly below the attribute average of $89,542,711,229.95. This places Timor-Leste at a rank of 166 out of 187 countries in the dataset.

When it comes to Agricultural raw materials exports as a percentage of merchandise exports, Timor-Leste stands at 0.03%, well below the average of 2.97%. This places Timor-Leste at a rank of 141 out of 151 countries.

Timor-Leste's food exports as a percentage of merchandise exports stand at 6.28%, far below the average of 24.06%. This puts Timor-Leste at a rank of 121 out of 152 countries.

Timor-Leste heavily relies on fuel exports, constituting 93.51% of its merchandise exports, significantly above the average of 13.70%. This exceptional performance places Timor-Leste at the top rank of 1 out of 147 countries.

In the category of Ores and metals exports as a percentage of merchandise exports, Timor-Leste stands at 0.02%, well below the average of 9.10%. Timor-Leste holds a rank of 150 out of 152 countries included in the dataset.

Summary

Timor-Leste's export profile is heavily skewed towards fuel, with an unusually high 93.51% of its merchandise exports being attributed to this sector. This exceptional reliance on fuel exports sets Timor-Leste apart from other countries in the dataset. The low percentages of agricultural raw materials and ores and metals exports indicate limited diversification in its export base, which could pose risks in terms of economic resilience and sustainability.

Technology Exports

Timor-Leste's Manufactures exports account for only 0.15% of its merchandise exports, significantly below the attribute average of 42.62%. This places Timor-Leste at a low rank of 152 out of 152 countries included in the data.

Summary

Timor-Leste's Manufactures exports contribute a negligible 0.15% to its total merchandise exports, a stark contrast to the global average of 42.62%. This places Timor-Leste at the bottom rank (152 out of 152 countries) in terms of the significance of its manufacturing exports. This data underscores the country's heavy dependence on other sectors for export revenue and highlights the urgent need for diversification to reduce vulnerability to external economic shocks and foster sustainable economic growth.

Service Exports

Timor-Leste's service exports (BoP, current US$) are significantly below the attribute average, ranking 166th out of 171 countries in the dataset.

For ICT service exports (BoP, current US$), Timor-Leste's value is also well below the average, ranking 160th out of 166 countries.

Timor-Leste's ICT service exports (% of service exports, BoP) are notably below the average, ranked 141st out of 166 countries.

Although Communications, computer, etc. (% of service exports, BoP) for Timor-Leste is below the average, it ranks 113th out of 169 countries.

Transport services (% of service exports, BoP) are much lower for Timor-Leste compared to the average, placing 156th out of 169 countries.

Travel services (% of service exports, BoP) for Timor-Leste are significantly above the average, ranking 13th out of 167 countries.

Timor-Leste's Insurance and financial services (% of service exports, BoP) are well below the average, positioned 161st out of 161 countries in the dataset.

Summary

Timor-Leste is facing significant challenges in its service exports, particularly in ICT services and insurance/financial services. The country ranks poorly compared to the global average in several key indicators, such as service exports, ICT service exports, and insurance/financial services. This highlights the need for Timor-Leste to diversify its service export portfolio, strengthen its ICT sector, and potentially reform its insurance and financial services industry to enhance competitiveness and sustainability in the global market.

Commercial Service Exports

Timor-Leste's Commercial service exports amount to $27,149,399.94, placing it at rank 166 out of 171 countries. This is significantly below the average of $28,508,218,402.80 for this attribute.

Travel services contribute significantly to Timor-Leste's commercial service exports, accounting for 94.45% which is well above the average of 27.89%. Timor-Leste ranks 1 out of 167 countries in this aspect.

Computer, communications, and other services make up only 3.65% of Timor-Leste's commercial service exports, ranking it 164 out of 169 countries. This is notably below the average of 42.44%.

Timor-Leste demonstrates a deficit in Insurance and financial services, representing -0.65% of its commercial service exports, ranking 161 out of 161 countries. This value is considerably lower than the average of 6.97%.

Transport services form 2.54% of Timor-Leste's commercial service exports, placing it at rank 154 out of 169 countries. This value is notably below the average of 23.37%.

Summary

Timor-Leste's commercial service exports are relatively low compared to other countries, with a significant reliance on travel services which is well above the global average. However, the country lags behind in computer, communications, and other services, insurance and financial services, as well as transport services. These findings are crucial as they highlight areas where Timor-Leste can potentially enhance its export diversification and competitiveness in the global market, by focusing on developing other service sectors to reduce dependence on a single service category.

Broad Import Attributes

Timor-Leste's Imports of goods and services amount to 1039875900 USD, which is significantly below the average of 126191355599.06 USD, ranking 146th out of 163 countries.

Imports of goods and services as a percentage of GDP in Timor-Leste are 48.08%, slightly higher than the average of 44.15%, positioning the country at the 51st rank out of 163.

Timor-Leste's International tourism expenditures as a percentage of total imports stand at 4.10%, slightly above the average of 3.98%, ranking the country 39th out of 131 countries with available data.

The country's Goods imports amount to 639016072.38 USD, significantly lower than the average of 92007788027.17 USD, placing Timor-Leste at the 155th rank out of 171 countries.

Timor-Leste's Imports of goods and services in current USD are 1485997425.83, significantly below the average of 120321577988.12 USD, positioning the country at the 148th rank out of 170 countries.

For Imports of goods, services, and primary income in current USD, Timor-Leste spends 1631021396.52 USD, significantly below the average of 144514428722.28 USD, placing the country at the 148th rank out of 170 countries.

Summary

Timor-Leste ranks below average in terms of imports of goods and services, both in total value and as a percentage of GDP. However, the country's international tourism expenditures as a percentage of total imports are slightly above the average, indicating a potential for growth in the tourism sector. The lower-than-average spending on goods imports and services in current USD suggests room for increased external trade and economic development.

These findings are important as they highlight Timor-Leste's position in the global economy and indicate areas where the country may focus on to enhance economic growth and diversification. Understanding these indicators can help policymakers in making informed decisions to boost trade, attract tourism, and improve overall economic performance.

Merchandise Imports

Timor-Leste's merchandise imports amount to $625 million, significantly below the average of $89.39 billion, ranking at 170 out of 190 countries. The country's Manufactures imports (% of merchandise imports) stand at 45.33%, below the average of 66.76%. It ranks 148 out of 152 countries in this attribute. Agricultural raw materials imports (% of merchandise imports) in Timor-Leste are slightly above average at 1.28%, ranking 63 out of 152 countries. Food imports (% of merchandise imports) are notably higher at 31.29%, surpassing the average of 15.89% and ranking at 6 out of 152 countries. Fuel imports (% of merchandise imports) constitute 21.63% in Timor-Leste, above the average of 11.38%, placing the country at rank 10 out of 152. Ores and metals imports (% of merchandise imports) are below average at 0.44%, with Timor-Leste ranking 145 out of 152 countries. Lastly, merchandise imports by the reporting economy, residual (% of total merchandise imports) are significantly below average for Timor-Leste at 0.24%, ranking at 102 out of 180 countries.

Summary

Timor-Leste has a lower total merchandise import value compared to the global average, with notable differences in the composition of imports. The country's high proportion of food imports indicates a dependency on imported food products, potentially highlighting vulnerabilities in food security. Moreover, Timor-Leste's below-average imports of ores and metals suggest limitations in industrial and manufacturing sectors, which could impact its economic diversification and development.

Service Imports

- Service imports (BoP, current US$): Timor-Leste has a relatively low value of 846,981,353.45 compared to the average of 27,615,356,170.47. This ranks Timor-Leste at 127 out of 171 countries in the dataset.

- Communications, computer, etc. (% of service imports, BoP): Timor-Leste excels in this attribute with a value of 84.94%, far above the average of 44.40%. This places Timor-Leste at an impressive rank of 2 out of 169 countries.

- Transport services (% of service imports, BoP): Timor-Leste lags behind in this aspect with a value of 6.21%, significantly lower than the average of 32.90%. This results in a rank of 167 out of 169 countries.

- Travel services (% of service imports, BoP): Timor-Leste's value of 6.36% is below the average of 14.14%, positioning the country at 128 out of 169 countries.

- Insurance and financial services (% of service imports, BoP): Timor-Leste's value of 2.48% is notably lower than the average of 8.53%. The country ranks at 150 out of 169 countries for this attribute.

Summary

Timor-Leste demonstrates a mixed performance in key service imports indicators. While excelling in communications and computer services with a value well above the average, the country lags in transport, travel, insurance, and financial services. These indicators are crucial as they reflect the composition and efficiency of Timor-Leste's service imports, highlighting areas of strength and weakness in its economic structure and trade dynamics.

Commercial Service Imports

Timor-Leste's commercial service imports amount to $839,909,757.63, ranking 126th out of 171 countries. This value is significantly below the average commercial service imports of $27,102,746,128.60.

Computer, communications, and other services form 84.82% of Timor-Leste's commercial service imports, ranking 2nd out of 169 countries. The focus country's value is significantly above the average of 41.71%.

Insurance and financial services constitute 2.50% of Timor-Leste's commercial service imports, placing it at the 152nd rank out of 169 countries. This value is below the average of 8.85%.

Transport services represent 6.26% of Timor-Leste's commercial service imports, ranking 167th out of 169 countries. This percentage is notably lower than the average of 34.71%.

Travel services make up 6.42% of Timor-Leste's commercial service imports, placing it at the 129th rank out of 169 countries. The focus country's value is below the average of 14.73%.

Summary

Timor-Leste's commercial service imports are significantly below the global average, with a strong emphasis on computer, communications, and other services. However, the country lags in the imports of insurance and financial services and transport services, with travel services also below the average.

These findings are crucial as they indicate Timor-Leste's heavy reliance on certain types of services and its lack of diversification in commercial imports. This imbalance could pose risks to the country's economic stability and growth potential, highlighting the need for strategic diversification and investment in a broader range of services to enhance resilience and competitiveness in the global market.

Information Technology Infrastructure

Timor-Leste has 119 secure internet servers, significantly below the average of 458,294. The country ranks 157 out of 193 countries in this aspect. In terms of secure internet servers per 1 million people, Timor-Leste has 91.54 servers, much lower than the average of 14,067. This places Timor-Leste at rank 136 out of 193 countries.

Regarding individuals using the internet, Timor-Leste has 34.13% of its population connected, which is below the average of 64.77%. The country ranks 147 out of 180 countries in this metric. For fixed broadband subscriptions, Timor-Leste has 83 subscriptions, significantly lower than the average of 6,591,956. Timor-Leste is ranked 185 out of 185 countries for this attribute.

In terms of mobile cellular subscriptions, Timor-Leste has 1,377,915 subscriptions, far below the average of 42,526,464. The country ranks 151 out of 193 countries in mobile cellular subscriptions.

Summary

Timor-Leste lags behind the global average in key internet and technology indicators such as secure internet servers per million people, internet users, fixed broadband subscriptions, and mobile cellular subscriptions. These low figures indicate a significant digital divide and limited access to online resources and communication technologies in Timor-Leste, which could hinder the country's socio-economic development, digital innovation, and global competitiveness in the digital age.

Energy Consumption

Timor-Leste's renewable energy consumption is 11.42% of total final energy consumption, which is significantly below the average of 32.18%. The country ranks 136th out of 191 countries in this attribute.

In terms of CO2 emissions, Timor-Leste emits 446.1 kt, far below the average of 171,895.94 kt. The country ranks 170th out of 188 countries in CO2 emissions.

Summary

Timor-Leste's low renewable energy consumption of 11.42% and minimal CO2 emissions of 446.1 kt compared to global averages indicate a significant opportunity for the country to transition towards sustainable energy sources and reduce its carbon footprint. These findings are crucial as they highlight the need for Timor-Leste to focus on renewable energy development to contribute towards global environmental conservation efforts and mitigate climate change impacts.

Government Balance Sheet

The Net acquisition of financial assets (% of GDP) for Timor-Leste is -9.02%, which is below the average of 2.45%. This places Timor-Leste at rank 87 out of 87 countries included in the data.

Timor-Leste's Net incurrence of liabilities, total (% of GDP) is 1.41%, below the average of 7.43%. The country ranks 83 out of 92 countries in this attribute data.

Timor-Leste's Total reserves (% of total external debt) is 283.23%, significantly higher than the average of 66.13%. This places Timor-Leste at rank 4 out of 102 countries in the dataset.

For Reserves and related items (BoP, current US$), Timor-Leste has -142,022.53 US$, far below the average of 1,924,407,186.58 US$. This puts Timor-Leste at rank 97 out of 171 countries.

Timor-Leste's Total reserves minus gold (current US$) is 656,523,631.71 US$, significantly below the average of 74,221,588,171.61 US$. The country ranks 137 out of 161 countries in this attribute.

The Total reserves (includes gold, current US$) for Timor-Leste is 656,523,631.71 US$, much lower than the average of 85,708,019,773.47 US$. This places Timor-Leste at rank 138 out of 161 countries.

Timor-Leste's Total reserves in months of imports is 4.83 months, below the average of 7.10 months. This ranks Timor-Leste at 91 out of 151 countries in the dataset.

Summary

Timor-Leste displays a mixed performance in key macroeconomic indicators. The country ranks particularly low in terms of net acquisition of financial assets and total reserves minus gold, indicating potential vulnerabilities in managing liabilities and maintaining adequate financial buffers. However, Timor-Leste excels in the ratio of total reserves to total external debt, showcasing a strong ability to cover external obligations. These indicators are crucial as they reflect Timor-Leste's ability to attract investments, manage debt levels, and safeguard against external shocks, all of which are vital for sustaining economic stability and growth.

Government Revenue

Timor-Leste's revenue, excluding grants (% of GDP) stands at 39.65%, which is above the average of 27.02%. The country ranks 15th out of 122 countries in this attribute.

For grants and other revenue (% of revenue), Timor-Leste's value is significantly higher at 74.01% compared to the average of 23.54%. This places Timor-Leste at the 5th position out of 108 countries.

In terms of taxes on goods and services (% of revenue), Timor-Leste has a lower value of 5.96% compared to the average of 31.82%. The country ranks 119th out of 122 countries in this aspect.

For taxes on international trade (% of revenue), Timor-Leste's value of 1.27% is below the average of 6.24%. The country ranks 80th out of 101 countries in this category.

Timor-Leste's value for other taxes (% of revenue) is also below average at 0.08% compared to 2.12%. The country ranks 87th out of 106 countries regarding this attribute.

Lastly, for taxes on income, profits, and capital gains (% of revenue), Timor-Leste's value is below average at 18.69% compared to 24.66%. The country ranks 78th out of 119 countries in this specific category.

Summary

Timor-Leste demonstrates a unique fiscal profile compared to global averages. The country excels in generating revenue excluding grants and in its reliance on grants and other revenue, ranking 15th and 5th respectively. However, Timor-Leste's lower contributions from taxes on goods and services, international trade, other taxes, and income, profits, and capital gains highlight potential areas for reform to improve revenue diversification and sustainability.

These statistics are critical as they provide insight into Timor-Leste's fiscal structure and revenue sources. Understanding these indicators can help policymakers identify strengths to leverage and weaknesses to address in order to promote long-term economic stability and growth.

Taxes

Timor-Leste's tax revenue as a percentage of GDP is 12.64%, below the average of 16.72%. This places Timor-Leste at rank 88 out of 123 countries in the dataset.

The country's customs and other import duties as a percentage of tax revenue stand at 4.88%, also below the average of 9.01%. Timor-Leste is ranked 52 out of 99 countries for this metric.

Timor-Leste's taxes on income, profits, and capital gains account for 71.90% of total taxes, significantly higher than the average of 38.40%. This places the country in 6th position out of 120 countries.

The country's weighted mean tariff rate on all products is 2.53%, below the average of 5.21%. Timor-Leste ranks 91 out of 153 countries for this attribute.

Summary

Timor-Leste exhibits a mixed performance in key macroeconomic indicators. It has lower tax revenue and customs duties compared to the global averages, reflecting potential challenges in revenue generation. However, the country's heavy reliance on taxes on income, profits, and capital gains indicates a strong focus on direct taxation. The below-average tariff rate suggests a more open trade policy which can stimulate economic growth through increased trade and investment.

These findings are important as they highlight Timor-Leste's fiscal strengths and weaknesses. Addressing the lower tax revenue and customs duties percentage could enhance the country's revenue base, while the high reliance on direct taxes may necessitate diversification to reduce dependency risks. The lower tariff rate indicates a commitment to promoting trade and attracting investments, which can boost economic development and create opportunities for growth and stability in the long run.

Government Expenses

Timor-Leste's Expense (% of GDP) stands at 52.19%, which is 20.50% above the average. This places Timor-Leste at rank 6 out of 123 countries in the data set.

Regarding Compensation of employees (% of expense), Timor-Leste's value of 19.53% is below the average by 5.17%. This positions Timor-Leste at rank 71 out of 123 countries.

Goods and services expense (% of expense) in Timor-Leste is notably high at 46.23%, surpassing the average by 31.45%. This places Timor-Leste at rank 2 out of 122 countries.

Timor-Leste's Interest payments (% of expense) are significantly below the average at 0.16%, a difference of -6.69%. This puts Timor-Leste at rank 119 out of 121 countries.

Other expense (% of expense) for Timor-Leste is 20.49%, exceeding the average by 12.20%, and positioning the country at rank 8 out of 120 countries.

Subsidies and other transfers (% of expense) for Timor-Leste stand at 13.59%, which is 29.69% below the average. Timor-Leste is ranked 115 out of 121 countries for this attribute.

Summary

Timor-Leste's macroeconomic indicators reveal a high expense to GDP ratio, with a notable allocation towards goods and services. However, the country ranks relatively lower in compensation of employees and interest payments, indicating potential areas for improvement in human capital investment and debt management. The significant difference in subsidies and transfers suggests a more conservative fiscal approach compared to other countries, which may impact social welfare programs and economic stability in the long term.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Total natural resources rents (% of GDP) 1/175
Natural gas rents (% of GDP) 1/96
General government final consumption expenditure (% of GDP) 4/158
Foreign direct investment, net outflows (% of GDP) 3/155
Current account balance (% of GDP) 10/170
Fuel exports (% of merchandise exports) 1/147
Travel services (% of service exports, BoP) 13/167
Travel services (% of commercial service exports) 1/167
Food imports (% of merchandise imports) 6/152
Fuel imports (% of merchandise imports) 10/152
Communications, computer, etc. (% of service imports, BoP) 2/169
Computer, communications and other services (% of commercial service imports) 2/169
Total reserves (% of total external debt) 4/102
Grants and other revenue (% of revenue) 5/108
Taxes on income, profits and capital gains (% of total taxes) 6/120
Expense (% of GDP) 6/123
Goods and services expense (% of expense) 2/122
Other expense (% of expense) 8/120

Ranks in Bottom Decile For:

Attribute Rank/Total
Military expenditure (current USD) 139/149
Armed forces personnel, total 159/164
Fertilizer consumption (kilograms per hectare of arable land) 184/187
Scientific and technical journal articles 175/192
Charges for the use of intellectual property, payments (BoP, current US$) 142/143
Services, value added (current US$) 166/183
Manufacturing, value added (current US$) 165/173
Manufacturing, value added (% of GDP) 170/173
Inflation, GDP deflator (annual %) 187/188
Broad money to total reserves ratio 116/126
Final consumption expenditure (current US$) 145/159
Household and NPISHs Final consumption expenditure (current US$) 149/158
Foreign direct investment, net inflows (BoP, current US$) 165/182
Foreign direct investment, net inflows (% of GDP) 177/178
Total debt service (% of GNI) 115/120
Public and publicly guaranteed debt service (% of GNI) 111/120
External debt stocks (% of GNI) 118/120
Debt service on external debt, total (TDS, current US$) 120/123
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) 118/123
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) 121/123
External debt stocks, total (DOD, current US$) 122/123
Agricultural raw materials exports (% of merchandise exports) 141/151
Ores and metals exports (% of merchandise exports) 150/152
Manufactures exports (% of merchandise exports) 152/152
Service exports (BoP, current US$) 166/171
ICT service exports (BoP, current US$) 160/166
Transport services (% of service exports, BoP) 156/169
Insurance and financial services (% of service exports, BoP) 161/161
Commercial service exports (current US$) 166/171
Computer, communications and other services (% of commercial service exports) 164/169
Insurance and financial services (% of commercial service exports) 161/161
Transport services (% of commercial service exports) 154/169
Goods imports (BoP, current US$) 155/171
Manufactures imports (% of merchandise imports) 148/152
Ores and metals imports (% of merchandise imports) 145/152
Transport services (% of service imports, BoP) 167/169
Transport services (% of commercial service imports) 167/169
Fixed broadband subscriptions 185/185
CO2 emissions (kt) 170/188
Net acquisition of financial assets (% of GDP) 87/87
Net incurrence of liabilities, total (% of GDP) 83/92
Taxes on goods and services (% of revenue) 119/122
Interest payments (% of expense) 119/121
Subsidies and other transfers (% of expense) 115/121