Key data points
Last release
—
Observation period
2024
Next release
—
Forecast
—
Highest
16.30 % on Dec 31, 2001
Lowest
−20.60 % on Dec 31, 2022
About East Timor GDP YoY
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.