External balance on goods and services as a percent of GDP in Timor-Leste
Timor-Leste: External balance on goods and services as a percent of GDP was -74.3% in 2024. ◆ Volatile
External balance on goods and services as a percent of GDP in Timor-Leste, 2000–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2024, external balance on goods and services as a percent of gdp in Timor-Leste stood at -74.3%.
Compared with earlier readings it is down 71.0% on the previous year and down 1.0% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Timor-Leste peaked at 27.2% in 2021 and was at its lowest, -164.8%, in 2002.
That places Timor-Leste 190th out of 191 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services as a percent of GDP in Timor-Leste, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | -154.4% | — |
| 2001 | -148.8% | -3.6% |
| 2002 | -164.8% | +10.8% |
| 2003 | -108.6% | -34.1% |
| 2004 | -92.4% | -14.9% |
| 2005 | -60.4% | -34.6% |
| 2006 | -80.4% | +33.1% |
| 2007 | -108.8% | +35.3% |
| 2008 | -116.6% | +7.2% |
| 2009 | -139.4% | +19.6% |
| 2010 | -117.3% | -15.8% |
| 2011 | -128.0% | +9.1% |
| 2012 | -114.3% | -10.7% |
| 2013 | -68.5% | -40.1% |
| 2014 | -73.6% | +7.5% |
| 2015 | -54.0% | -26.7% |
| 2016 | -54.0% | +0.0% |
| 2017 | -53.8% | -0.3% |
| 2018 | -59.0% | +9.5% |
| 2019 | -28.2% | -52.2% |
| 2020 | -11.4% | -59.5% |
| 2021 | 27.2% | -337.9% |
| 2022 | 13.6% | -49.9% |
| 2023 | -43.5% | -419.5% |
| 2024 | -74.3% | +71.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -117.4% | -164.8% | -60.4% | 10 |
| 2010s | -75.0% | -128.0% | -28.2% | 10 |
| 2020s | -17.7% | -74.3% | 27.2% | 5 |
Countries ranked near Timor-Leste
More economy & growth data for Timor-Leste
- Exports of goods and services (current US$), annual growth rate -58.69 % change on previous year (2024)
- Gross national expenditure (current LCU), per capita 2,322 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 7.4 % change on previous year (2024)
- Gross national expenditure (constant 2015 US$), per unit of GDP 1.48 constant 2015 US$ per US$ of GDP (2024)
- Gross national expenditure (constant 2015 US$), per capita 1,968 constant 2015 US$ per person (2024)
- Exports of goods and services (current US$), per capita 140.62 current US$ per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 0.1056 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -58.69 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 1.74 current LCU per US$ of GDP (2024)
- Exports of goods and services (current US$), per unit of GDP 0.1056 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is external balance on goods and services as a percent of gdp in Timor-Leste?
- External balance on goods and services as a percent of gdp in Timor-Leste was -74.3% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Timor-Leste?
- The highest recorded value was 27.2% in 2021.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Timor-Leste?
- The lowest recorded value was -164.8% in 2002.
- How does Timor-Leste rank for external balance on goods and services as a percent of gdp?
- Timor-Leste ranks 190th out of 191 countries with data for 2024.
- Is external balance on goods and services as a percent of gdp rising or falling in Timor-Leste?
- Over the last ten years it is down 1.0%. The long-run trend across the full record is volatile.
- Where does this Timor-Leste data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.