External balance on goods and services in Timor-Leste
Timor-Leste: External balance on goods and services was -1.15 billion constant LCU in 2024. ◆ Volatile
External balance on goods and services in Timor-Leste, 2015–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Timor-Leste recorded -1.15 billion constant LCU for external balance on goods and services in 2024. That is the lowest value across all 10 years on record.
Compared with earlier readings it is down 44.1% on the previous year and down 33.5% over ten years.
Over the whole period, external balance on goods and services in Timor-Leste peaked at 240.28 million constant LCU in 2020 and was at its lowest, -1.15 billion constant LCU, in 2024.
Timor-Leste ranks 73rd of 161 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Timor-Leste, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2015 | -858.38 million constant LCU | — |
| 2016 | -927.94 million constant LCU | +8.1% |
| 2017 | -862.19 million constant LCU | -7.1% |
| 2018 | -882.94 million constant LCU | +2.4% |
| 2019 | -545.59 million constant LCU | -38.2% |
| 2020 | 240.28 million constant LCU | -144.0% |
| 2021 | 232.59 million constant LCU | -3.2% |
| 2022 | -293.22 million constant LCU | -226.1% |
| 2023 | -795.21 million constant LCU | +171.2% |
| 2024 | -1.15 billion constant LCU | +44.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -815.41 million constant LCU | -927.94 million constant LCU | -545.59 million constant LCU | 5 |
| 2020s | -352.35 million constant LCU | -1.15 billion constant LCU | 240.28 million constant LCU | 5 |
Countries ranked near Timor-Leste
- 70 Samoa -606.66 million constant LCU compare
- 71 Bulgaria -819.96 million constant LCU compare
- 72 Sudan -1.14 billion constant LCU compare
- 74 Estonia -1.22 billion constant LCU compare
- 75 Venezuela, Bolivarian Republic of -1.38 billion constant LCU compare
- 76 Latvia -1.60 billion constant LCU compare
More economy & growth data for Timor-Leste
- Gdp worldbank constant usd, per capita 1,214 units per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.37 (2025)
- Gdp worldbank constant usd 1.72 billion (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- Gdp worldbank constant usd, annual growth rate 6.98 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.9052 units per US$ of GDP (2025)
- Inflation of consumer prices 0.4283 (2025)
- External balance on goods and services as a percent of gdp -74.33 (2024)
- Manufacturing value added to gdp, per capita 0 units per person (2024)
Frequently asked questions
- What is external balance on goods and services in Timor-Leste?
- External balance on goods and services in Timor-Leste was -1.15 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Timor-Leste?
- The highest recorded value was 240.28 million constant LCU in 2020.
- What is the lowest external balance on goods and services recorded in Timor-Leste?
- The lowest recorded value was -1.15 billion constant LCU in 2024.
- How does Timor-Leste rank for external balance on goods and services?
- Timor-Leste ranks 73rd out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Timor-Leste?
- Over the last ten years it is down 33.5%. The long-run trend across the full record is volatile.
- Where does this Timor-Leste data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.