External balance on goods and services in Timor-Leste
Timor-Leste: External balance on goods and services was -74.3% in 2024. ◆ Volatile
External balance on goods and services in Timor-Leste, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services in Timor-Leste is -74.3%, measured in 2024.
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 in Timor-Leste peaked at 27.2% in 2021 and was at its lowest, -164.8%, in 2002.
That places Timor-Leste 192nd out of 193 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 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$), per unit of GDP 0.1056 current US$ per US$ of GDP (2024)
- Gross fixed capital formation (current US$), annual growth rate 39.59 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per capita 71.43 constant 2015 US$ per person (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.0536 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate -68.51 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 140.62 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 0.1056 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -58.69 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 140.62 current US$ per person (2024)
- Gross national expenditure (current LCU), per unit of GDP 1.74 current LCU per US$ of GDP (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 -74.3% 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 27.2% in 2021.
- What is the lowest external balance on goods and services 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?
- Timor-Leste ranks 192nd out of 193 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 1.0%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.