Gross Domestic Product — Value US$, 2015 prices in Timor-Leste
Timor-Leste: Gross Domestic Product — Value US$, 2015 prices was 1,731 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Timor-Leste, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Timor-Leste recorded 1,731 million USD for gross domestic product — value us$, 2015 prices in 2024.
Compared with earlier readings it is down 2.2% on the previous year and up 11.5% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Timor-Leste peaked at 2,721 million USD in 2021 and was at its lowest, 725.69 million USD, in 1990.
Timor-Leste ranks 18th of 20 regions on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Timor-Leste, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 725.69 million USD | — |
| 1991 | 803.45 million USD | +10.7% |
| 1992 | 887.48 million USD | +10.5% |
| 1993 | 978.05 million USD | +10.2% |
| 1994 | 1,048 million USD | +7.1% |
| 1995 | 1,118 million USD | +6.7% |
| 1996 | 1,207 million USD | +8.0% |
| 1997 | 1,225 million USD | +1.5% |
| 1998 | 1,168 million USD | -4.6% |
| 1999 | 734.72 million USD | -37.1% |
| 2000 | 832.13 million USD | +13.3% |
| 2001 | 968.16 million USD | +16.3% |
| 2002 | 903.29 million USD | -6.7% |
| 2003 | 883.58 million USD | -2.2% |
| 2004 | 887.11 million USD | +0.4% |
| 2005 | 913.9 million USD | +3.0% |
| 2006 | 876.38 million USD | -4.1% |
| 2007 | 966.02 million USD | +10.2% |
| 2008 | 1,076 million USD | +11.3% |
| 2009 | 1,183 million USD | +10.0% |
| 2010 | 1,297 million USD | +9.6% |
| 2011 | 1,374 million USD | +6.0% |
| 2012 | 1,441 million USD | +4.9% |
| 2013 | 1,485 million USD | +3.1% |
| 2014 | 1,552 million USD | +4.5% |
| 2015 | 1,595 million USD | +2.8% |
| 2016 | 1,649 million USD | +3.4% |
| 2017 | 1,597 million USD | -3.1% |
| 2018 | 1,586 million USD | -0.7% |
| 2019 | 1,957 million USD | +23.4% |
| 2020 | 2,583 million USD | +32.0% |
| 2021 | 2,721 million USD | +5.4% |
| 2022 | 2,161 million USD | -20.6% |
| 2023 | 1,770 million USD | -18.1% |
| 2024 | 1,731 million USD | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 989.48 million USD | 725.69 million USD | 1,225 million USD | 10 |
| 2000s | 948.91 million USD | 832.13 million USD | 1,183 million USD | 10 |
| 2010s | 1,553 million USD | 1,297 million USD | 1,957 million USD | 10 |
| 2020s | 2,193 million USD | 1,731 million USD | 2,721 million USD | 5 |
Countries ranked near Timor-Leste
- 15 Spain 1.42 million million USD compare
- 16 Mexico 1.35 million million USD compare
- 17 Indonesia 1.24 million million USD compare
- 18 Netherlands (Kingdom of the) 926,182 million USD compare
- 19 Switzerland 811,110 million USD compare
- 20 Saudi Arabia 790,147 million USD compare
- 21 Poland 656,687 million USD compare
More economy & growth data for Timor-Leste
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.67 Percent per annum (2029)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 19.5 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices -3.33 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 359.64 million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 359.64 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 337.48 million SLC (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 337.48 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 19.12 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -0.4629 % (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Timor-Leste?
- Gross domestic product — value us$, 2015 prices in Timor-Leste was 1,731 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Timor-Leste?
- The highest recorded value was 2,721 million USD in 2021.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Timor-Leste?
- The lowest recorded value was 725.69 million USD in 1990.
- How does Timor-Leste rank for gross domestic product — value us$, 2015 prices?
- Timor-Leste ranks 18th out of 20 regions with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Timor-Leste?
- Over the last ten years it is up 11.5%. The long-run trend across the full record is rising.
- Where does this Timor-Leste data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).