Gross savings in Timor-Leste
Timor-Leste: Gross savings was -21.1% in 2024. ◆ Volatile
Gross savings in Timor-Leste, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Timor-Leste is -21.1%, measured in 2024. That is the lowest value across all 19 years on record.
That represents a change of down 149.0% on the previous year and down 119.9% over ten years.
Over the whole period, gross savings in Timor-Leste peaked at 373.0% in 2008 and was at its lowest, -21.1%, in 2024.
That places Timor-Leste 178th out of 178 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.
Gross savings in Timor-Leste, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 159.2% | — |
| 2007 | 224.0% | +40.7% |
| 2008 | 373.0% | +66.5% |
| 2009 | 218.8% | -41.3% |
| 2010 | 257.3% | +17.6% |
| 2011 | 332.9% | +29.4% |
| 2012 | 255.1% | -23.4% |
| 2013 | 183.7% | -28.0% |
| 2014 | 105.9% | -42.3% |
| 2015 | 68.6% | -35.2% |
| 2016 | 21.1% | -69.2% |
| 2017 | 20.4% | -3.4% |
| 2018 | 14.5% | -29.1% |
| 2019 | 44.7% | +208.4% |
| 2020 | 20.6% | -53.9% |
| 2021 | 42.7% | +107.5% |
| 2022 | 23.6% | -44.7% |
| 2023 | -8.5% | -135.9% |
| 2024 | -21.1% | +149.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 243.7% | 159.2% | 373.0% | 4 |
| 2010s | 130.4% | 14.5% | 332.9% | 10 |
| 2020s | 11.5% | -21.1% | 42.7% | 5 |
Countries ranked near Timor-Leste
More economy & growth data for Timor-Leste
- Manufacturing, value added (constant 2015 US$), per capita 20.71 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0155 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 25.31 current LCU per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.019 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 25.31 current US$ per person (2024)
- Manufacturing, value added (current US$), per unit of GDP 0.019 current US$ per US$ of GDP (2024)
- Gross national expenditure 2.76 billion constant 2015 US$ (2024)
- Final consumption expenditure 2.21 billion constant 2015 US$ (2024)
- Final consumption expenditure 2.7% (2024)
- Industry (including construction), value added 115.48 million constant LCU (2024)
Frequently asked questions
- What is gross savings in Timor-Leste?
- Gross savings in Timor-Leste was -21.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Timor-Leste?
- The highest recorded value was 373.0% in 2008.
- What is the lowest gross savings recorded in Timor-Leste?
- The lowest recorded value was -21.1% in 2024.
- How does Timor-Leste rank for gross savings?
- Timor-Leste ranks 178th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Timor-Leste?
- Over the last ten years it is down 119.9%. 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 Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.