East Timor Current Account to GDP

East Timor recorded a Current Account deficit of 11.80 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in East Timor averaged 82.98 percent from 2006 until 2018, reaching an all time high of 252 percent in 2012 and a record low of -32.20 percent in 2016.

Current Account to GDP in East Timor is expected to be -12.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the East Timor Current Account to GDP is projected to trend around 1.80 percent in 2020, according to our econometric models.

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East Timor Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-58146.41	-39340.48	75032.23	-248083.00	USD Thousand	[+]
Current Account	-339.00	545.00	2736.00	-339.00	USD Million	[+]
Current Account to GDP	-11.80	-16.10	252.00	-32.20	percent	[+]
Exports	3318.36	5154.75	131047.24	0.00	USD Thousand	[+]
Imports	61464.78	44495.22	343421.85	0.00	USD Thousand	[+]
Terrorism Index	0.00	0.00	2.49	0.00		[+]
Tourist Arrivals	17458.00	25878.00	25923.00	11554.00		[+]

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - East Timor Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. East Timor Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on October of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-11.80	-16.10	252.00	-32.20	2006 - 2018	percent	Yearly

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	2.90	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.80	May/19	-1.7	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-2.60	Dec/18	-2.8	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
South Africa	-3.60	Dec/18	-2.5	6 : -7.5	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%