Current Account to GDP in East Timor increased to 7 percent in 2019 from -11.80 percent in 2018. source: Central Bank of Timor-Leste

Current Account to GDP in East Timor averaged 77.56 percent from 2006 until 2019, reaching an all time high of 252 percent in 2012 and a record low of -32.20 percent in 2016. 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 - values, historical data and charts - was last updated on January of 2021.

Current Account to GDP in East Timor is expected to reach -0.50 percent by the end of 2021, 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 -12.50 percent in 2022, according to our econometric models.

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East Timor Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
7.00 -11.80 252.00 -32.20 2006 - 2019 percent Yearly

East Timor Trade Last Previous Highest Lowest Unit
Balance of Trade -22619.13 -35609.47 75032.23 -248083.00 USD Thousand [+]
Current Account 133.00 -191.20 2736.00 -544.50 USD Million [+]
Current Account to GDP 7.00 -11.80 252.00 -32.20 percent [+]
Imports 50959.14 62307.69 343421.85 1405.59 USD Thousand [+]
Exports 28340.01 26698.22 174162.37 -52862.17 USD Thousand [+]
Terrorism Index 0.00 0.00 2.49 0.00 [+]
Tourist Arrivals 225.00 14348.00 25923.00 225.00 [+]


East Timor Current Account to GDP
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.