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. 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 September of 2020.

Current Account to GDP in East Timor is expected to reach -3.00 percent by the end of 2020, 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 -0.50 percent in 2021 and -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
-11.80 -16.10 252.00 -32.20 2006 - 2018 percent Yearly

East Timor Trade Last Previous Highest Lowest Unit
Balance of Trade -33123.65 -42396.89 75032.23 -248083.00 USD Thousand [+]
Current Account -191.20 -283.50 2736.00 -544.50 USD Million [+]
Current Account to GDP -11.80 -16.10 252.00 -32.20 percent [+]
Imports 35544.97 71020.38 343421.85 1405.59 USD Thousand [+]
Exports 2421.98 28633.40 174162.37 -52862.17 USD Thousand [+]
Terrorism Index 0.00 0.00 2.49 0.00 [+]
Tourist Arrivals 22250.00 22227.00 25923.00 11554.00 [+]


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.