The Gross Domestic Product (GDP) in East Timor expanded 0.80 percent in 2018 from the previous year. East Timor GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in East Timor averaged 3.94 percent from 2001 until 2018, reaching an all time high of 16.30 percent in 2001 and a record low of -6.70 percent in 2002. This page provides - East Timor GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in East Timor is expected to reach 5.20 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the East Timor GDP Annual Growth Rate is projected to trend around 4.60 percent in 2021 and 4.80 percent in 2022, according to our econometric models.


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East Timor GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 -4.60 16.30 -6.70 2001 - 2018 percent Yearly


East Timor GDP Annual Growth Rate
East Timor is one of the youngest countries in the world. After years of wars and political turmoil, the economy of this once poorest country in Asia, has been steady growing due to offshore oil and gas extraction. Services contribute the most to the country's output (56 percent of GDP), but agriculture (26 percent of GDP) employs around 64 percent of the labour force and remains undeveloped. In 2005, the government has set up the East Timor Petroleum Fund, which now is the main source of funds for infrastructure development and social benefits.