The Gross Domestic Product (GDP) in East Timor expanded 2.90 percent in 2021 over the previous year. The recovery is mainly due to the expansion of public demand - which is expected to have risen 2.7%, in real terms, in 2021 - and of private demand, which should have increased by 1.8% in the
year. However, as has been normal in the past, the domestic demand expansion led to an increase in net imports, which grew by 2.8%, thus canceling part of the effect of the recovery in domestic demand. source: National Statistics Directorate, Timor
GDP Annual Growth Rate in East Timor averaged 3.21 percent from 2001 until 2021, reaching an all time high of 16.30 percent in 2001 and a record low of -6.80 percent in 2020. This page provides - East Timor GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. East Timor GDP Annual Growth Rate - values, historical data and charts - was last updated on November of 2022.
GDP Annual Growth Rate in East Timor is expected to reach 4.60 percent by the end of 2022, 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 2023 and 4.80 percent in 2024, according to our econometric models.