What was Timor-Leste's GDP (constant 2015 US$) in 2024?

In 2024, Timor-Leste's GDP (constant 2015 US$) was $1.61 billion, according to World Bank Open Data.

Is Timor-Leste's GDP (constant 2015 US$) rising or falling?

Timor-Leste's GDP (constant 2015 US$) fell 9.1% from 2023 to 2024.

How does Timor-Leste rank globally on GDP (constant 2015 US$)?

In 2024, Timor-Leste ranked #178 out of 192 countries reporting GDP (constant 2015 US$).

How does Timor-Leste's GDP (constant 2015 US$) compare to the world average?

The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Timor-Leste is below the world average. Within East Asia & Pacific, it ranks #22 of 29.

Timor-Leste: GDP (constant 2015 US$)

Name: Timor-Leste: GDP (constant 2015 US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Timor-Leste's GDP (constant 2015 US$) was $1.61 billion.

That's down 9.1% from 2023, the highest value since 2023.

The global average for this indicator in 2024 was $497.78 billion . Timor-Leste ranks #178 globally out of 192 reporting countries. Within East Asia & Pacific, it ranks #22 of 29.

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: $2.72B; 2021
Trough: 876.57M; 2006
1-year change: -9.1%
5-year change: -17.9%; -3.9% / yr
10-year change: +3.7%; +0.4% / yr

Historical Data — Last 10 Years

Year	GDP (constant 2015 US$)
2024	1.610B
2023	1.771B
2022	2.163B
2021	2.722B
2020	2.583B
2019	1.961B
2018	1.579B
2017	1.586B
2016	1.638B
2015	1.590B

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Timor-Leste's GDP (constant 2015 US$) in 2024?: In 2024, Timor-Leste's GDP (constant 2015 US$) was $1.61 billion, according to World Bank Open Data.
Is Timor-Leste's GDP (constant 2015 US$) rising or falling?: Timor-Leste's GDP (constant 2015 US$) fell 9.1% from 2023 to 2024.
How does Timor-Leste rank globally on GDP (constant 2015 US$)?: In 2024, Timor-Leste ranked #178 out of 192 countries reporting GDP (constant 2015 US$).
How does Timor-Leste's GDP (constant 2015 US$) compare to the world average?: The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Timor-Leste is below the world average. Within East Asia & Pacific, it ranks #22 of 29.
What is GDP (constant 2015 US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.