Skip to main content
Home › Countries › Timor-Leste › GDP (current US$)

Timor-Leste: GDP (current US$)

In , Timor-Leste's GDP (current US$) was $1.87 billion.

That's down 10.3% from 2023, the highest value since .

The global average for this indicator in 2024 was $572.20 billion . Timor-Leste ranks #177 globally out of 192 reporting countries. Within East Asia & Pacific, it ranks #23 of 30.

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

Trend (2005–2024)

Timor-Leste GDP (current US$) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
$3.63B
Trough
453.79M
1-year change
-10.3%
5-year change
-8.2%
-1.7% / yr
10-year change
+28.9%
+2.6% / yr

Real vs nominal growth

Over the last 10 years, Timor-Leste's nominal GDP (current US$) changed by +28.9%, while real (inflation-adjusted) GDP (constant 2015 US$) changed by +3.7%. The +25.2 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.

Historical Data — Last 10 Years

Year GDP (current US$)
1.866B
2.080B
3.209B
3.625B
2.163B
2.033B
1.556B
1.585B
1.640B
1.590B

About GDP (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.CD • 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 (current US$) in 2024?
In 2024, Timor-Leste's GDP (current US$) was $1.87 billion, according to World Bank Open Data.
Is Timor-Leste's GDP (current US$) rising or falling?
Timor-Leste's GDP (current US$) fell 10.3% from 2023 to 2024.
How does Timor-Leste rank globally on GDP (current US$)?
In 2024, Timor-Leste ranked #177 out of 192 countries reporting GDP (current US$).
How does Timor-Leste's GDP (current US$) compare to the world average?
The global average for GDP (current US$) in 2024 was $572.20 billion, so Timor-Leste is below the world average. Within East Asia & Pacific, it ranks #23 of 30.
What is GDP (current US$) 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Download this data: CSV JSON

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