Economy - overview:
In late 1999, about 70% of the economic infrastructure of East Timor was laid waste by Indonesian troops and anti-independence militias, and 260,000 people fled westward. Over the next three years, however, a massive international program, manned by 5,000 peacekeepers (8,000 at peak) and 1,300 police officers, led to substantial reconstruction in both urban and rural areas. By mid-2002, all but about 50,000 of the refugees had returned. The country faces great challenges in continuing the rebuilding of infrastructure and the strengthening of the infant civil administration. One promising long-term project is the planned development of oil resources in nearby waters.
GDP:
purchasing power parity - $440 million (2001 est.)
GDP - real growth rate:
18% (2001 est.)
GDP - per capita:
purchasing power parity - $500 (2001 est.)
GDP - composition by sector:
agriculture: 25.4%
industry: 17.2%
services: 57.4% (2001)
Population below poverty line:
42% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Distribution of family income - Gini index:
38 (2002 est.)
Inflation rate (consumer prices):
NA%
Labor force:
NA
Labor force - by occupation:
NA
Unemployment rate:
50% (including underemployment)
Budget:
revenues: $36 million
expenditures: $97 million, including capital expenditures of $NA (2003 est.)
Industries:
printing, soap manufacturing, handicrafts, woven cloth
Industrial production growth rate:
8.5%
Electricity - production:
NA kWh
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
other: 0%
nuclear: 0%
Electricity - consumption:
NA kWh
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
Agriculture - products:
coffee, rice, maize, cassava, sweet potatoes, soybeans, cabbage, mangoes, bananas, vanilla
Exports:
$8 million (2001 est.)
Exports - commodities:
coffee, sandalwood, marble; note - the potential for oil and vanilla exports
Exports - partners:
NA
Imports:
$237 million (2001 est.)
Imports - commodities:
mainly food (2001)
Imports - partners:
NA
Debt - external:
$NA
Economic aid - recipient:
$2.2 billion (1999-2002 est.)
Currency:
Indonesian Rupiah (IDR)
Currency code:
IDR
Exchange rates:
Indonesian Rupiahs per US dollar - 25,000 (2003)
Fiscal year:
1 July - 30 June
NOTE: The information regarding East Timor on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about East Timor Economy 2003 should be addressed to the CIA.
