publication March 20, 2018

March 2018 Timor-Leste Economic Report: Lower Public Spending Leads to Slower Growth

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The World Bank


Key findings:

  • GDP growth has fallen sharply in 2017 to a projected -1.8 percent.
  • Reserve assets grow and the outlook for tourism and petroleum remains positive.
  • Private consumption has been robust in 2017, but public and private investment has declined.
  • Offshore oil production continues to decline, however strong Petroleum Fund investment returns has lifted GNI.
  • Coffee exports dropped from US$23million in 2016 to US$14million in 2017. This reflects seasonal volatility and exports continue to trend upwards over the long term.