Timor-Leste's adjusted savings, gross savings (% of GNI) was -10.79% in 2021, the latest year in the World Bank's World Development Indicators. That is down 86.55 percentage points from 75.76% in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -10.79% | 2021 |
| Five years earlier | 15.54% | 2016 |
| Ten years earlier | 75.76% | 2011 |
| Highest | 75.76% | 2011 |
| Lowest | -10.79% | 2021 |
| Average since 2012 | 27.54% | 2012–2021 |
| First recorded | 55.54% | 2006 |
What the numbers say
In 2021, Timor-Leste's adjusted savings, gross savings (% of GNI) fell 19.71 percentage points on 2020 (from 8.93% to -10.79%).
Across the 14 yearly changes before that (2007 to 2020), the average change was −3.33 percentage points and a typical year strayed about 10.84 percentage points from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 12.39 percentage points in 2008 and the biggest yearly fall was 23.52 percentage points in 2016. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 the straight-line trend is downward, about 7.83 percentage points a year. A straight line explains 87% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Timor-Leste had the 132nd highest value of the 132 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Timor-Leste in the 2021 ranking
What this measures
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.
Limitations: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 16 values
| Year | Adjusted savings, gross savings (% of GNI) |
|---|---|
| 2021 | -10.79 |
| 2020 | 8.93 |
| 2019 | 22.06 |
| 2018 | 10.04 |
| 2017 | 14.27 |
| 2016 | 15.54 |
| 2015 | 39.06 |
| 2014 | 45.94 |
| 2013 | 61.75 |
| 2012 | 68.56 |
| 2011 |
Adjusted savings, gross savings (% of GNI) in nearby economies
- Australia — 26.06% (2021)
- Brunei Darussalam — 49.44% (2021)
- Cambodia — 30.17% (2021)
- China — 45.3% (2021)
- Fiji — 16.41% (2020)
- Hong Kong SAR, China — 26.99% (2021)
- Indonesia — 33.98% (2021)
- Japan — 27.08% (2021)
- Kiribati — 31.7% (2020)
- Korea, Rep. — 36.19% (2021)
More economic policy & debt data for Timor-Leste
- Short-term debt (% of total external debt) — 0.43% (2024)
- IFC, private nonguaranteed (NFL, current US$) — −US$750,000 (2024)
- Adjusted savings, education expenditure (% of GNI) — 3.19% (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Grants, excluding technical cooperation (BoP, current US$) — US$221.69 million (2023)
- Net official development assistance and official aid received (current US$) — US$259.94 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$259.94 million (2023)
- Net official development assistance received (current US$) — US$259.94 million (2023)
Reading data like this
Questions people ask
- What is Timor-Leste's adjusted savings, gross savings (% of GNI)?
- -10.79% in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is down 66.32 percentage points from 55.54% in 2006. The highest value was 75.76% in 2011 and the lowest -10.79% in 2021.
- How does Timor-Leste rank?
- 132nd highest of 132 economies with data for 2021.
- Is the latest change in adjusted savings, gross savings (% of GNI) unusual for Timor-Leste?
- In 2021, Timor-Leste's adjusted savings, gross savings (% of GNI) fell 19.71 percentage points on 2020 (from 8.93% to -10.79%). Across the 14 yearly changes before that (2007 to 2020), the average change was −3.33 percentage points and a typical year strayed about 10.84 percentage points from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.ADJ.ICTR.GN.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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