Timor-Leste: Adjusted savings, net national savings (current US$)

Key figures

What the numbers say

In 2021, Timor-Leste's adjusted savings, net national savings (current US$) fell US$518.1 million on 2020 (from US$72.38 million to −US$445.72 million).

Across the 14 yearly changes before that (2007 to 2020), the average change was −US$44.73 million and a typical year strayed about US$721.27 million from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was US$1.2 billion in 2008 and the biggest yearly fall was US$1.02 billion in 2014. 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 US$329.11 million a year. A straight line explains 82% 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.

A straight-line projection, tested first

Extending that straight line gives about −US$1.57 billion for 2024. We show this only because the same method, fitted on earlier years, predicted 2019 to 2021 better than "no change" would have: its average miss was US$228.64 million, against US$328.89 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2021, Timor-Leste had the 122nd 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

• Seychelles — 118th of 132: −US$52.43 million
• Iceland — 119th of 132: −US$291.32 million
• Mauritius — 120th of 132: −US$378.18 million
• Georgia — 122nd of 132: −US$510.69 million
• Cyprus — 123rd of 132: −US$549.8 million
• Namibia — 124th of 132: −US$658.12 million

What this measures

Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.

All 16 values

Adjusted savings, net national savings (current US$) in nearby economies

• Australia — US$134.41 billion (2021)
• Brunei Darussalam — US$5.41 billion (2021)
• Cambodia — US$4.97 billion (2021)
• China — US$3.3 trillion (2021)
• Fiji — US$169.06 million (2020)
• Hong Kong SAR, China — US$36.15 billion (2021)
• Indonesia — US$157.76 billion (2021)
• Japan — US$96.19 billion (2021)
• Kiribati — US$92.32 million (2020)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Timor-Leste's adjusted savings, net national savings (current US$)?

−US$445.72 million in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is down 163.8% from US$698.61 million in 2006. The highest value was US$3.41 billion in 2011 and the lowest −US$445.72 million in 2021.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNAT.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, 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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