Timor-Leste: Adjusted savings, net national savings (% of GNI)

Key figures

What the numbers say

In 2021, Timor-Leste's adjusted savings, net national savings (% of GNI) fell 26.64 percentage points on 2020 (from 3.03% to -23.61%).

Across the 14 yearly changes before that (2007 to 2020), the average change was −3.62 percentage points and a typical year strayed about 11.3 percentage points from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 12.76 percentage points in 2008 and the biggest yearly fall was 26.64 percentage points in 2021. 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 8.67 percentage points a year. A straight line explains 88% 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 -39.69% 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 11.62%, against 14.7% 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 131st 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

• Namibia — 128th of 132: -5.45%
• Mozambique — 129th of 132: -8.02%
• Guinea — 130th of 132: -10.31%
• Lebanon — 132nd of 132: -25.09%

What this measures

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

Regional and income-group figures are computed by the World Bank as a weighted average.

All 16 values

Adjusted savings, net national savings (% of GNI) in nearby economies

• Australia — 8.75% (2021)
• Brunei Darussalam — 38.38% (2021)
• Cambodia — 19.44% (2021)
• China — 18.77% (2021)
• Fiji — 4.03% (2020)
• Hong Kong SAR, China — 9.14% (2021)
• Indonesia — 13.67% (2021)
• Japan — 1.88% (2021)
• Kiribati — 27.35% (2020)
• Korea, Rep.

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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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Timor-Leste's adjusted savings, net national savings (% of GNI)?

-23.61% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is down 77.3 percentage points from 53.7% in 2006. The highest value was 74.38% in 2011 and the lowest -23.61% in 2021.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNAT.GN.ZS, 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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