Timor-Leste's claims on central government (annual growth as % of broad money) was -13.74% in 2025, the latest year in the World Bank's World Development Indicators. That is up 8.31 percentage points from -22.05% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -13.74% | 2025 |
| Five years earlier | -4.37% | 2020 |
| Ten years earlier | -22.05% | 2015 |
| Highest | 88.8% | 2014 |
| Lowest | -204.13% | 2004 |
| Average since 2016 | -6.76% | 2016–2025 |
| First recorded | -36.77% | 2003 |
What the numbers say
In 2025, Timor-Leste's claims on central government (annual growth as % of broad money) fell 21.82 percentage points on 2024 (from 8.09% to -13.74%).
Across the 21 yearly changes before that (2004 to 2024), the average change was +2.14 percentage points and a typical year strayed about 105.99 percentage points from that (the standard deviation). This year's change was 0.2 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 258.03 percentage points in 2005 and the biggest yearly fall was 222.99 percentage points in 2007. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Timor-Leste had the 96th highest value of the 95 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 2025 ranking
- Uzbekistan — 92nd of 95: -5.27%
- Ukraine — 93rd of 95: -6.59%
- Samoa — 94th of 95: -7.3%
What this measures
Claims on central government include loans to central government institutions net of deposits. Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator represents the annual percentage growth in the ratio of claims to broad money.
Limitations: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period.
All 23 values
| Year | Claims on central government (annual growth as % of broad money) |
|---|---|
| 2025 | -13.74 |
| 2024 | 8.09 |
| 2023 | 12.26 |
| 2022 | -17.32 |
| 2021 | -8.98 |
| 2020 | -4.37 |
| 2019 | -16.61 |
| 2018 | -7.15 |
| 2017 | -7.17 |
| 2016 | -12.59 |
| 2015 |
Claims on central government (annual growth as % of broad money) in nearby economies
- Australia — -0.29% (2025)
- Brunei Darussalam — -0.12% (2025)
- Cambodia — -0.1% (2025)
- China — 3.38% (2024)
- Fiji — -3.31% (2024)
- Hong Kong SAR, China — 0.39% (2025)
- Indonesia — 3.06% (2025)
- Japan — -3.42% (2025)
- Korea, Rep.
More financial sector data for Timor-Leste
- Official exchange rate (LCU per US$, period average) — US$1 (2025)
- GDP deflator (base year varies by country) — 110.47 (2025)
- GDP deflator, linked series (base year varies by country) — 110.47 (2025)
- DEC alternative conversion factor (LCU per US$) — US$1 (2025)
- Inflation, GDP deflator (annual % growth) — -4.69% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — -4.69% (2025)
- Domestic credit to private sector by banks (% of GDP) — 39.03% (2025)
- Bank liquid reserves to bank assets ratio (%) — 9.54% (2025)
- Net domestic credit (current LCU)
Reading data like this
Questions people ask
- What is Timor-Leste's claims on central government (annual growth as % of broad money)?
- -13.74% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2003?
- It is up 23.04 percentage points from -36.77% in 2003. The highest value was 88.8% in 2014 and the lowest -204.13% in 2004.
- How does Timor-Leste rank?
- 96th highest of 95 economies with data for 2025.
- Is the latest change in claims on central government (annual growth as % of broad money) unusual for Timor-Leste?
- In 2025, Timor-Leste's claims on central government (annual growth as % of broad money) fell 21.82 percentage points on 2024 (from 8.09% to -13.74%). Across the 21 yearly changes before that (2004 to 2024), the average change was +2.14 percentage points and a typical year strayed about 105.99 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FM.AST.CGOV.ZG.M3, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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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