Timor-Leste's external balance on goods and services (constant LCU) was -1.15 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 110.08% from -545.59 million in 2019.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -1.15 billion | 2024 |
| Five years earlier | -545.59 million | 2019 |
| Highest | 240.28 million | 2020 |
| Lowest | -1.15 billion | 2024 |
| Average since 2015 | -583.88 million | 2015–2024 |
| First recorded | -858.38 million | 2015 |
Over five years it is down 110.08% from -545.59 million in 2019. Since 2015 it is down 33.53% from -858.38 million in 2015.
What the numbers say
In 2024, Timor-Leste's external balance on goods and services (constant LCU) fell 350.99 million on 2023 (from -795.21 million to -1.15 billion).
Across the 8 yearly changes before that (2016 to 2023), the average change was +7.9 million and a typical year strayed about 425.78 million from that (the standard deviation). This year's change was 0.8 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 785.88 million in 2020 and the biggest yearly fall was 525.82 million in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 4% 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 2024, Timor-Leste had the 11th highest value of the 18 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 2024 ranking
- Belize — 8th of 18: 25.1 million
- Marshall Islands — 9th of 18: -110.12 million
- Cuba — 10th of 18: -354 million
- New Zealand — 12th of 18: -3.69 billion
- Solomon Islands — 13th of 18: -4.73 billion
- Vanuatu — 14th of 18: -35.09 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 10 values
| Year | External balance on goods and services (constant LCU) |
|---|---|
| 2024 | -1,146,197,600 |
| 2023 | -795,209,300 |
| 2022 | -293,223,100 |
| 2021 | 232,592,000 |
| 2020 | 240,283,400 |
| 2019 | -545,593,300 |
| 2018 | -882,939,600 |
| 2017 | -862,187,600 |
| 2016 | -927,941,900 |
| 2015 | -858,375,700 |
External balance on goods and services (constant LCU) in nearby economies
- American Samoa — -249 million (2022)
- Brunei Darussalam — 4.61 billion (2025)
- Cambodia — -3.91 trillion (2025)
- Guam — -3.3 billion (2022)
- Indonesia — 616.22 trillion (2025)
- Japan — 5.75 trillion (2024)
- Malaysia — 56.44 billion (2025)
- Marshall Islands — -110.12 million (2024)
- Mongolia — -11.74 trillion (2025)
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 external balance on goods and services (constant LCU)?
- -1.15 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2015?
- It is down 33.53% from -858.38 million in 2015. The highest value was 240.28 million in 2020 and the lowest -1.15 billion in 2024.
- How does Timor-Leste rank?
- 11th highest of 18 economies with data for 2024.
- Is the latest change in external balance on goods and services (constant LCU) unusual for Timor-Leste?
- In 2024, Timor-Leste's external balance on goods and services (constant LCU) fell 350.99 million on 2023 (from -795.21 million to -1.15 billion). Across the 8 yearly changes before that (2016 to 2023), the average change was +7.9 million and a typical year strayed about 425.78 million from that (the standard deviation). This year's change was 0.8 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 NE.RSB.GNFS.KN, 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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