Timor-Leste's gross capital formation (annual % growth) was 32.18% in 2024, the latest year in the World Bank's World Development Indicators. That is up 24.86 percentage points from 7.32% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 32.18% | 2024 |
| Five years earlier | -5.46% | 2019 |
| Ten years earlier | 7.32% | 2014 |
| Highest | 87.33% | 2008 |
| Lowest | -34.5% | 2020 |
| Average since 2015 | 1.8% | 2015–2024 |
| First recorded | 10.49% | 2001 |
What the numbers say
In 2024, Timor-Leste's gross capital formation (annual % growth) rose 8.75 percentage points on 2023 (from 23.44% to 32.18%).
Across the 22 yearly changes before that (2002 to 2023), the average change was +0.59 percentage points and a typical year strayed about 46.71 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above 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 99.92 percentage points in 2007 and the biggest yearly fall was 79.21 percentage points in 2012. 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 7% 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 1st highest value of the 31 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.
| Value | Year | |
|---|---|---|
| Timor-Leste | 32.18% | 2024 |
| World | 2.87% | 2025 |
| East Asia & Pacific | 2.01% | 2025 |
| Lower middle income | 6.24% | 2025 |
Closest to Timor-Leste in the 2024 ranking
- Kiribati — 2nd of 31: 32.07%
- Maldives — 3rd of 31: 20.4%
- Bahamas, The — 4th of 31: 19.77%
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 24 values
| Year | Gross capital formation (annual % growth) |
|---|---|
| 2024 | 32.18 |
| 2023 | 23.44 |
| 2022 | -34.05 |
| 2021 | 40.04 |
| 2020 | -34.5 |
| 2019 | -5.46 |
| 2018 | -0.778 |
| 2017 | -13.61 |
| 2016 | 15.69 |
| 2015 | -5.02 |
| 2014 |
Gross capital formation (annual % growth) in nearby economies
- Brunei Darussalam — -5.97% (2025)
- Cambodia — 3.71% (2025)
- China — 1.94% (2025)
- Indonesia — 4.03% (2025)
- Japan — -0.82% (2024)
- Kiribati — 32.07% (2024)
- Korea, Rep. — -1.74% (2025)
- Lao PDR — 7% (2016)
- Macao SAR, China — -7.76% (2025)
- Malaysia — 9.11% (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 gross capital formation (annual % growth)?
- 32.18% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2001?
- It is up 21.69 percentage points from 10.49% in 2001. The highest value was 87.33% in 2008 and the lowest -34.5% in 2020.
- How does Timor-Leste rank?
- 1st highest of 31 economies with data for 2024.
- Is the latest change in gross capital formation (annual % growth) unusual for Timor-Leste?
- In 2024, Timor-Leste's gross capital formation (annual % growth) rose 8.75 percentage points on 2023 (from 23.44% to 32.18%). Across the 22 yearly changes before that (2002 to 2023), the average change was +0.59 percentage points and a typical year strayed about 46.71 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above 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.GDI.TOTL.KD.ZG, 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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