Timor-Leste's gross domestic savings (current LCU) was -824.73 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 87.14% from -440.7 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -824.73 million | 2024 |
| Five years earlier | -28.63 million | 2019 |
| Ten years earlier | -440.7 million | 2014 |
| Highest | 1.51 billion | 2021 |
| Lowest | -824.73 million | 2024 |
| Average since 2015 | -8.79 million | 2015–2024 |
| First recorded | -443.54 million |
What the numbers say
In 2024, Timor-Leste's gross domestic savings (current LCU) fell 347.01 million on 2023 (from -477.72 million to -824.73 million).
Across the 23 yearly changes before that (2001 to 2023), the average change was −1.49 million and a typical year strayed about 449.84 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 1.4 billion in 2021 and the biggest yearly fall was 1.25 billion in 2023. 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 1% 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 32nd highest value of the 36 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
- Marshall Islands — 28th of 36: -68.44 million
- Tonga — 29th of 36: -303.53 million
- Kiribati — 30th of 36: -326.7 million
- Solomon Islands — 32nd of 36: -1.09 billion
- Tajikistan — 33rd of 36: -6.17 billion
- French Polynesia — 34th of 36: -39.85 billion
What this measures
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 25 values
| Year | Gross domestic savings (current LCU) |
|---|---|
| 2024 | -824,733,485 |
| 2023 | -477,722,700 |
| 2022 | 776,745,800 |
| 2021 | 1,506,755,600 |
| 2020 | 109,165,100 |
| 2019 | -28,635,000 |
| 2018 | -358,388,900 |
| 2017 | -288,167,000 |
| 2016 | -232,109,600 |
| 2015 | -270,777,800 |
| 2014 |
Gross domestic savings (current LCU) in nearby economies
- Australia — 694.63 billion (2025)
- Brunei Darussalam — 9.21 billion (2025)
- Cambodia — 74.27 trillion (2025)
- China — 58.4 trillion (2024)
- Fiji — 1.45 billion (2024)
- French Polynesia — -39.85 billion (2024)
- Hong Kong SAR, China — 706.95 billion (2025)
- Indonesia — 8,870.47 trillion (2025)
- Japan — 169.88 trillion (2024)
- Kiribati — -326.7 million (2024)
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 domestic savings (current LCU)?
- -824.73 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is down 85.94% from -443.54 million in 2000. The highest value was 1.51 billion in 2021 and the lowest -824.73 million in 2024.
- How does Timor-Leste rank?
- 32nd highest of 36 economies with data for 2024.
- Is the latest change in gross domestic savings (current LCU) unusual for Timor-Leste?
- In 2024, Timor-Leste's gross domestic savings (current LCU) fell 347.01 million on 2023 (from -477.72 million to -824.73 million). Across the 23 yearly changes before that (2001 to 2023), the average change was −1.49 million and a typical year strayed about 449.84 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 NY.GDS.TOTL.CN, 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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