Timor-Leste's gross savings (current LCU) was -394.17 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 125.7% from 1.53 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -394.17 million | 2024 |
| Five years earlier | 908.44 million | 2019 |
| Ten years earlier | 1.53 billion | 2014 |
| Highest | 3.47 billion | 2011 |
| Lowest | -394.17 million | 2024 |
| Average since 2015 | 507.64 million | 2015–2024 |
| First recorded | 722.55 million |
What the numbers say
In 2024, Timor-Leste's gross savings (current LCU) fell 217.7 million on 2023 (from -176.47 million to -394.17 million).
Across the 17 yearly changes before that (2007 to 2023), the average change was −52.88 million and a typical year strayed about 785.41 million 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 1.2 billion in 2008 and the biggest yearly fall was 1.03 billion in 2014. 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 13% 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 48th highest value of the 48 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
- Solomon Islands — 45th of 48: 144.75 million
- Marshall Islands — 46th of 48: 108.55 million
- Kiribati — 47th of 48: 66.84 million
What this measures
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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 19 values
| Year | Gross savings (current LCU) |
|---|---|
| 2024 | -394,169,531 |
| 2023 | -176,467,830 |
| 2022 | 757,729,918 |
| 2021 | 1,548,437,978 |
| 2020 | 445,124,823 |
| 2019 | 908,441,214 |
| 2018 | 225,464,684 |
| 2017 | 323,850,110 |
| 2016 | 346,841,500 |
| 2015 | 1,091,107,708 |
| 2014 |
Gross savings (current LCU) in nearby economies
- Australia — 615.58 billion (2025)
- Brunei Darussalam — 8.91 billion (2025)
- Cambodia — 80.44 trillion (2025)
- China — 57.58 trillion (2024)
- Fiji — 1.77 billion (2024)
- French Polynesia — 138 billion (2016)
- Hong Kong SAR, China — 1.02 trillion (2025)
- Indonesia — 8,347.66 trillion (2025)
- Japan — 203.33 trillion (2024)
- Kiribati — 66.84 million (2024)
- Korea, Rep. — 948.12 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 gross savings (current LCU)?
- -394.17 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is down 154.55% from 722.55 million in 2006. The highest value was 3.47 billion in 2011 and the lowest -394.17 million in 2024.
- How does Timor-Leste rank?
- 48th highest of 48 economies with data for 2024.
- Is the latest change in gross savings (current LCU) unusual for Timor-Leste?
- In 2024, Timor-Leste's gross savings (current LCU) fell 217.7 million on 2023 (from -176.47 million to -394.17 million). Across the 17 yearly changes before that (2007 to 2023), the average change was −52.88 million and a typical year strayed about 785.41 million 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 NY.GNS.ICTR.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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