Timor-Leste's industry, including construction, value added (constant LCU) was 115.48 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 51.69% from 239.06 million in 2014 (7.02% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 115.48 million | 2024 |
| Five years earlier | 592.49 million | 2019 |
| Ten years earlier | 239.06 million | 2014 |
| Highest | 1.37 billion | 2021 |
| Lowest | 44.21 million | 2006 |
| Average since 2015 | 553.21 million | 2015–2024 |
| First recorded | 247.92 million |
What the numbers say
In 2024, Timor-Leste's industry, including construction, value added (constant LCU) fell 64.6% on 2023 (from 326.33 million to 115.48 million).
Across the 23 yearly changes before that (2001 to 2023), the average change was +11.9% and a typical year strayed about 52.3% from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 143.5% in 2019 and the biggest yearly fall was 64.6% in 2024. 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 23rd highest value of the 26 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
- Cayman Islands — 20th of 26: 375.43 million
- Tonga — 21st of 26: 215.89 million
- Turks and Caicos Islands — 22nd of 26: 159.38 million
- Kiribati — 24th of 26: 47.82 million
- Marshall Islands — 25th of 26: 28.56 million
- Palau — 26th of 26: 27.24 million
What this measures
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 25 values
| Year | Industry, including construction, value added (constant LCU) |
|---|---|
| 2024 | 115,484,000 |
| 2023 | 326,327,900 |
| 2022 | 757,975,300 |
| 2021 | 1,365,941,900 |
| 2020 | 1,292,865,000 |
| 2019 | 592,487,600 |
| 2018 | 243,327,900 |
| 2017 | 231,108,700 |
| 2016 | 314,436,100 |
| 2015 | 292,147,000 |
Industry, including construction, value added (constant LCU) in nearby economies
- Australia — 680.23 billion (2025)
- Brunei Darussalam — 11.94 billion (2025)
- Cambodia — 72.24 trillion (2025)
- China — 48.45 trillion (2025)
- Fiji — 1.75 billion (2025)
- Hong Kong SAR, China — 184.41 billion (2025)
- Indonesia — 5,167.28 trillion (2025)
- Japan — 161.07 trillion (2024)
- Kiribati — 47.82 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 industry, including construction, value added (constant LCU)?
- 115.48 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is down 53.42% from 247.92 million in 2000 (3.13% a year on average, compounded). The highest value was 1.37 billion in 2021 and the lowest 44.21 million in 2006.
- How does Timor-Leste rank?
- 23rd highest of 26 economies with data for 2024.
- Is the latest change in industry, including construction, value added (constant LCU) unusual for Timor-Leste?
- In 2024, Timor-Leste's industry, including construction, value added (constant LCU) fell 64.6% on 2023 (from 326.33 million to 115.48 million). Across the 23 yearly changes before that (2001 to 2023), the average change was +11.9% and a typical year strayed about 52.3% from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NV.IND.TOTL.KN, 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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