Timor-Leste: Industry, including construction, value added (current US$)

Key figures

What the numbers say

In 2024, Timor-Leste's industry, including construction, value added (current US$) fell 55.6% on 2023 (from US$496.4 million to US$220.54 million).

Across the 23 yearly changes before that (2001 to 2023), the average change was +22% and a typical year strayed about 57.9% from that (the standard deviation). This year's change was 1.3 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 183.6% in 2021 and the biggest yearly fall was 71.6% 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 14% 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 24th highest value of the 30 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

• Bermuda — 21st of 30: US$450.16 million
• Curaçao — 22nd of 30: US$433.98 million
• Solomon Islands — 23rd of 30: US$370.22 million
• Turks and Caicos Islands — 25th of 30: US$162.97 million
• Vanuatu — 26th of 30: US$130.6 million
• Tonga — 27th of 30: US$114.43 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 25 values

Industry, including construction, value added (current US$) in nearby economies

• Australia — US$429.6 billion (2025)
• Brunei Darussalam — US$9.02 billion (2025)
• Cambodia — US$22.12 billion (2025)
• China — US$6.95 trillion (2025)
• Fiji — US$860.2 million (2025)
• French Polynesia — US$593.5 million (2020)
• Hong Kong SAR, China — US$25.19 billion (2024)
• Indonesia — US$559.58 billion (2025)
• Japan — US$1.12 trillion (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

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Questions people ask

What is Timor-Leste's industry, including construction, value added (current US$)?

US$220.54 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is up 273.65% from US$59.02 million in 2000 (5.65% a year on average, compounded). The highest value was US$2.25 billion in 2021 and the lowest US$22.87 million in 2006.

How does Timor-Leste rank?

24th highest of 30 economies with data for 2024.

Is the latest change in industry, including construction, value added (current US$) unusual for Timor-Leste?

In 2024, Timor-Leste's industry, including construction, value added (current US$) fell 55.6% on 2023 (from US$496.4 million to US$220.54 million). Across the 23 yearly changes before that (2001 to 2023), the average change was +22% and a typical year strayed about 57.9% from that (the standard deviation). This year's change was 1.3 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.CD, 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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