Timor-Leste's taxes less subsidies on products (constant LCU) was -12.2 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 134.27% from 35.61 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -12.2 million | 2024 |
| Five years earlier | -14.05 million | 2019 |
| Ten years earlier | 35.61 million | 2014 |
| Highest | 35.61 million | 2014 |
| Lowest | -24.27 million | 2021 |
| Average since 2015 | -8.24 million | 2015–2024 |
| First recorded | 5.07 million |
What the numbers say
In 2024, Timor-Leste's taxes less subsidies on products (constant LCU) rose 9.04 million on 2023 (from -21.24 million to -12.2 million).
Across the 23 yearly changes before that (2001 to 2023), the average change was −1.14 million and a typical year strayed about 10.09 million from that (the standard deviation). This year's change was 1.0 standard deviations above 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 15.1 million in 2008 and the biggest yearly fall was 26.01 million in 2015. 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 the straight-line trend is downward, about 3.41 million a year. A straight line explains 74% of the movement over 10 observed years.
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 26th 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
- Palau — 23rd of 26: 28.15 million
- Marshall Islands — 24th of 26: 7.02 million
- Kiribati — 25th of 26: 1.03 million
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. 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 | Taxes less subsidies on products (constant LCU) |
|---|---|
| 2024 | -12,203,500 |
| 2023 | -21,239,400 |
| 2022 | -17,099,900 |
| 2021 | -24,265,200 |
| 2020 | -11,131,900 |
| 2019 | -14,051,200 |
| 2018 | -3,617,500 |
| 2017 | 4,143,400 |
| 2016 | 7,467,300 |
| 2015 | 9,599,500 |
| 2014 |
Taxes less subsidies on products (constant LCU) in nearby economies
- Australia — 171.12 billion (2025)
- Brunei Darussalam — -374.3 million (2025)
- Cambodia — 9.98 trillion (2025)
- Fiji — 1.9 billion (2025)
- Hong Kong SAR, China — 125.29 billion (2025)
- Indonesia — 577.31 trillion (2025)
- Kiribati — 1.03 million (2024)
- Korea, Rep. — 166.18 trillion (2025)
- Lao PDR — 15.75 trillion (2025)
- Macao SAR, China
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 taxes less subsidies on products (constant LCU)?
- -12.2 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is down 340.52% from 5.07 million in 2000. The highest value was 35.61 million in 2014 and the lowest -24.27 million in 2021.
- How does Timor-Leste rank?
- 26th highest of 26 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (constant LCU) unusual for Timor-Leste?
- In 2024, Timor-Leste's taxes less subsidies on products (constant LCU) rose 9.04 million on 2023 (from -21.24 million to -12.2 million). Across the 23 yearly changes before that (2001 to 2023), the average change was −1.14 million and a typical year strayed about 10.09 million from that (the standard deviation). This year's change was 1.0 standard deviations above 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 NY.TAX.NIND.KN, 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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