Timor-Leste's taxes less subsidies on products (current US$) was −US$34.79 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 297.81% from −US$8.74 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$34.79 million | 2024 |
| Five years earlier | US$14.81 million | 2019 |
| Ten years earlier | −US$8.74 million | 2014 |
| Highest | US$15.62 million | 2004 |
| Lowest | −US$34.79 million | 2024 |
| Average since 2015 | −US$7.88 million | 2015–2024 |
| First recorded | US$5.07 million |
What the numbers say
In 2024, Timor-Leste's taxes less subsidies on products (current US$) fell US$15.66 million on 2023 (from −US$19.13 million to −US$34.79 million).
Across the 23 yearly changes before that (2001 to 2023), the average change was −US$1.05 million and a typical year strayed about US$14.05 million from that (the standard deviation). This year's change was 1.0 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 US$41.07 million in 2019 and the biggest yearly fall was US$23.9 million in 2021. 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 US$3.55 million a year. A straight line explains 42% 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 30th 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
- Solomon Islands — 27th of 30: US$31.51 million
- Marshall Islands — 28th of 30: US$12.05 million
- Kiribati — 29th of 30: −US$6.9 million
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 25 values
| Year | Taxes less subsidies on products (current US$) |
|---|---|
| 2024 | -34,786,800 |
| 2023 | -19,128,900 |
| 2022 | -11,173,200 |
| 2021 | -18,159,000 |
| 2020 | 5,736,400 |
| 2019 | 14,807,300 |
| 2018 | -26,260,500 |
| 2017 | -4,159,300 |
| 2016 | 4,763,000 |
| 2015 | 9,599,500 |
| 2014 |
Taxes less subsidies on products (current US$) in nearby economies
- Australia — US$115.12 billion (2025)
- Brunei Darussalam — −US$214.09 million (2025)
- Cambodia — US$2.96 billion (2025)
- Fiji — US$937.03 million (2025)
- French Polynesia — US$754.77 million (2020)
- Hong Kong SAR, China — US$10.68 billion (2024)
- Indonesia — US$61.45 billion (2025)
- Japan — US$24.19 billion (2024)
- Kiribati — −US$6.9 million (2024)
- Korea, Rep.
More economic policy & debt data for Timor-Leste
- Short-term debt (% of total external debt) — 0.43% (2024)
- IFC, private nonguaranteed (NFL, current US$) — −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$259.94 million (2023)
Reading data like this
Questions people ask
- What is Timor-Leste's taxes less subsidies on products (current US$)?
- −US$34.79 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is down 785.62% from US$5.07 million in 2000. The highest value was US$15.62 million in 2004 and the lowest −US$34.79 million in 2024.
- How does Timor-Leste rank?
- 30th highest of 30 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (current US$) unusual for Timor-Leste?
- In 2024, Timor-Leste's taxes less subsidies on products (current US$) fell US$15.66 million on 2023 (from −US$19.13 million to −US$34.79 million). Across the 23 yearly changes before that (2001 to 2023), the average change was −US$1.05 million and a typical year strayed about US$14.05 million from that (the standard deviation). This year's change was 1.0 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 NY.TAX.NIND.CD, 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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