Economy Of East Timor

Economy overview	In late 1999, about 70% of the economic infrastructure of East Timor was laid waste by Indonesian troops and anti-independence militias, and 260,000 people fled westward. Over the next three years, however, a massive international program, manned by 5,000 peacekeepers (8,000 at peak) and 1,300 police officers, led to substantial reconstruction in both urban and rural areas. By mid-2002, all but about 50,000 of the refugees had returned. Growth was held back in 2003 by extensive drought and the gradual winding down of the international presence. The country faces great challenges in continuing the rebuilding of infrastructure, strengthening the infant civil administration, and generating jobs for young people entering the workforce. One promising long-term project is the planned development of oil and gas resources in nearby waters, but the government faces a substantial financing gap over the next several years before these revenues start flowing into state coffers.
GDP	purchasing power parity - $440 million (2001 est.)
GDP - real growth rate	-3% (2003 est.)
GDP - per capita	purchasing power parity - $500 (2001 est.)
GDP - composition by sector	agriculture: 25.4% industry: 17.2% services: 57.4% (2001)
Investment gross fixed
Population below poverty line	42% (2003 est.)
Household income or consumption by percentage share	lowest 10%: NA highest 10%: NA
Distribution of family income - Gini index	38 (2002 est.)
Inflation rate consumer prices	8% NA (2003 est.)
Labor force	NA
Labor force by occupation	NA
Unemployment rate	50% (including underemployment) (1992 est.)
Budget	revenues: $36 million expenditures: $97 million, including capital expenditures of NA (2003 est.)
Public debt
Agriculture products	coffee, rice, maize, cassava, sweet potatoes, soybeans, cabbage, mangoes, bananas, vanilla
Industries	printing, soap manufacturing, handicrafts, woven cloth
Industrial production growth rate	8.5%
Electricity production	NA kWh (2001)
Electricity production by source	fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0%
Electricity consumption	NA kWh (2001)
Electricity exports	0 kWh (2001)
Electricity imports	0 kWh (2001)
Oil production
Oil consumption
Oil exports
Oil imports
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance
Exports	$8 million (2001 est.)
Exports commodities	coffee, sandalwood, marble; note - the potential for oil and vanilla exports
Exports partners	NA
Imports	$237 million (2001 est.)
Imports commodities	mainly food (2001)
Imports partners	NA
Reserves of foreign exchange gold
Debt external	NA
Economic aid recipient	$2.2 billion (1999-2002 est.)
Currency	US dollar (USD)
Currency code	USD
Exchange rates	the US dollar is the legal tender
Fiscal year	1 July - 30 June

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This information was reproduced in part from the CIA World Fact book.

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