Source: world bank Nominal/PPP
Summary:
Timor-Leste GDP Per Capita expanded from 1990 to 2024, increasing from $0.13 to $1.87 .The compound annual growth rate (CAGR) averaged 8.16% over the period. The economy recorded its peak level in 2021 and its lowest level in 1990. Growth volatility remained high. The maximum drawdown reached 48.48%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
Timor-Leste Economic Phases (1990 - 2024)
From 1990 to 2024, Timor-Leste economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1991–1996) indicating robust economic expansion
- Expansion (1997–1998) indicating steady moderate growth
- High Growth (2000–2001) indicating robust economic expansion
- High Growth (2007–2013) indicating robust economic expansion
- Contraction (2017–2018) indicating temporary slowdown
- High Growth (2019–2021) indicating robust economic expansion
- Crisis (2022–2024) indicating severe economic downturn
The most remarkable growth occurred in 2021 with an increase of 67.622%, while the largest decline was in 2023 at -35.181%.