Preliminary estimates from INETL, the Timor-Leste National Statistics Office, suggest that the economy grew by 2.3 percent in 2023, following growth of 2.9 percent in 2021 and 4.0 percent in 2022. The subdued economic growth in 2023 reflects the fiscal drag and low budget execution rates resulting from the Parliamentary Election and subsequent change in government. Private consumption increased by 3.2 percent, potentially fueled by substantial remittance...
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INFORMATION
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2024/07/31
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Rapport
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193126
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1
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2024/08/20
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Disclosed
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Timor-Leste Economic Report : Leveraging WTO Accession for Economic Transformation