Economic Statistics

Economic Statistics, 2018

Item	2014	2015	2016	2017	2018	Source
POPULATION
Total Population (in million)	1.212	1.183	1.221	1.214	1.261	NSD
Population annual average growth rate, (in %)	2.4	-2.4	3.2	1.6	1.6	NSD
OUTPUT AND PRICES
GDP, Oil and non-oil at current prices(in million US Dollars)	1,451	1,597	1,684	1,593	n/a	NSD
GDP, non-oil, at constant prices ( in million US Dollars)	1,543	1,597	1,679	1,620	n/a	NSD
Growth rate of non- oil GDP at constant prices (in %)	4.7	3.5	5.1	(3.5)	n/a	NSD
GDP per capita current prices (in million US Dollars)	3,332	2,492	1,973	1,919	n/a	NSD
GDP per capita constant prices (in million US Dollars)	2,114	2,492	2,455	2,183	n/a	NSD
Consumer Price Index (Base year 2018=100)	98.1	97.5	97.5	98.1	100.2	NSD
Price indexes annual change, % (Dec-Dec)	-0.1	-0.6	0.1	0.6	2.1	NSD
MONEY AND BANKING
Money Supply (M1) (in million US Dollars)	342.9	397.7	464.3	465	525.4	BCTL
Money Supply (M2) (in million US Dollars)	599.8	642.4	734.0	823	848.6	BCTL
Money supply (M1) annual change, %(Dec-Dec)	32	16	17	0.1	13.02	BCTL
Money supply (M2) annual change, %(Dec-Dec)	20	7	14	12.1	3.1	BCTL
INTEREST RATE (in % weighted averages)
Demands Deposits	0.54	0.54	0.54	0.06	0.07	BCTL
Savings Deposits	0.75	0.75	0.75	0.27	0.48	BCTL
Time: 6 months	1.24	1.15	1.14	0.66	0.66	BCTL
12 months	1.31	1.25	1.25	0.71	0.67	BCTL
Bank Lending + LIBOR	13.11	13.88	14.46	12.46	14.51	BCTL
GENERAL BUDGET OF GOVERNMENT
Total Domestic Revenues (Million US Dollar)	168	194	229	218	205	MoF
Total Expenditure  (in Billions US Dollar)	1,339	1,340	1,629	1,185	1,159	MoF
Finance :
Petroleum Fund (in Millions US Dollar)	0,732	1,279	1,245	1,079	0.982	BCTL
Exports and Import, fob (in Millions US Dollar)
Exports	13	16	18	15	22	DNS
Imports	550	652	443	635	520	DNS
Trade balance	(536)	(635)	(425)	(620)	(498)	DNS
BALANCE OF PAYMENTS (in Million US dollars)
Current account	1	199	(545)	(284)	(191)	BCTL
Capital account	14	29	47	34	52	BCTL
Financial account	(1,378)	32	485	499	235	BCTL
Errors and omissions	105	-45	-145	15	34	BCTL
Overall balance	-271	-261	-11	248	96	BCTL

Explanatory Notes:
1. Pupulation: National Statistics Department
2. Output and prices: National Statistics Department (National Account,2017)
3. Monetary Agregate: Central Bank of Timor-Leste
4. Balance of Payments refer to BPM6 : Central Bank of Timor-Leste
5. General budget of government of finance: Minsitry of Finance (Mof),Budget Books 1, 2018
6. General budget of government of finance from petroleum fund refer to BCTL transfer to government budget
7. *The amount import exclude USD notes.