Timor-Leste/

In late 1999, about 70% of the economic infrastructure of Timor-Leste was laid waste by Indonesian troops and anti-independence militias. Three hundred thousand people fled westward. Over the next three years 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 the end of 2005, refugees had returned or had settled in Indonesia. The country continues to face great challenges in rebuilding its infrastructure, strengthening the civil administration, and generating jobs for young people entering the work force. The development of oil and gas resources in offshore waters has greatly supplemented government revenues. This technology-intensive industry, however, has done little to create jobs for the unemployed because there are no production facilities in Timor. Gas is piped to Australia. In June 2005, the National Parliament unanimously approved the creation of a Petroleum Fund to serve as a repository for all petroleum revenues and to preserve the value of Timor-Leste’s petroleum wealth for future generations. The Fund held assets of US$5.3 billion as of October 2009. The economy has been little impacted by the global financial crisis and continues to recover strongly from the mid-2006 outbreak of violence and civil unrest, which disrupted both private and public sector economic activity. The government in 2008 resettled tens of thousands of an estimated 100,000 internally displaced persons (IDPs); most IDPs returned home by early 2009. The underlying economic policy challenge the country faces remains how best to use oil-and-gas wealth to lift the non-oil economy onto a higher growth path and to reduce poverty.

$3.004 billion (2010 est.)

$2.782 billion (2009 est.)

$2.588 billion (2008 est.)

$616 million (2010 est.)

8% (2010 est.)

7.5% (2009 est.)

12.8% (2008 est.)

$2,600 (2010 est.)

$2,500 (2009 est.)

$2,300 (2008 est.)

414,200 (2007)

20% (2006 est.)

42% (2003 est.)

38 (2002 est.)

7.8% (2007 est.)

11.17% (31 December 2009 est.)

13.11% (31 December 2008 est.)

$102.8 million (31 December 2008)

$74.94 million (31 December 2007)

$268.4 million (31 December 2009)

$192.7 million (31 December 2008)

$127.1 million (31 December 2008 est.)

$118.1 million (31 December 2007 est.)

$NA

coffee, rice, corn, cassava, sweet potatoes, soybeans, cabbage, mangoes, bananas, vanilla

printing, soap manufacturing, handicrafts, woven cloth

8.5% (2004 est.)

NA kWh (2009 est.)

NA kWh (2009 est.)

0 kWh (2009 est.)

0 kWh (2009 est.)

96,270 bbl/day (2009 est.)

2,500 bbl/day (2009 est.)

100,900 bbl/day (2007 est.)

553.8 million bbl (1 January 2008)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

200 billion cu m (1 January 2006 est.)

$1.161 billion (2007 est.)

$10 million (2005 est.); note - excludes oil

coffee, sandalwood, marble; note - potential for oil and vanilla exports

$202 million (2004 est.)

food, gasoline, kerosene, machinery

the US dollar is used