East Timor Current Account to GDP

East Timor recorded a Current Account surplus of 40 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in East Timor is reported by the Central Bank of Timor-Leste. Current Account to GDP in East Timor averaged 37.73 Percent from 2006 until 2012, reaching an all time high of 45.60 Percent in 2008 and a record low of 19.20 Percent in 2006. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - East Timor Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
40.00 41.10 45.60 19.20 39.83 | 2013/12 2006 - 2012 Percent Yearly

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East Timor Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -35237.18 2014-02-28 -97158.89 7912.00 -248083.00 -60801.78 2014-03-31 USD Thousand [+]
Current Account 1900.00 2013-12-31 2739.00 2739.00 546.61 1861.79 2014-12-31 USD Thousand [+]
Current Account to GDP 40.00 2012-12-31 41.10 45.60 19.20 39.83 2013-12-31 Percent [+]
Exports 2510.00 2014-02-28 2243.40 35257.00 0.00 3477.43 2014-03-31 USD Thousand [+]
Imports 37747.18 2014-02-28 99402.29 282595.00 0.00 52364.22 2014-03-31 USD Thousand [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

East Timor Unemployment Rate at 9.80 Percent  
Unemployment Rate in East Timor increased to 9.80 percent in 2010 from 7.20 percent in 2004. Unemployment Rate in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Current Account to GDP at 40.00 Percent  
East Timor recorded a Current Account surplus of 40 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in East Timor is reported by the Central Bank of Timor-Leste.
East Timor Current Account at 1900.00 USD Thousand  
East Timor recorded a Current Account surplus of 1900 USD Thousand in 2013. Current Account in East Timor is reported by the Central Bank of Timor-Leste.
East Timor GDP Annual Growth Rate at 8.00 Percent  
The Gross Domestic Product (GDP) in East Timor expanded 8 percent in 2013 from the previous year. GDP Annual Growth Rate in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Balance of Trade at -35237.18 USD Thousand  
East Timor recorded a trade deficit of 35237.18 USD Thousand in February of 2014. Balance of Trade in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Imports at 37747.18 USD Thousand  
Imports in East Timor decreased to 37747.18 USD Thousand in February of 2014 from 99402.29 USD Thousand in January of 2014. Imports in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Exports at 2510.00 USD Thousand  
Exports in East Timor increased to 2510 USD Thousand in February of 2014 from 2243.40 USD Thousand in January of 2014. Exports in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Inflation Rate at 2.36 Percent  
The inflation rate in East Timor was recorded at 2.36 percent in February of 2014. Inflation Rate in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Government Budget at -0.50 Percent of GDP  
East Timor recorded a Government Budget deficit equal to 0.50 percent of the country's Gross Domestic Product in 2012. Government Budget in East Timor is reported by the National Statistics Directorate, Timor.
East Timor GDP per capita at 690.83 USD  
The Gross Domestic Product per capita in East Timor was last recorded at 690.83 US dollars in 2012. The GDP per Capita in East Timor is equivalent to 6 percent of the worlds average. GDP per capita in East Timor is reported by the World Bank.
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