Timor Leste

2014 Trade and Investment Profile

Timor-Leste is a small, developing nation that occupies half of the island of Timor located between Indonesia and Australia. As one of the world’s youngest democracies, it has boasted one of the world’s fastest-growing economies, buoyed by revenues from its modest petroleum resources.

Despite this, it remains a country with enormous poverty, and high unemployment rates and incomplete infrastructure, especially in health and education.

Oil and gas revenues have surged in recent years as projects in the Joint Petroleum Development Area that Timor-Leste shares with Australia have come online. The government set up a sovereign Petroleum Fund to ensure the sustainable use of its revenues over the long term. Government spending is mostly financed by withdrawals from the Fund.

Government spending, largely on infrastructure and social transfers, drives economic growth. Private sector development has been slow due to human capital shortages, an incomplete and bureaucratic regulatory environment, and basic infrastructure inadequacies.

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Disclaimer: The information and materials contained in this document have been prepared for information purposes only and are general in nature. The information contained in this document is based on material compiled from data considered to be reliable at the time of publication. However information and opinions expressed in this document should not be construed as final consideration for any business and investment decision making. Sarmat Research Partners Pty Ltd cannot be held responsible for any losses whether direct or indirect as a result of using this information.


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