Timor-Leste’s economy relies on converting finite, non-renewable oil and gas resources into monetary assets. Oil production began in 2005, has been declining since 2014, and is projected to cease in 2023, though it could potentially resume if additional commercial reserves are discovered and developed.
Timor-Leste has no public debt to individuals, although plans are being made to issue government bonds. Foreign debt is low but growing. Contracts signed for loans from the World Bank, ADB and Japan total about $850 million, of which $280 million has been disbursed to date, all for road construction.
To narrow its trade deficit, Timor-Leste could reduce imports by strengthening agriculture and light industry to meet domestic needs and by replacing electricity generated from imported diesel fuel with renewable energy. Community-based tourism could generate much-needed foreign exchange.
A serious effort is required to diversify the economy and develop the non-oil sectors based on Timor-Leste’s greatest asset – its people. Currently undeveloped oil and gas resources, including Sunrise, might fund the country for a few more years, but they cannot match the amount of revenue already received.
According to an Asia Foundation survey in early 2022, 61% of people in Timor-Leste believe that security has improved over the past year. Only 4% think it has worsened. However, 53% expressed concern about tensions in their community, an increase since 2018. No recent polling data on inter-citizen trust is available.
Private enterprises are legally allowed to operate in Timor-Leste. The state has tried to offer local entrepreneurs legal security and a significant share of opportunities for public contracts, although this has sometimes been conducted in a clientelistic fashion. At 10%, corporate and personal income tax rates are among the lowest in the world.
Timor Leste Saltwater Batteries Price Trends; Timor Leste Saltwater Batteries Porter''s Five Forces; ... 6.1.1 Overview and Analysis. 6.1.2 Timor Leste Saltwater Batteries Market …
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Graph and download economic data for Prices: Consumer Price Index for Timor-Leste (TLSPCPIPCPPPT) from 2001 to 2029 about East Timor, consumer prices, consumer, …
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Timor-Leste imports Batteries primarily from: Indonesia ($333k), China ($124k), Japan ($64.5k), United States ($57.6k), and Australia ($30.6k). The fastest growing import markets in Batteries …
In Timor-Leste food prices increased despite the fall in the global food price index, increasing in March by 10.9% (YoY) and 5.8% (QoQ). Rice is a main staple in Timor and the world price of …
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Since oil and gas revenues declined in 2015, Timor-Leste''s current account balance has fluctuated with the (unrealized) price of its investments in international stocks and bonds. …
Since oil and gas revenues declined in 2015, Timor-Leste''s current account balance has fluctuated with the (unrealized) price of its investments in international stocks and bonds. Trade in non-oil goods and services runs an …
DROPOUT TREND ANALYSIS: TIMOR LESTE. Contract No . EDH-I-00-05-00029-00 Task Order AID-OAA-TO-10-00010 . August 2011 This study was produced for review by the United …
Battery electrolyte market is probable to grow at 12% CAGR. It is projected to reach above USD 16.62 Billion by 2029 from USD 6 Billion in 2020.
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