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Economy of East Timor vs France compared: GDP & Debt

Updated on by Georank team

East Timor has a GDP of $1.87B compared to $3.16T for France, ranking 181/197 and 7/197 by economy size, respectively.

East Timor has $249M in government debt (13.3% of GDP), compared to $3.58T (113.1% of GDP) in France.

East Timor vs France GDP by year

East Timor
France
1x
Year GDP, current $
East Timor France
2024 $1,865,608,515 $3,160,442,622,465
2023 $2,079,767,170 $3,056,250,648,138
2022 $3,208,599,889 $2,794,788,137,067
2021 $3,625,024,341 $2,966,433,692,008
2020 $2,162,619,241 $2,647,926,055,110
2019 $2,032,550,389 $2,722,793,515,172
2018 $1,555,988,614 $2,781,576,320,884
2017 $1,584,878,440 $2,588,868,323,335
2016 $1,640,464,612 $2,470,407,619,777
2015 $1,590,282,371 $2,442,483,452,643
2014 $1,447,535,183 $2,861,236,112,552
2013 $1,395,727,421 $2,816,077,607,875
2012 $1,160,555,040 $2,683,007,095,787
2011 $1,042,534,598 $2,870,408,553,990
2010 $881,909,347 $2,646,230,027,988
2009 $726,937,836 $2,700,075,882,519
2008 $648,523,571 $2,926,802,941,586
2007 $542,795,447 $2,655,816,911,867
2006 $453,792,415 $2,317,861,544,691
2005 $462,267,954 $2,192,146,403,028
2004 $440,771,962 $2,109,792,297,237
2003 $490,439,116 $1,835,095,983,049
2002 $469,455,491 $1,492,427,756,382
2001 $477,359,253 $1,370,376,677,299
2000 $366,924,277 $1,360,959,069,477
1999 $225,357,600 $1,486,915,879,702
1998 $325,729,800 $1,496,906,382,032
1997 $319,972,700 $1,449,392,222,971
1996 $306,956,900 $1,598,889,216,566
1995 $262,819,900 $1,595,219,345,512
1994 $239,040,500 $1,385,822,778,828
1993 $216,914,400 $1,314,383,368,080
1992 $187,891,500 $1,389,663,073,110
1991 $147,713,000 $1,258,961,748,634
1990 $128,210,142 $1,257,649,439,827
1989 - $1,016,742,237,302
1988 - $1,010,827,662,152
1987 - $926,320,855,615
1986 - $764,946,585,851
1985 - $547,220,981,165
1984 - $525,033,325,828
1983 - $553,356,312,936
1982 - $578,152,310,610
1981 - $609,184,791,792
1980 - $694,529,183,483
1979 - $608,218,624,730
1978 - $501,724,418,605
1977 - $406,401,711,688
1976 - $368,363,152,144
1975 - $357,324,307,786
1974 - $282,739,225,314
1973 - $261,970,536,240
1972 - $201,738,881,664
1971 - $164,694,210,962
1970 - $147,312,861,698
1969 - $140,660,914,841
1968 - $128,710,572,572
1967 - $118,088,635,381
1966 - $109,306,730,313
1965 - $100,927,668,584
1964 - $93,424,179,943
1963 - $84,227,606,650
1962 - $75,196,980,365
1961 - $67,158,050,215
1960 - $61,959,085,885

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/east-timor/france | CC BY

GDP per capita in East Timor vs France by year

East Timor
GDP per capita

GDP per capita, PPP
France
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor France
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,332 $4,423 $46,103 $62,557
2023 $1,502 $4,807 $44,700 $60,839
2022 $2,343 $5,730 $40,989 $57,043
2021 $2,685 $6,825 $43,725 $52,517
2020 $1,631 $6,132 $39,170 $49,482
2019 $1,562 $4,557 $40,408 $51,130
2018 $1,219 $3,561 $41,418 $46,381
2017 $1,266 $3,463 $38,687 $44,469
2016 $1,336 $3,391 $37,024 $42,880
2015 $1,320 $3,108 $36,702 $40,905
2014 $1,225 $2,860 $43,148 $40,218
2013 $1,205 $2,566 $42,669 $39,583
2012 $1,023 $2,386 $40,864 $37,671
2011 $939 $2,066 $43,930 $37,510
2010 $813 $1,955 $40,695 $35,908
2009 $687 $1,810 $41,728 $34,685
2008 $628 $1,675 $45,465 $35,053
2007 $540 $1,516 $41,486 $34,066
2006 $465 $1,377 $36,432 $32,424
2005 $487 $1,435 $34,696 $30,431
2004 $474 $1,379 $33,645 $28,921
2003 $535 $1,355 $29,480 $28,024
2002 $534 $1,417 $24,145 $28,350
2001 $588 $1,619 $22,332 $27,347
2000 $492 $1,483 $22,341 $26,007
1999 $270 $819 $24,576 $24,204
1998 $346 $1,108 $24,869 $23,263
1997 $349 $1,149 $24,169 $22,190
1996 $344 $1,116 $26,758 $21,268
1995 $303 $1,043 $26,792 $20,701
1994 $283.1 $985 $23,360 $19,892
1993 $264.1 $925 $22,239 $19,094
1992 $235.1 $843 $23,615 $18,801
1991 $189.8 $766 $21,501 $18,198
1990 $168.6 $685 $21,586 $17,475
1989 - - $17,547 -
1988 - - $17,550 -
1987 - - $16,176 -
1986 - - $13,430 -
1985 - - $9,657 -
1984 - - $9,312 -
1983 - - $9,862 -
1982 - - $10,360 -
1981 - - $10,956 -
1980 - - $12,565 -
1979 - - $11,063 -
1978 - - $9,167 -
1977 - - $7,459 -
1976 - - $6,792 -
1975 - - $6,617 -
1974 - - $5,261 -
1973 - - $4,907 -
1972 - - $3,809 -
1971 - - $3,137 -
1970 - - $2,833 -
1969 - - $2,729 -
1968 - - $2,518 -
1967 - - $2,328 -
1966 - - $2,173 -
1965 - - $2,024 -
1964 - - $1,891 -
1963 - - $1,723 -
1962 - - $1,554 -
1961 - - $1,402 -
1960 - - $1,307 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/east-timor/france | CC BY

East Timor's GDP per capita is $1,332, ranking 167/197, compared to $46,103 in France, ranking 27/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while France ranks 30th at $62,557.

Economic indicators

East Timor France
Gross domestic product
$1.87B
2024
$3.16T
2024
GDP rank
181/197
2024
7/197
2024
GDP growth
-9.1%
2023-2024
1.19%
2023-2024
GDP per capita
$1,332
2024
$46,103
2024
GDP per capita rank
167/197
2024
27/197
2024
GDP per capita, PPP
$4,423
2024
$62,557
2024
GDP per capita PPP rank
163/197
2024
30/197
2024
Government debt
$249M
2024
$3.58T
2024
Debt-to-GDP ratio
13.3%
2024
113.1%
2024
Government debt per person
$177.5
2024
$52,165
2024
Government debt per person rank
182/185
2024
8/185
2024
Average annual personal income after taxes
$1,440
2026
$35,669
2026
Market capitalization of domestic companies n/a
$2.37T
2018
Number of millionaires n/a
2,897,000
2025
Number of billionaires n/a
52
2025
Income share by richest 10%
24%
2014
25%
2023
Income share by poorest 10%
4%
2014
3%
2023
Government expenditure, % of GDP
90.8%
2024
57.2%
2024
Consumer prices inflation
2.1%
2023-2024
2%
2023-2024
Unemployment rate
1.54%
2022
7.44%
2024
Population
1441764
68788006

Spending and national debt comparison by year

East Timor
Spending

Debt
France
Spending

Debt
1x
Year % of GDP
East Timor France
Government spending Government debt Government spending Government debt
2024 90.8% 13.3% 57.2% 113.1%
2023 78.6% 12.4% 56.8% 109.6%
2022 59.9% 7.9% 58.4% 111.4%
2021 45.7% 6.53% 59.5% 112.8%
2020 61.7% 10.1% 61.7% 114.9%
2019 68.8% 9.51% 55.3% 98.1%
2018 85.5% 9.31% 56.4% 98.5%
2017 87.3% 6.71% 57.7% 98.7%
2016 112.2% 4.71% 57.4% 98.1%
2015 98.1% 2.95% 57.6% 96.9%
2014 111% 1.52% 58.4% 96.1%
2013 96.1% 0.46% 58.6% 94.5%
2012 129.3% 0.002% 57.9% 91.7%
2011 133.3% 0% 57% 88.7%
2010 121.3% 0% 57.7% 86.3%
2009 121.8% 0% 58% 84.1%
2008 122.4% 0% 54.3% 69.8%
2007 75.8% 0% 53.6% 65.5%
2006 59.8% 0% 53.7% 65.4%
2005 58.3% 0% 54.3% 68.2%
2004 74.2% 0% 54% 66.9%
2003 80.1% 0% 54.4% 65.4%
2002 93.5% 0% 53.9% 61.3%
2001 95.7% 0% 52.8% 59.3%
2000 - - 52.6% 59.7%
1999 - - 53.7% 61.4%
1998 - - 54% 62.1%
1997 - - 55.6% 62%
1996 - - 56% 60.6%
1995 - - 56% 57.8%
1994 - - 55.9% 51.6%
1993 - - 56.5% 48.2%
1992 - - 54% 41.7%
1991 - - 52.7% 37.8%
1990 - - 51.6% 36.8%
1989 - - 48.9% 34%
1988 - - 50.1% 33.3%
1987 - - 50.7% 33.4%
1986 - - 51.3% 31.1%
1985 - - 51.9% 30.6%
1984 - - 51.2% 29%
1983 - - 50.2% 26.6%
1982 - - 49.9% 25.3%
1981 - - 48.5% 22%
1980 - - 46% 20.7%
1979 - - 44.9% 21.1%
1978 - - 44.7% 21.2%
1977 - - 21.4% 15%
1976 - - 21.7% 15.1%
1975 - - 22% 16.1%
1974 - - 19.9% 15.4%
1973 - - 19.7% 15.8%
1972 - - 19.8% 17.7%
1971 - - 20% 20.1%
1970 - - 20.5% 21%
1969 - - 21.5% 14.4%
1968 - - 22.7% 15.8%
1967 - - 21.4% 16.1%
1966 - - 21.4% 15.3%
1965 - - 21.1% 17.6%
1964 - - 21% 19.6%
1963 - - 22.6% 22.2%
1962 - - 21.7% 23.6%
1961 - - 21.9% 26.3%
1960 - - 22.2% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/east-timor/france | CC BY

In 2024, East Timor's government spending was $1.69B, accounting for 90.8% of its GDP, while France spent $1.81T, or 57.2% of GDP.

Debt-to-GDP ratio is 13.3% in East Timor and 113.1% in France, ranking 178/185 and 14/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

France
1x
Year Deficit/surplus, % of GDP
East Timor France
2024 -43.5% -5.77%
2023 -34.7% -5.44%
2022 -29.5% -4.74%
2021 -20.1% -6.58%
2020 -18.9% -8.93%
2019 -25.4% -2.39%
2018 -26.9% -2.32%
2017 -33.8% -3.36%
2016 -55.7% -3.76%
2015 -33.2% -3.89%
2014 -37.5% -4.57%
2013 -14.4% -4.94%
2012 -38.7% -5.17%
2011 -25.4% -5.3%
2010 -19.8% -7.16%
2009 -17.2% -7.38%
2008 -18.6% -3.5%
2007 -29.9% -2.99%
2006 41% -2.66%
2005 -10.5% -3.5%
2004 -7.48% -3.55%
2003 -8.24% -4.09%
2002 -7.64% -3.18%
2001 3.24% -1.42%
2000 - -1.32%
1999 - -1.55%
1998 - -2.39%
1997 - -3.71%
1996 - -3.89%
1995 - -5.11%
1994 - -5.46%
1993 - -6.4%
1992 - -4.64%
1991 - -2.89%
1990 - -2.45%
1989 - -1.9%
1988 - -2.7%
1987 - -2.13%
1986 - -3.3%
1985 - -3.08%
1984 - -2.8%
1983 - -2.58%
1982 - -2.91%
1981 - -2.39%
1980 - -0.27%
1979 - -0.36%
1978 - -1.73%
1977 - 0.9%
1976 - 1.01%
1975 - -0.28%
1974 - 3.05%
1973 - 1.97%
1972 - 1.94%
1971 - -0.13%
1970 - 0.02%
1969 - -0.49%
1968 - -2.54%
1967 - -0.8%
1966 - -0.57%
1965 - -0.07%
1964 - -0.25%
1963 - -2.24%
1962 - -1.53%
1961 - -1.36%
1960 - -1.95%
1959 - 0.56%
1958 - 0.08%
1957 - -1.99%
1956 - -2.62%
1955 - -1.04%
1954 - -0.78%
1953 - -4.79%
1952 - -6.82%
1951 - -4.42%
1950 - -5.56%
1949 - -7.31%
1948 - -9.11%
1947 - -7.6%
1946 - -8.1%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -6.89%
1936 - -4.76%
1935 - -4.22%
1934 - -4.31%
1933 - -4.96%
1932 - -1.86%
1931 - -2.06%
1930 - -1.65%
1929 - 1.48%
1928 - 1.13%
1927 - -0.04%
1926 - -0.02%
1925 - -0.87%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.05%
1912 - 0.23%
1911 - 0.31%
1910 - -0.12%
1909 - -0.11%
1908 - -0.15%
1907 - 0.23%
1906 - -0.04%
1905 - 0.18%
1904 - 0.3%
1903 - 0.21%
1902 - -0.37%
1901 - -0.39%
1900 - 0.21%
1899 - 0.21%
1898 - 0.29%
1897 - 0.01%
1896 - -0.03%
1895 - -0.07%
1894 - -0.08%
1893 - -0.3%
1892 - -0.03%
1891 - 0.36%
1890 - 0.31%
1889 - 0.09%
1888 - 0.18%
1887 - -0.07%
1886 - -0.5%
1885 - -0.59%
1884 - -0.35%
1883 - -0.23%
1882 - -0.15%
1881 - 0.64%
1880 - 0.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/east-timor/france | CC BY

In 2024, East Timor's government deficit, the difference between spending and revenue, was $812M, equivalent to 43.5% of GDP. This compares to France's deficit of $182B, or 5.77% of GDP.

Over the past 24 years, East Timor recorded a fiscal deficit in 22 of those years, while France ran a deficit in 24 years. On average, East Timor posted an annual deficit equal to 21.4% of GDP, compared to deficit of 4.44% of GDP for France.

Inflation comparison by year

Inflation
East Timor

France
1x
Year Consumer prices inflation
East Timor France
2024 2.1% 2%
2023 8.4% 4.88%
2022 7% 5.22%
2021 3.8% 1.64%
2020 0.5% 0.48%
2019 0.9% 1.11%
2018 2.3% 1.85%
2017 0.5% 1.03%
2016 -1.5% 0.18%
2015 0.6% 0.04%
2014 0.8% 0.51%
2013 9.5% 0.86%
2012 10.9% 1.95%
2011 13.2% 2.11%
2010 5.2% 1.53%
2009 -0.2% 0.09%
2008 7.4% 2.81%
2007 8.6% 1.49%
2006 5.2% 1.68%
2005 1.6% 1.75%
2004 2.2% 2.14%
2003 8% 2.1%
2002 4.1% 1.92%
2001 3.6% 1.63%
2000 - 1.68%
1999 - 0.54%
1998 - 0.65%
1997 - 1.2%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

GeoRank.org/economy/east-timor/france | CC BY

Over the past 24 years, East Timor has recorded an average annual inflation rate of 4.36%, compared with 1.71% in France. In 2024, inflation was 2.1% in East Timor and 2% in France.

Top exports between countries

East Timor
Export category Export value
Machinery & equipment $15K
Textiles & consumer goods $13K
France
Export category Export value
Machinery & equipment $20.8M
Chemicals & pharma $136K
Metals $128K
Processed food, beverages & tobacco $94K
Miscellaneous $54K
Textiles & consumer goods $15K
Animal & marine products $10K
Wood & paper products $6K
Raw materials & minerals $5K

Balance of trade

East Timor France
Current account balance
-$587M
2024
$2.69B
2024
Current account balance ranking
108/190
2024
42/190
2024
Current account balance, % of GDP
-31.5%
2024
+0.09%
2024
Goods imports
$839M
2024
$733B
2024
Goods exports
$196M
2024
$668B
2024
Service imports
$432M
2024
$341B
2024
Service exports
$82.1M
2024
$403B
2024
Imports of goods and services, % of GDP
84.9%
2024
34.2%
2024
Exports of goods and services, % of GDP
10.6%
2024
33.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

East Timor France
Economic freedom 47.9 64.6
Economic freedom ranking 173/197 72/197
Property rights 43.5 91.2
Government integrity 43.9 73.4
Judicial effectiveness 34.5 84.7
Tax burden 97.1 54.6
Government spending 0 0.9
Fiscal health 19.6 34.8
Business freedom 62.7 78.4
Labor freedom 56.5 59.1
Monetary freedom 72.2 73.2
Trade freedom 79.8 79.4
Investment freedom 45 75
Financial freedom 20 70

Economic freedom comparison by year

East Timor
France
1x
Year Economic freedom index
East Timor France
2026 47.9 64.6
2025 47.9 64.4
2024 50.2 62.5
2023 47.2 63.6
2022 46.3 65.9
2021 44.7 65.7
2020 45.9 66
2019 44.2 63.8
2018 48.1 63.9
2017 46.3 63.3
2016 45.8 62.3
2015 45.5 62.5
2014 43.2 63.5
2013 43.7 64.1
2012 43.3 63.2
2011 42.8 64.6
2010 45.8 64.2
2009 50.5 63.3
2008 - 64.7
2007 - 62.1
2006 - 61.1
2005 - 60.5
2004 - 60.9
2003 - 59.2
2002 - 58
2001 - 58
2000 - 57.4
1999 - 59.1
1998 - 58.9
1997 - 59.1
1996 - 63.7
1995 - 64.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/east-timor/france | CC BY

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, compared to 64.6 for France, ranking 72/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

East Timor France
Services, % of GDP
71.6%
2024
70.9%
2024
Industry, % of GDP
11.8%
2024
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
1.3%
2024
GNI, Atlas method
$2.31B
2024
$3.1T
2024
GNI per capita, PPP
$5,040
2024
$63,880
2024
Total reserves including gold
$737M
2024
$283B
2024
Total reserves ranking
147/177
2024
13/177
2024
Net foreign direct investment
-$211M
2024
-$10.3B
2024
Net inflows of foreign direct investment
$216M
2024
$52.1B
2024
Net outflows of foreign direct investment
$4.5M
2024
$41.7B
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
n/a
Poverty at national poverty lines
41.8%
2014
15.6%
2021
Gross capital formation, % of GDP
30.1%
2024
21.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/east-timor/france | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.