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Economy of East Timor vs Germany compared: GDP & Debt

Updated on by Georank

East Timor has a GDP of $1.9B compared to $5.05T for Germany, ranking 181/197 and 3/197 by economy size, respectively.

East Timor has $273M in government debt (14.3% of GDP), compared to $3.18T (62.9% of GDP) in Germany.

East Timor vs Germany GDP by year

East Timor
Germany
1x
Year GDP, current $
East Timor Germany
2025 $1,902,180,258 $5,050,922,925,047
2024 $1,865,608,515 $4,685,592,577,805
2023 $2,079,767,200 $4,562,207,532,490
2022 $3,208,599,900 $4,201,021,706,479
2021 $3,625,024,300 $4,355,251,953,411
2020 $2,162,619,200 $3,941,398,957,074
2019 $2,032,550,400 $3,959,894,794,039
2018 $1,555,988,600 $4,055,433,215,302
2017 $1,584,878,400 $3,765,351,626,106
2016 $1,640,464,600 $3,536,787,895,179
2015 $1,590,282,400 $3,425,099,578,746
2014 $1,447,535,200 $3,964,870,735,761
2013 $1,395,727,400 $3,807,023,797,051
2012 $1,160,555,000 $3,596,483,233,406
2011 $1,042,534,600 $3,823,575,803,794
2010 $881,909,300 $3,467,093,769,667
2009 $726,937,800 $3,478,545,516,684
2008 $648,523,600 $3,808,197,720,125
2007 $542,795,400 $3,484,056,680,855
2006 $453,792,400 $3,046,308,753,671
2005 $462,268,000 $2,893,393,187,362
2004 $440,772,000 $2,852,317,768,062
2003 $490,439,100 $2,534,715,518,349
2002 $469,455,500 $2,102,350,798,306
2001 $477,359,300 $1,966,381,496,642
2000 $366,924,300 $1,966,980,701,145
1999 $225,357,600 $2,213,873,468,587
1998 $325,729,800 $2,247,760,364,566
1997 $319,972,700 $2,218,790,886,533
1996 $306,956,900 $2,506,576,553,158
1995 $262,819,900 $2,593,053,091,306
1994 $239,040,500 $2,215,282,632,277
1993 $216,914,400 $2,078,954,217,438
1992 $187,891,500 $2,141,377,582,968
1991 $147,713,000 $1,875,792,575,133
1990 $128,210,142 $1,778,162,195,860
1989 - $1,404,092,925,205
1988 - $1,406,367,016,372
1987 - $1,302,932,318,825
1986 - $1,050,092,624,516
1985 - $735,218,723,093
1984 - $727,767,760,979
1983 - $773,507,930,295
1982 - $779,421,633,755
1981 - $803,404,797,058
1980 - $953,772,499,462
1979 - $884,574,218,333
1978 - $743,182,891,918
1977 - $602,698,323,086
1976 - $521,658,712,133
1975 - $492,434,094,920
1974 - $446,934,971,657
1973 - $399,833,571,167
1972 - $300,899,944,795
1971 - $250,900,942,397
1970 - $216,629,229,947
1969 - $177,733,486,326
1968 - $156,527,292,653
1967 - $145,100,667,773
1966 - $143,304,275,684
1965 - $134,774,688,191
1964 - $123,330,404,665
1963 - $112,232,503,744
1962 - $105,895,435,234
1961 - $96,558,204,043
1960 - $84,619,845,881

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in East Timor vs Germany by year

East Timor
GDP per capita

GDP per capita, PPP
Germany
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor Germany
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,341 - $60,496 -
2024 $1,332 $4,423 $56,104 $73,552
2023 $1,502 $4,807 $54,777 $71,684
2022 $2,343 $5,730 $50,507 $69,049
2021 $2,685 $6,825 $52,349 $62,531
2020 $1,631 $6,132 $47,395 $58,686
2019 $1,562 $4,557 $47,656 $59,271
2018 $1,219 $3,561 $48,916 $56,273
2017 $1,266 $3,463 $45,554 $54,110
2016 $1,336 $3,391 $42,949 $51,570
2015 $1,320 $3,108 $41,930 $48,545
2014 $1,225 $2,860 $48,960 $47,939
2013 $1,205 $2,566 $47,207 $45,889
2012 $1,023 $2,386 $44,718 $44,229
2011 $939 $2,066 $47,631 $43,398
2010 $813 $1,955 $42,397 $39,726
2009 $687 $1,810 $42,472 $37,574
2008 $628 $1,675 $46,379 $38,444
2007 $540 $1,516 $42,351 $36,914
2006 $465 $1,377 $36,980 $34,741
2005 $487 $1,435 $35,084 $32,314
2004 $474 $1,379 $34,567 $31,753
2003 $535 $1,355 $30,711 $30,301
2002 $534 $1,417 $25,487 $29,514
2001 $588 $1,619 $23,878 $28,674
2000 $492 $1,483 $23,926 $27,474
1999 $270 $819 $26,965 $26,518
1998 $346 $1,108 $27,396 $25,446
1997 $349 $1,149 $27,047 $24,649
1996 $344 $1,116 $30,600 $24,169
1995 $303 $1,043 $31,747 $23,631
1994 $283.1 $985 $27,202 $22,869
1993 $264.1 $925 $25,617 $21,900
1992 $235.1 $843 $26,560 $21,746
1991 $189.8 $766 $23,443 $21,001
1990 $168.6 $685 $22,386 $19,468
1989 - - $17,829 -
1988 - - $17,997 -
1987 - - $16,739 -
1986 - - $13,511 -
1985 - - $9,464 -
1984 - - $9,347 -
1983 - - $9,900 -
1982 - - $9,950 -
1981 - - $10,246 -
1980 - - $12,183 -
1979 - - $11,322 -
1978 - - $9,517 -
1977 - - $7,711 -
1976 - - $6,659 -
1975 - - $6,259 -
1974 - - $5,660 -
1973 - - $5,065 -
1972 - - $3,824 -
1971 - - $3,204 -
1970 - - $2,771 -
1969 - - $2,281 -
1968 - - $2,025 -
1967 - - $1,886 -
1966 - - $1,871 -
1965 - - $1,774 -
1964 - - $1,637 -
1963 - - $1,502 -
1962 - - $1,431 -
1961 - - $1,316 -
1960 - - $1,162 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

East Timor's GDP per capita is $1,341, ranking 168/197, compared to $60,496 in Germany, ranking 18/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while Germany ranks 20th at $73,552.

Economic indicators

East Timor Germany
Gross domestic product
$1.9B
2025
$5.05T
2025
GDP rank
181/197
2025
3/197
2025
GDP growth
6.98%
2024-2025
0.24%
2024-2025
GDP per capita
$1,341
2025
$60,496
2025
GDP per capita rank
168/197
2025
18/197
2025
GDP per capita, PPP
$4,423
2024
$73,552
2024
GDP per capita PPP rank
163/197
2024
20/197
2024
Government debt
$273M
2025
$3.18T
2025
Debt-to-GDP ratio
14.3%
2025
62.9%
2025
Government debt per person
$192.3
2025
$38,071
2025
Government debt per person rank
182/185
2025
21/185
2025
Average annual personal income after taxes
$1,644
2026
$40,352
2026
Market capitalization of domestic companies n/a
$2.9T
2025
Number of millionaires n/a
2,648,000
2026
Number of billionaires n/a
212
2026
Income share by richest 10%
24%
2014
26.2%
2022
Income share by poorest 10%
4%
2014
2.3%
2022
Government expenditure, % of GDP
93.9%
2025
50.5%
2025
Consumer prices inflation
0.5%
2024-2025
2.17%
2024-2025
Unemployment rate
1.54%
2022
3.8%
2025
Population
1446322
82830814

Spending and national debt comparison by year

East Timor
Spending

Debt
Germany
Spending

Debt
1x
Year % of GDP
East Timor Germany
Government spending Government debt Government spending Government debt
2025 93.9% 14.3% 50.5% 62.9%
2024 98% 14.4% 49.4% 62.2%
2023 78.6% 12.4% 48.1% 62.3%
2022 59.9% 7.9% 48.6% 64.4%
2021 45.7% 6.53% 50.7% 67.9%
2020 61.7% 10.1% 51.1% 68%
2019 68.8% 9.51% 45.5% 58.7%
2018 85.5% 9.31% 44.7% 60.8%
2017 87.3% 6.71% 44.5% 64%
2016 112.2% 4.71% 44.7% 68.3%
2015 98.1% 2.95% 44.5% 71.2%
2014 111% 1.52% 44.5% 74.5%
2013 96.1% 0.46% 45.2% 77.5%
2012 129.3% 0.002% 45.1% 79.8%
2011 133.3% 0% 45.3% 78.5%
2010 121.3% 0% 48.1% 81%
2009 121.8% 0% 48.3% 72.4%
2008 122.4% 0% 44.4% 65.2%
2007 75.8% 0% 43.5% 63.7%
2006 59.8% 0% 45.3% 66.4%
2005 58.3% 0% 46.9% 67.1%
2004 74.2% 0% 47% 65%
2003 80.1% 0% 48.5% 63.3%
2002 93.5% 0% 48.2% 59.8%
2001 95.7% 0% 47.7% 58.1%
2000 - - 48.1% 59.2%
1999 - - 48.5% 60.3%
1998 - - 48.3% 59.4%
1997 - - 48.8% 58.8%
1996 - - 49.6% 57.7%
1995 - - 55.2% 54.9%
1994 - - 48.3% 47.5%
1993 - - 48.3% 45.1%
1992 - - 47.4% 41.4%
1991 - - 46.5% 39%
1990 - - 44.7% 40.7%
1989 - - 44.3% 39.2%
1988 - - 45.6% 40.5%
1987 - - 46% 40.1%
1986 - - 45.7% 39.1%
1985 - - 46.6% 39.2%
1984 - - 47.2% 38.7%
1983 - - 47.9% 38%
1982 - - 49.1% 36.4%
1981 - - 49% 33.6%
1980 - - 48.2% 30.1%
1979 - - 47.4% 28.2%
1978 - - 47.7% 27.4%
1977 - - 49% 26%
1976 - - 49.4% 25.1%
1975 - - 50.3% 23.7%
1974 - - 46% 18.5%
1973 - - 42.4% 17.3%
1972 - - 41.8% 18%
1971 - - 40.9% 17.7%
1970 - - 39.5% 17.7%
1969 - - 29.7% 20.3%
1968 - - 28.5% 22.5%
1967 - - 28.8% 22.5%
1966 - - 28.3% 19.8%
1965 - - 28.4% 18.7%
1964 - - 29% 18.2%
1963 - - 29.1% 18.1%
1962 - - 29.2% 17.6%
1961 - - 28.8% 18.7%
1960 - - 22.9% 18.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-07-08).

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

In 2025, East Timor's government spending was $1.79B, accounting for 93.9% of its GDP, while Germany spent $2.55T, or 50.5% of GDP.

Debt-to-GDP ratio is 14.3% in East Timor and 62.9% in Germany, ranking 178/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

Germany
1x
Year Deficit/surplus, % of GDP
East Timor Germany
2025 -48% -2.67%
2024 -47% -2.66%
2023 -34.7% -2.49%
2022 -29.5% -1.91%
2021 -20.1% -3.17%
2020 -18.9% -4.38%
2019 -25.4% 1.33%
2018 -26.9% 1.88%
2017 -33.8% 1.34%
2016 -55.7% 1.13%
2015 -33.2% 0.91%
2014 -37.5% 0.73%
2013 -14.4% 0.12%
2012 -38.7% -0.05%
2011 -25.4% -0.84%
2010 -19.8% -4.42%
2009 -17.2% -3.18%
2008 -18.6% -0.26%
2007 -29.9% 0.15%
2006 41% -1.76%
2005 -10.5% -3.37%
2004 -7.48% -3.42%
2003 -8.24% -3.83%
2002 -7.64% -4.09%
2001 3.24% -3.12%
2000 - -1.71%
1999 - -1.87%
1998 - -2.65%
1997 - -3.03%
1996 - -3.64%
1995 - -9.44%
1994 - -2.54%
1993 - -3.11%
1992 - -2.63%
1991 - -3.21%
1990 - -1.94%
1989 - 0.08%
1988 - -2.02%
1987 - -1.85%
1986 - -1.18%
1985 - -1.18%
1984 - -2.04%
1983 - -2.95%
1982 - -3.56%
1981 - -4.03%
1980 - -3.02%
1979 - -2.71%
1978 - -2.62%
1977 - -2.56%
1976 - -3.5%
1975 - -5.78%
1974 - -1.69%
1973 - 1.14%
1972 - -0.37%
1971 - 0.16%
1970 - 0.53%
1969 - -0.43%
1968 - 1.39%
1967 - 2.73%
1966 - 1.76%
1965 - 2.26%
1964 - 1.49%
1963 - 1.43%
1962 - 0.49%
1961 - -0.12%
1960 - -0.34%
1959 - 0.77%
1958 - 1.77%
1957 - 1.99%
1956 - 0.59%
1955 - -1.41%
1954 - -0.37%
1953 - -0.13%
1952 - 0%
1951 - 1.15%
1950 - 1.81%
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 - -0.64%
1933 - -0.43%
1932 - -1.11%
1931 - -1.03%
1930 - -1.52%
1929 - -0.9%
1928 - -1.47%
1927 - -0.44%
1926 - -1.3%
1925 - 0.34%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.007%
1912 - -0.26%
1911 - 0.06%
1910 - -0.21%
1909 - 0.11%
1908 - -0.11%
1907 - -0.14%
1906 - 0.76%
1905 - 1.21%
1904 - 0.41%
1903 - 0.88%
1902 - 0.08%
1901 - 0.91%
1900 - 0.27%
1899 - 0.6%
1898 - 0.47%
1897 - 0.39%
1896 - 0.63%
1895 - 0.47%
1894 - 0.44%
1893 - 0.42%
1892 - -0.24%
1891 - 1.18%
1890 - 0.12%
1889 - 1.16%
1888 - 0.62%
1887 - 0.88%
1886 - 0.23%
1885 - 0.21%
1884 - 0.23%
1883 - 0.55%
1882 - 0.41%
1881 - 0.12%
1880 - -0.13%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

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

In 2025, East Timor's government deficit, the difference between spending and revenue, was $914M, equivalent to 48% of GDP. This compares to Germany's deficit of $135B, or 2.67% of GDP.

Over the past 25 years, East Timor recorded a fiscal deficit in 23 of those years, while Germany ran a deficit in 17 years. On average, East Timor posted an annual deficit equal to 22.6% of GDP, compared to deficit of 1.52% of GDP for Germany.

Inflation comparison by year

Inflation
East Timor

Germany
1x
Year Consumer prices inflation
East Timor Germany
2025 0.5% 2.17%
2024 2.1% 2.26%
2023 8.4% 5.95%
2022 7% 6.87%
2021 3.8% 3.07%
2020 0.5% 0.14%
2019 0.9% 1.45%
2018 2.3% 1.73%
2017 0.5% 1.51%
2016 -1.5% 0.49%
2015 0.6% 0.51%
2014 0.8% 0.91%
2013 9.5% 1.5%
2012 10.9% 2.01%
2011 13.2% 2.08%
2010 5.2% 1.1%
2009 -0.2% 0.31%
2008 7.4% 2.63%
2007 8.6% 2.3%
2006 5.2% 1.58%
2005 1.6% 1.55%
2004 2.2% 1.67%
2003 8% 1.03%
2002 4.1% 1.42%
2001 3.6% 1.98%
2000 - 1.44%
1999 - 0.59%
1998 - 0.91%
1997 - 1.94%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2001–2025, retrieved 2026-07-08).

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

Over the past 25 years, East Timor has recorded an average annual inflation rate of 4.21%, compared with 1.93% in Germany. In 2025, inflation was 0.5% in East Timor and 2.17% in Germany.

Top exports between countries

East Timor
Export category Export value
Raw agricultural goods $110K
Textiles & consumer goods $3K
Wood & paper products $1K
Germany
Export category Export value
Metals $357K
Machinery & equipment $167K
Chemicals & pharma $115K
Textiles & consumer goods $109K
Miscellaneous $25K
Raw materials & minerals $19K
Processed food, beverages & tobacco $7K
Weapons & explosives $6K
Wood & paper products $4K

Balance of trade

East Timor Germany
Current account balance
-$701M
2025
$228B
2025
Current account balance ranking
109/190
2025
2/190
2025
Current account balance, % of GDP
-36.9%
2025
+4.51%
2025
Goods imports
$842M
2025
$1.32T
2025
Goods exports
$126M
2025
$1.53T
2025
Service imports
$475M
2025
$602B
2025
Service exports
$147M
2025
$518B
2025
Imports of goods and services, % of GDP
84.9%
2024
38.1%
2025
Exports of goods and services, % of GDP
10.6%
2024
40.4%
2025

Economic freedom indices

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

East Timor Germany
Economic freedom 47.9 71.7
Economic freedom ranking 173/197 30/197
Property rights 43.5 95.5
Government integrity 43.9 84.5
Judicial effectiveness 34.5 94.6
Tax burden 97.1 60.5
Government spending 0 28.8
Fiscal health 19.6 83.1
Business freedom 62.7 79.8
Labor freedom 56.5 52.2
Monetary freedom 72.2 72.5
Trade freedom 79.8 79.4
Investment freedom 45 60
Financial freedom 20 70

Economic freedom comparison by year

East Timor
Germany
1x
Year Economic freedom index
East Timor Germany
2026 47.9 71.7
2025 47.9 71.6
2024 50.2 72.1
2023 47.2 73.7
2022 46.3 76.1
2021 44.7 72.5
2020 45.9 73.5
2019 44.2 73.5
2018 48.1 74.2
2017 46.3 73.8
2016 45.8 74.4
2015 45.5 73.8
2014 43.2 73.4
2013 43.7 72.8
2012 43.3 71
2011 42.8 71.8
2010 45.8 71.1
2009 50.5 70.5
2008 - 70.6
2007 - 70.8
2006 - 70.8
2005 - 68.1
2004 - 69.5
2003 - 69.7
2002 - 70.4
2001 - 69.5
2000 - 65.7
1999 - 65.6
1998 - 64.3
1997 - 67.5
1996 - 69.1
1995 - 69.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, compared to 71.7 for Germany, ranking 30/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

East Timor Germany
Services, % of GDP
71.6%
2024
64.5%
2025
Industry, % of GDP
11.8%
2024
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
0.87%
2025
GNI, Atlas method
$2.14B
2025
$5.03T
2025
GNI per capita, PPP
$5,120
2025
$78,140
2025
Total reserves including gold
$851M
2025
$572B
2025
Total reserves ranking
145/177
2025
7/177
2025
Net foreign direct investment
-$253M
2025
$12.9B
2025
Net inflows of foreign direct investment
$225M
2024
$62.6B
2024
Net outflows of foreign direct investment
$4.5M
2024
$87B
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
n/a
Poverty at national poverty lines
41.8%
2014
14.8%
2021
Gross capital formation, % of GDP
30.1%
2024
21.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.