Skip to content

Economy of East Timor vs Haiti compared: GDP & Debt

Updated on by Georank team

East Timor has a GDP of $1.87B compared to $25.2B for Haiti, ranking 181/197 and 117/197 by economy size, respectively.

East Timor has $249M in government debt (13.3% of GDP), compared to $3.91B (15.5% of GDP) in Haiti.

East Timor vs Haiti GDP by year

East Timor
Haiti
1x
Year GDP, current $
East Timor Haiti
2024 $1,865,608,515 $25,224,154,991
2023 $2,079,767,170 $19,850,585,722
2022 $3,208,599,889 $20,253,551,921
2021 $3,625,024,341 $20,944,387,976
2020 $2,162,619,241 $14,508,222,518
2019 $2,032,550,389 $15,016,090,930
2018 $1,555,988,614 $16,403,864,618
2017 $1,584,878,440 $15,093,357,161
2016 $1,640,464,612 $14,069,277,526
2015 $1,590,282,371 $14,849,629,309
2014 $1,447,535,183 $15,146,883,498
2013 $1,395,727,421 $14,902,488,604
2012 $1,160,555,040 $13,708,925,477
2011 $1,042,534,598 $13,008,746,039
2010 $881,909,347 $11,859,312,725
2009 $726,937,836 $11,597,002,835
2008 $648,523,571 $10,432,962,635
2007 $542,795,447 $9,228,637,768
2006 $453,792,415 $7,638,739,123
2005 $462,267,954 $7,030,149,730
2004 $440,771,962 $6,087,360,684
2003 $490,439,116 $5,071,947,798
2002 $469,455,491 $6,205,847,214
2001 $477,359,253 $6,331,970,324
2000 $366,924,277 $6,813,566,099
1999 $225,357,600 $4,153,725,884
1998 $325,729,800 $3,723,903,724
1997 $319,972,700 $3,338,949,152
1996 $306,956,900 $2,907,517,604
1995 $262,819,900 $2,813,313,279
1994 $239,040,500 $2,167,569,046
1993 $216,914,400 $1,878,253,767
1992 $187,891,500 $2,257,129,792
1991 $147,713,000 $3,473,562,628
1990 $128,210,142 $3,096,289,800
1989 - $2,736,243,800
1988 - $2,613,926,800
1987 - $2,047,200,000
1986 - $2,318,000,000
1985 - $2,009,400,000
1984 - $1,816,200,000
1983 - $1,623,600,000
1982 - $1,474,200,000
1981 - $1,479,400,000
1980 - $1,383,800,000
1979 - $1,080,600,000
1978 - $974,200,000
1977 - $947,000,000
1976 - $879,000,000
1975 - $681,400,000
1974 - $565,399,322
1973 - $466,798,973
1972 - $371,998,958
1971 - $362,800,000
1970 - $331,200,000
1969 - $391,820,400
1968 - $367,968,800
1967 - $369,124,200
1966 - $368,948,600
1965 - $353,251,800
1964 - $325,281,200
1963 - $294,883,400
1962 - $281,896,800
1961 - $271,066,000
1960 - $273,187,200

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

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

GDP per capita in East Timor vs Haiti by year

East Timor
GDP per capita

GDP per capita, PPP
Haiti
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor Haiti
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,332 $4,423 $2,143 $3,194
2023 $1,502 $4,807 $1,706 $3,292
2022 $2,343 $5,730 $1,761 $3,275
2021 $2,685 $6,825 $1,841 $3,145
2020 $1,631 $6,132 $1,290 $3,103
2019 $1,562 $4,557 $1,352 $3,237
2018 $1,219 $3,561 $1,496 $3,197
2017 $1,266 $3,463 $1,395 $3,339
2016 $1,336 $3,391 $1,318 $3,253
2015 $1,320 $3,108 $1,411 $3,026
2014 $1,225 $2,860 $1,460 $3,076
2013 $1,205 $2,566 $1,458 $3,042
2012 $1,023 $2,386 $1,361 $2,830
2011 $939 $2,066 $1,312 $2,858
2010 $813 $1,955 $1,210 $2,695
2009 $687 $1,810 $1,197 $2,855
2008 $628 $1,675 $1,095 $2,724
2007 $540 $1,516 $985 $2,647
2006 $465 $1,377 $829 $2,504
2005 $487 $1,435 $776 $2,427
2004 $474 $1,379 $683 $2,322
2003 $535 $1,355 $579 $2,331
2002 $534 $1,417 $721 $2,248
2001 $588 $1,619 $749 $2,230
2000 $492 $1,483 $821 $2,229
1999 $270 $819 $510 $2,201
1998 $346 $1,108 $465 $2,152
1997 $349 $1,149 $425 $2,122
1996 $344 $1,116 $377 $2,070
1995 $303 $1,043 $372 $1,989
1994 $283.1 $985 $292.1 $1,807
1993 $264.1 $925 $258.1 $2,048
1992 $235.1 $843 $316 $2,158
1991 $189.8 $766 $497 $2,273
1990 $168.6 $685 $452 $2,202
1989 - - $407 -
1988 - - $397 -
1987 - - $318 -
1986 - - $367 -
1985 - - $325 -
1984 - - $299.2 -
1983 - - $272.8 -
1982 - - $252.6 -
1981 - - $258.5 -
1980 - - $246.5 -
1979 - - $196.2 -
1978 - - $180.3 -
1977 - - $178.7 -
1976 - - $169.1 -
1975 - - $133.6 -
1974 - - $113 -
1973 - - $95.1 -
1972 - - $77.3 -
1971 - - $76.8 -
1970 - - $71.5 -
1969 - - $86.1 -
1968 - - $82.4 -
1967 - - $84.2 -
1966 - - $85.7 -
1965 - - $83.6 -
1964 - - $78.5 -
1963 - - $72.4 -
1962 - - $70.4 -
1961 - - $69 -
1960 - - $70.8 -

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

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

East Timor's GDP per capita is $1,332, ranking 167/197, compared to $2,143 in Haiti, ranking 153/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while Haiti ranks 177th at $3,194.

Economic indicators

East Timor Haiti
Gross domestic product
$1.87B
2024
$25.2B
2024
GDP rank
181/197
2024
117/197
2024
GDP growth
-9.1%
2023-2024
-4.17%
2023-2024
GDP per capita
$1,332
2024
$2,143
2024
GDP per capita rank
167/197
2024
153/197
2024
GDP per capita, PPP
$4,423
2024
$3,194
2024
GDP per capita PPP rank
163/197
2024
177/197
2024
Government debt
$249M
2024
$3.91B
2024
Debt-to-GDP ratio
13.3%
2024
15.5%
2024
Government debt per person
$177.5
2024
$332
2024
Government debt per person rank
182/185
2024
176/185
2024
Average annual personal income after taxes
$1,440
2026
$1,896
2026
Income share by richest 10%
24%
2014
31.2%
2012
Income share by poorest 10%
4%
2014
2.1%
2012
Government expenditure, % of GDP
90.8%
2024
5.25%
2024
Consumer prices inflation
2.1%
2023-2024
26.9%
2023-2024
Unemployment rate
1.54%
2022
14.1%
2012
Population
1441764
12076663

Spending and national debt comparison by year

East Timor
Spending

Debt
Haiti
Spending

Debt
1x
Year % of GDP
East Timor Haiti
Government spending Government debt Government spending Government debt
2024 90.8% 13.3% 5.25% 15.5%
2023 78.6% 12.4% 6.46% 28.5%
2022 59.9% 7.9% 8.33% 29.5%
2021 45.7% 6.53% 9.42% 28.9%
2020 61.7% 10.1% 9.86% 22.3%
2019 68.8% 9.51% 9.59% 26.5%
2018 85.5% 9.31% 11.3% 24.1%
2017 87.3% 6.71% 10.2% 22.5%
2016 112.2% 4.71% 10.5% 24.4%
2015 98.1% 2.95% 12.7% 23.9%
2014 111% 1.52% 14.6% 21.4%
2013 96.1% 0.46% 15.9% 25.1%
2012 129.3% 0.002% 16.4% 24.1%
2011 133.3% 0% 14.1% 22.3%
2010 121.3% 0% 12.6% 24.9%
2009 121.8% 0% 11.6% 19.4%
2008 122.4% 0% 11.2% 33.9%
2007 75.8% 0% 11.1% 24.4%
2006 59.8% 0% 9.67% 32.2%
2005 58.3% 0% 8.75% 29.7%
2004 74.2% 0% 7.38% 30.4%
2003 80.1% 0% 7.83% 37.8%
2002 93.5% 0% 6.64% 32%
2001 95.7% 0% 6.11% 28.8%
2000 - - 6.25% 32.5%
1999 - - 6.91% 24.1%
1998 - - 5.4% 24%
1997 - - 5.46% 26.2%
1996 - - - 26.2%
1995 - - - 26.2%
1994 - - - 35.3%
1993 - - - 98%
1992 - - - 118.9%
1991 - - - 80.7%
1990 - - - 85.1%
1989 - - - 98.7%
1988 - - - 90.9%
1987 - - 32.4% 58.6%
1986 - - 15.1% 26.5%
1985 - - 17.4% 25.6%
1984 - - 16.9% 27.3%
1983 - - 21.9% 28.9%
1982 - - 20.7% 25.5%
1981 - - 17.4% 23.7%
1980 - - 17.2% 20.3%
1979 - - 13.1% 19.8%
1978 - - 18.9% 20.1%
1977 - - 16.7% 18.5%
1976 - - 13.4% 14.9%
1975 - - 12.8% 14.2%
1974 - - 9.24% 13.3%
1973 - - 9.4% 8.92%
1972 - - 11.2% 11.1%
1971 - - 11.2% 11%
1970 - - 11.4% 12.5%
1969 - - 10.1% -
1968 - - 10.3% -
1967 - - 7.52% -
1966 - - 7.2% -
1965 - - 7.91% -
1964 - - - -
1963 - - 8.95% -
1962 - - - -
1961 - - - -
1960 - - 7.34% 21.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, East Timor's government spending was $1.69B, accounting for 90.8% of its GDP, while Haiti spent $1.32B, or 5.25% of GDP.

Debt-to-GDP ratio is 13.3% in East Timor and 15.5% in Haiti, ranking 178/185 and 177/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

Haiti
1x
Year Deficit/surplus, % of GDP
East Timor Haiti
2024 -43.5% 6.96%
2023 -34.7% 0.77%
2022 -29.5% -1.75%
2021 -20.1% -2.45%
2020 -18.9% -1.96%
2019 -25.4% -1.99%
2018 -26.9% -1.13%
2017 -33.8% -0.32%
2016 -55.7% 0.12%
2015 -33.2% -1.47%
2014 -37.5% -3.64%
2013 -14.4% -3.98%
2012 -38.7% -2.71%
2011 -25.4% -1.43%
2010 -19.8% -1.5%
2009 -17.2% -2%
2008 -18.6% -1.8%
2007 -29.9% -1.55%
2006 41% -0.91%
2005 -10.5% -0.83%
2004 -7.48% -1.34%
2003 -8.24% -2.24%
2002 -7.64% -1.8%
2001 3.24% -1.55%
2000 - -1.36%
1999 - -1.54%
1998 - 0.21%
1997 - 0.37%
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -4.94%
1986 - -1.4%
1985 - -0.97%
1984 - -3.52%
1983 - -5.72%
1982 - -3.93%
1981 - -4.38%
1980 - -5.68%
1979 - -2.21%
1978 - -3.24%
1977 - -2.85%
1976 - -1.16%
1975 - -1.73%
1974 - 0.23%
1973 - 0.03%
1972 - 0.24%
1971 - -0.08%
1970 - -0.19%
1969 - -0.39%
1968 - -0.46%
1967 - 0%
1966 - 0%
1965 - 0%
1964 - -
1963 - 0%
1962 - -
1961 - -
1960 - 0.006%
1959 - -1.11%
1958 - -2.21%
1957 - 0.28%
1956 - -2.18%
1955 - -0.86%
1954 - -0.81%
1953 - -1.01%
1952 - -
1951 - -
1950 - -
1949 - -0.12%
1948 - 0.21%
1947 - 1.06%
1946 - 0.51%
1945 - 0.47%
1944 - -
1943 - -
1942 - -
1941 - -0.21%
1940 - 0.13%
1939 - -0.16%
1938 - 0.15%
1937 - -0.08%
1936 - -0.06%
1935 - -0.2%
1934 - -1.23%
1933 - 0%
1932 - 0.4%
1931 - -0.49%
1930 - -0.52%
1929 - -0.32%
1928 - -0.25%
1927 - 0.73%
1926 - -0.45%
1925 - 0.05%
1924 - -0.14%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1924–1987, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/east-timor/haiti | 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 Haiti's surplus of $1.76B, or 6.96% of GDP.

Over the past 24 years, East Timor recorded a fiscal deficit in 22 of those years, while Haiti ran a deficit in 21 years. On average, East Timor posted an annual deficit equal to 21.4% of GDP, compared to deficit of 1.27% of GDP for Haiti.

Inflation comparison by year

Inflation
East Timor

Haiti
1x
Year Consumer prices inflation
East Timor Haiti
2024 2.1% 26.9%
2023 8.4% 36.8%
2022 7% 34%
2021 3.8% 16.8%
2020 0.5% 22.8%
2019 0.9% 18.7%
2018 2.3% 12.5%
2017 0.5% 10.7%
2016 -1.5% 11.5%
2015 0.6% 6.73%
2014 0.8% 3.44%
2013 9.5% 4.77%
2012 10.9% 5.02%
2011 13.2% 6.33%
2010 5.2% 4.83%
2009 -0.2% 0.39%
2008 7.4% 15.3%
2007 8.6% 6.56%
2006 5.2% 11.3%
2005 1.6% 14%
2004 2.2% 21%
2003 8% 28.7%
2002 4.1% 7.03%
2001 3.6% 13.3%
2000 - 9.33%
1999 - 3%
1998 - 5.27%
1997 - 20.6%

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/haiti | CC BY

Over the past 24 years, East Timor has recorded an average annual inflation rate of 4.36%, compared with 14.1% in Haiti. In 2024, inflation was 2.1% in East Timor and 26.9% in Haiti.

Balance of trade

East Timor Haiti
Current account balance
-$587M
2024
-$145M
2024
Current account balance ranking
108/190
2024
92/190
2024
Current account balance, % of GDP
-31.5%
2024
-0.58%
2024
Goods imports
$839M
2024
$4.27B
2024
Goods exports
$196M
2024
$767M
2024
Service imports
$432M
2024
$518M
2024
Service exports
$82.1M
2024
$96.6M
2024
Imports of goods and services, % of GDP
84.9%
2024
18.8%
2024
Exports of goods and services, % of GDP
10.6%
2024
3.4%
2024

Economic freedom indices

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

East Timor Haiti
Economic freedom 47.9 46.1
Economic freedom ranking 173/197 178/197
Property rights 43.5 6.6
Government integrity 43.9 13
Judicial effectiveness 34.5 17.3
Tax burden 97.1 81.7
Government spending 0 98.7
Fiscal health 19.6 99.5
Business freedom 62.7 30.7
Labor freedom 56.5 54.7
Monetary freedom 72.2 45.1
Trade freedom 79.8 66.4
Investment freedom 45 20
Financial freedom 20 20

Economic freedom comparison by year

East Timor
Haiti
1x
Year Economic freedom index
East Timor Haiti
2026 47.9 46.1
2025 47.9 46.1
2024 50.2 48.2
2023 47.2 49.9
2022 46.3 50
2021 44.7 50.8
2020 45.9 52.3
2019 44.2 52.7
2018 48.1 55.8
2017 46.3 49.6
2016 45.8 51.3
2015 45.5 51.3
2014 43.2 48.9
2013 43.7 48.1
2012 43.3 50.7
2011 42.8 52.1
2010 45.8 50.8
2009 50.5 50.5
2008 - 49
2007 - 51.4
2006 - 49.2
2005 - 48.4
2004 - 51.2
2003 - 50.6
2002 - 47.9
2001 - 47.1
2000 - 45.7
1999 - 45.9
1998 - 45.7
1997 - 45.8
1996 - 41
1995 - 43

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

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

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, compared to 46.1 for Haiti, ranking 178/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

East Timor Haiti
Services, % of GDP
71.6%
2024
48.3%
2024
Industry, % of GDP
11.8%
2024
33.4%
2024
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
15.9%
2024
GNI, Atlas method
$2.31B
2024
$20.7B
2024
GNI per capita, PPP
$5,040
2024
$3,190
2024
Total reserves including gold
$737M
2024
$2.72B
2024
Total reserves ranking
147/177
2024
121/177
2024
Net foreign direct investment
-$211M
2024
-$20M
2024
Net inflows of foreign direct investment
$216M
2024
$20M
2024
Net outflows of foreign direct investment
$4.5M
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
2.15%
2024
Poverty at national poverty lines
41.8%
2014
58.5%
2012
Gross capital formation, % of GDP
30.1%
2024
9.94%
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/haiti | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1996, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.