East Timor vs Iceland: Economic Indicators Comparison
Iceland with a GDP of $25.9B ranked the 108th largest economy in the world, while East Timor ranked 171st with $2.6B. By GDP 5-years average growth and GDP per capita, Iceland and East Timor ranked 47th vs 137th and 8th vs 146th, respectively.
Gross Domestic Product & Income
| Stat |  East Timor |  Iceland |
|---|---|---|
| GDP | $2.6B | $25.9B |
| GDP growth, 1 year | 0.8% | 4.6% |
| GDP growth, 5-years average | 1.9% | 4.5% |
| Population | 1.3M | 357k |
| GDP per capita | $2k | $73k |
| GDP per capita growth | 0.81% | 1.6% |
| Purchasing Power Parity conversion factor | 0.27 | 138.33 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.27 | 1.28 |
| GDP per capita, PPP adjusted | $5.2k | $56k |
| GNI, Atlas method | $2.3B | $24B |
| GNI per capita | $1.8k | $68k |
| GNI, PPP adjusted | $8.9B | $19.5B |
| GNI per capita, PPP adjusted | $7k | $55k |
Financial system and Human development
| Stat | East Timor | Iceland |
|---|---|---|
| Income Tax Rate | 10% | 31.8% |
| Corporate Tax Rate | 10% | 20% |
| Inflation, consumer prices | 2.3% | 2.7% |
| Inflation, GDP deflator | 0.9% | 2.4% |
| Unemployment | 3% | 2.9% |
| Economic Freedom Index | 45.9 | 77.1 |
| Personal Freedom Index | 7.19 | 9.27 |
| Human Freedom Index | 6.41 | 8.22 |
| Property Rights Index | 45.2 | 87.6 |
| Judical Effectiveness Index | 12.6 | 63.2 |
| Business Freedom Index | 64 | 84.7 |
| Fiscal Health Index | 19.9 | 97.5 |
| Labor Freedom Index | 58.9 | 63.5 |
| Investment Freedom Index | 45 | 85 |
| Financial Freedom Index | 20 | 70 |
| Trade Freedom Index | 75 | 86.8 |
| Monetary Freedom Index | 76.5 | 80.3 |
| Government Spending Index | 5.3 | 44.1 |
| Tax Burden Index | 96.3 | 71.7 |
| Government Integrity Index | 32.5 | 90.3 |
| Corruption Perceptions Index | 35 | 76 |
| Life expectancy at birth, years | 69 | 82.2 |
| Suicide mortality rate, per 100,000 people | 4.6 | 14 |
| Mortality caused by road traffic injury, per 100,000 people | 12.7 | 6.6 |
| Intentional homicides, per 100,000 people | 4 | 0.9 |
| International tourism, number of arrivals | 75k | 2.3M |
Government debt & reserves
| Stat | East Timor | Iceland |
|---|---|---|
| Central government debt, % of GDP | 5.4% | 35.4% |
| External debt stocks, % of GNI | 6.7% | N/A |
| External debt stocks | $158.1M | N/A |
| Short-term debt, % of total reserves | 0.4% | N/A |
| Total debt service, % of exports and primary income | 0.3% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | -14.6% | 16.6% |
| Gross savings, % of GDP | 12.3% | 21.2% |
| Gross capital formation, % of GDP | 22.5% | 22.6% |
| Total reserves including gold | $673.9M | $6.3B |
| Foreign direct investment net inflows | $47.9M | -$434.6M |
Exports, imports and economic structure
| Stat | East Timor | Iceland |
|---|---|---|
| Exports of goods and services, % of GDP | 61.1% | 47.2% |
| Imports of goods and services, % of GDP | 59.9% | 44.1% |
| Current account balance (balance of payments) | -$191.1M | $731.3M |
| Revenue excluding grants, % of GDP | 38.4% | 31% |
| Grants excluding technical cooperation, BoP | $119.1M | N/A |
| Personal remittances received | $96.3M | $168.9M |
| Industry including construction value added, % of GDP | 45.8% | 19.6% |
| Agriculture, forestry and fishing value added, % of GDP | 10.4% | 4.6% |
| Charges for the use of intellectual property, payments BoP | $33k | $143.4M |
| Charges for the use of intellectual property, receipts BoP | N/A | $241.7M |
| Expense, % of GDP | 36.4% | 30.8% |
| Government Expenditure, % of GDP | 56.2% | 43.2% |
