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Economy of East Timor vs India compared: GDP & Debt

Updated on by Georank

East Timor has a GDP of $1.9B compared to $3.96T for India, ranking 181/197 and 6/197 by economy size, respectively.

East Timor has $273M in government debt (14.3% of GDP), compared to $3.33T (84.1% of GDP) in India.

East Timor vs India GDP by year

East Timor
India
1x
Year GDP, current $
East Timor India
2025 $1,902,180,258 $3,956,067,115,772
2024 $1,865,608,515 $3,760,813,470,501
2023 $2,079,767,200 $3,500,906,030,645
2022 $3,208,599,900 $3,249,938,492,013
2021 $3,625,024,300 $3,167,270,623,260
2020 $2,162,619,200 $2,674,851,578,587
2019 $2,032,550,400 $2,835,606,256,558
2018 $1,555,988,600 $2,702,929,641,649
2017 $1,584,878,400 $2,651,474,262,755
2016 $1,640,464,600 $2,294,796,885,663
2015 $1,590,282,400 $2,103,588,360,045
2014 $1,447,535,200 $2,039,126,479,155
2013 $1,395,727,400 $1,856,721,507,622
2012 $1,160,555,000 $1,827,637,590,410
2011 $1,042,534,600 $1,823,051,829,895
2010 $881,909,300 $1,675,615,519,485
2009 $726,937,800 $1,341,888,016,995
2008 $648,523,600 $1,198,895,139,006
2007 $542,795,400 $1,216,736,438,835
2006 $453,792,400 $940,259,888,788
2005 $462,268,000 $820,383,763,511
2004 $440,772,000 $709,152,728,831
2003 $490,439,100 $607,700,687,237
2002 $469,455,500 $514,939,140,319
2001 $477,359,300 $485,440,139,204
2000 $366,924,300 $468,395,521,654
1999 $225,357,600 $458,821,052,616
1998 $325,729,800 $421,351,317,225
1997 $319,972,700 $415,867,563,593
1996 $306,956,900 $392,896,866,205
1995 $262,819,900 $360,281,909,643
1994 $239,040,500 $327,274,843,459
1993 $216,914,400 $279,295,648,983
1992 $187,891,500 $288,208,070,278
1991 $147,713,000 $270,105,341,879
1990 $128,210,142 $320,979,026,420
1989 - $296,042,052,945
1988 - $296,589,670,896
1987 - $279,033,584,092
1986 - $248,985,994,041
1985 - $232,511,554,840
1984 - $212,157,645,178
1983 - $218,262,146,413
1982 - $200,715,624,831
1981 - $193,491,368,446
1980 - $186,328,579,302
1979 - $152,995,442,498
1978 - $137,302,319,829
1977 - $121,486,641,441
1976 - $102,716,451,980
1975 - $98,473,832,017
1974 - $99,526,597,934
1973 - $85,517,673,173
1972 - $71,464,700,667
1971 - $67,351,404,352
1970 - $62,422,483,055
1969 - $58,447,995,017
1968 - $53,085,455,871
1967 - $50,134,942,204
1966 - $45,581,230,504
1965 - $59,556,105,229
1964 - $56,480,289,941
1963 - $48,421,923,459
1962 - $42,161,481,858
1961 - $39,232,435,784
1960 - $37,029,883,876

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

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

GDP per capita in East Timor vs India by year

East Timor
GDP per capita

GDP per capita, PPP
India
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor India
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,341 - $2,702 -
2024 $1,332 $4,423 $2,592 $11,160
2023 $1,502 $4,807 $2,434 $10,323
2022 $2,343 $5,730 $2,280 $9,207
2021 $2,685 $6,825 $2,240 $8,050
2020 $1,631 $6,132 $1,907 $6,966
2019 $1,562 $4,557 $2,041 $7,151
2018 $1,219 $3,561 $1,966 $6,715
2017 $1,266 $3,463 $1,950 $6,145
2016 $1,336 $3,391 $1,708 $5,800
2015 $1,320 $3,108 $1,584 $5,425
2014 $1,225 $2,860 $1,554 $5,192
2013 $1,205 $2,566 $1,433 $5,014
2012 $1,023 $2,386 $1,429 $4,820
2011 $939 $2,066 $1,445 $4,455
2010 $813 $1,955 $1,348 $4,206
2009 $687 $1,810 $1,095 $3,887
2008 $628 $1,675 $993 $3,633
2007 $540 $1,516 $1,022 $3,508
2006 $465 $1,377 $802 $3,221
2005 $487 $1,435 $710 $2,937
2004 $474 $1,379 $624 $2,682
2003 $535 $1,355 $544 $2,461
2002 $534 $1,417 $469 $2,277
2001 $588 $1,619 $450 $2,200
2000 $492 $1,483 $443 $2,091
1999 $270 $819 $442 $2,006
1998 $346 $1,108 $414 $1,852
1997 $349 $1,149 $416 $1,759
1996 $344 $1,116 $401 $1,695
1995 $303 $1,043 $375 $1,579
1994 $283.1 $985 $348 $1,467
1993 $264.1 $925 $303 $1,374
1992 $235.1 $843 $319 $1,309
1991 $189.8 $766 $306 $1,239
1990 $168.6 $685 $371 $1,212
1989 - - $350 -
1988 - - $358 -
1987 - - $345 -
1986 - - $315 -
1985 - - $301 -
1984 - - $281 -
1983 - - $296 -
1982 - - $278.7 -
1981 - - $275 -
1980 - - $271.1 -
1979 - - $228 -
1978 - - $209.4 -
1977 - - $189.6 -
1976 - - $164.1 -
1975 - - $161.1 -
1974 - - $166.7 -
1973 - - $146.6 -
1972 - - $125.3 -
1971 - - $120.7 -
1970 - - $114.4 -
1969 - - $109.5 -
1968 - - $101.6 -
1967 - - $98 -
1966 - - $91 -
1965 - - $121.5 -
1964 - - $117.9 -
1963 - - $103.4 -
1962 - - $92.2 -
1961 - - $87.9 -
1960 - - $84.9 -

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

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

East Timor's GDP per capita is $1,341, ranking 168/197, compared to $2,702 in India, ranking 149/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while India ranks 130th at $11,160.

Economic indicators

East Timor India
Gross domestic product
$1.9B
2025
$3.96T
2025
GDP rank
181/197
2025
6/197
2025
GDP growth
6.98%
2024-2025
7.57%
2024-2025
GDP per capita
$1,341
2025
$2,702
2025
GDP per capita rank
168/197
2025
149/197
2025
GDP per capita, PPP
$4,423
2024
$11,160
2024
GDP per capita PPP rank
163/197
2024
130/197
2024
Government debt
$273M
2025
$3.33T
2025
Debt-to-GDP ratio
14.3%
2025
84.1%
2025
Government debt per person
$192.3
2025
$2,272
2025
Government debt per person rank
182/185
2025
116/185
2025
Average annual personal income after taxes
$1,644
2026
$2,974
2026
Market capitalization of domestic companies n/a
$10.6T
2025
Number of millionaires n/a
944,000
2026
Number of billionaires n/a
229
2026
Income share by richest 10%
24%
2014
22.1%
2022
Income share by poorest 10%
4%
2014
4.5%
2022
Government expenditure, % of GDP
93.9%
2025
28.5%
2025
Consumer prices inflation
0.5%
2024-2025
2.4%
2024-2025
Central bank interest rate n/a
5.25%
2025
Unemployment rate
1.54%
2022
4.51%
2025
Population
1446322
1483314140

Spending and national debt comparison by year

East Timor
Spending

Debt
India
Spending

Debt
1x
Year % of GDP
East Timor India
Government spending Government debt Government spending Government debt
2025 93.9% 14.3% 28.5% 84.1%
2024 98% 14.4% 29.3% 84.8%
2023 78.6% 12.4% 29.7% 85%
2022 59.9% 7.9% 30% 84.6%
2021 45.7% 6.53% 30.7% 85.7%
2020 61.7% 10.1% 31.8% 90.6%
2019 68.8% 9.51% 27.4% 76.7%
2018 85.5% 9.31% 26.8% 71.7%
2017 87.3% 6.71% 26.6% 70.8%
2016 112.2% 4.71% 27.6% 69.8%
2015 98.1% 2.95% 27.3% 69.8%
2014 111% 1.52% 26.2% 67.6%
2013 96.1% 0.46% 26.5% 68%
2012 129.3% 0.002% 27.2% 68.1%
2011 133.3% 0% 27.3% 68.7%
2010 121.3% 0% 27.7% 67.7%
2009 121.8% 0% 28.1% 72.7%
2008 122.4% 0% 28.3% 74.3%
2007 75.8% 0% 26.1% 75.4%
2006 59.8% 0% 25.6% 77.9%
2005 58.3% 0% 26% 82.4%
2004 74.2% 0% 28.4% 84.9%
2003 80.1% 0% 29.9% 85.9%
2002 93.5% 0% 29.1% 84.3%
2001 95.7% 0% 28.3% 80.1%
2000 - - 26.1% 74.9%
1999 - - 25.8% 71.3%
1998 - - 26% 69.3%
1997 - - 25.2% 69%
1996 - - 24.4% 67.1%
1995 - - 25% 70.9%
1994 - - 26.2% 74.8%
1993 - - 26.2% 78.3%
1992 - - 26.7% 78.8%
1991 - - 26.8% 76.7%
1990 - - 25.4% 50.8%
1989 - - 25.7% 50.5%
1988 - - 24.9% 48.9%
1987 - - 22.5% 48.9%
1986 - - 23.2% 47.9%
1985 - - 21.6% 44.3%
1984 - - 19.8% 41.6%
1983 - - 17.8% 39.6%
1982 - - 17.8% 41.7%
1981 - - 16.6% 37.2%
1980 - - 17.5% 38%
1979 - - 15.6% 32.2%
1978 - - 15% 30.8%
1977 - - 13.9% 29.9%
1976 - - 14.4% 31.3%
1975 - - 12.7% 29.5%
1974 - - 11.3% 29%
1973 - - 12.9% 34.1%
1972 - - 13.5% 37.2%
1971 - - 12.4% 37.6%
1970 - - 11.7% 38.1%
1969 - - 11.5% 38.8%
1968 - - 12.6% 40.3%
1967 - - 13.8% 38.5%
1966 - - 13.8% 36.2%
1965 - - 13.7% 36.8%
1964 - - 13.2% 33.8%
1963 - - 12.3% 35.5%
1962 - - 11.5% 36.2%
1961 - - 11.8% 38.7%
1960 - - 11.2% 36.5%

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

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

In 2025, East Timor's government spending was $1.79B, accounting for 93.9% of its GDP, while India spent $1.13T, or 28.5% of GDP.

Debt-to-GDP ratio is 14.3% in East Timor and 84.1% in India, ranking 178/185 and 38/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

India
1x
Year Deficit/surplus, % of GDP
East Timor India
2025 -48% -7.44%
2024 -47% -7.85%
2023 -34.7% -8.37%
2022 -29.5% -9.23%
2021 -20.1% -9.7%
2020 -18.9% -13.2%
2019 -25.4% -7.86%
2018 -26.9% -6.46%
2017 -33.8% -6.33%
2016 -55.7% -7.21%
2015 -33.2% -7.28%
2014 -37.5% -6.9%
2013 -14.4% -6.78%
2012 -38.7% -7.32%
2011 -25.4% -8.03%
2010 -19.8% -8.53%
2009 -17.2% -9.26%
2008 -18.6% -8.15%
2007 -29.9% -3.73%
2006 41% -5.11%
2005 -10.5% -6.64%
2004 -7.48% -9.22%
2003 -8.24% -11.4%
2002 -7.64% -11.1%
2001 3.24% -11%
2000 - -8.41%
1999 - -8.7%
1998 - -9.74%
1997 - -8.28%
1996 - -6.71%
1995 - -6.81%
1994 - -8%
1993 - -8.57%
1992 - -7.89%
1991 - -7.44%
1990 - -7.63%
1989 - -7.68%
1988 - -7.01%
1987 - -9.53%
1986 - -10.6%
1985 - -9.58%
1984 - -8.54%
1983 - -7.28%
1982 - -6.78%
1981 - -6.07%
1980 - -7.27%
1979 - -4.87%
1978 - -4.45%
1977 - -4.1%
1976 - -4.1%
1975 - -3.11%
1974 - -2.3%
1973 - -3.53%
1972 - -3.14%
1971 - -2.9%
1970 - -2.35%
1969 - -2.66%
1968 - -3.98%
1967 - -4.97%
1966 - -4.18%
1965 - -4.49%
1964 - -4.41%
1963 - -4.16%
1962 - -3.3%
1961 - -4.1%
1960 - -4.05%
1959 - -5.29%
1958 - -5.08%
1957 - -3.35%
1956 - -2.93%
1955 - -2.77%
1954 - -2.61%
1953 - -1.83%
1952 - 0.03%
1951 - -0.5%
1950 - -1.01%
1949 - -0.73%
1948 - -0.82%
1947 - -0.86%
1946 - -2.89%
1945 - -4.4%
1944 - -3.32%
1943 - -3.48%
1942 - -3.62%
1941 - -0.37%
1940 - -0.59%
1939 - -0.32%
1938 - -0.16%
1937 - -0.1%
1936 - -0.45%
1935 - -0.4%
1934 - -0.09%
1933 - 0%
1932 - 0.03%
1931 - -0.68%
1930 - -1.02%
1929 - -0.91%
1928 - -0.87%
1927 - -0.98%
1926 - -0.88%
1925 - -0.67%
1924 - -0.3%
1923 - -0.66%
1922 - -1.05%
1921 - -1.45%
1920 - -1.57%
1919 - -1.04%
1918 - -0.48%
1917 - -5.69%
1916 - 0.25%
1915 - -0.51%
1914 - -0.98%
1913 - -0.85%
1912 - -0.58%
1911 - -0.42%
1910 - -0.85%
1909 - -0.7%
1908 - -1.25%
1907 - -1.22%
1906 - -0.8%
1905 - -2%
1904 - -0.53%
1903 - -0.56%
1902 - -0.56%
1901 - -0.27%
1900 - -1.06%
1899 - -0.56%
1898 - -0.49%
1897 - -1.02%
1896 - -1%
1895 - -0.41%
1894 - -0.5%
1893 - -0.59%
1892 - -0.56%
1891 - -0.64%
1890 - -0.8%
1889 - -0.45%
1888 - -1.94%
1887 - -1.28%
1886 - -0.75%
1885 - -1.48%
1884 - -1.22%
1883 - -0.81%
1882 - -0.77%
1881 - -0.05%
1880 - -0.69%
1879 - -0.39%
1878 - -0.12%
1877 - -0.84%
1876 - -0.8%
1875 - -0.87%
1874 - -0.15%
1873 - -0.28%
1872 - 0.31%
1871 - 0.42%
1870 - 0.19%
1869 - 0.01%
1868 - -0.38%
1867 - -0.12%
1866 - -0.31%
1865 - 0.21%
1864 - -0.11%
1863 - -0.06%
1862 - 0.15%
1861 - -0.16%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1861–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/east-timor/india | 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 India's deficit of $294B, or 7.44% of GDP.

Over the past 25 years, East Timor recorded a fiscal deficit in 23 of those years, while India ran a deficit in 25 years. On average, East Timor posted an annual deficit equal to 22.6% of GDP, compared to deficit of 8.17% of GDP for India.

Inflation comparison by year

Inflation
East Timor

India
1x
Year Consumer prices inflation
East Timor India
2025 0.5% 2.4%
2024 2.1% 4.95%
2023 8.4% 5.65%
2022 7% 6.7%
2021 3.8% 5.13%
2020 0.5% 6.62%
2019 0.9% 3.73%
2018 2.3% 3.94%
2017 0.5% 3.33%
2016 -1.5% 4.95%
2015 0.6% 4.91%
2014 0.8% 6.67%
2013 9.5% 10%
2012 10.9% 9.48%
2011 13.2% 8.91%
2010 5.2% 12%
2009 -0.2% 10.9%
2008 7.4% 8.35%
2007 8.6% 6.37%
2006 5.2% 5.8%
2005 1.6% 4.25%
2004 2.2% 3.77%
2003 8% 3.81%
2002 4.1% 4.3%
2001 3.6% 3.78%
2000 - 4.01%
1999 - 4.67%
1998 - 13.2%
1997 - 7.16%

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/india | CC BY

Over the past 25 years, East Timor has recorded an average annual inflation rate of 4.21%, compared with 6.03% in India. In 2025, inflation was 0.5% in East Timor and 2.4% in India.

Top exports between countries

East Timor
Export category Export value
India
Export category Export value
Raw agricultural goods $41.7M
Chemicals & pharma $2.59M
Processed food, beverages & tobacco $893K
Machinery & equipment $783K
Raw materials & minerals $486K
Textiles & consumer goods $202K
Metals $136K
Wood & paper products $75K
Miscellaneous $6K
Animal & marine products $1K

Balance of trade

East Timor India
Current account balance
-$701M
2025
-$16.5B
2025
Current account balance ranking
109/190
2025
182/190
2025
Current account balance, % of GDP
-36.9%
2025
-0.42%
2025
Goods imports
$842M
2025
$761B
2025
Goods exports
$126M
2025
$450B
2025
Service imports
$475M
2025
$203B
2025
Service exports
$147M
2025
$412B
2025
Imports of goods and services, % of GDP
84.9%
2024
24%
2025
Exports of goods and services, % of GDP
10.6%
2024
22.3%
2025

Economic freedom indices

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

East Timor India
Economic freedom 47.9 52.5
Economic freedom ranking 173/197 146/197
Property rights 43.5 48.3
Government integrity 43.9 37.8
Judicial effectiveness 34.5 52.6
Tax burden 97.1 71.2
Government spending 0 75.7
Fiscal health 19.6 6.7
Business freedom 62.7 67.4
Labor freedom 56.5 59
Monetary freedom 72.2 70.9
Trade freedom 79.8 61
Investment freedom 45 40
Financial freedom 20 40

Economic freedom comparison by year

East Timor
India
1x
Year Economic freedom index
East Timor India
2026 47.9 52.5
2025 47.9 53
2024 50.2 52.9
2023 47.2 52.9
2022 46.3 53.9
2021 44.7 56.5
2020 45.9 56.5
2019 44.2 55.2
2018 48.1 54.5
2017 46.3 52.6
2016 45.8 56.2
2015 45.5 54.6
2014 43.2 55.7
2013 43.7 55.2
2012 43.3 54.6
2011 42.8 54.6
2010 45.8 53.8
2009 50.5 54.4
2008 - 54.1
2007 - 53.9
2006 - 52.2
2005 - 54.2
2004 - 51.5
2003 - 51.2
2002 - 51.2
2001 - 49
2000 - 47.4
1999 - 50.2
1998 - 49.7
1997 - 49.7
1996 - 47.4
1995 - 45.1

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

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

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, compared to 52.5 for India, ranking 146/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

East Timor India
Services, % of GDP
71.6%
2024
49.3%
2025
Industry, % of GDP
11.8%
2024
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
16.2%
2025
GNI, Atlas method
$2.14B
2025
$4.04T
2025
GNI per capita, PPP
$5,120
2025
$11,600
2025
Total reserves including gold
$851M
2025
$700B
2025
Total reserves ranking
145/177
2025
5/177
2025
Net foreign direct investment
-$253M
2025
-$3.41B
2025
Net inflows of foreign direct investment
$225M
2024
$27.1B
2024
Net outflows of foreign direct investment
$4.5M
2024
$24.2B
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
2.47%
2024
Poverty at national poverty lines
41.8%
2014
21.9%
2011
Gross capital formation, % of GDP
30.1%
2024
34.6%
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/india | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1861–1990, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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 (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.