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Economy of East Timor vs Israel compared: GDP & Debt

Updated on by Georank team

East Timor has a GDP of $1.87B compared to $540B for Israel, ranking 181/197 and 29/197 by economy size, respectively.

East Timor has $249M in government debt (13.3% of GDP), compared to $366B (67.6% of GDP) in Israel.

East Timor vs Israel GDP by year

East Timor
Israel
1x
Year GDP, current $
East Timor Israel
2024 $1,865,608,515 $540,379,921,262
2023 $2,079,767,170 $512,184,638,999
2022 $3,208,599,889 $525,181,008,026
2021 $3,625,024,341 $489,851,549,972
2020 $2,162,619,241 $410,768,352,658
2019 $2,032,550,389 $400,645,216,359
2018 $1,555,988,614 $376,299,083,108
2017 $1,584,878,440 $358,451,839,053
2016 $1,640,464,612 $321,940,971,558
2015 $1,590,282,371 $303,469,434,072
2014 $1,447,535,183 $315,017,088,117
2013 $1,395,727,421 $298,478,070,673
2012 $1,160,555,040 $263,589,172,712
2011 $1,042,534,598 $268,094,998,225
2010 $881,909,347 $239,679,036,634
2009 $726,937,836 $213,403,181,853
2008 $648,523,571 $221,231,658,863
2007 $542,795,447 $184,681,214,673
2006 $453,792,415 $158,900,547,825
2005 $462,267,954 $147,519,922,009
2004 $440,771,962 $140,047,984,605
2003 $490,439,116 $131,408,914,824
2002 $469,455,491 $125,332,331,884
2001 $477,359,253 $135,002,039,613
2000 $366,924,277 $136,512,300,542
1999 $225,357,600 $121,417,185,062
1998 $325,729,800 $120,547,409,279
1997 $319,972,700 $119,459,826,347
1996 $306,956,900 $115,116,595,545
1995 $262,819,900 $105,497,418,059
1994 $239,040,500 $90,740,103,829
1993 $216,914,400 $79,855,877,174
1992 $187,891,500 $79,457,685,757
1991 $147,713,000 $70,998,755,007
1990 $128,210,142 $62,016,729,541
1989 - $52,443,479,454
1988 - $52,650,948,910
1987 - $43,049,543,635
1986 - $35,834,154,874
1985 - $28,905,736,367
1984 - $30,645,607,293
1983 - $32,675,755,462
1982 - $29,255,285,401
1981 - $26,882,009,819
1980 - $25,395,256,478
1979 - $22,609,741,060
1978 - $17,701,286,907
1977 - $18,257,113,904
1976 - $15,956,349,550
1975 - $16,141,767,373
1974 - $17,172,607,138
1973 - $11,902,574,259
1972 - $9,222,557,539
1971 - $7,052,544,000
1970 - $7,406,712,876
1969 - $6,297,852,761
1968 - $5,458,427,928
1967 - $4,762,386,783
1966 - $4,703,300,098
1965 - $4,329,084,429
1964 - $4,024,344,853
1963 - $3,535,949,089
1962 - $2,966,154,031
1961 - $3,708,586,471
1960 - $3,070,585,807

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

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

GDP per capita in East Timor vs Israel by year

East Timor
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,332 $4,423 $54,177 $57,236
2023 $1,502 $4,807 $52,004 $55,171
2022 $2,343 $5,730 $54,950 $53,619
2021 $2,685 $6,825 $52,271 $46,162
2020 $1,631 $6,132 $44,576 $40,955
2019 $1,562 $4,557 $44,251 $41,325
2018 $1,219 $3,561 $42,363 $40,190
2017 $1,266 $3,463 $41,138 $39,471
2016 $1,336 $3,391 $37,672 $38,189
2015 $1,320 $3,108 $36,213 $35,871
2014 $1,225 $2,860 $38,343 $34,816
2013 $1,205 $2,566 $37,034 $34,827
2012 $1,023 $2,386 $33,321 $32,484
2011 $939 $2,066 $34,523 $31,314
2010 $813 $1,955 $31,439 $29,456
2009 $687 $1,810 $28,508 $28,087
2008 $628 $1,675 $30,269 $28,084
2007 $540 $1,516 $25,721 $28,307
2006 $465 $1,377 $22,527 $26,385
2005 $487 $1,435 $21,287 $25,701
2004 $474 $1,379 $20,568 $26,078
2003 $535 $1,355 $19,643 $24,702
2002 $534 $1,417 $19,076 $26,101
2001 $588 $1,619 $20,966 $25,806
2000 $492 $1,483 $21,707 $25,766
1999 $270 $819 $19,823 $23,415
1998 $346 $1,108 $20,189 $22,927
1997 $349 $1,149 $20,469 $22,279
1996 $344 $1,116 $20,224 $21,672
1995 $303 $1,043 $19,026 $20,642
1994 $283.1 $985 $16,807 $19,478
1993 $264.1 $925 $15,179 $18,218
1992 $235.1 $843 $15,510 $17,553
1991 $189.8 $766 $14,346 $16,486
1990 $168.6 $685 $13,308 $15,721
1989 - - $11,608 -
1988 - - $11,853 -
1987 - - $9,853 -
1986 - - $8,335 -
1985 - - $6,829 -
1984 - - $7,369 -
1983 - - $7,960 -
1982 - - $7,258 -
1981 - - $6,795 -
1980 - - $6,549 -
1979 - - $5,972 -
1978 - - $4,797 -
1977 - - $5,053 -
1976 - - $4,516 -
1975 - - $4,672 -
1974 - - $5,085 -
1973 - - $3,631 -
1972 - - $2,930 -
1971 - - $2,298 -
1970 - - $2,490 -
1969 - - $2,189 -
1968 - - $1,947 -
1967 - - $1,735 -
1966 - - $1,789 -
1965 - - $1,689 -
1964 - - $1,626 -
1963 - - $1,486 -
1962 - - $1,294 -
1961 - - $1,697 -
1960 - - $1,452 -

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

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

East Timor's GDP per capita is $1,332, ranking 167/197, compared to $54,177 in Israel, ranking 21/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while Israel ranks 36th at $57,236.

Economic indicators

East Timor Israel
Gross domestic product
$1.87B
2024
$540B
2024
GDP rank
181/197
2024
29/197
2024
GDP growth
-9.1%
2023-2024
0.87%
2023-2024
GDP per capita
$1,332
2024
$54,177
2024
GDP per capita rank
167/197
2024
21/197
2024
GDP per capita, PPP
$4,423
2024
$57,236
2024
GDP per capita PPP rank
163/197
2024
36/197
2024
Government debt
$249M
2024
$366B
2024
Debt-to-GDP ratio
13.3%
2024
67.6%
2024
Government debt per person
$177.5
2024
$36,645
2024
Government debt per person rank
182/185
2024
18/185
2024
Average annual personal income after taxes
$1,440
2026
$43,003
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
179,905
2025
Number of billionaires n/a
41
2025
Income share by richest 10%
24%
2014
26.6%
2021
Income share by poorest 10%
4%
2014
2%
2021
Government expenditure, % of GDP
90.8%
2024
43.8%
2024
Consumer prices inflation
2.1%
2023-2024
3.07%
2023-2024
Central bank interest rate n/a
4.5%
2024
Unemployment rate
1.54%
2022
2.9%
2024
Population
1441764
10290887

Spending and national debt comparison by year

East Timor
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
East Timor Israel
Government spending Government debt Government spending Government debt
2024 90.8% 13.3% 43.8% 67.6%
2023 78.6% 12.4% 39.3% 61.3%
2022 59.9% 7.9% 36.9% 60.3%
2021 45.7% 6.53% 40% 67.7%
2020 61.7% 10.1% 44.8% 71.1%
2019 68.8% 9.51% 38.7% 59.3%
2018 85.5% 9.31% 39.2% 60.1%
2017 87.3% 6.71% 38.3% 59.8%
2016 112.2% 4.71% 37.9% 61.7%
2015 98.1% 2.95% 37.6% 62.8%
2014 111% 1.52% 38.3% 64.9%
2013 96.1% 0.46% 39.7% 66%
2012 129.3% 0.002% 39.6% 66.9%
2011 133.3% 0% 39.3% 67.2%
2010 121.3% 0% 39.7% 69%
2009 121.8% 0% 41.4% 72.6%
2008 122.4% 0% 41.2% 70.2%
2007 75.8% 0% 40.2% 70.8%
2006 59.8% 0% 41.6% 77.7%
2005 58.3% 0% 42.3% 85.2%
2004 74.2% 0% 43% 88.3%
2003 80.1% 0% 45.4% 89.7%
2002 93.5% 0% 50% 87.2%
2001 95.7% 0% 46.1% 81.1%
2000 - - 43.4% 77.2%
1999 - - 53.6% 94.8%
1998 - - 55% 101%
1997 - - 52.6% 99.3%
1996 - - 53.2% 100.3%
1995 - - 52.8% 102.3%
1994 - - 41.7% 110.2%
1993 - - 42.2% 118.3%
1992 - - 44.1% 119.6%
1991 - - 34.4% 123.7%
1990 - - 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, East Timor's government spending was $1.69B, accounting for 90.8% of its GDP, while Israel spent $237B, or 43.8% of GDP.

Debt-to-GDP ratio is 13.3% in East Timor and 67.6% in Israel, ranking 178/185 and 62/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

Israel
1x
Year Deficit/surplus, % of GDP
East Timor Israel
2024 -43.5% -8.26%
2023 -34.7% -5.06%
2022 -29.5% 0.32%
2021 -20.1% -3.37%
2020 -18.9% -10.7%
2019 -25.4% -3.79%
2018 -26.9% -3.56%
2017 -33.8% -1.13%
2016 -55.7% -1.79%
2015 -33.2% -1.21%
2014 -37.5% -2.29%
2013 -14.4% -4.06%
2012 -38.7% -4.46%
2011 -25.4% -3.43%
2010 -19.8% -3.72%
2009 -17.2% -6.53%
2008 -18.6% -3.5%
2007 -29.9% -0.43%
2006 41% -0.95%
2005 -10.5% -2.74%
2004 -7.48% -3.4%
2003 -8.24% -5.03%
2002 -7.64% -8.22%
2001 3.24% -4.06%
2000 - -0.8%
1999 - -6.26%
1998 - -7.99%
1997 - -4.84%
1996 - -5.97%
1995 - -4.28%
1994 - -5.62%
1993 - -5.62%
1992 - -8%
1991 - -7.04%
1990 - -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/east-timor/israel | 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 Israel's deficit of $44.6B, or 8.26% of GDP.

Over the past 24 years, East Timor recorded a fiscal deficit in 22 of those years, while Israel ran a deficit in 23 years. On average, East Timor posted an annual deficit equal to 21.4% of GDP, compared to deficit of 3.81% of GDP for Israel.

Inflation comparison by year

Inflation
East Timor

Israel
1x
Year Consumer prices inflation
East Timor Israel
2024 2.1% 3.07%
2023 8.4% 4.23%
2022 7% 4.41%
2021 3.8% 1.48%
2020 0.5% -0.58%
2019 0.9% 0.82%
2018 2.3% 0.81%
2017 0.5% 0.25%
2016 -1.5% -0.54%
2015 0.6% -0.62%
2014 0.8% 0.47%
2013 9.5% 1.59%
2012 10.9% 1.68%
2011 13.2% 3.49%
2010 5.2% 2.7%
2009 -0.2% 3.37%
2008 7.4% 4.53%
2007 8.6% 0.47%
2006 5.2% 2.05%
2005 1.6% 1.34%
2004 2.2% -0.42%
2003 8% 0.71%
2002 4.1% 5.8%
2001 3.6% 1.12%
2000 - 1.03%
1999 - 5.19%
1998 - 5.49%
1997 - 8.95%

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/israel | CC BY

Over the past 24 years, East Timor has recorded an average annual inflation rate of 4.36%, compared with 1.76% in Israel. In 2024, inflation was 2.1% in East Timor and 3.07% in Israel.

Top exports between countries

East Timor
Export category Export value
Israel
Export category Export value
Machinery & equipment $5K

Balance of trade

East Timor Israel
Current account balance
-$587M
2024
$15.5B
2024
Current account balance ranking
108/190
2024
21/190
2024
Current account balance, % of GDP
-31.5%
2024
+2.86%
2024
Goods imports
$839M
2024
$96.3B
2024
Goods exports
$196M
2024
$70B
2024
Service imports
$432M
2024
$44.4B
2024
Service exports
$82.1M
2024
$83.7B
2024
Imports of goods and services, % of GDP
84.9%
2024
26%
2024
Exports of goods and services, % of GDP
10.6%
2024
28.4%
2024

Economic freedom indices

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

East Timor Israel
Economic freedom 47.9 68.4
Economic freedom ranking 173/197 47/197
Property rights 43.5 73.1
Government integrity 43.9 66.2
Judicial effectiveness 34.5 68.1
Tax burden 97.1 60.2
Government spending 0 52
Fiscal health 19.6 60.8
Business freedom 62.7 72.4
Labor freedom 56.5 56.8
Monetary freedom 72.2 78.2
Trade freedom 79.8 82.8
Investment freedom 45 70
Financial freedom 20 80

Economic freedom comparison by year

East Timor
Israel
1x
Year Economic freedom index
East Timor Israel
2026 47.9 68.4
2025 47.9 69.9
2024 50.2 70.1
2023 47.2 68.9
2022 46.3 68
2021 44.7 73.8
2020 45.9 74
2019 44.2 72.8
2018 48.1 72.2
2017 46.3 69.7
2016 45.8 70.7
2015 45.5 70.5
2014 43.2 68.4
2013 43.7 66.9
2012 43.3 67.8
2011 42.8 68.5
2010 45.8 67.7
2009 50.5 67.6
2008 - 66.3
2007 - 64.8
2006 - 64.4
2005 - 62.6
2004 - 61.4
2003 - 62.7
2002 - 66.9
2001 - 66.1
2000 - 65.5
1999 - 68.3
1998 - 68
1997 - 62.7
1996 - 62
1995 - 61.5

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

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

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

East Timor Israel
Services, % of GDP
71.6%
2024
72.5%
2024
Industry, % of GDP
11.8%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
1.28%
2024
GNI, Atlas method
$2.31B
2024
$528B
2024
GNI per capita, PPP
$5,040
2024
$56,790
2024
Total reserves including gold
$737M
2024
$215B
2024
Total reserves ranking
147/177
2024
18/177
2024
Net foreign direct investment
-$211M
2024
-$4.86B
2024
Net inflows of foreign direct investment
$216M
2024
$14.8B
2024
Net outflows of foreign direct investment
$4.5M
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
n/a
Poverty at national poverty lines
41.8%
2014
22%
2020
Gross capital formation, % of GDP
30.1%
2024
23.4%
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/israel | 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 (2000–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, 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)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  9. TradeMap (2022, retrieved 2026-02-08)

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.