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Economy of East Timor vs Lebanon compared: GDP & Debt

Updated on by Georank

East Timor has a GDP of $1.9B compared to $26B for Lebanon, ranking 181/197 and 121/197 by economy size, respectively.

East Timor has $273M in government debt (14.3% of GDP), compared to $41B (139.4% of GDP) in Lebanon.

East Timor vs Lebanon GDP by year

East Timor
Lebanon
1x
Year GDP, current $
East Timor Lebanon
2025 $1,902,180,258 -
2024 $1,865,608,515 $25,971,643,441
2023 $2,079,767,200 $20,078,620,357
2022 $3,208,599,900 $20,992,421,949
2021 $3,625,024,300 $23,131,941,557
2020 $2,162,619,200 $31,712,128,254
2019 $2,032,550,400 $51,605,959,131
2018 $1,555,988,600 $54,901,519,156
2017 $1,584,878,400 $53,027,680,686
2016 $1,640,464,600 $51,147,308,774
2015 $1,590,282,400 $49,929,337,837
2014 $1,447,535,200 $48,095,213,747
2013 $1,395,727,400 $46,880,103,081
2012 $1,160,555,000 $44,016,799,516
2011 $1,042,534,600 $39,927,125,962
2010 $881,909,300 $38,443,907,042
2009 $726,937,800 $35,399,582,929
2008 $648,523,600 $29,118,916,105
2007 $542,795,400 $24,827,355,015
2006 $453,792,400 $22,022,709,851
2005 $462,268,000 $21,497,336,499
2004 $440,772,000 $21,159,827,992
2003 $490,439,100 $20,082,918,740
2002 $469,455,500 $19,152,238,806
2001 $477,359,300 $17,649,751,244
2000 $366,924,300 $17,260,364,842
1999 $225,357,600 $17,391,056,369
1998 $325,729,800 $17,247,179,006
1997 $319,972,700 $15,751,867,489
1996 $306,956,900 $13,690,217,334
1995 $262,819,900 $11,718,795,529
1994 $239,040,500 $9,599,127,050
1993 $216,914,400 $7,941,744,492
1992 $187,891,500 $5,843,579,161
1991 $147,713,000 $4,690,415,093
1990 $128,210,142 $2,838,485,354
1989 - $2,717,998,688
1988 - $3,313,540,068

Data sources: World Bank | Economy & Growth (1988–2025, retrieved 2026-07-08).

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

GDP per capita in East Timor vs Lebanon by year

East Timor
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,341 - - -
2024 $1,332 $4,423 $4,473 -
2023 $1,502 $4,807 $3,478 $12,575
2022 $2,343 $5,730 $3,654 $12,293
2021 $2,685 $6,825 $4,045 $11,600
2020 $1,631 $6,132 $5,561 $16,260
2019 $1,562 $4,557 $8,906 $21,710
2018 $1,219 $3,561 $9,175 $21,985
2017 $1,266 $3,463 $8,608 $20,964
2016 $1,336 $3,391 $8,089 $18,941
2015 $1,320 $3,108 $7,714 $17,046
2014 $1,225 $2,860 $7,578 $16,140
2013 $1,205 $2,566 $8,162 $16,316
2012 $1,023 $2,386 $8,407 $16,121
2011 $939 $2,066 $7,835 $14,975
2010 $813 $1,955 $7,626 $14,704
2009 $687 $1,810 $7,091 $13,586
2008 $628 $1,675 $5,912 $12,416
2007 $540 $1,516 $5,125 $11,356
2006 $465 $1,377 $4,635 $10,312
2005 $487 $1,435 $4,602 $10,020
2004 $474 $1,379 $4,601 $9,609
2003 $535 $1,355 $4,438 $8,914
2002 $534 $1,417 $4,291 $8,586
2001 $588 $1,619 $4,010 $8,289
2000 $492 $1,483 $3,987 $7,938
1999 $270 $819 $4,087 $7,793
1998 $346 $1,108 $4,125 $7,861
1997 $349 $1,149 $3,834 $7,632
1996 $344 $1,116 $3,393 $7,560
1995 $303 $1,043 $2,959 $6,796
1994 $283.1 $985 $2,468 $6,367
1993 $264.1 $925 $2,079 $5,871
1992 $235.1 $843 $1,559 $5,279
1991 $189.8 $766 $1,278 $4,527
1990 $168.6 $685 $790 $2,990
1989 - - $771 -
1988 - - $959 -

Data sources: World Bank | Economy & Growth (1988–2025, retrieved 2026-07-08).

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

East Timor's GDP per capita is $1,341, ranking 168/197, compared to $4,473 in Lebanon, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while Lebanon ranks 123rd at $12,575.

Economic indicators

East Timor Lebanon
Gross domestic product
$1.9B
2025
$26B
2024
GDP rank
181/197
2025
121/197
2024
GDP growth
6.98%
2024-2025
-7.08%
2023-2024
GDP per capita
$1,341
2025
$4,473
2024
GDP per capita rank
168/197
2025
129/197
2024
GDP per capita, PPP
$4,423
2024
$12,575
2023
GDP per capita PPP rank
163/197
2024
123/197
2023
Government debt
$273M
2025
$41B
2024
Debt-to-GDP ratio
14.3%
2025
139.4%
2025
Government debt per person
$192.3
2025
$7,061
2024
Government debt per person rank
182/185
2025
71/185
2024
Average annual personal income after taxes
$1,644
2026
$3,055
2026
Market capitalization of domestic companies n/a
$10.6B
2021
Number of billionaires n/a
6
2026
Income share by richest 10%
24%
2014
25.6%
2022
Income share by poorest 10%
4%
2014
2.8%
2022
Government expenditure, % of GDP
93.9%
2025
15.5%
2025
Consumer prices inflation
0.5%
2024-2025
14.6%
2024-2025
Central bank interest rate n/a
20%
2023
Unemployment rate
1.54%
2022
11.3%
2019
Population
1446322
5921719

Spending and national debt comparison by year

East Timor
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
East Timor Lebanon
Government spending Government debt Government spending Government debt
2025 93.9% 14.3% 15.5% 139.4%
2024 98% 14.4% 15.3% 157.9%
2023 78.6% 12.4% 14.3% 185.8%
2022 59.9% 7.9% 12.9% 235.9%
2021 45.7% 6.53% 10.5% 346%
2020 61.7% 10.1% 24.5% 157.2%
2019 68.8% 9.51% 31.3% 171.9%
2018 85.5% 9.31% 32.1% 154%
2017 87.3% 6.71% 30.7% 150.4%
2016 112.2% 4.71% 28.6% 147.9%
2015 98.1% 2.95% 26.7% 140.9%
2014 111% 1.52% 28.9% 138.5%
2013 96.1% 0.46% 28.9% 135.4%
2012 129.3% 0.002% 30.2% 131.1%
2011 133.3% 0% 28.8% 134.4%
2010 121.3% 0% 29.2% 136.8%
2009 121.8% 0% 32.1% 144.5%
2008 122.4% 0% 34.3% 161.5%
2007 75.8% 0% 35.2% 169.3%
2006 59.8% 0% 36.1% 183.3%
2005 58.3% 0% 31.4% 178.9%
2004 74.2% 0% 33.3% 169.5%
2003 80.1% 0% 36.4% 171.3%
2002 93.5% 0% 36.8% 163.1%
2001 95.7% 0% 38.9% 163.1%
2000 - - 42.8% 148.1%
1999 - - 35.6% 130.2%
1998 - - 34.7% 108.2%
1997 - - 40.5% 100.2%
1996 - - 43.6% 101.2%
1995 - - 31.1% 79.6%
1994 - - 47.3% 71.5%
1993 - - 23% 50.5%
1992 - - 36.1% 51.7%
1991 - - 35.6% 67.1%
1990 - - 40% 99.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-07-08).

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

In 2025, East Timor's government spending was $1.79B, accounting for 93.9% of its GDP, while Lebanon spent $3.98B, or 15.5% of GDP.

Debt-to-GDP ratio is 14.3% in East Timor and 139.4% in Lebanon, ranking 178/185 and 8/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

Lebanon
1x
Year Deficit/surplus, % of GDP
East Timor Lebanon
2025 -48% 3.25%
2024 -47% 0.39%
2023 -34.7% -1.64%
2022 -29.5% -7.49%
2021 -20.1% -2.57%
2020 -18.9% -7.79%
2019 -25.4% -10.5%
2018 -26.9% -11.2%
2017 -33.8% -8.68%
2016 -55.7% -8.98%
2015 -33.2% -7.49%
2014 -37.5% -6.22%
2013 -14.4% -8.83%
2012 -38.7% -8.43%
2011 -25.4% -5.94%
2010 -19.8% -7.47%
2009 -17.2% -8.1%
2008 -18.6% -9.86%
2007 -29.9% -10.9%
2006 41% -10.6%
2005 -10.5% -8.57%
2004 -7.48% -9.83%
2003 -8.24% -14%
2002 -7.64% -16.2%
2001 3.24% -21%
2000 - -23.9%
1999 - -16.7%
1998 - -17.3%
1997 - -24.5%
1996 - -25.7%
1995 - -13.6%
1994 - -29.1%
1993 - -7.19%
1992 - -24%
1991 - -19.5%
1990 - -30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2024, East Timor's government deficit, the difference between spending and revenue, was $877M, equivalent to 47% of GDP. This compares to Lebanon's surplus of $102M, or 0.39% of GDP.

Over the past 24 years, East Timor recorded a fiscal deficit in 22 of those years, while Lebanon ran a deficit in 23 years. On average, East Timor posted an annual deficit equal to 21.5% of GDP, compared to deficit of 8.83% of GDP for Lebanon.

Inflation comparison by year

Inflation
East Timor

Lebanon
1x
Year Consumer prices inflation
East Timor Lebanon
2025 0.5% 14.6%
2024 2.1% 45.2%
2023 8.4% 221.3%
2022 7% 171.2%
2021 3.8% 154.8%
2020 0.5% 84.9%
2019 0.9% 2.9%
2018 2.3% 6.1%
2017 0.5% 4.4%
2016 -1.5% -0.8%
2015 0.6% -3.7%
2014 0.8% 1.9%
2013 9.5% 4.8%
2012 10.9% 6.6%
2011 13.2% 5%
2010 5.2% 4%
2009 -0.2% 1.2%
2008 7.4% 10.7%
2007 8.6% 4.1%
2006 5.2% 4.1%
2005 1.6% -1.4%
2004 2.2% 1.7%
2003 8% 1.3%
2002 4.1% 1.8%
2001 3.6% -0.4%
2000 - -0.4%
1999 - 0.2%
1998 - 4.5%
1997 - 7.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 25 years, East Timor has recorded an average annual inflation rate of 4.21%, compared with 29.9% in Lebanon. In 2025, inflation was 0.5% in East Timor and 14.6% in Lebanon.

Balance of trade

East Timor Lebanon
Current account balance
-$701M
2025
-$5.64B
2023
Current account balance ranking
109/190
2025
166/190
2023
Current account balance, % of GDP
-36.9%
2025
-28.1%
2023
Goods imports
$842M
2025
$16.7B
2023
Goods exports
$126M
2025
$3.85B
2023
Service imports
$475M
2025
$6.63B
2023
Service exports
$147M
2025
$7.92B
2023
Imports of goods and services, % of GDP
84.9%
2024
58.9%
2024
Exports of goods and services, % of GDP
10.6%
2024
23.3%
2024

Economic freedom indices

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

East Timor Lebanon
Economic freedom 47.9 43.1
Economic freedom ranking 173/197 183/197
Property rights 43.5 21.8
Government integrity 43.9 23.4
Judicial effectiveness 34.5 23.8
Tax burden 97.1 90.3
Government spending 0 93.3
Fiscal health 19.6 63.4
Business freedom 62.7 47.6
Labor freedom 56.5 48.4
Monetary freedom 72.2 0
Trade freedom 79.8 65.6
Investment freedom 45 20
Financial freedom 20 20

Economic freedom comparison by year

East Timor
Lebanon
1x
Year Economic freedom index
East Timor Lebanon
2026 47.9 43.1
2025 47.9 44.1
2024 50.2 48.3
2023 47.2 45.6
2022 46.3 47.3
2021 44.7 51.4
2020 45.9 51.7
2019 44.2 51.1
2018 48.1 53.2
2017 46.3 53.3
2016 45.8 59.5
2015 45.5 59.3
2014 43.2 59.4
2013 43.7 59.5
2012 43.3 60.1
2011 42.8 60.1
2010 45.8 59.5
2009 50.5 58.1
2008 - 60
2007 - 60.4
2006 - 57.5
2005 - 57.2
2004 - 56.9
2003 - 56.7
2002 - 57.1
2001 - 61
2000 - 56.1
1999 - 59.1
1998 - 59
1997 - 63.9
1996 - 63.2

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

East Timor Lebanon
Services, % of GDP
71.6%
2024
35.7%
2024
Industry, % of GDP
11.8%
2024
2.63%
2024
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
1.05%
2024
GNI, Atlas method
$2.14B
2025
$20.7B
2024
GNI per capita, PPP
$5,120
2025
$11,790
2024
Total reserves including gold
$851M
2025
$33.3B
2024
Total reserves ranking
145/177
2025
56/177
2024
Net foreign direct investment
-$253M
2025
-$583M
2023
Net inflows of foreign direct investment
$225M
2024
$1.84B
2024
Net outflows of foreign direct investment
$4.5M
2024
$391M
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
9.68%
2024
Poverty at national poverty lines
41.8%
2014
27.4%
2012
Gross capital formation, % of GDP
30.1%
2024
1.44%
2024

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/lebanon | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.