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Economy of East Timor vs Lithuania compared: GDP & Debt

Updated on by Georank

East Timor has a GDP of $1.9B compared to $95.2B for Lithuania, ranking 181/197 and 79/197 by economy size, respectively.

East Timor has $273M in government debt (14.3% of GDP), compared to $37.9B (39.8% of GDP) in Lithuania.

East Timor vs Lithuania GDP by year

East Timor
Lithuania
1x
Year GDP, current $
East Timor Lithuania
2025 $1,902,180,258 $95,210,150,818
2024 $1,865,608,515 $85,503,938,574
2023 $2,079,767,200 $80,356,613,555
2022 $3,208,599,900 $70,639,687,326
2021 $3,625,024,300 $67,072,165,721
2020 $2,162,619,200 $57,412,038,533
2019 $2,032,550,400 $55,122,066,226
2018 $1,555,988,600 $54,261,795,149
2017 $1,584,878,400 $47,756,764,508
2016 $1,640,464,600 $42,970,749,245
2015 $1,590,282,400 $41,540,954,817
2014 $1,447,535,200 $48,306,546,657
2013 $1,395,727,400 $46,303,660,422
2012 $1,160,555,000 $42,709,372,067
2011 $1,042,534,600 $43,186,501,863
2010 $881,909,300 $36,638,128,534
2009 $726,937,800 $37,494,380,039
2008 $648,523,600 $47,831,254,208
2007 $542,795,400 $39,729,151,615
2006 $453,792,400 $30,116,192,747
2005 $462,268,000 $26,105,207,115
2004 $440,772,000 $22,743,164,431
2003 $490,439,100 $18,809,197,970
2002 $469,455,500 $14,282,292,665
2001 $477,359,300 $12,260,761,329
2000 $366,924,300 $11,550,695,727
1999 $225,357,600 $11,022,095,814
1998 $325,729,800 $11,289,161,847
1997 $319,972,700 $10,168,271,903
1996 $306,956,900 $8,430,207,164
1995 $262,819,900 $7,921,210,340
1994 $239,040,500 -
1993 $216,914,400 -
1992 $187,891,500 -
1991 $147,713,000 -
1990 $128,210,142 -

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

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

GDP per capita in East Timor vs Lithuania by year

East Timor
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,341 - $32,959 -
2024 $1,332 $4,423 $29,604 $55,286
2023 $1,502 $4,807 $27,983 $52,348
2022 $2,343 $5,730 $24,947 $50,936
2021 $2,685 $6,825 $23,883 $45,874
2020 $1,631 $6,132 $20,429 $41,263
2019 $1,562 $4,557 $19,609 $40,564
2018 $1,219 $3,561 $19,247 $36,492
2017 $1,266 $3,463 $16,800 $31,305
2016 $1,336 $3,391 $14,934 $28,699
2015 $1,320 $3,108 $14,270 $26,949
2014 $1,225 $2,860 $16,446 $26,275
2013 $1,205 $2,566 $15,637 $24,890
2012 $1,023 $2,386 $14,288 $23,275
2011 $939 $2,066 $14,262 $21,558
2010 $813 $1,955 $11,829 $18,719
2009 $687 $1,810 $11,854 $17,055
2008 $628 $1,675 $14,956 $19,410
2007 $540 $1,516 $12,295 $17,969
2006 $465 $1,377 $9,210 $15,522
2005 $487 $1,435 $7,857 $13,951
2004 $474 $1,379 $6,735 $12,605
2003 $535 $1,355 $5,507 $11,660
2002 $534 $1,417 $4,148 $10,296
2001 $588 $1,619 $3,533 $9,399
2000 $492 $1,483 $3,301 $8,475
1999 $270 $819 $3,128 $7,918
1998 $346 $1,108 $3,181 $7,846
1997 $349 $1,149 $2,844 $7,167
1996 $344 $1,116 $2,341 $6,479
1995 $303 $1,043 $2,183 $6,023
1994 $283.1 $985 - $5,667
1993 $264.1 $925 - $6,107
1992 $235.1 $843 - $7,087
1991 $189.8 $766 - $8,790
1990 $168.6 $685 - $9,030

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

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

East Timor's GDP per capita is $1,341, ranking 168/197, compared to $32,959 in Lithuania, ranking 39/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while Lithuania ranks 39th at $55,286.

Economic indicators

East Timor Lithuania
Gross domestic product
$1.9B
2025
$95.2B
2025
GDP rank
181/197
2025
79/197
2025
GDP growth
6.98%
2024-2025
2.92%
2024-2025
GDP per capita
$1,341
2025
$32,959
2025
GDP per capita rank
168/197
2025
39/197
2025
GDP per capita, PPP
$4,423
2024
$55,286
2024
GDP per capita PPP rank
163/197
2024
39/197
2024
Government debt
$273M
2025
$37.9B
2025
Debt-to-GDP ratio
14.3%
2025
39.8%
2025
Government debt per person
$192.3
2025
$13,127
2025
Government debt per person rank
182/185
2025
49/185
2025
Average annual personal income after taxes
$1,644
2026
$20,453
2026
Income share by richest 10%
24%
2014
27.3%
2023
Income share by poorest 10%
4%
2014
2.2%
2023
Government expenditure, % of GDP
93.9%
2025
41.2%
2025
Consumer prices inflation
0.5%
2024-2025
3.79%
2024-2025
Unemployment rate
1.54%
2022
6.9%
2025
Population
1446322
2845693

Spending and national debt comparison by year

East Timor
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
East Timor Lithuania
Government spending Government debt Government spending Government debt
2025 93.9% 14.3% 41.2% 39.8%
2024 98% 14.4% 39.4% 38%
2023 78.6% 12.4% 37.2% 37.1%
2022 59.9% 7.9% 36.6% 38.3%
2021 45.7% 6.53% 37.3% 43.3%
2020 61.7% 10.1% 42.4% 45.9%
2019 68.8% 9.51% 34.6% 35.6%
2018 85.5% 9.31% 33.8% 33.3%
2017 87.3% 6.71% 33.4% 39.1%
2016 112.2% 4.71% 34.5% 39.8%
2015 98.1% 2.95% 35.2% 42.4%
2014 111% 1.52% 35% 40.7%
2013 96.1% 0.46% 35.7% 38.9%
2012 129.3% 0.002% 36.6% 39.9%
2011 133.3% 0% 40.1% 37.5%
2010 121.3% 0% 43% 36.7%
2009 121.8% 0% 44.8% 27.9%
2008 122.4% 0% 38.2% 14.6%
2007 75.8% 0% 35.3% 15.9%
2006 59.8% 0% 34.4% 17.3%
2005 58.3% 0% 34.1% 17.6%
2004 74.2% 0% 33.9% 18.6%
2003 80.1% 0% 32.8% 20.4%
2002 93.5% 0% 34.4% 22.1%
2001 95.7% 0% 36.5% 22.9%
2000 - - 38.7% 23.5%
1999 - - 42.4% 28%
1998 - - 39.6% 21.7%
1997 - - 35.1% -
1996 - - 34.4% -
1995 - - 35.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, East Timor's government spending was $1.79B, accounting for 93.9% of its GDP, while Lithuania spent $39.2B, or 41.2% of GDP.

Debt-to-GDP ratio is 14.3% in East Timor and 39.8% in Lithuania, ranking 178/185 and 135/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

Lithuania
1x
Year Deficit/surplus, % of GDP
East Timor Lithuania
2025 -48% -2.18%
2024 -47% -1.28%
2023 -34.7% -0.66%
2022 -29.5% -0.72%
2021 -20.1% -1.15%
2020 -18.9% -6.42%
2019 -25.4% 0.41%
2018 -26.9% 0.52%
2017 -33.8% 0.36%
2016 -55.7% 0.03%
2015 -33.2% -0.77%
2014 -37.5% -1.79%
2013 -14.4% -2.69%
2012 -38.7% -3.15%
2011 -25.4% -5.92%
2010 -19.8% -6.95%
2009 -17.2% -9.09%
2008 -18.6% -3.09%
2007 -29.9% -0.82%
2006 41% -0.27%
2005 -10.5% -0.34%
2004 -7.48% -1.39%
2003 -8.24% -1.26%
2002 -7.64% -1.85%
2001 3.24% -3.52%
2000 - -3.18%
1999 - -7.82%
1998 - -4.93%
1997 - -0.76%
1996 - -3.58%
1995 - -3.31%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/east-timor/lithuania | 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 Lithuania's deficit of $2.08B, or 2.18% of GDP.

Over the past 25 years, East Timor recorded a fiscal deficit in 23 of those years, while Lithuania ran a deficit in 21 years. On average, East Timor posted an annual deficit equal to 22.6% of GDP, compared to deficit of 2.16% of GDP for Lithuania.

Inflation comparison by year

Inflation
East Timor

Lithuania
1x
Year Consumer prices inflation
East Timor Lithuania
2025 0.5% 3.79%
2024 2.1% 0.72%
2023 8.4% 9.12%
2022 7% 19.7%
2021 3.8% 4.68%
2020 0.5% 1.2%
2019 0.9% 2.33%
2018 2.3% 2.7%
2017 0.5% 3.72%
2016 -1.5% 0.91%
2015 0.6% -0.88%
2014 0.8% 0.1%
2013 9.5% 1.05%
2012 10.9% 3.09%
2011 13.2% 4.13%
2010 5.2% 1.32%
2009 -0.2% 4.45%
2008 7.4% 10.9%
2007 8.6% 5.74%
2006 5.2% 3.74%
2005 1.6% 2.66%
2004 2.2% 1.16%
2003 8% -1.13%
2002 4.1% 0.28%
2001 3.6% 1.37%
2000 - 0.98%
1999 - 0.73%
1998 - 5.07%
1997 - 8.88%

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/lithuania | CC BY

Over the past 25 years, East Timor has recorded an average annual inflation rate of 4.21%, compared with 3.47% in Lithuania. In 2025, inflation was 0.5% in East Timor and 3.79% in Lithuania.

Top exports between countries

East Timor
Export category Export value
Lithuania
Export category Export value
Machinery & equipment $100K
Textiles & consumer goods $10K
Metals $3K
Raw materials & minerals $2K
Chemicals & pharma $1K

Balance of trade

East Timor Lithuania
Current account balance
-$701M
2025
$900M
2025
Current account balance ranking
109/190
2025
51/190
2025
Current account balance, % of GDP
-36.9%
2025
+0.94%
2025
Goods imports
$842M
2025
$48.3B
2025
Goods exports
$126M
2025
$40.7B
2025
Service imports
$475M
2025
$17.5B
2025
Service exports
$147M
2025
$28.8B
2025
Imports of goods and services, % of GDP
84.9%
2024
69.1%
2025
Exports of goods and services, % of GDP
10.6%
2024
73%
2025

Economic freedom indices

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

East Timor Lithuania
Economic freedom 47.9 75.3
Economic freedom ranking 173/197 18/197
Property rights 43.5 91.8
Government integrity 43.9 71.4
Judicial effectiveness 34.5 73.2
Tax burden 97.1 76.2
Government spending 0 57.3
Fiscal health 19.6 95.8
Business freedom 62.7 84.2
Labor freedom 56.5 58.1
Monetary freedom 72.2 76.7
Trade freedom 79.8 79.4
Investment freedom 45 70
Financial freedom 20 70

Economic freedom comparison by year

East Timor
Lithuania
1x
Year Economic freedom index
East Timor Lithuania
2026 47.9 75.3
2025 47.9 74.6
2024 50.2 72.9
2023 47.2 72.2
2022 46.3 75.8
2021 44.7 76.9
2020 45.9 76.7
2019 44.2 74.2
2018 48.1 75.3
2017 46.3 75.8
2016 45.8 75.2
2015 45.5 74.7
2014 43.2 73
2013 43.7 72.1
2012 43.3 71.5
2011 42.8 71.3
2010 45.8 70.3
2009 50.5 70
2008 - 70.9
2007 - 71.5
2006 - 71.8
2005 - 70.5
2004 - 72.4
2003 - 69.7
2002 - 66.1
2001 - 65.5
2000 - 61.9
1999 - 61.5
1998 - 59.4
1997 - 57.3
1996 - 49.7

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

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

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, compared to 75.3 for Lithuania, ranking 18/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

East Timor Lithuania
Services, % of GDP
71.6%
2024
64.8%
2025
Industry, % of GDP
11.8%
2024
22.1%
2025
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
2.27%
2025
GNI, Atlas method
$2.14B
2025
$88.1B
2025
GNI per capita, PPP
$5,120
2025
$55,010
2025
Total reserves including gold
$851M
2025
$7.06B
2025
Total reserves ranking
145/177
2025
90/177
2025
Net foreign direct investment
-$253M
2025
-$2.96B
2025
Net inflows of foreign direct investment
$225M
2024
$4.7B
2024
Net outflows of foreign direct investment
$4.5M
2024
$795M
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
n/a
Poverty at national poverty lines
41.8%
2014
20.9%
2021
Gross capital formation, % of GDP
30.1%
2024
22.2%
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/lithuania | 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 (1995–2025, 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. TradeMap (2023–2025, 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.