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Economy of East Timor vs Moldova compared: GDP & Debt

Updated on by Georank

East Timor has a GDP of $1.9B compared to $20.4B for Moldova, ranking 181/197 and 133/197 by economy size, respectively.

East Timor has $273M in government debt (14.3% of GDP), compared to $7.45B (36.6% of GDP) in Moldova.

East Timor vs Moldova GDP by year

East Timor
Moldova
1x
Year GDP, current $
East Timor Moldova
2025 $1,902,180,258 $20,351,796,275
2024 $1,865,608,515 $18,206,842,141
2023 $2,079,767,200 $16,711,906,746
2022 $3,208,599,900 $14,525,337,524
2021 $3,625,024,300 $13,691,869,264
2020 $2,162,619,200 $11,530,746,234
2019 $2,032,550,400 $11,736,797,055
2018 $1,555,988,600 $11,252,353,421
2017 $1,584,878,400 $9,514,404,016
2016 $1,640,464,600 $7,980,917,076
2015 $1,590,282,400 $7,797,667,197
2014 $1,447,535,200 $9,402,090,138
2013 $1,395,727,400 $9,496,717,876
2012 $1,160,555,000 $8,709,138,635
2011 $1,042,534,600 $8,414,352,020
2010 $881,909,300 $6,974,982,370
2009 $726,937,800 $5,439,434,272
2008 $648,523,600 $6,054,824,248
2007 $542,795,400 $4,401,173,152
2006 $453,792,400 $3,408,255,451
2005 $462,268,000 $2,988,342,907
2004 $440,772,000 $2,598,249,556
2003 $490,439,100 $1,980,907,435
2002 $469,455,500 $1,661,818,168
2001 $477,359,300 $1,480,673,594
2000 $366,924,300 $1,288,429,392
1999 $225,357,600 $1,170,782,957
1998 $325,729,800 $1,698,717,505
1997 $319,972,700 $1,930,081,169
1996 $306,956,900 $1,695,122,174
1995 $262,819,900 $1,752,999,370
1994 $239,040,500 $1,702,314,268
1993 $216,914,400 $2,371,813,324
1992 $187,891,500 $2,319,243,436
1991 $147,713,000 $3,094,565,871
1990 $128,210,142 $3,592,857,043

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

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

GDP per capita in East Timor vs Moldova by year

East Timor
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,341 - $8,622 -
2024 $1,332 $4,423 $7,579 $18,615
2023 $1,502 $4,807 $6,800 $17,747
2022 $2,343 $5,730 $5,744 $16,453
2021 $2,685 $6,825 $5,275 $15,682
2020 $1,631 $6,132 $4,376 $13,527
2019 $1,562 $4,557 $4,405 $13,413
2018 $1,219 $3,561 $4,156 $11,868
2017 $1,266 $3,463 $3,453 $11,252
2016 $1,336 $3,391 $2,847 $10,326
2015 $1,320 $3,108 $2,750 $9,198
2014 $1,225 $2,860 $3,290 $8,643
2013 $1,205 $2,566 $3,321 $8,233
2012 $1,023 $2,386 $3,045 $7,255
2011 $939 $2,066 $2,941 $6,833
2010 $813 $1,955 $2,437 $6,323
2009 $687 $1,810 $1,898 $5,827
2008 $628 $1,675 $2,111 $6,153
2007 $540 $1,516 $1,531 $5,590
2006 $465 $1,377 $1,183 $5,271
2005 $487 $1,435 $1,034 $4,866
2004 $474 $1,379 $897 $4,378
2003 $535 $1,355 $682 $3,960
2002 $534 $1,417 $571 $3,633
2001 $588 $1,619 $507 $3,311
2000 $492 $1,483 $441 $3,045
1999 $270 $819 $399 $2,910
1998 $346 $1,108 $579 $2,965
1997 $349 $1,149 $657 $3,136
1996 $344 $1,116 $575 $3,021
1995 $303 $1,043 $594 $3,146
1994 $283.1 $985 $574 $3,111
1993 $264.1 $925 $797 $4,394
1992 $235.1 $843 $778 $4,337
1991 $189.8 $766 $1,038 $5,980
1990 $168.6 $685 $1,207 $6,895

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

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

East Timor's GDP per capita is $1,341, ranking 168/197, compared to $8,622 in Moldova, ranking 93/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while Moldova ranks 100th at $18,615.

Economic indicators

East Timor Moldova
Gross domestic product
$1.9B
2025
$20.4B
2025
GDP rank
181/197
2025
133/197
2025
GDP growth
6.98%
2024-2025
2.42%
2024-2025
GDP per capita
$1,341
2025
$8,622
2025
GDP per capita rank
168/197
2025
93/197
2025
GDP per capita, PPP
$4,423
2024
$18,615
2024
GDP per capita PPP rank
163/197
2024
100/197
2024
Government debt
$273M
2025
$7.45B
2025
Debt-to-GDP ratio
14.3%
2025
36.6%
2025
Government debt per person
$192.3
2025
$3,158
2025
Government debt per person rank
182/185
2025
103/185
2025
Average annual personal income after taxes
$1,644
2026
$4,301
2026
Income share by richest 10%
24%
2014
22.8%
2023
Income share by poorest 10%
4%
2014
4.3%
2023
Government expenditure, % of GDP
93.9%
2025
39.4%
2025
Consumer prices inflation
0.5%
2024-2025
7.76%
2024-2025
Central bank interest rate n/a
6.5%
2026
Unemployment rate
1.54%
2022
1.28%
2025
Population
1446322
2328600

Spending and national debt comparison by year

East Timor
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
East Timor Moldova
Government spending Government debt Government spending Government debt
2025 93.9% 14.3% 39.4% 36.6%
2024 98% 14.4% 38% 38.8%
2023 78.6% 12.4% 38.8% 34.9%
2022 59.9% 7.9% 36.6% 35%
2021 45.7% 6.53% 34.6% 33.6%
2020 61.7% 10.1% 36.7% 36.6%
2019 68.8% 9.51% 32% 28.8%
2018 85.5% 9.31% 31.5% 31.8%
2017 87.3% 6.71% 31% 34.9%
2016 112.2% 4.71% 30.5% 39.7%
2015 98.1% 2.95% 31.7% 42.1%
2014 111% 1.52% 33.8% 35.4%
2013 96.1% 0.46% 32.4% 30%
2012 129.3% 0.002% 33.7% 31.3%
2011 133.3% 0% 32.6% 24.2%
2010 121.3% 0% 34.1% 25.5%
2009 121.8% 0% 45.3% 32.6%
2008 122.4% 0% 41.5% 22.2%
2007 75.8% 0% 42.7% 28.3%
2006 59.8% 0% 40.3% 35%
2005 58.3% 0% 37.1% 40.4%
2004 74.2% 0% 34.8% 49.3%
2003 80.1% 0% 33.5% 68.1%
2002 93.5% 0% 30.7% 80.3%
2001 95.7% 0% 29.5% 85.4%
2000 - - 34% 89.1%
1999 - - 33% 150.7%
1998 - - 39.1% 159.4%
1997 - - 46% 89%
1996 - - 43.3% 87.5%
1995 - - 42% 79.5%

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

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

In 2025, East Timor's government spending was $1.79B, accounting for 93.9% of its GDP, while Moldova spent $8.02B, or 39.4% of GDP.

Debt-to-GDP ratio is 14.3% in East Timor and 36.6% in Moldova, ranking 178/185 and 140/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

Moldova
1x
Year Deficit/surplus, % of GDP
East Timor Moldova
2025 -48% -3.87%
2024 -47% -4.02%
2023 -34.7% -5.13%
2022 -29.5% -3.24%
2021 -20.1% -2.62%
2020 -18.9% -5.32%
2019 -25.4% -1.47%
2018 -26.9% -0.85%
2017 -33.8% -0.65%
2016 -55.7% -1.56%
2015 -33.2% -1.93%
2014 -37.5% -1.6%
2013 -14.4% -1.57%
2012 -38.7% -1.93%
2011 -25.4% -2.05%
2010 -19.8% -2.18%
2009 -17.2% -6.38%
2008 -18.6% -0.87%
2007 -29.9% 0.15%
2006 41% -0.42%
2005 -10.5% 1.44%
2004 -7.48% 0.59%
2003 -8.24% 0.47%
2002 -7.64% -1.18%
2001 3.24% -0.34%
2000 - -3.55%
1999 - -2.64%
1998 - -1.52%
1997 - -7.47%
1996 - -7.42%
1995 - -2.58%

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

GeoRank.org/economy/east-timor/moldova | 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 Moldova's deficit of $788M, or 3.87% of GDP.

Over the past 25 years, East Timor recorded a fiscal deficit in 23 of those years, while Moldova ran a deficit in 21 years. On average, East Timor posted an annual deficit equal to 22.6% of GDP, compared to deficit of 1.86% of GDP for Moldova.

Inflation comparison by year

Inflation
East Timor

Moldova
1x
Year Consumer prices inflation
East Timor Moldova
2025 0.5% 7.76%
2024 2.1% 4.68%
2023 8.4% 13.4%
2022 7% 28.7%
2021 3.8% 5.11%
2020 0.5% 3.77%
2019 0.9% 4.84%
2018 2.3% 3.05%
2017 0.5% 6.57%
2016 -1.5% 6.36%
2015 0.6% 9.68%
2014 0.8% 5.09%
2013 9.5% 4.6%
2012 10.9% 4.55%
2011 13.2% 7.69%
2010 5.2% 7.48%
2009 -0.2% -0.06%
2008 7.4% 12.8%
2007 8.6% 12.4%
2006 5.2% 12.8%
2005 1.6% 12%
2004 2.2% 12.5%
2003 8% 11.7%
2002 4.1% 5.3%
2001 3.6% 9.76%
2000 - 31.3%
1999 - 39.3%
1998 - 7.7%
1997 - 11.8%

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/moldova | CC BY

Over the past 25 years, East Timor has recorded an average annual inflation rate of 4.21%, compared with 8.5% in Moldova. In 2025, inflation was 0.5% in East Timor and 7.76% in Moldova.

Balance of trade

East Timor Moldova
Current account balance
-$701M
2025
-$4B
2025
Current account balance ranking
109/190
2025
158/190
2025
Current account balance, % of GDP
-36.9%
2025
-19.6%
2025
Goods imports
$842M
2025
$10.1B
2025
Goods exports
$126M
2025
$3.23B
2025
Service imports
$475M
2025
$2.17B
2025
Service exports
$147M
2025
$3.22B
2025
Imports of goods and services, % of GDP
84.9%
2024
60.9%
2025
Exports of goods and services, % of GDP
10.6%
2024
31.8%
2025

Economic freedom indices

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

East Timor Moldova
Economic freedom 47.9 58.1
Economic freedom ranking 173/197 112/197
Property rights 43.5 40.4
Government integrity 43.9 45.1
Judicial effectiveness 34.5 32.4
Tax burden 97.1 87.9
Government spending 0 57.2
Fiscal health 19.6 70.3
Business freedom 62.7 68.3
Labor freedom 56.5 48.1
Monetary freedom 72.2 66
Trade freedom 79.8 76.8
Investment freedom 45 55
Financial freedom 20 50

Economic freedom comparison by year

East Timor
Moldova
1x
Year Economic freedom index
East Timor Moldova
2026 47.9 58.1
2025 47.9 58.3
2024 50.2 57.1
2023 47.2 58.5
2022 46.3 61.3
2021 44.7 62.5
2020 45.9 62
2019 44.2 59.1
2018 48.1 58.4
2017 46.3 58
2016 45.8 57.4
2015 45.5 57.5
2014 43.2 57.3
2013 43.7 55.5
2012 43.3 54.4
2011 42.8 55.7
2010 45.8 53.7
2009 50.5 54.9
2008 - 57.9
2007 - 58.7
2006 - 58
2005 - 57.4
2004 - 57.1
2003 - 60
2002 - 57.4
2001 - 54.9
2000 - 59.6
1999 - 56.1
1998 - 53.5
1997 - 48.9
1996 - 52.5
1995 - 33

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

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

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

East Timor Moldova
Services, % of GDP
71.6%
2024
61.5%
2025
Industry, % of GDP
11.8%
2024
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
7.38%
2025
GNI, Atlas method
$2.14B
2025
$19B
2025
GNI per capita, PPP
$5,120
2025
$19,990
2025
Total reserves including gold
$851M
2025
$6.01B
2025
Total reserves ranking
145/177
2025
97/177
2025
Net foreign direct investment
-$253M
2025
-$360M
2025
Net inflows of foreign direct investment
$225M
2024
$458M
2024
Net outflows of foreign direct investment
$4.5M
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
6.22%
2024
Poverty at national poverty lines
41.8%
2014
31.6%
2023
Gross capital formation, % of GDP
30.1%
2024
24.2%
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/moldova | 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 (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. 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.