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Economy of East Timor vs Russia compared: GDP & Debt

Updated on by Georank team

East Timor has a GDP of $1.87B compared to $2.17T for Russia, ranking 181/197 and 11/197 by economy size, respectively.

East Timor has $249M in government debt (13.3% of GDP), compared to $440B (20.3% of GDP) in Russia.

East Timor vs Russia GDP by year

East Timor
Russia
1x
Year GDP, current $
East Timor Russia
2024 $1,865,608,515 $2,173,835,806,672
2023 $2,079,767,170 $2,071,505,725,031
2022 $3,208,599,889 $2,291,612,121,335
2021 $3,625,024,341 $1,829,186,719,575
2020 $2,162,619,241 $1,493,075,894,362
2019 $2,032,550,389 $1,693,115,002,708
2018 $1,555,988,614 $1,657,328,773,461
2017 $1,584,878,440 $1,574,199,360,089
2016 $1,640,464,612 $1,276,786,350,881
2015 $1,590,282,371 $1,363,482,182,198
2014 $1,447,535,183 $2,059,241,589,895
2013 $1,395,727,421 $2,292,470,078,346
2012 $1,160,555,040 $2,208,293,553,878
2011 $1,042,534,598 $2,045,922,753,398
2010 $881,909,347 $1,524,916,715,224
2009 $726,937,836 $1,222,645,900,056
2008 $648,523,571 $1,660,848,058,303
2007 $542,795,447 $1,299,703,478,482
2006 $453,792,415 $989,932,071,353
2005 $462,267,954 $764,015,973,481
2004 $440,771,962 $591,016,690,732
2003 $490,439,116 $430,347,420,185
2002 $469,455,491 $345,470,494,418
2001 $477,359,253 $306,602,070,621
2000 $366,924,277 $259,710,142,197
1999 $225,357,600 $195,907,128,351
1998 $325,729,800 $270,955,486,862
1997 $319,972,700 $404,928,954,192
1996 $306,956,900 $391,724,890,744
1995 $262,819,900 $395,537,185,735
1994 $239,040,500 $395,077,301,248
1993 $216,914,400 $435,083,713,851
1992 $187,891,500 $460,290,556,901
1991 $147,713,000 $517,962,962,963
1990 $128,210,142 $517,014,446,228
1989 - $506,631,299,735
1988 - $554,828,660,436

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

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

GDP per capita in East Timor vs Russia by year

East Timor
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,332 $4,423 $15,145 $47,405
2023 $1,502 $4,807 $14,403 $44,269
2022 $2,343 $5,730 $15,888 $40,939
2021 $2,685 $6,825 $12,637 $38,638
2020 $1,631 $6,132 $10,280 $31,491
2019 $1,562 $4,557 $11,640 $30,964
2018 $1,219 $3,561 $11,399 $28,629
2017 $1,266 $3,463 $10,835 $25,778
2016 $1,336 $3,391 $8,804 $24,012
2015 $1,320 $3,108 $9,427 $23,994
2014 $1,225 $2,860 $14,277 $25,688
2013 $1,205 $2,566 $15,941 $26,020
2012 $1,023 $2,386 $15,402 $24,274
2011 $939 $2,066 $14,305 $22,790
2010 $813 $1,955 $10,675 $20,490
2009 $687 $1,810 $8,563 $19,390
2008 $628 $1,675 $11,635 $20,164
2007 $540 $1,516 $9,101 $16,648
2006 $465 $1,377 $6,920 $14,912
2005 $487 $1,435 $5,323 $11,822
2004 $474 $1,379 $4,102 $10,227
2003 $535 $1,355 $2,975 $9,255
2002 $534 $1,417 $2,378 $8,037
2001 $588 $1,619 $2,100 $7,361
2000 $492 $1,483 $1,772 $6,825
1999 $270 $819 $1,331 $5,914
1998 $346 $1,108 $1,835 $5,465
1997 $349 $1,149 $2,738 $5,700
1996 $344 $1,116 $2,644 $5,518
1995 $303 $1,043 $2,666 $5,613
1994 $283.1 $985 $2,662 $5,734
1993 $264.1 $925 $2,931 $6,420
1992 $235.1 $843 $3,099 $6,862
1991 $189.8 $766 $3,490 $7,858
1990 $168.6 $685 $3,494 $8,028
1989 - - $3,430 -
1988 - - $3,778 -

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

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

East Timor's GDP per capita is $1,332, ranking 167/197, compared to $15,145 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while Russia ranks 50th at $47,405.

Economic indicators

East Timor Russia
Gross domestic product
$1.87B
2024
$2.17T
2024
GDP rank
181/197
2024
11/197
2024
GDP growth
-9.1%
2023-2024
4.34%
2023-2024
GDP per capita
$1,332
2024
$15,145
2024
GDP per capita rank
167/197
2024
68/197
2024
GDP per capita, PPP
$4,423
2024
$47,405
2024
GDP per capita PPP rank
163/197
2024
50/197
2024
Government debt
$249M
2024
$440B
2024
Debt-to-GDP ratio
13.3%
2024
20.3%
2024
Government debt per person
$177.5
2024
$3,067
2024
Government debt per person rank
182/185
2024
98/185
2024
Average annual personal income after taxes
$1,440
2026
$10,464
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
426,000
2025
Number of billionaires n/a
140
2025
Income share by richest 10%
24%
2014
25.1%
2023
Income share by poorest 10%
4%
2014
3.1%
2023
Government expenditure, % of GDP
90.8%
2024
36.9%
2024
Consumer prices inflation
2.1%
2023-2024
8.4%
2023-2024
Central bank interest rate n/a
16%
2025
Unemployment rate
1.54%
2022
2.43%
2024
Population
1441764
141906741

Spending and national debt comparison by year

East Timor
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
East Timor Russia
Government spending Government debt Government spending Government debt
2024 90.8% 13.3% 36.9% 20.3%
2023 78.6% 12.4% 35.7% 19.5%
2022 59.9% 7.9% 35.2% 18.5%
2021 45.7% 6.53% 34.9% 16.5%
2020 61.7% 10.1% 39.2% 19.2%
2019 68.8% 9.51% 33.8% 13.7%
2018 85.5% 9.31% 32.6% 13.6%
2017 87.3% 6.71% 34.8% 14.3%
2016 112.2% 4.71% 36.6% 14.8%
2015 98.1% 2.95% 35.3% 15.3%
2014 111% 1.52% 34.9% 15.1%
2013 96.1% 0.46% 34.7% 12.3%
2012 129.3% 0.002% 34% 11.2%
2011 133.3% 0% 33.3% 10.3%
2010 121.3% 0% 35.5% 10.1%
2009 121.8% 0% 38.6% 9.92%
2008 122.4% 0% 32% 7.45%
2007 75.8% 0% 31.9% 8.03%
2006 59.8% 0% 29% 9.8%
2005 58.3% 0% 29.5% 14.9%
2004 74.2% 0% 29.6% 20.8%
2003 80.1% 0% 32.6% 28.3%
2002 93.5% 0% 33.8% 37.6%
2001 95.7% 0% 31.5% 44.4%
2000 - - 30.7% 55.9%
1999 - - 34.3% 92.4%
1998 - - 39.7% 135.2%
1997 - - - 51.5%
1996 - - - 51.9%
1995 - - - 53.7%
1994 - - - 63.5%
1993 - - - 92.4%
1992 - - - 116%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-02-20).

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

In 2024, East Timor's government spending was $1.69B, accounting for 90.8% of its GDP, while Russia spent $802B, or 36.9% of GDP.

Debt-to-GDP ratio is 13.3% in East Timor and 20.3% in Russia, ranking 178/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

Russia
1x
Year Deficit/surplus, % of GDP
East Timor Russia
2024 -43.5% -1.6%
2023 -34.7% -2.22%
2022 -29.5% -1.34%
2021 -20.1% 0.78%
2020 -18.9% -3.99%
2019 -25.4% 1.93%
2018 -26.9% 2.92%
2017 -33.8% -1.47%
2016 -55.7% -3.67%
2015 -33.2% -3.39%
2014 -37.5% -1.07%
2013 -14.4% -1.16%
2012 -38.7% 0.38%
2011 -25.4% 1.43%
2010 -19.8% -3.19%
2009 -17.2% -5.89%
2008 -18.6% 4.55%
2007 -29.9% 5.59%
2006 41% 7.8%
2005 -10.5% 7.6%
2004 -7.48% 4.57%
2003 -8.24% 1.35%
2002 -7.64% 0.67%
2001 3.24% 2.99%
2000 - 3.11%
1999 - -3.59%
1998 - -7.42%
1997 - -
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-02-20).

GeoRank.org/economy/east-timor/russia | 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 Russia's deficit of $34.9B, or 1.6% of GDP.

Over the past 24 years, East Timor recorded a fiscal deficit in 22 of those years, while Russia ran a deficit in 11 years. On average, East Timor posted an annual deficit equal to 21.4% of GDP, compared to surplus of 0.57% of GDP for Russia.

Inflation comparison by year

Inflation
East Timor

Russia
1x
Year Consumer prices inflation
East Timor Russia
2024 2.1% 8.4%
2023 8.4% 5.9%
2022 7% 13.7%
2021 3.8% 6.7%
2020 0.5% 3.4%
2019 0.9% 4.5%
2018 2.3% 2.9%
2017 0.5% 3.7%
2016 -1.5% 7%
2015 0.6% 15.5%
2014 0.8% 7.8%
2013 9.5% 6.8%
2012 10.9% 5.1%
2011 13.2% 8.4%
2010 5.2% 6.8%
2009 -0.2% 11.6%
2008 7.4% 14.1%
2007 8.6% 9%
2006 5.2% 9.7%
2005 1.6% 12.7%
2004 2.2% 10.9%
2003 8% 13.7%
2002 4.1% 15.8%
2001 3.6% 21.5%
2000 - 20.8%
1999 - 85.7%
1998 - 27.7%
1997 - 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 24 years, East Timor has recorded an average annual inflation rate of 4.36%, compared with 9.4% in Russia. In 2024, inflation was 2.1% in East Timor and 8.4% in Russia.

Top exports between countries

East Timor
Export category Export value
Russia
Export category Export value
Transport & tourism services $9K
IT & IP services $4K

Balance of trade

East Timor Russia
Current account balance
-$587M
2024
$63.4B
2024
Current account balance ranking
108/190
2024
12/190
2024
Current account balance, % of GDP
-31.5%
2024
+2.91%
2024
Goods imports
$839M
2024
$302B
2024
Goods exports
$196M
2024
$434B
2024
Service imports
$432M
2024
$81.5B
2024
Service exports
$82.1M
2024
$43.1B
2024
Imports of goods and services, % of GDP
84.9%
2024
17.6%
2024
Exports of goods and services, % of GDP
10.6%
2024
21.9%
2024

Economic freedom indices

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

East Timor Russia
Economic freedom 47.9 50.3
Economic freedom ranking 173/197 161/197
Property rights 43.5 18.6
Government integrity 43.9 22.8
Judicial effectiveness 34.5 22.8
Tax burden 97.1 81.9
Government spending 0 61.3
Fiscal health 19.6 94.4
Business freedom 62.7 51.4
Labor freedom 56.5 59.1
Monetary freedom 72.2 61.8
Trade freedom 79.8 69.4
Investment freedom 45 30
Financial freedom 20 30

Economic freedom comparison by year

East Timor
Russia
1x
Year Economic freedom index
East Timor Russia
2026 47.9 50.3
2025 47.9 51.6
2024 50.2 52
2023 47.2 53.8
2022 46.3 56.1
2021 44.7 61.5
2020 45.9 61
2019 44.2 58.9
2018 48.1 58.2
2017 46.3 57.1
2016 45.8 50.6
2015 45.5 52.1
2014 43.2 51.9
2013 43.7 51.1
2012 43.3 50.5
2011 42.8 50.5
2010 45.8 50.3
2009 50.5 50.8
2008 - 49.8
2007 - 52.2
2006 - 52.4
2005 - 51.3
2004 - 52.8
2003 - 50.8
2002 - 48.7
2001 - 49.8
2000 - 51.8
1999 - 54.5
1998 - 52.8
1997 - 48.6
1996 - 51.6
1995 - 51.1

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

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

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

East Timor Russia
Services, % of GDP
71.6%
2024
57.5%
2024
Industry, % of GDP
11.8%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
2.74%
2024
GNI, Atlas method
$2.31B
2024
$2.24T
2024
GNI per capita, PPP
$5,040
2024
$46,780
2024
Total reserves including gold
$737M
2024
$597B
2023
Total reserves ranking
147/177
2024
6/177
2023
Net foreign direct investment
-$211M
2024
$9.37B
2024
Net inflows of foreign direct investment
$216M
2024
-$9.35B
2024
Net outflows of foreign direct investment
$4.5M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
2.65%
2024
Poverty at national poverty lines
41.8%
2014
12.1%
2020
Gross capital formation, % of GDP
30.1%
2024
26.3%
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/russia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, 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. TradeMap (2019–2021, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.