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Economy of East Timor vs South Africa compared: GDP & Debt

Updated on by Georank

East Timor has a GDP of $1.9B compared to $427B for South Africa, ranking 181/197 and 40/197 by economy size, respectively.

East Timor has $273M in government debt (14.3% of GDP), compared to $336B (78.6% of GDP) in South Africa.

East Timor vs South Africa GDP by year

East Timor
South Africa
1x
Year GDP, current $
East Timor South Africa
2025 $1,902,180,258 $427,184,325,997
2024 $1,865,608,515 $401,144,998,374
2023 $2,079,767,200 $381,440,724,491
2022 $3,208,599,900 $407,596,043,068
2021 $3,625,024,300 $419,986,284,375
2020 $2,162,619,200 $337,974,655,408
2019 $2,032,550,400 $389,330,032,224
2018 $1,555,988,600 $405,260,723,893
2017 $1,584,878,400 $381,448,814,653
2016 $1,640,464,600 $323,585,509,674
2015 $1,590,282,400 $346,709,790,459
2014 $1,447,535,200 $381,198,869,776
2013 $1,395,727,400 $400,886,013,596
2012 $1,160,555,000 $434,400,545,086
2011 $1,042,534,600 $458,199,494,831
2010 $881,909,300 $417,363,822,802
2009 $726,937,800 $329,754,060,647
2008 $648,523,600 $316,131,258,616
2007 $542,795,400 $333,077,117,254
2006 $453,792,400 $303,858,675,364
2005 $462,268,000 $288,867,217,197
2004 $440,772,000 $255,806,908,595
2003 $490,439,100 $197,018,965,309
2002 $469,455,500 $129,087,556,612
2001 $477,359,300 $135,429,905,923
2000 $366,924,300 $151,752,757,215
1999 $225,357,600 $151,516,957,079
1998 $325,729,800 $152,982,984,557
1997 $319,972,700 $168,978,057,328
1996 $306,956,900 $163,234,925,381
1995 $262,819,900 $171,735,933,897
1994 $239,040,500 $153,512,712,382
1993 $216,914,400 $147,194,747,566
1992 $187,891,500 $146,956,150,987
1991 $147,713,000 $135,203,698,238
1990 $128,210,142 $126,048,140,142
1989 - $108,055,624,082
1988 - $103,976,831,871
1987 - $96,535,763,418
1986 - $73,354,771,399
1985 - $64,459,376,087
1984 - $84,870,163,366
1983 - $96,204,110,942
1982 - $85,904,057,409
1981 - $93,141,472,164
1980 - $89,411,864,402
1979 - $63,038,658,089
1978 - $51,607,412,902
1977 - $45,328,411,332
1976 - $41,150,460,288
1975 - $42,906,905,672
1974 - $41,389,186,095
1973 - $33,262,772,008
1972 - $24,515,919,217
1971 - $23,411,076,638
1970 - $21,218,391,513
1969 - $19,256,992,297
1968 - $17,124,793,150
1967 - $15,821,393,671
1966 - $14,211,394,315
1965 - $13,068,994,772
1964 - $11,955,995,218
1963 - $10,854,195,658
1962 - $9,813,996,074
1961 - $9,225,996,310
1960 - $8,748,596,501

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/east-timor/south-africa | CC BY

GDP per capita in East Timor vs South Africa by year

East Timor
GDP per capita

GDP per capita, PPP
South Africa
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor South Africa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,341 - $6,598 -
2024 $1,332 $4,423 $6,267 $15,456
2023 $1,502 $4,807 $6,034 $15,200
2022 $2,343 $5,730 $6,534 $14,749
2021 $2,685 $6,825 $6,829 $13,682
2020 $1,631 $6,132 $5,581 $12,671
2019 $1,562 $4,557 $6,534 $13,361
2018 $1,219 $3,561 $6,914 $13,347
2017 $1,266 $3,463 $6,618 $13,738
2016 $1,336 $3,391 $5,651 $13,519
2015 $1,320 $3,108 $6,112 $13,398
2014 $1,225 $2,860 $6,857 $13,359
2013 $1,205 $2,566 $7,332 $13,369
2012 $1,023 $2,386 $8,077 $12,987
2011 $939 $2,066 $8,646 $13,143
2010 $813 $1,955 $7,973 $12,637
2009 $687 $1,810 $6,375 $12,261
2008 $628 $1,675 $6,185 $12,525
2007 $540 $1,516 $6,592 $12,047
2006 $465 $1,377 $6,077 $11,250
2005 $487 $1,435 $5,837 $10,441
2004 $474 $1,379 $5,221 $9,714
2003 $535 $1,355 $4,062 $9,139
2002 $534 $1,417 $2,688 $8,792
2001 $588 $1,619 $2,847 $8,428
2000 $492 $1,483 $3,218 $8,095
1999 $270 $819 $3,242 $7,667
1998 $346 $1,108 $3,310 $7,463
1997 $349 $1,149 $3,700 $7,433
1996 $344 $1,116 $3,618 $7,208
1995 $303 $1,043 $3,856 $6,875
1994 $283.1 $985 $3,489 $6,611
1993 $264.1 $925 $3,400 $6,375
1992 $235.1 $843 $3,462 $6,275
1991 $189.8 $766 $3,243 $6,383
1990 $168.6 $685 $3,093 $6,382
1989 - - $2,727 -
1988 - - $2,702 -
1987 - - $2,586 -
1986 - - $2,027 -
1985 - - $1,839 -
1984 - - $2,504 -
1983 - - $2,938 -
1982 - - $2,717 -
1981 - - $3,050 -
1980 - - $3,029 -
1979 - - $2,202 -
1978 - - $1,852 -
1977 - - $1,671 -
1976 - - $1,559 -
1975 - - $1,670 -
1974 - - $1,656 -
1973 - - $1,369 -
1972 - - $1,038 -
1971 - - $1,020 -
1970 - - $952 -
1969 - - $891 -
1968 - - $817 -
1967 - - $779 -
1966 - - $722 -
1965 - - $685 -
1964 - - $646 -
1963 - - $605 -
1962 - - $563 -
1961 - - $546 -
1960 - - $532 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/east-timor/south-africa | CC BY

East Timor's GDP per capita is $1,341, ranking 168/197, compared to $6,598 in South Africa, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while South Africa ranks 112th at $15,456.

Economic indicators

East Timor South Africa
Gross domestic product
$1.9B
2025
$427B
2025
GDP rank
181/197
2025
40/197
2025
GDP growth
6.98%
2024-2025
1.11%
2024-2025
GDP per capita
$1,341
2025
$6,598
2025
GDP per capita rank
168/197
2025
109/197
2025
GDP per capita, PPP
$4,423
2024
$15,456
2024
GDP per capita PPP rank
163/197
2024
112/197
2024
Government debt
$273M
2025
$336B
2025
Debt-to-GDP ratio
14.3%
2025
78.6%
2025
Government debt per person
$192.3
2025
$5,189
2025
Government debt per person rank
182/185
2025
84/185
2025
Average annual personal income after taxes
$1,644
2026
$4,738
2026
Market capitalization of domestic companies n/a
$1.4T
2025
Number of millionaires n/a
97,000
2026
Number of billionaires n/a
7
2026
Income share by richest 10%
24%
2014
42.1%
2022
Income share by poorest 10%
4%
2014
1.4%
2022
Government expenditure, % of GDP
93.9%
2025
34.2%
2025
Consumer prices inflation
0.5%
2024-2025
3.21%
2024-2025
Central bank interest rate n/a
7%
2026
Unemployment rate
1.54%
2022
32.3%
2024
Population
1446322
65829368

Spending and national debt comparison by year

East Timor
Spending

Debt
South Africa
Spending

Debt
1x
Year % of GDP
East Timor South Africa
Government spending Government debt Government spending Government debt
2025 93.9% 14.3% 34.2% 78.6%
2024 98% 14.4% 33% 76%
2023 78.6% 12.4% 32.5% 73.2%
2022 59.9% 7.9% 31.9% 70.7%
2021 45.7% 6.53% 32.7% 68.8%
2020 61.7% 10.1% 34.6% 68.9%
2019 68.8% 9.51% 31.4% 56.1%
2018 85.5% 9.31% 30.2% 51.5%
2017 87.3% 6.71% 29.9% 48.6%
2016 112.2% 4.71% 29.9% 47.1%
2015 98.1% 2.95% 30.2% 45.2%
2014 111% 1.52% 29.3% 43.3%
2013 96.1% 0.46% 28.9% 40.4%
2012 129.3% 0.002% 28.6% 37.4%
2011 133.3% 0% 28.1% 34.7%
2010 121.3% 0% 28.3% 31.2%
2009 121.8% 0% 28.5% 27%
2008 122.4% 0% 26% 24%
2007 75.8% 0% 24.4% 24.3%
2006 59.8% 0% 24.7% 28%
2005 58.3% 0% 25.1% 29.6%
2004 74.2% 0% 22.7% 30.7%
2003 80.1% 0% 22.6% 31.5%
2002 93.5% 0% 22.2% 31.8%
2001 95.7% 0% 22.6% 38%
2000 - - 22.6% 37.9%
1999 - - 26.7% 45.9%
1998 - - 27.1% 45.8%
1997 - - 27.9% 45.8%
1996 - - 28.5% 44.3%
1995 - - 27.2% 47%
1994 - - 31.3% 46.4%
1993 - - 29.1% 39.8%
1992 - - 29.8% 34.8%
1991 - - 27.8% 34.7%
1990 - - 28.7% 31.8%
1989 - - 29.6% 33.3%
1988 - - 23.9% 30.6%
1987 - - 28% 33.5%
1986 - - 27.8% 32.5%
1985 - - 26.8% 26.3%
1984 - - 25.2% 23.2%
1983 - - 25.1% 28.7%
1982 - - 23.8% 31.3%
1981 - - 23.3% 27.4%
1980 - - 21.8% 33.3%
1979 - - 26.5% 41.9%
1978 - - 26.8% 44.7%
1977 - - 27.3% 45.3%
1976 - - 23% 35%
1975 - - 21.2% 32.8%
1974 - - 19.1% 33.7%
1973 - - 21% 38.2%
1972 - - 22.9% 41.1%
1971 - - 19.9% 41.1%
1970 - - 20% 43.3%
1969 - - 18.8% 44.4%
1968 - - 19.4% 42.7%
1967 - - 18.8% 41.1%
1966 - - 18.3% 41.4%
1965 - - 18.2% 42.7%
1964 - - 11.3% 30%
1963 - - 15.9% 43.4%
1962 - - 15.9% 45.7%
1961 - - 15.7% 52.8%
1960 - - 16.7% 52.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/east-timor/south-africa | CC BY

In 2025, East Timor's government spending was $1.79B, accounting for 93.9% of its GDP, while South Africa spent $146B, or 34.2% of GDP.

Debt-to-GDP ratio is 14.3% in East Timor and 78.6% in South Africa, ranking 178/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

South Africa
1x
Year Deficit/surplus, % of GDP
East Timor South Africa
2025 -48% -5.78%
2024 -47% -5.67%
2023 -34.7% -5.6%
2022 -29.5% -4.25%
2021 -20.1% -5.54%
2020 -18.9% -9.62%
2019 -25.4% -5.07%
2018 -26.9% -3.73%
2017 -33.8% -4.02%
2016 -55.7% -3.72%
2015 -33.2% -4.37%
2014 -37.5% -3.93%
2013 -14.4% -3.9%
2012 -38.7% -4.04%
2011 -25.4% -3.7%
2010 -19.8% -4.51%
2009 -17.2% -4.67%
2008 -18.6% -0.49%
2007 -29.9% 1.22%
2006 41% 0.81%
2005 -10.5% -0.1%
2004 -7.48% -1.04%
2003 -8.24% -1.59%
2002 -7.64% -0.96%
2001 3.24% -1.02%
2000 - -1.38%
1999 - -2.21%
1998 - -2.56%
1997 - -4.08%
1996 - -4.53%
1995 - -4.38%
1994 - -8.09%
1993 - -8.54%
1992 - -7.09%
1991 - -4.85%
1990 - -3.82%
1989 - -8.3%
1988 - -3.29%
1987 - -6.36%
1986 - -5.69%
1985 - -4.86%
1984 - -5.24%
1983 - -5.3%
1982 - -3.88%
1981 - -3.72%
1980 - -1.91%
1979 - -4.65%
1978 - -5.42%
1977 - -5.52%
1976 - -4.19%
1975 - -2.62%
1974 - -1.5%
1973 - -4.54%
1972 - -5.39%
1971 - -1.96%
1970 - -3.19%
1969 - -3.94%
1968 - -3.38%
1967 - -3.8%
1966 - -3.04%
1965 - -3.15%
1964 - -1.19%
1963 - -2.26%
1962 - -1.4%
1961 - -3.25%
1960 - -2.36%
1959 - -4.4%
1958 - -3.5%
1957 - -2.8%
1956 - -2.12%
1955 - -2.9%
1954 - -2.53%
1953 - -3.72%
1952 - -4.14%
1951 - -0.4%
1950 - -2.33%
1949 - -6.87%
1948 - -6.03%
1947 - -1.82%
1946 - -4.03%
1945 - -7.41%
1944 - -8.94%
1943 - -8.49%
1942 - -9.08%
1941 - -7.3%
1940 - -10.9%
1939 - -2.96%
1938 - -3.91%
1937 - -2.16%
1936 - -2.58%
1935 - -3.2%
1934 - -3.29%
1933 - -3.31%
1932 - -4.72%
1931 - -5.31%
1930 - -5.19%
1929 - -4.41%
1928 - -3.29%
1927 - -3.79%
1926 - -4.76%
1925 - -4.92%
1924 - -4.72%
1923 - -5.53%
1922 - -4.51%
1921 - -5.38%
1920 - -5.52%
1919 - -2.6%
1918 - -3.7%
1917 - -3.52%
1916 - -2.57%
1915 - -10.7%
1914 - -11.6%
1913 - -4.15%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

GeoRank.org/economy/east-timor/south-africa | 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 South Africa's deficit of $24.7B, or 5.78% of GDP.

Over the past 25 years, East Timor recorded a fiscal deficit in 23 of those years, while South Africa ran a deficit in 23 years. On average, East Timor posted an annual deficit equal to 22.6% of GDP, compared to deficit of 3.41% of GDP for South Africa.

Inflation comparison by year

Inflation
East Timor

South Africa
1x
Year Consumer prices inflation
East Timor South Africa
2025 0.5% 3.21%
2024 2.1% 4.36%
2023 8.4% 6.08%
2022 7% 7.04%
2021 3.8% 4.62%
2020 0.5% 3.23%
2019 0.9% 4.1%
2018 2.3% 4.51%
2017 0.5% 5.19%
2016 -1.5% 6.6%
2015 0.6% 4.52%
2014 0.8% 6.13%
2013 9.5% 5.78%
2012 10.9% 5.74%
2011 13.2% 5%
2010 5.2% 4.07%
2009 -0.2% 7.24%
2008 7.4% 9.91%
2007 8.6% 6.18%
2006 5.2% 3.24%
2005 1.6% 2.06%
2004 2.2% -0.69%
2003 8% 5.68%
2002 4.1% 9.49%
2001 3.6% 5.7%
2000 - 5.34%
1999 - 5.18%
1998 - 6.88%
1997 - 8.6%

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/south-africa | CC BY

Over the past 25 years, East Timor has recorded an average annual inflation rate of 4.21%, compared with 5.16% in South Africa. In 2025, inflation was 0.5% in East Timor and 3.21% in South Africa.

Top exports between countries

East Timor
Export category Export value
Raw agricultural goods $104K
Textiles & consumer goods $3K
South Africa
Export category Export value
Raw agricultural goods $689K
Machinery & equipment $34K
Chemicals & pharma $9K
Textiles & consumer goods $7K

Balance of trade

East Timor South Africa
Current account balance
-$701M
2025
-$1.81B
2025
Current account balance ranking
109/190
2025
135/190
2025
Current account balance, % of GDP
-36.9%
2025
-0.42%
2025
Goods imports
$842M
2025
$104B
2025
Goods exports
$126M
2025
$116B
2025
Service imports
$475M
2025
$21.8B
2025
Service exports
$147M
2025
$18.1B
2025
Imports of goods and services, % of GDP
84.9%
2024
29.5%
2025
Exports of goods and services, % of GDP
10.6%
2024
31.4%
2025

Economic freedom indices

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

East Timor South Africa
Economic freedom 47.9 58.6
Economic freedom ranking 173/197 110/197
Property rights 43.5 48.8
Government integrity 43.9 46.7
Judicial effectiveness 34.5 64.6
Tax burden 97.1 65.4
Government spending 0 68.4
Fiscal health 19.6 45.3
Business freedom 62.7 67.9
Labor freedom 56.5 70.8
Monetary freedom 72.2 75.8
Trade freedom 79.8 68.8
Investment freedom 45 40
Financial freedom 20 40

Economic freedom comparison by year

East Timor
South Africa
1x
Year Economic freedom index
East Timor South Africa
2026 47.9 58.6
2025 47.9 57.3
2024 50.2 55.3
2023 47.2 55.7
2022 46.3 56.2
2021 44.7 59.7
2020 45.9 58.8
2019 44.2 58.3
2018 48.1 63
2017 46.3 62.3
2016 45.8 61.9
2015 45.5 62.6
2014 43.2 62.5
2013 43.7 61.8
2012 43.3 62.7
2011 42.8 62.7
2010 45.8 62.8
2009 50.5 63.8
2008 - 63.4
2007 - 63.5
2006 - 63.7
2005 - 62.9
2004 - 66.3
2003 - 67.1
2002 - 64
2001 - 63.8
2000 - 63.7
1999 - 63.3
1998 - 64.3
1997 - 63.2
1996 - 62.5
1995 - 60.7

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

GeoRank.org/economy/east-timor/south-africa | CC BY

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, compared to 58.6 for South Africa, ranking 110/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

East Timor South Africa
Services, % of GDP
71.6%
2024
63.1%
2025
Industry, % of GDP
11.8%
2024
24.1%
2025
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
2.83%
2025
GNI, Atlas method
$2.14B
2025
$406B
2025
GNI per capita, PPP
$5,120
2025
$15,600
2025
Total reserves including gold
$851M
2025
$76B
2025
Total reserves ranking
145/177
2025
35/177
2025
Net foreign direct investment
-$253M
2025
-$1.85B
2025
Net inflows of foreign direct investment
$225M
2024
$2.33B
2024
Net outflows of foreign direct investment
$4.5M
2024
-$1.26B
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
5.74%
2024
Poverty at national poverty lines
41.8%
2014
37.9%
2022
Gross capital formation, % of GDP
30.1%
2024
13.9%
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/south-africa | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.