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Economy of East Timor vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

East Timor has a GDP of $1.88B compared to $115B for Uzbekistan, ranking 180/197 and 66/197 by economy size, respectively.

East Timor has $249M in government debt (13.9% of GDP), compared to $37.5B (33% of GDP) in Uzbekistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

East Timor
GDP, current $

GDP, constant 2015 $
Uzbekistan
GDP, current $

GDP, constant 2015 $
Year GDP
East Timor Uzbekistan
Current $ Constant $ Current $ Constant $
1987 - - $8,523,160,593 $28,089,418,035
1988 - - $10,722,799,639 $30,656,392,613
1989 - - $11,948,815,258 $31,604,071,830
1990 $128,210,142 $481,437,141 $13,362,340,338 $32,109,736,981
1991 $147,713,000 $533,019,666 $13,800,167,712 $31,951,757,074
1992 $187,891,500 $588,770,963 $12,953,801,760 $28,373,160,282
1993 $216,914,400 $648,853,659 $13,099,920,056 $27,720,577,595
1994 $239,040,500 $695,070,456 $12,899,074,922 $26,279,107,562
1995 $262,819,900 $741,509,953 $13,350,461,265 $26,042,595,592
1996 $306,956,900 $800,698,650 $13,948,892,216 $26,485,319,718
1997 $319,972,700 $832,726,548 $14,744,603,774 $27,862,556,343
1998 $325,729,800 $816,072,049 $14,988,971,211 $29,060,646,266
1999 $225,357,600 $526,754,667 $17,078,465,982 $30,310,254,055
2000 $366,924,300 $832,683,748 $13,760,513,969 $31,472,652,299
2001 $477,443,500 $968,839,039 $11,401,421,329 $32,783,122,633
2002 $469,455,500 $903,891,443 $9,687,788,513 $34,085,756,140
2003 $490,439,100 $884,166,144 $10,134,453,435 $35,528,479,188
2004 $440,772,000 $887,702,844 $12,030,023,548 $38,174,995,818
2005 $462,268,000 $914,197,043 $14,307,509,839 $40,828,160,774
2006 $453,792,400 $876,567,845 $17,330,833,853 $43,870,437,889
2007 $542,795,400 $966,550,939 $22,311,393,928 $48,026,286,798
2008 $648,523,600 $1,076,687,532 $29,549,438,884 $52,362,657,564
2009 $726,937,800 $1,185,938,525 $33,689,223,673 $56,578,340,213
2010 $881,909,300 $1,296,604,518 $49,765,676,402 $60,876,691,748
2011 $1,042,534,600 $1,373,863,214 $60,178,909,297 $65,457,747,965
2012 $1,160,555,000 $1,440,641,509 $67,517,349,212 $70,106,848,439
2013 $1,395,727,400 $1,485,364,307 $73,180,037,915 $75,222,229,948
2014 $1,447,535,200 $1,551,797,202 $80,845,385,809 $80,392,884,506
2015 $1,590,282,400 $1,590,282,400 $86,196,264,755 $86,196,264,755
2016 $1,640,464,600 $1,638,148,797 $86,138,288,644 $91,309,557,165
2017 $1,584,878,400 $1,586,016,100 $69,703,222,283 $95,322,862,969
2018 $1,555,988,614 $1,586,017,920 $58,695,899,092 $100,622,047,496
2019 $2,032,550,389 $1,957,336,651 $67,293,639,798 $107,444,145,840
2020 $2,162,619,241 $2,582,938,998 $66,443,265,418 $109,123,866,128
2021 $3,624,889,673 $2,720,236,116 $77,340,060,003 $117,891,622,987
2022 $3,208,593,982 $2,161,456,509 $90,095,926,567 $124,966,702,851
2023 $2,079,916,909 $1,769,697,035 $102,641,879,249 $132,828,878,428
2024 $1,881,265,333 $1,730,956,216 $114,965,293,467 $141,462,755,525

Economic indicators

East Timor Uzbekistan
Gross domestic product
$1.88B
2024
$115B
2024
GDP rank
180/197
2024
66/197
2024
GDP growth
-9.55%
2023-2024
12%
2023-2024
GDP per capita
$1,343
2024
$3,162
2024
GDP per capita rank
166/197
2024
139/197
2024
GDP per capita, PPP
$4,758
2024
$11,879
2024
Government debt
$249M
2024
$37.5B
2024
Debt-to-GDP ratio
13.9%
2025
33%
2025
Government debt per person
$177.7
2024
$1,032
2024
Government debt per person rank
182/185
2024
142/185
2024
Average annual personal income after taxes
$1,668
2025
$3,203
2025
Market capitalization of domestic companies n/a
$18.8B
2024
Income share by richest 10%
24%
2014
25.7%
2024
Income share by poorest 10%
4%
2014
2.3%
2024
Government expenditure, % of GDP
96.6%
2025
27.8%
2025
Consumer prices inflation
0.9%
2024-2025
9.1%
2024-2025
Central bank interest rate n/a
14%
2025
Unemployment rate
1.54%
2022
5.29%
2020
Population
1433311
37592263

GDP per capita in East Timor vs Uzbekistan

East Timor's GDP per capita is $1,343, ranking 166/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 159th at $4,758, while Uzbekistan ranks 123rd at $11,879.

East Timor
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
Year Current $
East Timor Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1987 - - $450 -
1988 - - $551 -
1989 - - $598 -
1990 $168.6 $685 $653 $2,665
1991 $189.8 $766 $658 $2,676
1992 $235.1 $843 $603 $2,371
1993 $264.1 $925 $596 $2,318
1994 $283.1 $985 $574 $2,197
1995 $303 $1,043 $583 $2,178
1996 $344 $1,116 $597 $2,214
1997 $349 $1,149 $621 $2,329
1998 $346 $1,108 $621 $2,418
1999 $270 $819 $698 $2,522
2000 $492 $1,483 $555 $2,644
2001 $588 $1,619 $454 $2,782
2002 $534 $1,417 $381 $2,902
2003 $535 $1,355 $394 $3,047
2004 $474 $1,379 $462 $3,321
2005 $487 $1,435 $543 $3,618
2006 $465 $1,377 $649 $3,956
2007 $540 $1,516 $824 $4,386
2008 $628 $1,675 $1,075 $4,800
2009 $687 $1,810 $1,206 $5,135
2010 $813 $1,955 $1,753 $5,505
2011 $939 $2,066 $2,088 $5,949
2012 $1,023 $2,386 $2,307 $6,168
2013 $1,205 $2,566 $2,462 $6,413
2014 $1,225 $2,860 $2,675 $6,610
2015 $1,320 $3,108 $2,803 $6,800
2016 $1,336 $3,391 $2,753 $6,919
2017 $1,266 $3,463 $2,191 $7,818
2018 $1,219 $3,561 $1,813 $8,129
2019 $1,562 $4,557 $2,041 $8,544
2020 $1,631 $6,132 $1,978 $8,452
2021 $2,685 $6,825 $2,259 $9,248
2022 $2,343 $5,728 $2,579 $10,293
2023 $1,503 $4,806 $2,879 $11,107
2024 $1,343 $4,758 $3,162 $11,879

Spending and national debt comparison

In 2024, East Timor's government spending was $1.7B, accounting for 96.6% of its GDP, while Uzbekistan's spent $31.9B, or 27.8% of GDP.

Debt-to-GDP ratio is 13.9% in East Timor and 33% in Uzbekistan, ranking 178/185 and 155/185, respectively.

East Timor
Government spending

Government debt
Uzbekistan
Government spending

Government debt
Year % of GDP
East Timor Uzbekistan
Government spending Government debt Government spending Government debt
1992 - - 18% -
1993 - - 39.6% -
1994 - - 27.1% -
1995 - - 29.4% -
1996 - - 35.1% -
1997 - - 31.8% 15.3%
1998 - - 35.1% 18%
1999 - - 33.6% 18.4%
2000 - - 32.9% 29.5%
2001 95.7% 0% 30.6% 44.8%
2002 93.5% 0% 34.6% 41.6%
2003 80.1% 0% 31.5% 31.4%
2004 74.2% 0% 29.4% 26.9%
2005 58.3% 0% 28.1% 21%
2006 59.8% 0% 24.7% 13.5%
2007 75.8% 0% 24.8% 9.56%
2008 122.4% 0% 26.5% 8.33%
2009 121.8% 0% 27.5% 7.3%
2010 121.3% 0% 26.4% 6.61%
2011 133.3% 0% 23.7% 6.33%
2012 129.3% 0.002% 23.9% 6.76%
2013 96.1% 0.46% 25.2% 6.23%
2014 111% 1.52% 24.9% 6.09%
2015 98.1% 2.95% 24.6% 6.72%
2016 112.2% 4.71% 23.3% 8.19%
2017 87.3% 6.71% 19.9% 17.3%
2018 85.5% 9.31% 22.2% 17.5%
2019 68.7% 9.51% 24.3% 25.4%
2020 61% 10.1% 26% 33.7%
2021 44.8% 6.53% 27.4% 31.7%
2022 60.2% 7.9% 31.4% 30.5%
2023 81.4% 12.4% 29.9% 32.2%
2024 90.3% 13.2% 27.8% 32.6%
2025 96.6% 13.9% 27.8% 33%

Government deficit by year

In 2024, East Timor's government deficit, the difference between spending and revenue, was -$834M, equivalent to -44.3% of GDP. This compares to Uzbekistan's deficit of -$2.6B, or -2.26% of GDP.

Over the past 24 years, East Timor recorded a fiscal deficit in 22 of those years, while Uzbekistan ran a deficit in 12 years. On average, East Timor posted an annual deficit equal to -21.6% of GDP, compared to deficit of -0.17% of GDP for Uzbekistan.

Deficit/surplus
East Timor

Uzbekistan
Year Deficit/surplus, % of GDP
East Timor Uzbekistan
1992 - 7.15%
1993 - -12%
1994 - -4.47%
1995 - -1.77%
1996 - -1.57%
1997 - -2.05%
1998 - -3.04%
1999 - -2.91%
2000 - -3.66%
2001 3.24% -3.28%
2002 -7.64% -6.31%
2003 -8.24% -4.87%
2004 -7.48% -3.74%
2005 -10.5% -3.52%
2006 41% 2.72%
2007 -29.9% 3.55%
2008 -18.6% 5.97%
2009 -17.2% 1.82%
2010 -19.8% 2.56%
2011 -25.4% 5.11%
2012 -38.7% 5.89%
2013 -14.4% 2.15%
2014 -37.5% 1.9%
2015 -33.2% -0.28%
2016 -55.7% 0.7%
2017 -33.8% 1.04%
2018 -26.9% 1.64%
2019 -25.4% -0.26%
2020 -18.9% -2.95%
2021 -20.1% -4.1%
2022 -31.7% -3.65%
2023 -37.3% -3.98%
2024 -44.3% -2.26%
2025 -51% -2.27%

Inflation comparison by year

Over the past 25 years, East Timor has recorded an average annual inflation rate of 4.22%, compared with 12.8% in Uzbekistan. In 2025, inflation was 0.9% in East Timor and 9.1% in Uzbekistan.

Inflation
East Timor

Uzbekistan
Year Inflation
East Timor Uzbekistan East Timor Uzbekistan
1996 - 54%
1997 - 70.9%
1998 - 29%
1999 - 29.1%
2000 - 25%
2001 3.6% 27.3%
2002 4.1% 27.3%
2003 8% 12.5%
2004 2.2% 7.3%
2005 1.6% 10.7%
2006 5.2% 13.1%
2007 8.6% 11.2%
2008 7.4% 13.1%
2009 -0.2% 12.3%
2010 5.2% 12.3%
2011 13.2% 12.4%
2012 10.9% 11.9%
2013 9.5% 11.7%
2014 0.8% 9.1%
2015 0.6% 8.5%
2016 -1.5% 8.8%
2017 0.5% 13.9%
2018 2.3% 17.5%
2019 0.9% 14.5%
2020 0.5% 12.9%
2021 3.8% 10.8%
2022 7% 11.4%
2023 8.4% 10%
2024 2.1% 9.6%
2025 0.9% 9.1%

Balance of trade

East Timor Uzbekistan
Current account balance
-$565M
2024
-$5.72B
2024
Current account balance ranking
103/189
2024
170/189
2024
Current account balance, % of GDP
-30%
2024
-4.97%
2024
Goods imports
$839M
2024
$33.2B
2024
Goods exports
$196M
2024
$19.6B
2024
Service imports
$405M
2024
$10.5B
2024
Service exports
$82.1M
2024
$6.55B
2024
Imports of goods and services, % of GDP
66.4%
2023
38%
2024
Exports of goods and services, % of GDP
22.9%
2023
22.8%
2024

Economic freedom indices

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

East Timor Uzbekistan
Economic freedom 47.9 58
Economic freedom ranking 174/197 111/197
Property rights 41.5 33.5
Government integrity 44.1 31.2
Judicial effectiveness 36.2 14.5
Tax burden 97.3 92.8
Government spending 0 73.6
Fiscal health 19.8 73.3
Business freedom 65.6 64.4
Labor freedom 57.2 47.9
Monetary freedom 67.5 64.6
Trade freedom 80 80.6
Investment freedom 45 60
Financial freedom 20 60

Economic freedom by year comparison

The Economic Freedom Index for East Timor is 47.9, ranking 174/197, compared to 58 for Uzbekistan, ranking 111/197. The chart below displays a comparison of annual changes in economic freedom indexes.

East Timor
Uzbekistan
Year Economic freedom index
East Timor Uzbekistan
1998 - 31.5
1999 - 33.8
2000 - 38.1
2001 - 38.2
2002 - 38.5
2003 - 38.3
2004 - 39.1
2005 - 45.8
2006 - 48.7
2007 - 51.5
2008 - 51.9
2009 50.5 50.5
2010 45.8 47.5
2011 42.8 45.8
2012 43.3 45.8
2013 43.7 46
2014 43.2 46.5
2015 45.5 47
2016 45.8 46
2017 46.3 52.3
2018 48.1 51.5
2019 44.2 53.3
2020 45.9 57.2
2021 44.7 58.3
2022 46.3 55.7
2023 47.2 56.5
2024 50.2 55.9
2025 47.9 58

More economic indicators

East Timor Uzbekistan
Services, % of GDP
61%
2023
45.2%
2024
Industry, % of GDP
23.9%
2023
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
16.9%
2023
18.3%
2024
GNI, Atlas method
$2.18B
2024
$110B
2024
GNI per capita, PPP
$4,880
2024
$12,000
2024
Total reserves including gold
$780M
2024
$41.2B
2024
Total reserves ranking
145/177
2024
50/177
2024
Net foreign direct investment
-$228M
2024
-$2.8B
2024
Net inflows of foreign direct investment
$232M
2024
$2.84B
2024
Net outflows of foreign direct investment
$4.5M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
1.03%
2023
8.24%
2023
Poverty at national poverty lines
41.8%
2014
8.9%
2024
Gross capital formation, % of GDP
20.5%
2023
33.3%
2024

GDP per capita map

GDP per capita

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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.