Democratic Republic of Timor-Leste: 2017 Article IV Consultation-Press Release and Staff Report
IMF Staff Country Reports, December 7, 2017
Source details
- Canonical URL
- Democratic Republic of Timor-Leste: 2017 Article IV Consultation-Press Release and Staff Report
Other formats
Bibliographic details
- Published: December 7, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484331194.002
Economic activity and growth
- Non-oil real GDP growth in 2016 is estimated at 5.5 percent, supported by a near doubling of government capital spending, albeit with large import leakages.
- Real total GDP declined by 7.9 percent in 2016, owing to a sharp fall in oil production.
- Non-oil real GDP growth is projected to moderate to 3 percent in 2017, owing to lower government expenditure and the slowdown of activity owing to the delayed formation of the new government after the parliamentary elections in July.
Fiscal position
- The overall fiscal deficit widened to 30.8 percent of GDP in 2016.
Inflation and external price environment
- Inflationary pressures remain low, albeit with a return to positive territory with rising global food and fuel prices.
Thematic focus and keywords
- Subjects: Commodities, Expenditure, External debt, Oil, Public debt, Public investment and public-private partnerships (PPP)
- Keywords: CR, debt, executive board assessment, Global, government, ISCR, Oil, oil GDP, Pacific Islands, PF balance, PF withdrawal, Public investment and public-private partnerships (PPP), real GDP, Timor-Leste authorities, WTI crude
Democratic Republic of Timor-Leste: 2017 Article IV Consultation-Press Release and Staff Report
Content in this bundle
- Country Report