## 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](https://www.imf.org/en/publications/cr/issues/2017/12/07/democratic-republic-of-timor-leste-2017-article-iv-consultation-press-release-and-staff-45447)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/12/07/democratic-republic-of-timor-leste-2017-article-iv-consultation-press-release-and-staff-45447/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/12/07/democratic-republic-of-timor-leste-2017-article-iv-consultation-press-release-and-staff-45447/index.json)
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## Bibliographic details
- Published: December 7, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484331194.002

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### 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*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17360.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17360.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/12/07/democratic-republic-of-timor-leste-2017-article-iv-consultation-press-release-and-staff-45447_