The GDP composition of East Timor in 2023 is dominated by the Mining, Manufacturing, and Utilities sector, contributing 62.58% to the nation's GDP. Services follow with a 16.12% share, while Agriculture, Hunting, Forestry, and Fishing add 7.03%. Construction accounts for 6.61%, with Wholesale, Retail Trade, Restaurants, and Hotels at 5.32%, and Transport, Storage, and Communication contribute 2.35%. Over the past two years, these sectors have shown varying trends, with the overall economy adapting to shifts in domestic and global demands. The five-year CAGR suggests modest growth in diverse sectors, highlighting structural economic transformations.
Future trends to watch for include:
- Increasing diversification efforts to boost the agricultural and services sectors.
- Potential fluctuations in the mining sector due to global commodity price changes.
- Continued investment in infrastructure to support construction and transportation.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Mining, Manufacturing, Utilities | 62.58 | 2016 | |
| 2 | 2 Services | 16.12 | 2016 | |
| 3 | 3 Agriculture, hunting, forestry, fishing | 7.03 | 2016 | |
| 4 | 4 Construction | 6.61 | 2016 | |
| 5 | 5 Wholesale, retail trade, restaurants and hotels | 5.32 | 2016 | |
| 6 | 6 Transport, storage and communication | 2.35 | 2016 |
