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    East Timor Economy - 2002

      Economy - overview In late 1999, about 70% of the economic infrastructure of East Timor was laid waste by Indonesian troops and anti-independence militias, and 260,000 people fled westward. Over the next three years, however, a massive international program, manned by 5,000 peacekeepers (8,000 at peak) and 1,300 police officers, led to substantial reconstruction in both urban and rural areas. By mid-2002, all but about 50,000 of the refugees had returned. The country faces great challenges in continuing the rebuilding of infrastructure and the strengthening of the infant civil administration. One promising long-term project would be development of oil resources in nearby waters.

      GDP purchasing power parity - $415 million (2001 est.)

      GDP - real growth rate 18% (2001 est.)

      GDP - per capita purchasing power parity - $500 (2001 est.)

      GDP - composition by sector
      agriculture: 25.4%
      industry: 17.2%
      services: 57.4% (2001)

      Population below poverty line 42% (2002 est.)

      Household income or consumption by percentage share
      lowest 10%: NA%
      highest 10%: NA%

      Distribution of family income - Gini index 38

      Inflation rate (consumer prices) NA%

      Labor force NA

      Labor force - by occupation NA

      Unemployment rate 50% (including underemployment)

      revenues: $NA
      expenditures: $NA

      Industries printing, soap manufacturing, handicrafts, woven cloth

      Industrial production growth rate 8.5%

      Electricity - production NA kWh

      Electricity - production by source
      fossil fuel: 100%
      hydro: 0%
      other: 0%
      nuclear: 0%

      Electricity - consumption NA kWh

      Electricity - exports 0 kWh

      Electricity - imports 0 kWh

      Agriculture - products coffee, rice, maize, cassava, sweet potatoes, soybeans, cabbage, mangoes, bananas, vanilla

      Exports $8 million (2001 est.)

      Exports - commodities coffee, sandalwood, marble; note - the potential for oil and vanilla exports

      Exports - partners NA

      Imports $237 million (2001 est.)

      Imports - commodities NA

      Imports - partners NA

      Debt - external $NA

      Economic aid - recipient $2.2 billion (1999-2002 est.)

      Currency US dollar (USD)

      Currency code USD

      Fiscal year 1 July - 30 June

      NOTE: The information regarding East Timor on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of East Timor Economy 2002 information contained here. All suggestions for corrections of any errors about East Timor Economy 2002 should be addressed to the CIA.

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    Revised 30-Jan-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)