DILI, 11 april 2022 (TATOLI) – Timor-Leste’s Gross Domestic Product (GDP) rose to 1.5% in 2021, according to a government statement.
Last year, GDP grew due to the damage caused by the floods and the imposition of restrictions in the face of the pandemic (states of emergency, sanitary fences and mandatory confinements), explain the notes.
According to data from the Directorate-General for Statistics of the Ministry of Finance, the GDP growth rate increased due to the contribution of final consumption from the public and private sectors.
“Due to expenses related to covid-19, public consumption rose 6.2%, contributing to the increase in employment and consumption of goods and services”, can be read in the statement that Tatoli had access to.
The growth Per capita increased by 2.4%, as a result of “solid government support to households, through the transfer of goods and subsidies and the reactivation of family economic activities”.
Coffee production in 2021 and the stock contributed to the 26% increase in exports.
Imports compared to 2020 fell by 40.7%. “On the other hand, there was a 13% increase in the consumption of imported goods, consistent with the increase in private consumption and also with the expansion of international borders in Timor-Leste’s main trading partners”.
The statement also explains that the data presented are preliminary and adds that the final GDP data for 2021 will be published in september this year.
“The final version will be clearer and more accurate, because it will include all the data, especially the data related to Production (Research of Business Activities)”, concludes.
Journalist: Camilio de Sousa
Editor: Rafy Belo
