s - about 10 percent of the population.
While real non-oil GDP growth in 2006 was negative, the economy
probably rebounded in 2007. The underlying economic policy challenge
the country faces remains how best to use oil-and-gas wealth to lift
the non-oil economy onto a higher growth path and reduce poverty. In
late 2007, the new government announced plans aimed at increasing
spending, reducing poverty, and improving the country's
infrastructure, but it continues to face capacity constraints. In
the short term, the government must also address continuing problems
related to the crisis of 2006, especially the displaced Timorese.

GDP (purchasing power parity):

$2.608 billion (2007 est.)

GDP (official exchange rate):

$459 million (2007 est.)

GDP - real growth rate:

19.8% (2007 est.)

GDP - per capita (PPP):

$2,500 (2007 est.)

GDP - composition by sector:

agriculture: 32.2%
industry: 12.8%
services: 55% (2005)

Labor force:

NA

Labor force - by occupation:

agriculture: NA%
industry: NA%
services: NA%

Unemployment rate:

50% estimated; note - unemployment in urban areas reached 20%; data
do not include underemployed (2001 est.)

Population below poverty line:

42% (2003 est.)

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Distribution of family income - Gini index:

38 (2002 est.)

Budget:

revenues: $733 million
expenditures: $309 million
note: the government passed a transitional budget to cover the
latter half of 2007 and has moved the fiscal cycle to a calendar
year, starting with the budget they passed for 2008 (FY06/07 est.)

Fiscal year:

calendar year

Inflation rate (consumer prices):

7.8% (2007 est.)

Commercial bank prime lending rate:

15.05% (31 December 2007)

Stock of money:

$74.94 million (31 December 2007)

Stock of quasi money:

$68.78 million (31 December 2007)

Stock of domestic credit:

NA (31 December 2007)

Agriculture - products:

coffee, rice, corn, cassava, sweet potatoes, soybeans, cabbage,
mangoes, bananas, vanilla

Industries:

printing, soap manufacturing, handicrafts, woven cloth

Industrial production growth rate:

8.5% (2004 est.)

Electricity - production:

NA kWh

Electricity - consumption:

NA kWh

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh

Electricity - production by sou