Gross Capital Formation (As % of GDP) rose to 31.3% in East Timor in 2019

Gross Capital Formation (As % of GDP) (%)
Economy | East Timor | January 1, 2020
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Gross capital formation as a share of GDP reached 31.3 % in 2019 in East Timor, according to the National Statistical Office. This is 28.7 % more than in the previous year.

Historically, gross capital formation as a share of GDP in East Timor reached an all time high of 31.3 % in 2019 and an all time low of 0.021 % in 2006. When compared to East Timor's main peers, gross capital formation as a share of GDP in Australia amounted to 24.6 %, 33.6 % in Indonesia and 24.7 % in Malaysia in 2019.

East Timor has been ranked 24th within the group of 163 countries we follow in terms of gross capital formation as a share of GDP, 131 places above the position seen 10 years ago.

Measures the value of acquisitions of new or existing fixed assets by the business sector, governments and "pure" households (excluding their unincorporated enterprises), less disposals of fixed assets.

Gross Capital Formation (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Australia % 0.242% 24.3% 24.6% 24.6% 24.4%
Cambodia % 0.229% 22.0% 22.0% 21.8% 21.7%
East Timor % 0.162% 24.3% 31.3% 31.9% 35.1%
Indonesia % 0.337% 33.4% 33.6% 33.8% 33.9%
Malaysia % 0.256% 24.3% 24.7% 25.0% 24.9%
New Zealand % 0.243% 25.4% 25.7% 26.0% 26.3%
Papua New Guinea % ... ... ... ... ... ... ... ... ...
Philippines % 0.251% 27.5% 28.5% 29.0% 29.1%
Singapore % 0.276% 27.8% 27.5% 27.7% 27.8%
Thailand % 0.228% 23.4% 24.1% 25.1% 25.9%
Vietnam % 0.266% 27.5% 28.4% 29.4% 30.6%