Publication:
Timor-Leste Economic Report: Investing in the Next Generation

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dc.contributor.authorWorld Bank
dc.date.accessioned2022-06-28T16:05:21Z
dc.date.available2022-06-28T16:05:21Z
dc.date.issued2022-06-28
dc.description.abstractBuffeted by COVID-19 and Tropical Cyclone Seroja, the non-oil economy grew by 1.5 percent in 2021. A record-high budget with expenditure of nearly 90 percent of GDP bolstered government consumption. A series of fiscal and quasi-fiscal stimulus measures supported employment and incomes, thereby allowing households to maintain their consumption. On the demand side, gross capital formation shrunk while net exports expanded. The oil economy grew by 8.3 percent, bringing the total economic growth to 4.4 percent.1 The government lifted the pandemic-related state of emergency at the end of November 2021, but challenges remain. Following a relatively brisk start, the vaccination campaign has moved sluggishly in recentmonths. Nevertheless, the authorities have initiated vaccination of children and adolescents between 12 and 18 years old, while booster shots have been made available. There has been a concerning surge of Dengue Fever with 5,000 reported cases (and 54 fatalities) to date since January 2022‒a more than seven-fold increase from the same period a year ago. All restrictions for inbound international vaccinated travelers to Timor-Leste havebeen rescinded. By the end of May 2022, the partly vaccinated and fully vaccinated figures in Timor-Leste stood at 85.4 percent and 73.4 percent, respectively.en
dc.identifierhttp://documents.worldbank.org/curated/en/099355106282275819/P1773510568a060db09183035b08e384fec
dc.identifier.doi10.1596/37604
dc.identifier.urihttps://hdl.handle.net/10986/37604
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCOVID-19
dc.subjectGROSS CAPITAL FORMATION
dc.subjectVACCINATION RATES
dc.subjectGLOBAL PANDEMIC
dc.subjectSTATE OF EMERGENCY
dc.subjectCOUNTRY ECONOMIC UPDATE
dc.titleTimor-Leste Economic Reporten
dc.title.subtitleInvesting in the Next Generationen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleTimor-Leste Economic Report
okr.date.disclosure2022-06-28
okr.date.doiregistration2025-05-07T10:04:16.454510Z
okr.date.lastmodified2022-06-28T00:00:00Zen
okr.doctypeReport
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099355106282275819/P1773510568a060db09183035b08e384fec
okr.guid099355106282275819
okr.identifier.externaldocumentum33854385
okr.identifier.internaldocumentum33854385
okr.identifier.report173154
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099355106282275819/pdf/P1773510568a060db09183035b08e384fec.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryTimor-Leste
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.topicHealth, Nutrition and Population::Health Economics & Finance
okr.topicHealth, Nutrition and Population::Health Policy and Management
okr.unitEFI-EAP-MTI-MacroFiscal-2 (EEAM2)
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