Non-oil GDP in East Timor rises 7.8 percent in 2012

Non-oil Gross Domestic Product (GDP) in East Timor (Timor Leste) rose 7.8 percent in 2012, the spokesman for the Timor government and Minister of State and for the Presidency of the Council of Ministers, Agio Pereira said Wednesday.
The figure is included in a report on “National Accounts 2000-2012” presented at a meeting with development partners and now made public.
“The 2014 edition confirms strong growth of East Timor’s non-oil Gross Domestic Product (GDP). In 2012 East Timor’s non-
oil GDP grew 7.8 percent in constant price terms,” the Timorese minister said in a statement.
“Timor Leste’s total GDP, in 2012, at current prices, was US$5.579 billion, and the oil sector accounted for 77.2 percent and the non-oil sector for 22.8 percent of total GDP, a rise in the proportion of the contribution of non-oil to GDP, compared to figures for 2011,” the government said.
The 2000-2012 National Accounts also show that the three industrial sectors that grew most in 2012 were Information and Communication, with an increase of 19.6 percent, Agriculture, Forestry and Fishing (14.6 percent) and real estate activities, with a rise of 14.4 percent. MDT/Macauhub