East Timor

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East Timor business opportunities are limited. With a low level of development and an unemployment rate reaching 20%, East Timor continues to suffer from the after effects of a decades-long independence struggle against Indonesia – one which damaged economic infrastructure and displaced thousands of civilians. The development of oil and gas resources in offshore waters has greatly supplemented government revenues, but it has done little to create jobs for the unemployed, as there are no production facilities in East Timor (oil and gas is sent directly to Australia). Energy revenues have, nonetheless, allowed for the creation of a repository that is being used to build basic infrastructure like electricity and roads. With good management, and a little luck, its hoped that the oil and gas proceeds will lift East Timor’s non-oil economy to a higher growth path, reducing unemployment and poverty.

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