Economy of East Timor

The economy of East Timor is ranked as a lower-middle income economy by the World Bank. It is placed 158th by Human Development Index, indicating a low level of human development. 20% of the population is unemployed, and 52.9% lives on less than US $1.25 a day. About half of the population is illiterate.

The country continues to suffer the after effects of a decades-long independence struggle against Indonesia, which damaged infrastructure and displaced thousands of civilians.

In 2007, a bad harvest led to deaths in several parts of Timor-Leste. In November 2007, eleven subdistricts still needed food supplied by international aid.

There are no patent laws in East Timor.

Read more about Economy Of East Timor:  History

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    Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.
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