• Launching of “Timor-Leste National Accounts 2018 and Business Activity Survey 2018”

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Launching of “Timor-Leste National Accounts 2018 and Business Activity Survey 2018”

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Dili, 03 December 2019, The General Directorate of Statistics, Ministry of Finance release two publications such as; Timor-Leste National Accounts 2018 and Business Activity Survey 2018. The Launching was attending by President of Business and Industry, Vice Governor of Timor-Leste Central Bank, Representatives of Asian Development Bank, Representatives of BNCTL, Representatives of Australian Bureau of Statistics, President of Radio and Television of Timor-Leste, NGOs of Luta Hamutuk and LAO hamutuk, Media and the National Directors. The event was held at GDS Conference Room Caicoli Dili.

The launching of the two mentioned publication reports as outline above was officially launched by the General Director Mr. Elias dos Santos Ferreira was on behalf an acting Ministry of Finance Her Excellency Sara Lobo Brites by addressing deepest respect to all guest that participate in this launching ceremony. With an honour, i represent Government, especially Ministry of Finance in gathering all of you in this ocasion, in order to release two reports about “ National Accounts 2018 and Business Activity Survey 2018”. This launching of the reports taking place due to working together GDS and Ministry of Finance and all others entities that been contribute in offering data therefore today we release the reports. In this opportunity, on behalf of the government, i would like to convey congratulations for those work work done. Beside that she also saying that the statistics in Timor-Leste’s National Accounts for 2000-2018 (TL-NA 2000-2018) represent a comprehensive and consistent set of macroeconomic accounts for information, analysis and research, and policymaking purposes.

Timor-Leste’s National Accounts 2000-2018 are compiled following the United Nations System of National Accounts 2008 (2008 SNA). This publication includes an integrated set of accounts; including estimates of Gross Domestic Product (GDP) compiled using three compilation approaches-production, expenditure, and income. The estimation of Gross Domestic Product covering all economic sectors, including petroleum sector and its focuses onto non-petroleum, for this reason GDP sector non-petroleum for the year 2018 with a growth of (-0.8%), compared with (-3.8%) in 2017.

Timor-Leste’s NA 2000-2018 has been produced by staff of the GDS of the Ministry of Finance under the supervision of the Director-General of Statistics, Elias dos Santos Ferreira, with the support of the National Accounts Advisor.

In the same occasion an acting Ministry also said, we are very proud to be able to present the ninth edition of the Business Activity Survey (BAS) in Timor-Leste. The results of the survey give the government and other interest parties a clear picture of the performance, composition and growth of the non-petroleum producing business sector and the size of its contribution to the national economy and our Gross Domestic Product (GDP).

The BAS 2018 comprises a sample of 3,135 out 7,117 businesses of the kind considered in this study. These non-petroleum producing businesses are spread out across the country and mainly located in the major towns of each Municipalities. The BAS includes all public and private financial enterprises (banks and insurance companies) as well as all public and private non-financial businesses, with a few major exceptions: general government agencies (administration, health, education, etc.), agricultural production and other informal economic activities conducted by households. Not-for-profit institution (NGOs, charities, churches etc.) were surveyed only if they earned more than 50 percent of their income in 2018 from trading activities. Estimates of the economic contribution of subsistence farming and other informal economic activities can be made based on data previously collected in household surveys.

The BAS is a vital source of information for the development and monitoring of economic policies. The data will help the Government identify and address policy issues concerning the performance of the Timorese business environment as a whole, or related to the progress of specific sectors of the economy. The survey also gives the Government and other stakeholders, including the business sector itself, an idea of employment numbers and the size and composition of the revenues, expenses and profits of enterprises of enterprises acting in different parts of the economy. The BAS is also a key input in the compilation of the Timor-Leste National Accounts for the non-petroleum producing business sector.

A closer look at the results of BAS 2018 indicates that between 2017 and 2018 industry value added decreased by 4.2 percent in Timor-Leste. ‘Díli’ continued to employ around 84 percent of all persons employed and contributed 88 percent to the Industry Value Added (IVA) during 2018. Between 2017 and 2018, IVA decreased by 0.6 percent in ‘Díli compared with a significant decrease of 23.8 percent in the ‘Municipalities’ outside Díli.

The BAS was conducted by the General Directorate of Statistics (GDS) with technical support from the Australian Bureau of Statistics, which in turn received financial support from the Australian Department of Foreign Affairs and Trade. We are very grateful for the support of both institutions in assisting us with the development of official statistics in Timor-Leste.

Finally, I would like to express my immense gratitude to the business community for its support of this survey and to the specific businesses that provided us with detailed information about their activities.