Timor-Leste: Timor-Leste’s Non-Oil Economy Must Look to Tourism

Jun 22, 2016 | Susan Marx, Asia Foundation
View Original

Despite Timor-Leste’s obvious allure and ongoing economic improvements, it remains a heavily oil-dependent country – the second highest in the world behind South Sudan – with oil revenues providing 90 percent of the government’s revenue. Experts warn that unless Timor diversifies its economy, the country’s fiscal stability is in danger of quickly deteriorating.