The longer-term challenge facing Timor-Leste’s leaders is steering the
economy away from growth that depends primarily on oil revenues and
public sector stimulus, and toward growth in which the priv...
plays the lead role. The inaugural Business Activity Survey, covering 2010,
illustrates the nascent state of the private sector. The survey confirmed
the high concentration of formal sector businesses in Dili, which provide
more than 80% of national employment and value added. It showed that
retail and wholesale, construction, and accommodation and food service
accounted for more than half of national employment and value added
(Figure 3.35.6). The long-term prospects for the economy and private sector
development are encouraging, as spillover from government spending
should create business opportunities and successful past investments
should encourage further investment. Economic diversification and
private sector development would be fostered by further progress in
improving the business environment. The government’s One-Stop Shop
initiative to simplify procedures for starting a new business, the passage of
a public–private partnership framework, and progress toward developing a
new law to govern land titles are promising steps.
National Directorate of Statistics. 2012.
Business Activity Survey of Timor-Leste 2010. Dili (January); Government of Timor-Leste. 2011.2012 Budget Book No. 1.
Dili (November) ( http://timor-leste.gov.tl/?lang=en ); National Statistics Directorate and United Nations Population Fund. 2011. Population and Housing Census 2010. Suco Report. Volume 4. Dili (July).
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