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Timor-Leste : The formal private sector in 2010

3.35.6 The formal private sector in 2010 Other Manufacturing Accommodation and food services Construction Retail and wholesale 25.9% 40.9% 13.7% 12.2% 7.3% Employment 37.1% 31.5% 8.5% 11.7% 11.2% Value added Sources: 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); National Statistics Directorate and United Nations Population Fund. 2011. Population and Housing Census 2010. Suco Report. Volume 4. Dili (July). 3.35.6 The formal private sector in 2010 Other Manufacturing Accommodation and food services Construction Retail and wholesale 25.9% 40.9% 13.7% 12.2% 7.3% Employment 37.1% 31.5% 8.5% 11.7% 11.2% Value added Sources: 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); National Statistics Directorate and United Nations Population Fund. 2011. Population and Housing Census 2010. Suco Report. Volume 4. Dili (July).

Timor-Leste : The formal private sector in 2010

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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... ate sector 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. ------- Sources: 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).

Timor-Leste : The formal private sector in 2010

Timor-Leste : The formal private sector in 2010

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