Government:
The government of Timor-Leste is a republican government with its capital at Dili.
Based on the 2012 elections,
their President is Taur Matan RAUK and the Prime Minister is Kay Rala Xanana GUSAMO.
All together form the government of Timor-Leste. The president is elected by a voting system for a five-year term. They celebrate their independence day on 28 November and their national anthem is called Patria.
Economy:
Timor-Leste has a GDP of $10.63 billion (2012 est.) and a GDPP of $9500.0.
Their oil and gas reserves to good use in offshore waters, this has greatly helped with the government revenues. The revenues garnered by the oil and petroleum industries are accounted for about 89% of the GDP. Even with all this oil and gas, jobs remain scarce in this area. The unemployment rate is at a whopping 18.4% and the inflation rate is 13.5%. Agricultural products like corn, rice, coffee, cassava (manioc), soybeans, sweet potatoes, mangoes, cabbage, vanilla and bananas are prominently grown here. Agriculture provides for about 80% of the population and also sends out 90% in exports. Timor-Leste mainly exports coffee. Small-scale industries play a major role towards revenue collections as well. Industries to manufacture soaps, printing, making handicrafts and weaving cloth add to the money purse of Timor-Leste.
Methods to raise economy:
- Make itself available as an offshore production warehouse. This will create jobs also.
- Promote itself for tourism. With good advertising, Timor-Leste can become a prime tourist destination.
- Use social networking websites like Facebook, twitter, tumblr, tripadvisor to get noticed by the world.