Timor- Leste is a post - conflict state that has recently emerged as a lower middle - income country. economy is one of the most heavily petroleum dependent in the world. It has $15 billion in oil wealth. However, nearly 50 per cent of the population lives in poverty and the oil reserves are finite and may be depleted by 2024. The productive GDP (agriculture and manufacturing) is only $247.  In 2014, Timor - Leste had an estimated population of 1.2 million and an annual population growth rate of 2.7 percent. The country is experiencing a youth bulge, with 32 per cent of its population between th e ages of 10 and 24. The majority of the population (70%) lives in rural areas and experiences disparities in access to public facilities and other available infrastructure.