Economy of Sao Tome and Principe
Population: 0.21 M (2018)
GDP per Capita: 2,001 USD (2018)
420 M.

GDP USD

(2018)

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2,018 B.

EXPORTS USD

(2018)

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2,018 B.

IMPORTS USD

(2018)

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70.62 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.66 % (2018)
GDP of 2010 USD USD 0.30 B. (2018)
GDP Current USD USD 0.42 B. (2018)
GDP per Capita Current USD USD 2,001 (2018)
GDP per capita, PPP USD 3,033 (2018)
GDP per Capita, 2010 USD USD 1,297 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP
Government Spending
Government Debt % GDP 70.62 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 109.80 (2018)
Trade Openness 109.80 (2018)
Exports of Goods and Services % GDP
Exports Goods & Services
Exports Annual Growth 109.80 (2018)
Imports as % GDP 109.80 (2018)
Total Imports
Foreign Direct Investment % GDP 5.61 % (2018)
Foreign Direct Investment USD 0.03 B. (2018)
Current Account Balance % GDP USD -14.73 % (2018)
Current Account Balance USD -0.06 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD -0.10 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.04 B. (2018)
Remittances % GDP 4.21 % (2018)
Remittances USD 18 M. (2018)
Balance of Payments USD 14 M. (2015)

Labor Market

Indicator Value
Labor Force 0.07 M. (2019)
Unemployment Rate 13.40 % (2019)
Unemployment Rate Females 20.92 % (2019)
Unemployment Rate Males 9.11 % (2019)
Youth Unemployment (ages 15-24) 20.33 % (2019)
Labor Force Participation Rate 59.46 % (2019)
Labor Force (Percent Female) 36.07 % (2019)
Female Labor Force Participation Rate 43.20 % (2019)
Male Labor Force Participation Rate 76.12 % (2019)
Dependent People 83.30 % (2018)

Agriculture Sector

Indicator Value
Forest Area 55.80 % (2016)
Forest Area km² 536 km² (2016)
Agricultural Land 50.73 % (2016)
Agricultural Land km² 487 km² (2016)
Employment 23.41 % (2019)
Value added % GDP 11.35 % (2018)
Agriculture Value added USD 0.05 B. (2018)
Crop Production Index 110.60 (2016)
Precipitation 3,200 mm (2014)
Arable Land 9 % (2016)
Cereal Yield 2,084 kg/hectare (2017)
Food production index 111 (2016)
Rural Population 27 % (2018)
Fertilizer use of Arable Land 111 (2016)
Livestock Production Index 117 (2016)
Economy of Sao Tome and Principe

According to the World Bank and its latest published data, the economy of the Sao Tome and Principe presents a growth rate of 2.66 % (2018) to the previous year.

With a population that reaches 0.21 M (2018) and a gross domestic product of USD 0.42 B. (2018), it translates a Gross Domestic Product per Capita of USD 2,001 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Sao Tome and Principe also has a workforce of 0.07 M. (2019) with an unemployment rate of 13.40 % (2019), where women represent 20.92 % (2019) and men 9.11 % (2019), the unemployment rate for young people between 15-24 years old stood at 20.33 % (2019). The total number of dependent people stands at 83.30 % (2018).

The central government spent of its gross domestic product that year, which in absolute terms is . Its consolidated public debt reached 70.62 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Sao Tome and Principe exported , which represents of its gross domestic product, in that same sense its imports reached with a direct foreign investment of USD 0.03 B. (2018).

Sao Tome and Principe has a forest area of 536 km² (2016), which represents 55.80 % (2016) of its total area, an average rainfall of 3,200 mm (2014) per year and a population of 27 % (2018) living in rural areas. With a total area of 487 km² (2016) available for agriculture and 23.41 % (2019) of its employments, the agricultural sector contributes to the economy of the Sao Tome and Principe about USD 0.05 B. (2018) (11.35 % (2018) of its GDP).