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Indicators of economy in Sao Tome and Principe

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,183 USD per capita. GDP in Sao Tome and Principe, on the other hand, reached USD 2,361 per capita, or 526.65 million USD for the whole country. Sao Tome and Principe is currently at number 202 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant, taking purchasing power parity into account, then Sao Tome and Principe ranks 150th in the list of the richest countries.

Inflation in Sao Tome and Principe in 2018 was around 7.86%. Within the EU, the average in the same year was 9.22 percent. In the United States, it was most recently 8.00%.

The index for perceived corruption in the public sector is 45, which is below average by global standards.


Back to overview: Sao Tome and Principe

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Sao Tome and Principe in 2020 increased from 427.43 million US dollars to 472.55 million US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 10.56 percent increase has been rather unusual this year. While most countries have suffered significant losses, Sao Tome and Principe has certainly held its own. The unemployment rate rose from 14.1 to 15.4 percent.

Unemployment rates in percentages 1991 - 2022

Economic performance 2021

 Sao Tome and Principe
Total		Sao Tome and Principe
per capita		EU
Total		EU
per capita
GDP526.65 m USD2,360.54 USD17.177 tn USD33,384.92 USD
Gross national product504.36 m USD2,260.61 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in millions of USD 2001 - 2021


› Debt budget development
› Development of inflation
› Corruption in Sao Tome and Principe
› Cost of living in a global comparison


Imports and Exports 2021

 Sao Tome and Principe
Total		Sao Tome and Principe
per capita		EU
Total		EU
per capita
Imports160.10 m USD717.59 USD8.916 tn USD17,329.02 USD
Exports49.34 m USD221.15 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1974 - 2021

Exports
Imports



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