The Gross Domestic Product (GDP) in Sao Tome and Principe expanded 4.10 percent in 2018 from the previous year. Sao Tome and Principe GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Sao Tome and Principe averaged 5.11 percent from 2002 until 2018, reaching an all time high of 12.60 percent in 2006 and a record low of 1.60 percent in 2005. This page provides - Sao Tome and Principe GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Sao Tome and Principe is expected to reach 3.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sao Tome and Principe GDP Annual Growth Rate is projected to trend around 3.70 percent in 2021 and 3.40 percent in 2022, according to our econometric models.


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Sao Tome and Principe GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.10 3.90 12.60 1.60 2002 - 2018 percent Yearly


Sao Tome and Principe GDP Annual Growth Rate
Sao Tome and Principe is the least populated and one of the smallest countries in Africa. The country’s economy is dependent on agriculture and tourism. In recent years, the major source of revenue, cocoa production, has been decreasing due to regular droughts and mismanagement. As a result, Sao Tome and Principe has become increasingly dependent on foreign aid and vulnerable to fuel and food price fluctuations. To make things worse, a political crisis is a threat to social stability and may hamper foreign direct investment. On the positive side, recently found oil reserves in the Gulf of Guinea are expected to boost Sao Tome’s economy as soon as production begins.