The Gross Domestic Product (GDP) in Sao Tome and Principe expanded 1.80 percent in the fourth quarter of 2021 over the same quarter of the previous year. source: Central Bank of Sao Tome and Principe

GDP Annual Growth Rate in Sao Tome and Principe averaged 4.57 percent from 2002 until 2021, reaching an all time high of 12.60 percent in 2006 and a record low of 1.30 percent in 2019. This page provides - Sao Tome and Principe GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sao Tome and Principe GDP Annual Growth Rate - values, historical data and charts - was last updated on June of 2023.

GDP Annual Growth Rate in Sao Tome and Principe is expected to reach 1.40 percent by the end of 2022, 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 2.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Sao Tome and Principe GDP Annual Growth Rate



Related Last Previous Unit Reference
GDP Annual Growth Rate 1.80 3.00 percent Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.80 3.00 12.60 1.30 2002 - 2021 percent Yearly