Economy of São Tomé and Príncipe
The economy of São Tomé and Príncipe, while traditionally dependent on cocoa, is experiencing considerable changes due to investment in the development of its oil industry in the oil-rich waters of the Gulf of Guinea.
A market place located in the capital city of São Tomé | |
| Currency | São Tomé and Príncipe Dobra (now STN, was STD) |
|---|---|
| Statistics | |
| GDP | $686 million (PPP) (2017 est.) Rank: 208 (2012 est.) |
GDP growth | 3.9% (2017 est.) |
GDP per capita | $3,024 (PPP) (2018) |
| 5.8% (2017 est.) | |
Labour force | 52,490 (2007 est.) |
Labour force by occupation | Population mainly engaged in subsistence agriculture and fishing |
Main industries | light construction, textiles, soap, beer, fish processing, timber |
| External | |
| Exports | $11.7 million (2012 est.) |
Export goods | cocoa, copra, coffee, palm oil |
Main export partners | Netherlands 32.7% Belgium 21.4% Spain 10.8% Nigeria 5.7% United States 5.0% (2012 est.) |
| Imports | $121.6 million (2012 est.) |
Import goods | machinery, electrical equipment, petroleum products, food |
Main import partners | Portugal 63.0% Gabon 6.0% (2012 est.) |
Gross external debt | $299.5 million (31 December 2012 est.) |
| Public finances | |
Government debt | 83.5% of GDP (2012 est.) |
| Revenues | $105.5 million (2012 est.) |
| Expenses | $131.8 million (2012 est.) |
| $51.58 million (31 December 2012 est.) | |
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