Economy of São Tomé and Príncipe
capital city of São Tomé | |
| Currency | São Tomé and Príncipe Dobra (now STN, was STD) |
|---|---|
| Statistics | |
| GDP | |
| GDP rank | |
GDP growth |
|
GDP per capita |
|
GDP per capita rank | |
| 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 | |
| 83.5% of GDP (2012 est.) | |
| $51.58 million (31 December 2012 est.) | |
| -10% of GDP (2012 est.) | |
| Revenues | $105.5 million (2012 est.) |
| Expenses | $131.8 million (2012 est.) |
All values, unless otherwise stated, are in US dollars. | |
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.