Sao Tome and Principe GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Sao Tome and Principe expanded 4 percent in 2012 from the previous year. GDP Annual Growth Rate in Sao Tome and Principe is reported by the Central Bank of Sao Tome and Principe. From 2002 until 2012, Sao Tome and Principe GDP Annual Growth Rate averaged 5.1 Percent reaching an all time high of 12.6 Percent in December of 2006 and a record low of 1.6 Percent in December of 2005. 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. This page provides - Sao Tome and Principe GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.00 4.90 12.60 1.60 5.59 | 2013/12 2002 - 2012 Percent Yearly

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Sao Tome and Principe GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 0.27 2012-12-31 0.25 0.27 0.07 0.30 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 4.00 2012-12-31 4.90 12.60 1.60 5.59 2013-12-31 Percent [+]
GDP per capita 840.38 2012-12-31 829.77 1131.82 532.38 853.99 2013-12-31 USD [+]
GDP per capita PPP 1596.37 2012-12-31 1576.21 1596.37 901.77 1624.46 2013-12-31 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Sao Tome and Principe Interest Rate at 12.00 Percent  
The benchmark interest rate in Sao Tome and Principe was last recorded at 12 percent. Interest Rate in Sao Tome and Principe is reported by the Central Bank of Sao Tome and Principe.
Sao Tome and Principe Imports at 45.17 USD Million  
Imports in Sao Tome and Principe increased to 45.17 USD Million in the fourth quarter of 2013 from 31.82 USD Million in the third quarter of 2013. Imports in Sao Tome and Principe is reported by the Central Bank of Sao Tome and Principe.
Sao Tome and Principe Exports at 2.97 USD Million  
Exports in Sao Tome and Principe increased to 2.97 USD Million in the fourth quarter of 2013 from 2.01 USD Million in the third quarter of 2013. Exports in Sao Tome and Principe is reported by the Central Bank of Sao Tome and Principe.
Sao Tome and Principe Balance of Trade at -42.20 USD Million  
Sao Tome and Principe recorded a trade deficit of 42.20 USD Million in the fourth quarter of 2013. Balance of Trade in Sao Tome and Principe is reported by the Central Bank of Sao Tome and Principe.
Sao Tome and Principe Current Account at -99.50 USD Million  
Sao Tome and Principe recorded a Current Account deficit of 99.50 USD Million in 2012. Current Account in Sao Tome and Principe is reported by the Central Bank of Sao Tome and Principe.
Sao Tome and Principe Current Account to GDP at -38.00 Percent  
Sao Tome and Principe recorded a Current Account deficit of 38 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Sao Tome and Principe is reported by the Central Bank of Sao Tome and Principe.
Sao Tome and Principe Government Budget at -9.40 Percent of GDP  
Sao Tome and Principe recorded a Government Budget deficit equal to 9.40 percent of the country's Gross Domestic Product in 2012. Government Budget in Sao Tome and Principe is reported by the Central Bank of Sao Tome and Principe.
Sao Tome and Principe Inflation Rate at 6.80 Percent  
The inflation rate in Sao Tome and Principe was recorded at 6.80 percent in November of 2013. Inflation Rate in Sao Tome and Principe is reported by the Central Bank of Sao Tome and Principe.
Sao Tome and Principe GDP per capita at 840.38 USD  
The Gross Domestic Product per capita in Sao Tome and Principe was last recorded at 840.38 US dollars in 2012. The GDP per Capita in Sao Tome and Principe is equivalent to 7 percent of the worlds average. GDP per capita in Sao Tome and Principe is reported by the World Bank.
Sao Tome and Principe GDP per capita PPP at 1596.37 USD  
The Gross Domestic Product per capita in Sao Tome and Principe was last recorded at 1596.37 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Sao Tome and Principe, when adjusted by Purchasing Power Parity is equivalent to 7 percent of the worlds average. GDP per capita PPP in Sao Tome and Principe is reported by the World Bank.
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