Sao Tome and Principe GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Sao Tome and Principe expanded 4 percent in 2013 from the previous year. GDP Annual Growth Rate in Sao Tome and Principe averaged 4.99 Percent from 2002 until 2013, reaching an all time high of 12.60 Percent in 2006 and a record low of 1.60 Percent in 2005. GDP Annual Growth Rate in Sao Tome and Principe is reported by the Central Bank of Sao Tome and Principe.
||2002 - 2013
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.