| SAO TOMEAN ECONOMY STATS: |
| Top Stats |
| | All Stats |
|
|
|
| |
|
|
Agriculture > products
cocoa, coconuts, palm kernels, copra, cinnamon, pepper, coffee, bananas, papayas, beans; poultry; fish |
|
Aid as % of GDP
|
75.2% |
|
[1st of 129]
|
|
Definition: Economy > Aid as % of GDP |
|
Current account balance
|
-$55,000,000.00 |
|
[72nd of 181]
|
|
Definition: Economy > Current account balance |
|
Debt > External
|
$318,000,000.00 |
|
[91st of 136]
|
|
Definition: Economy > Debt > External |
Economy > Overview
This small, poor island economy has become increasingly dependent on cocoa since independence in 1975. Cocoa production has substantially declined in recent years because of drought and mismanagement. Sao Tome has to import all fuels, most manufactured goods, consumer goods, and a substantial amount of food. Over the years, it has had difficulty servicing its external debt and has relied heavily on concessional aid and debt rescheduling. Sao Tome benefited from $200 million in debt relief in December 2000 under the Highly Indebted Poor Countries (HIPC) program, which helped bring down the country's $300 million debt burden. In August 2005, Sao Tome signed on to a new 3-year IMF Poverty Reduction and Growth Facility (PRGF) program worth $4.3 million. Considerable potential exists for development of a tourist industry, and the government has taken steps to expand facilities in recent years. The government also has attempted to reduce price controls and subsidies. Sao Tome is optimistic about the development of petroleum resources in its territorial waters in the oil-rich Gulf of Guinea, which are being jointly developed in a 60-40 split with Nigeria. The first production licenses were sold in 2004, though a dispute over licensing with Nigeria delayed Sao Tome's receipt of more than $20 million in signing bonuses for almost a year. Real GDP growth exceeded 6% in 2007, as a result of increases in public expenditures and oil-related capital investment. |
|
Definition: Economy > Economy > Overview |
Exchange rates
dobras per US dollar - 9,900.4 (2004), 9,347.6 (2003), 9,088.3 (2002), 8,842.1 (2001), 7,978.2 (2000) |
|
Definition: Economy > Exchange rates |
|
Exports
|
$9,000,000.00 |
|
[153rd of 189]
|
|
Definition: Economy > Exports |
|
Exports to US
|
$100,000.00 |
|
[202nd of 224]
|
|
Definition: Economy > Exports to US |
|
GDP
|
$122,642,700.00 |
|
[170th of 203]
|
|
Definition: Economy > GDP |
|
GDP (purchasing power parity)
|
$256,000,000.00 |
|
[187th of 187]
|
|
Definition: Economy > GDP (purchasing power parity) |
|
GDP > Real growth rate
|
6% |
|
[82nd of 198]
|
|
Definition: Economy > GDP > Real growth rate |
|
GDP growth > annual %
|
3.2 annual %
|
|
[117th of 187]
|
|
Definition: Economy > GDP growth > annual % |
|
GDP per capita, PPP > current international $
|
2,178.45 PPP $
|
|
[118th of 169]
|
|
Definition: Economy > GDP per capita, PPP > current international $ |
|
Gross National Income
|
$42,784,200.00 |
|
[170th of 172]
|
|
Definition: Economy > Gross National Income |
|
Gross national income > constant LCU
|
12721960000 |
|
|
|
Definition: Economy > Gross national income > constant LCU |
|
Human Development Index
|
0.604 |
|
[127th of 178]
|
|
Definition: Economy > Human Development Index |
|
Inflation rate (consumer prices)
|
18% |
|
[5th of 192]
|
|
Definition: Economy > Inflation rate (consumer prices) |
|
Population below poverty line
|
54% |
|
[9th of 46]
|
|
Definition: Economy > Population below poverty line |
|
Total reserves minus gold > current US$
|
26,702,730 $
|
|
[172nd of 178]
|
|
Definition: Economy > Total reserves minus gold > current US$ |
|
Tourist arrivals
|
2,000 |
|
[152nd of 152]
|
|
Definition: Economy > Tourist arrivals |
del.icio.us
Feeds |
Contact