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Published:
Last Updated:
20 Sep 2019

African Development Bank Outlook: Sao Tome and Príncipe

São Tomé and Principe (STP), located on the Equator off the coast of West Africa, is Africa’s smallest country in terms of population, with an estimated Gross Domestic Product (GDP) of USD 253 million and GDP per capita of USD 1 222 in 2011. The country is considered a fragile state according to the harmonized African Development Bank (AfDB) and World Bank Country Policy and Institutional Assessment (CPIA) score, which was below 3.2 in 2010. Looking forward, growth is expected to increase slightly to 4.4% and 4.6% in 2012 and 2013, respectively. These estimates are based on continued prudent fiscal policy, a projected increase in the oil signature bonus as well as investments in agriculture and infrastructure.

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Knowledge Lab
Sao Tome & Principe
Knowledge Lab
Sao Tome & Principe