Attribute | Value |
---|---|
Geography | |
Area | 964 km² |
Continent | Africa |
Land area | 964 km² |
Water area | 0 km² |
Land boundaries | 0 km |
Border countries | Add |
Coastline | 209 km |
Mean elevation | Add |
Lowest point | 0 m |
Highest point | 2,024 m |
People | |
Population | 211,122 |
Official languages |
|
Religion | Catholic |
Government | |
Long country name | Democratic Republic of Sao Tome and Principe |
Short country name | Sao Tome and Principe |
Long local name | Republica Democratica de Sao Tome e Principe |
Short local name | Sao Tome e Principe |
Former name | Add |
Government type | Semi-presidential republic |
Capital | Sao Tome |
Economy | |
GDP (PPP) | 686,000,000 USD |
GDP (OER) | 393,000,000 USD |
GDP (real growth rate) | 3.9 % |
GDP - per capita (PPP) | 3,200 USD |
Gross national saving | 18.7 % of GDP |
Labor force | 72,600 |
Unemployment rate | 12.2 % |
Population below poverty line | 66.2 % |
Budget revenues | 103,000,000 USD |
Budget expenditures | 112,400,000 USD |
Military expenditures | Add |
Taxes and other revenues | 26.2 % of GDP |
Budget surplus or deficit | -2.4 % of GDP |
Public debt | 88.4 % of GDP |
Inflation rate | 5.7 % |
Central bank discount rate | 16 % |
Commercial bank prime lending rate | 19.61 % |
Stock of narrow money | 75,380,000 USD |
Stock of broad money | 75,380,000 USD |
Stock of domestic credit | 96,030,000 USD |
Market value of publicly traded shares | Add |
Current account balance | -32,000,000 USD |
Exports | 15,600,000 USD |
Imports | 127,700,000 USD |
Reserves of foreign exchange and gold | 58,950,000 USD |
External debt | 292,900,000 USD |
National currency | dobras |
National currency (code) | STD |
National currency (symbol) | Db |
National currency rate to USD | 22 |
Discovered and claimed by Portugal in the late 15th century, the islands' sugar-based economy gave way to coffee and cocoa in the 19th century - all grown with African plantation slave labor, a form of which lingered into the 20th century. While independence was achieved in 1975, democratic reforms were not instituted until the late 1980s. The country held its first free elections in 1991, but frequent internal wrangling between the various political parties precipitated repeated changes in leadership and four failed, non-violent coup attempts in 1995, 1998, 2003, and 2009. In 2012, three opposition parties combined in a no confidence vote to bring down the majority government of former Prime Minister Patrice TROVOADA, but in 2014, legislative elections returned him to the office. President Evaristo CARVALHO, of the same political party as Prime Minister TROVOADA, was elected in September 2016, marking a rare instance in which the positions of president and prime minister are held by the same party. Prime Minister TROVOADA resigned at the end of 2018 and was replaced by Jorge BOM JESUS. New oil discoveries in the Gulf of Guinea may attract increased attention to the small island nation.