Sao Tome and Principe [+]Compare [E]dit [H]istory

Aliases: Democratic Republic of Sao Tome and Principe, Republica Democratica de Sao Tome e Principe, Sao Tome e Principe

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Object «Sao Tome and Principe» has attributes

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
  • Portuguese
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.

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