Economic Growth in Sao Tome and Principe
The economy of Sao Tome and Principe recorded an average growth rate of 3.5% in the decade to 2020. In 2020, the real GDP growth was 2.6%. For more GDP information, visit our dedicated page.
Sao Tome and Principe GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Sao Tome and Principe from 2016 to 2023.
Source: Macrobond.
Sao Tome and Principe GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 2.0 | 2.6 | 1.9 | 0.2 | 0.4 |
| GDP (USD bn) | 0.4 | 0.5 | 0.5 | 0.5 | 0.7 |
| GDP (LCU bn) | 9.1 | 10.2 | 10.9 | 12.7 | 15.5 |
| Economic Growth (Nominal GDP, ann. var. %) | 13.5 | 12.1 | 7.2 | 16.0 | 22.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Santomean GDP projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Santomean GDP.
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