Sao Tome Principe Economy

Gross Domestic Product 2012

GDP (purchasing power parity): $403 million (2012est.)

GDP real growth rate: 4.5%

GDP per capita (PPP): $2,300

GDP composition by sector

Agriculture: 13.9%

Industry: 23.7%

Services: 62.4%

Inflation: 10.2%

Currency: Dobra (Db)

Business Languages

Portuguese is the official language, Creole, English and French are used as business languages

Transport

The main transport means used in Sao Tome Principe road transport and water transport.

Energy in Sao Tome Principe

The major sources of energy in Sao Tome Principe include; Hydro-electric which is 58%, Petroleum products at 42%, Biomass and oil.

Challenges

  • Poor education system
  • Lack of enough resource
  • Environmental issues like deforestation, soil erosion and exhaustion
  • Unemployment
  • Poverty

http://www.indexmundi.com/sao_tome_and_principe/economy_profile.html

 

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John Muhaise-Bikalemesa (JMB), is the founder of Muhaise.com blog and bigdrumassociates.com company. Learn more about him here and connect with him on his social medias below

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