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Sao Tome and Principe

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Country summary

Capital

Sao Tome (São Tomé)

Borders

(N/A)

Government type

republic

Population

212,679 (July 2010 est.)[1]

Population growth

3.093% (2010 est.)[1]

Life expectancy

68.32 years[1]

Unemployment

NA%[1]

Index of Economic Freedom

149[2]

Corruption Perceptions Index

111[3]

Doing Business ranking

180[4]


Sao Tome and Principe (São Tomé e Príncipe) was 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 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 two failed coup attempts in 1995 and 2003. The recent discovery of oil in the Gulf of Guinea promises to attract increased attention to the small island nation.[1]

Economical characteristics[edit]

  • Currency: Dobra (ISO code: STD)
  • Central bank discount rate: 16% (31 December 2009)[1]
  • Commercial banks lending rate: 32.4% (31 December 2009 )[1]
  • Stock of money (M1): $27.84 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $36.95 million (31 December 2008)[1]

Notable events:[edit]

Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[6] 76.460 90.714 97.994 106.765 113.808 124.524 144.919 174.610
Govt. debt (% of GDP)[7]
Govt. revenue (% of GDP)[8]
Govt. expenses (% of GDP)[9]
Debt to revenue (years)

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Sao Tome and Principe", from The World Factbook. Referenced 2010-10-04.
  2. Heritage Foundation. "Sao Tome and Principe", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-21.
  3. Transparency International. "Sao Tome and Principe", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-04.
  4. Doing Business. "Sao Tome and Principe", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-21.
  5. Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 381. (The list does not claim to be complete.) Referenced 2011-07-21.
  6. World Bank. "Sao Tome and Principe: GDP", from World Bank Data. Referenced 2010-10-04.
  7. World Bank. "Sao Tome and Principe: government debt", from World Bank Data. Referenced 2010-10-04.
  8. World Bank. "Sao Tome and Principe: government revenue", from World Bank Data. Referenced 2010-10-04.
  9. World Bank. "Sao Tome and Principe: government expenses", from World Bank Data. Referenced 2010-10-04.

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