São Tomé and Príncipe's GDP changed from approximately $69M in 1980 to $751M in 2024, showing an overall 988.4% sharply increased during the period.
The lowest GDP was recorded in 1980 at $69M, and the highest in 2024 at $751M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.6%.
For comparison, the average annual growth rate of Gabon was 3.5%, and that of Equatorial Guinea was 14.1%.
São Tomé and Príncipe GDP from 1980 to 2024
The total market value of goods and services produced annually in São Tomé and Príncipe.
Overview of São Tomé and Príncipe's GDP (1980–2024)
The Gross Domestic Product (GDP) of São Tomé and Príncipe recorded a 988.4% sharply increased from 1980 to 2024.
The average GDP during this period was $201M 133K, and the median was $125M.
GDP fluctuated within a range of $682M, with a standard deviation of $167M 579K.
The average annual change was $10M 323K.
Highest and Lowest GDP Records
- Lowest GDP: 1980, $69M
- Highest GDP: 2024, $751M
- Most Recent GDP: 2024, $751M
Notable Annual GDP Changes
- 2023: Significant increase in GDP
- 1997: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and São Tomé and Príncipe's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $416M → $476M
- Outcome: sharply increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $145M → $201M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $77M → $72M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $93M → $73M
- Outcome: sharply declined
Key Economic Indicators of São Tomé and Príncipe (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -1.08 % | $ 69M | $ 144M | $ 775.71 | $ 1,627.71 | 0 % | 89,000 people | -19.768 % | 0 % |
1981 | -10.314 % | $ 84M | $ 142M | $ 931.01 | $ 1,566.27 | 0 % | 90,000 people | -23.59 % | 0 % |
1982 | 3.093 % | $ 81M | $ 155M | $ 876.13 | $ 1,677.54 | 0 % | 92,000 people | -34.245 % | 0 % |
1983 | -3.874 % | $ 76M | $ 155M | $ 800.45 | $ 1,636.89 | 0 % | 95,000 people | -16.035 % | 0 % |
1984 | -6.03 % | $ 79M | $ 151M | $ 812.99 | $ 1,554.42 | 0 % | 97,000 people | -21.988 % | 0 % |
1985 | 9.3 % | $ 83M | $ 170M | $ 837.60 | $ 1,707.14 | 0 % | 99,000 people | -23.065 % | 0 % |
1986 | -5.832 % | $ 117M | $ 163M | $ 1,142.83 | $ 1,596.83 | 0 % | 102,000 people | -12.635 % | 0 % |
1987 | -2.93 % | $ 117M | $ 162M | $ 1,111.67 | $ 1,544.83 | 0 % | 105,000 people | -10.042 % | 0 % |
1988 | 1.999 % | $ 100M | $ 171M | $ 922.93 | $ 1,586.21 | 0 % | 108,000 people | -18.731 % | 0 % |
1989 | 3.135 % | $ 99M | $ 184M | $ 892.38 | $ 1,651.43 | 0 % | 111,000 people | -28.339 % | 0 % |
1990 | -2.153 % | $ 120M | $ 186M | $ 1,050.25 | $ 1,629.71 | 0 % | 114,000 people | -24.914 % | 0 % |
1991 | 1.201 % | $ 108M | $ 195M | $ 920.76 | $ 1,657.51 | 0 % | 118,000 people | -31.607 % | 0 % |
1992 | 0.7 % | $ 96M | $ 201M | $ 788.50 | $ 1,658.09 | 0 % | 121,000 people | -28.444 % | 0 % |
1993 | 1.1 % | $ 127M | $ 208M | $ 1,033.02 | $ 1,696.09 | 0 % | 123,000 people | -23.593 % | 0 % |
1994 | 2.2 % | $ 132M | $ 217M | $ 1,058.93 | $ 1,737.50 | 0 % | 125,000 people | -18.827 % | 0 % |
1995 | 2 % | $ 104M | $ 226M | $ 820.59 | $ 1,775.94 | 0 % | 127,000 people | -26.16 % | 0 % |
1996 | 1.5 % | $ 136M | $ 234M | $ 1,050.10 | $ 1,801.76 | 0 % | 130,000 people | -17.559 % | 0 % |
1997 | 0.996 % | $ 93M | $ 240M | $ 700.97 | $ 1,817.29 | 0 % | 132,000 people | -14.668 % | 0 % |
1998 | 2.5 % | $ 73M | $ 249M | $ 541.27 | $ 1,849.61 | 0 % | 135,000 people | -17.135 % | 0 % |
1999 | 2.5 % | $ 78M | $ 259M | $ 568.50 | $ 1,888.33 | 0 % | 137,000 people | -15.659 % | 0 % |