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São Tomé and Príncipe · Economy

São Tomé and Príncipe economy: GDP, investment, trade and remittances

How large the São Tomé and Príncipe economy is and how fast it is growing, who invests in it, what it sells and buys, how much its citizens abroad send home, who it owes and what it holds in reserve. The latest published year is shown with each figure.

GDP
US$981 million
current US$, 2025
Real GDP growth
1.0%
2025
GDP per person
US$4,084
current US$, 2025
Exports of goods
US$31 million
2025
Remittances received
US$36 million
2025, 3.7% of GDP
Foreign direct investment, net inflows
US$103 million
2025, 10.5% of GDP

São Tomé and Príncipe economy snapshot: GDP, growth and income per person

São Tomé and Príncipe's GDP was US$981 million in 2025, after real growth of 1.0%.

GDP

Current US dollars.

0250m500m750m1.0bn201520172019202120232025GDP 2015: US$260 millionGDP 2016: US$292 millionGDP 2017: US$322 millionGDP 2018: US$384 millionGDP 2019: US$413 millionGDP 2020: US$471 millionGDP 2021: US$524 millionGDP 2022: US$541 millionGDP 2023: US$690 millionGDP 2024: US$825 millionGDP 2025: US$981 million

Real GDP growth

Annual change, per cent. Red bars are contractions.

0%2%4%6%201520172019202120232025Real GDP growth 2015: 1.5%Real GDP growth 2016: 5.2%Real GDP growth 2017: 4.1%Real GDP growth 2018: 4.4%Real GDP growth 2019: 2.0%Real GDP growth 2020: 2.6%Real GDP growth 2021: 1.9%Real GDP growth 2022: 0.2%Real GDP growth 2023: 0.4%Real GDP growth 2024: 1.5%Real GDP growth 2025: 1.0%

GDP per person

Current US dollars.

02k4k6k201520172019202120232025GDP per person 2015: US$1,298GDP per person 2016: US$1,435GDP per person 2017: US$1,556GDP per person 2018: US$1,826GDP per person 2019: US$1,935GDP per person 2020: US$2,167GDP per person 2021: US$2,363GDP per person 2022: US$2,390GDP per person 2023: US$2,991GDP per person 2024: US$3,503GDP per person 2025: US$4,084

Source: World Bank, 2025. Method

Who invests in São Tomé and Príncipe and in what

Direct investment by investing country

Portugal was the largest investing country in São Tomé and Príncipe, at 69% of inward direct investment positions in 2024.

Inward direct investment positions in São Tomé and Príncipe at the end of 2024: the stock of foreign direct investment, not a year's new flow. The 6 largest investing countries.

The IMF data holds no positions reported by São Tomé and Príncipe itself. The figures are derived by the IMF from what the investing countries report, so they are shown as reported by investing countries.

PortugalUS$93 million69.0%
United StatesUS$25 million18.6%
LuxembourgUS$16 million12.3%
South KoreaUS$199 thousand0.1%
ItalyUS$56 thousand0.0%
NigeriaUS$32 thousand0.0%

Source: IMF, 2024. Method

What São Tomé and Príncipe sells and buys

Cocoa and cocoa products was 73% of exports in 2025.

São Tomé and Príncipe sold the most to Netherlands, 62% of exports in 2025.

Exports by product, 2025

Tile area follows value. Each tile is a customs chapter of the Harmonized System; hover for the full name.

Cocoa and cocoa preparations: US$23 million, 73.3%Cocoa and cocoa products73%Animal, vegetable or microbial fats and oils and their cleavage products: US$4.8 million, 15.1%Fats and oils15%Oil seeds and oleaginous fruits: US$1.8 million, 5.6%Coffee, tea, mate and spices: US$562 thousand, 1.8%Coffee,…2%Electrical machinery and equipment and parts thereof: US$342 thousand, 1.1%Mineral fuels, mineral oils and products of their distillation: US$303 thousand, 1.0%Vehicles: US$297 thousand, 0.9%Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus: US$72 thousand, 0.2%Machinery and mechanical appliances, boilers, nuclear reactors: US$66 thousand, 0.2%Aircraft, spacecraft, and parts thereof: US$58 thousand, 0.2%Food industries, residues and wastes thereof: US$36 thousand, 0.1%Iron and steel: US$35 thousand, 0.1%All other chapters: US$96 thousand, 0.3%

Source: UN Comtrade, 2025. Method

Top buyers, 2025

Share of São Tomé and Príncipe's exports.

NetherlandsUS$20 million62.3%
GermanyUS$4.1 million13.2%
BelgiumUS$3.2 million10.3%
LatviaUS$1.2 million3.7%
United Arab EmiratesUS$844 thousand2.7%
SpainUS$486 thousand1.5%
FranceUS$394 thousand1.3%
PortugalUS$362 thousand1.2%
EswatiniUS$282 thousand0.9%
CameroonUS$231 thousand0.7%

Top suppliers, 2025

Share of São Tomé and Príncipe's imports.

PortugalUS$79 million38.2%
TogoUS$29 million13.9%
ChinaUS$21 million10.0%
AngolaUS$21 million10.0%
TurkeyUS$14 million6.6%
BrazilUS$5.0 million2.4%
Equatorial GuineaUS$4.8 million2.4%
JapanUS$3.4 million1.6%
IndiaUS$2.9 million1.4%
GabonUS$2.4 million1.2%

Source: UN Comtrade, 2025. Method

What São Tomé and Príncipe buys, 2025

The 8 largest product chapters in imports.

Mineral fuels and oilsUS$44 million21.5%
Electrical machinery and equipmentUS$17 million8.5%
BeveragesUS$14 million6.7%
Machinery and mechanical appliancesUS$14 million6.6%
CerealsUS$13 million6.4%
VehiclesUS$13 million6.1%
Salt, sulphur, earth and stoneUS$7.4 million3.6%
Products of the milling industryUS$6.5 million3.2%

Source: UN Comtrade, 2025. Method

Trade balance of goods

Exports minus imports. Red bars are years when imports were larger. A year is left out when either side is not published.

-200m-150m-100m-50m0201520172019202120232025Trade balance 2015: -US$133 million (exports US$9.2 million, imports US$142 million)Trade balance 2016: -US$129 million (exports US$10 million, imports US$139 million)Trade balance 2017: -US$136 million (exports US$11 million, imports US$147 million)Trade balance 2018: -US$136 million (exports US$12 million, imports US$148 million)Trade balance 2019: -US$138 million (exports US$9.9 million, imports US$148 million)Trade balance 2020: -US$126 million (exports US$12 million, imports US$138 million)Trade balance 2021: -US$147 million (exports US$19 million, imports US$166 million)Trade balance 2022: -US$174 million (exports US$23 million, imports US$196 million)Trade balance 2023: -US$167 million (exports US$17 million, imports US$184 million)Trade balance 2024: -US$177 million (exports US$25 million, imports US$203 million)Trade balance 2025: -US$174 million (exports US$31 million, imports US$206 million)

Source: UN Comtrade, 2025. Method

Remittances against foreign direct investment in São Tomé and Príncipe

Foreign direct investment in São Tomé and Príncipe was 2.9 times remittances in 2025.

Remittances receivedForeign direct investment, net inflows
050m100m150m201520172019202120232025Remittances 2015: US$20 millionRemittances 2016: US$18 millionRemittances 2017: US$18 millionRemittances 2018: US$18 millionRemittances 2019: US$11 millionRemittances 2020: US$8.6 millionRemittances 2021: US$11 millionRemittances 2022: US$25 millionRemittances 2023: US$20 millionRemittances 2024: US$14 millionRemittances 2025: US$36 millionForeign direct investment 2015: US$28 millionForeign direct investment 2016: US$23 millionForeign direct investment 2017: US$34 millionForeign direct investment 2018: US$24 millionForeign direct investment 2019: US$24 millionForeign direct investment 2020: US$47 millionForeign direct investment 2021: US$59 millionForeign direct investment 2022: US$29 millionForeign direct investment 2023: US$12 millionForeign direct investment 2024: US$39 millionForeign direct investment 2025: US$103 million

Source: World Bank, 2026. Method

Remittances and investment as a share of GDP

The same two flows measured against the size of the economy.

Remittances, share of GDPForeign direct investment, share of GDP
0%5%10%15%201520172019202120232025Remittances 2015: 7.7%Remittances 2016: 6.2%Remittances 2017: 5.6%Remittances 2018: 4.6%Remittances 2019: 2.7%Remittances 2020: 1.8%Remittances 2021: 2.0%Remittances 2022: 4.7%Remittances 2023: 2.9%Remittances 2024: 1.7%Remittances 2025: 3.7%Foreign direct investment 2015: 10.7%Foreign direct investment 2016: 8.0%Foreign direct investment 2017: 10.6%Foreign direct investment 2018: 6.2%Foreign direct investment 2019: 5.9%Foreign direct investment 2020: 10.0%Foreign direct investment 2021: 11.3%Foreign direct investment 2022: 5.4%Foreign direct investment 2023: 1.8%Foreign direct investment 2024: 4.7%Foreign direct investment 2025: 10.5%

Source: World Bank, 2026. Method

Who São Tomé and Príncipe owes

External debt stock by type of creditor. Creditor types cover public and publicly guaranteed debt; the grey part is the rest of the total external debt stock. A creditor type with no published figure is not shown.

Bilateral creditors held 52% of São Tomé and Príncipe's external debt stock in 2024.

MultilateralBilateralCommercial banksRest of the totalPublic debt owed to China
0100m200m300m400m20152017201920212023Multilateral 2015: US$38 millionBilateral 2015: US$165 millionCommercial banks 2015: US$10 millionRest of the total 2015: US$21 millionMultilateral 2016: US$40 millionBilateral 2016: US$168 millionCommercial banks 2016: US$10 millionRest of the total 2016: US$23 millionMultilateral 2017: US$45 millionBilateral 2017: US$194 millionCommercial banks 2017: US$10 millionRest of the total 2017: US$24 millionMultilateral 2018: US$47 millionBilateral 2018: US$173 millionCommercial banks 2018: US$10 millionRest of the total 2018: US$26 millionMultilateral 2019: US$49 millionBilateral 2019: US$178 millionCommercial banks 2019: US$10 millionRest of the total 2019: US$39 millionMultilateral 2020: US$56 millionBilateral 2020: US$187 millionCommercial banks 2020: US$10 millionRest of the total 2020: US$60 millionMultilateral 2021: US$54 millionBilateral 2021: US$182 millionCommercial banks 2021: US$10 millionRest of the total 2021: US$82 millionMultilateral 2022: US$51 millionBilateral 2022: US$157 millionCommercial banks 2022: US$10 millionRest of the total 2022: US$69 millionMultilateral 2023: US$78 millionBilateral 2023: US$161 millionCommercial banks 2023: US$10 millionRest of the total 2023: US$70 millionMultilateral 2024: US$74 millionBilateral 2024: US$171 millionCommercial banks 2024: US$10 millionRest of the total 2024: US$72 millionPublic debt owed to China 2015: US$18 millionPublic debt owed to China 2016: US$18 millionPublic debt owed to China 2017: US$18 millionPublic debt owed to China 2018: US$0

Source: World Bank, 2026. Method

Reserves and months of import cover

Total reserves including gold, and how many months of imports they cover.

Reserves, US$Months of imports
020m40m60m80m024620152017201920212023Reserves 2015: US$73 millionReserves 2016: US$63 millionReserves 2017: US$59 millionReserves 2018: US$44 millionReserves 2019: US$47 millionReserves 2020: US$75 millionReserves 2021: US$75 millionReserves 2022: US$64 millionReserves 2023: US$46 millionReserves 2024: US$59 millionMonths of imports 2015: 4.6 monthsMonths of imports 2016: 4.0 monthsMonths of imports 2017: 3.6 monthsMonths of imports 2018: 2.6 monthsMonths of imports 2019: 2.9 monthsMonths of imports 2020: 5.5 monthsMonths of imports 2021: 4.4 monthsMonths of imports 2022: 3.3 monthsMonths of imports 2023: 2.2 monthsMonths of imports 2024: 2.7 months

Source: World Bank, 2026. Method

Aid received by São Tomé and Príncipe

Net official development assistance and official aid received.

025m50m75m100m20152017201920212023Aid received 2015: US$49 millionAid received 2016: US$47 millionAid received 2017: US$40 millionAid received 2018: US$52 millionAid received 2019: US$52 millionAid received 2020: US$93 millionAid received 2021: US$73 millionAid received 2022: US$55 millionAid received 2023: US$87 million

Source: World Bank, 2026. Method