SAO TOME & PRINCIPE

Country risk rating

C3

SENSITIVE RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 0.473bn (World ranking 199, World Bank 2020)
Population 0.219mn (World ranking 180, World Bank 2020)
Form of state Republic
Head of government Jorge Bom Jesus (Prime Minister)
Next elections 2021, presidential
  • Growth driven by agriculture (cocoa), tourism and foreign investment
  • Good relationship with Portuguese-speaking countries such as Angola
  • Fragile economy highly vulnerable to exogenous shocks and almost entirely dependent on foreign aid
  • A high poverty rate: About 2/3 of the population live with less than $3.2 per day
  • Limited availability of land and small workforce, which do not allow the country to diversify its economy
  • High export costs due to its isolated location, coupled with important piracy threats in the Gulf of Guinea
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