Source: world bank Nominal/PPP
Summary:
Sao Tome and Principe GDP Per Capita expanded from 1970 to 2024, increasing from $0.04 to $0.82 .The compound annual growth rate (CAGR) averaged 5.75% over the period. The economy recorded its peak level in 2024 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 50%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Sao Tome and Principe Economic Phases (1970 - 2024)
From 1970 to 2024, Sao Tome and Principe economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1972–1973) indicating robust economic expansion
- Expansion (1974–1975) indicating steady moderate growth
- High Growth (1978–1980) indicating robust economic expansion
- Contraction (1982–1983) indicating temporary slowdown
- High Growth (1985–1986) indicating robust economic expansion
- Crisis (1997–1998) indicating severe economic downturn
- Contraction (2000–2001) indicating temporary slowdown
- High Growth (2002–2005) indicating robust economic expansion
- Expansion (2006–2007) indicating steady moderate growth
- High Growth (2008–2009) indicating robust economic expansion
- High Growth (2013–2014) indicating robust economic expansion
- High Growth (2016–2021) indicating robust economic expansion
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 40.124%, while the largest decline was in 1997 at -32.006%.