Economic information of Sao Tome and Principe

Sao Tome and Principe is an island country located off the west coast of Africa. The country's official language is Portuguese and its population is approximately 220,000. The economy of Sao Tome and Principe is largely based on agriculture, fishing and tourism. Major agricultural products include cocoa, coffee, palm oil, coconut and fruits. The agricultural sector accounts for approximately 70% of the country's total employment. Tourism potential in the country is quite high. It attracts the attention of tourists with its white sandy beaches, natural beauties and historical heritage. However, infrastructure deficiencies and transportation problems limit the development of the tourism sector. The economic growth of Sao Tome and Principe is not occurring steadily. The country has an economy based on foreign aid and exports. Foreign aid and fishing revenues contribute to the country's economic growth. Additionally, the oil industry has gained importance with the discovery of oil reserves in recent years. The country's economic challenges include high unemployment, poverty, low living standards and limited infrastructure. The government is implementing various reforms to stimulate economic growth, attract investments and support sustainable development.

What are the types of companies in Sao Tome and Principe?

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Economic information of Sao Tome and Principe

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Information about Sao Tome and Principe Minimum wage and taxes.

Detailed information about Sao Tome and Principe Education.

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Sao Tome and Principe Countries with which it is friends and foes