GDP in Sao-tome and Principe increased by 3.1 percent in 2020 and fell back to 2.2 percent in 2021. Overall in 2020 and 2021, inflation remained unchanged at 9.4 percent and 9.5 percent respectively. The current account deficit declined marginally to 11.5 percent of GDP in 2021 from 11.6 percent in 2020. Gross international reserves declined slightly from US$91.8 million in 2020 to US$88.5 million in 2021 due to the reduction in aid. In 2020, the SDR allocation of about US$19.6 million is split evenly between investment projects and international reserves, which increased by 29.7 percent in 2020. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
Sao Tome and Principe does not have a stock market. The direct foreign investment flows will amount to 60,1 million $ in 2021 against 47,1 million $ in 2020, that is an increase of 27%.
