Sao Tome and Principe recorded a Current Account deficit of 24.70 percent of the country's Gross Domestic Product in 2015.

Current Account to GDP in Sao Tome and Principe averaged -30.50 percent from 2001 until 2015, reaching an all time high of -14.10 percent in 2003 and a record low of -43 percent in 2011. This page provides - Sao Tome and Principe Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sao Tome and Principe Current Account to GDP - values, historical data and charts - was last updated on September of 2020.

Current Account to GDP in Sao Tome and Principe is expected to reach -12.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sao Tome and Principe Current Account to GDP is projected to trend around -10.00 percent in 2021 and -9.00 percent in 2022, according to our econometric models.

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Sao Tome and Principe Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-24.70 -31.70 -14.10 -43.00 2001 - 2015 percent Yearly

Sao Tome and Principe Trade Last Previous Highest Lowest Unit
Balance of Trade -22.50 -31.10 -1.55 -40.65 USD Million [+]
Current Account -89.15 -80.00 8.70 -103.94 USD Million [+]
Imports 24.42 33.42 42.28 3.23 USD Million [+]
Exports 1.91 2.32 6.43 0.10 USD Million [+]


Sao Tome and Principe Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.