Sao Tome and Principe recorded a Government Budget deficit equal to 1.90 percent of the country's Gross Domestic Product in 2019.

Government Budget in Sao Tome and Principe averaged 2.21 percent of GDP from 2002 until 2019, reaching an all time high of 121.50 percent of GDP in 2007 and a record low of -17.30 percent of GDP in 2009. This page provides - Sao Tome and Principe Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sao Tome and Principe Government Budget - values, historical data and charts - was last updated on July of 2020.

Government Budget in Sao Tome and Principe is expected to reach -20.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sao Tome and Principe Government Budget is projected to trend around -15.00 percent of GDP in 2021 and -12.00 percent of GDP in 2022, according to our econometric models.

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Sao Tome and Principe Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.90 -2.10 121.50 -17.30 2002 - 2019 percent of GDP Yearly

Sao Tome and Principe Government Last Previous Highest Lowest Unit
Government Debt to GDP 73.10 70.60 309.20 33.30 percent [+]
Government Budget -1.90 -2.10 121.50 -17.30 percent of GDP [+]
Credit Rating 15.00 [+]


Sao Tome and Principe Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.