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Economy of Central African Republic vs Sao Tome and Principe compared: GDP & Debt

Updated on by Georank team

The Central African Republic has a GDP of $2.75B compared to $764M for Sao Tome and Principe, ranking 171/197 and 189/197 by economy size, respectively.

The Central African Republic has $1.67B in government debt (58.3% of GDP), compared to $332M (37.3% of GDP) in Sao Tome and Principe.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Central African Republic
GDP, current $

GDP, constant 2015 $
Sao Tome and Principe
GDP, current $

GDP, constant 2015 $
Year GDP
CAR Sao Tome
Current $ Constant $ Current $ Constant $
1960 $112,155,598 $980,371,514 - -
1961 $123,134,583 $1,028,934,744 - -
1962 $124,482,774 $990,722,164 - -
1963 $129,379,124 $983,717,651 - -
1964 $142,025,079 $1,004,182,172 - -
1965 $150,574,795 $1,013,697,588 - -
1966 $157,930,018 $1,020,233,745 - -
1967 $163,820,514 $1,067,946,130 - -
1968 $191,767,442 $1,082,941,303 - -
1969 $188,039,210 $1,159,738,546 - -
1970 $189,106,529 $1,186,793,864 $37,211,826 $76,468,736
1971 $201,450,800 $1,200,207,037 $37,288,845 $80,579,183
1972 $230,317,883 $1,200,196,629 $41,430,257 $82,425,279
1973 $271,183,082 $1,222,867,623 $56,011,245 $83,737,737
1974 $281,398,706 $1,300,385,612 $57,817,591 $88,497,202
1975 $378,660,016 $1,305,652,006 $60,101,710 $93,256,667
1976 $451,152,461 $1,376,581,800 $52,039,421 $94,785,465
1977 $507,298,148 $1,428,977,737 $49,207,692 $116,981,878
1978 $610,578,632 $1,446,257,442 $55,044,563 $120,371,194
1979 $700,764,748 $1,410,605,203 $65,755,928 $140,043,649
1980 $797,048,199 $1,347,429,290 $81,662,231 $138,529,274
1981 $694,803,623 $1,326,618,708 $83,499,264 $124,241,500
1982 $748,312,391 $1,428,977,737 $80,307,763 $128,084,021
1983 $658,679,333 $1,312,851,667 $75,110,289 $123,122,082
1984 $637,820,670 $1,437,332,673 $78,213,796 $115,697,255
1985 $864,849,836 $1,493,779,883 $82,733,069 $126,456,967
1986 $1,122,265,013 $1,547,227,017 $115,928,907 $119,081,847
1987 $1,200,991,978 $1,470,809,662 $115,952,925 $115,592,613
1988 $1,264,899,288 $1,495,962,938 $99,000,764 $117,902,998
1989 $1,233,930,281 $1,525,542,171 $98,545,367 $121,599,629
1990 $1,440,711,459 $1,492,780,725 $119,297,933 $118,982,020
1991 $1,377,374,987 $1,484,532,469 $107,484,143 $120,410,999
1992 $1,411,917,553 $1,389,164,943 $94,861,781 $121,253,872
1993 $1,278,781,262 $1,393,822,475 $125,742,229 $122,587,663
1994 $851,174,357 $1,462,119,071 $131,338,415 $125,284,594
1995 $1,115,389,674 $1,567,392,310 $103,695,237 $127,790,288
1996 $1,007,791,127 $1,504,695,161 $135,188,166 $129,707,144
1997 $937,741,513 $1,584,443,042 $91,920,274 $130,999,443
1998 $967,338,390 $1,658,914,120 $72,285,404 $134,274,413
1999 $999,477,511 $1,718,634,612 $77,302,212 $137,631,282
2000 $916,777,283 $1,675,850,365 $76,198,395 $138,248,377
2001 $932,648,605 $1,750,672,710 $75,951,133 $142,484,975
2002 $996,068,145 $1,813,986,527 $85,171,074 $147,272,738
2003 $1,142,315,523 $1,716,076,873 $102,085,769 $159,483,886
2004 $1,272,360,517 $1,818,953,694 $114,582,284 $165,126,276
2005 $1,337,894,379 $1,835,473,623 $136,450,662 $176,048,759
2006 $1,461,859,762 $1,923,045,638 $142,775,104 $191,657,435
2007 $1,699,811,295 $2,011,650,636 $149,146,919 $198,636,586
2008 $1,993,407,888 $2,052,972,574 $188,021,165 $211,009,232
2009 $2,067,381,665 $2,229,266,676 $200,668,065 $217,977,601
2010 $2,142,591,540 $2,332,499,968 $190,021,192 $221,134,909
2011 $2,437,982,705 $2,430,339,369 $226,455,001 $225,556,351
2012 $2,510,126,512 $2,553,162,919 $229,371,348 $232,194,345
2013 $1,691,544,110 $1,624,016,454 $267,041,748 $244,081,947
2014 $1,894,813,389 $1,625,333,053 $293,119,143 $256,057,121
2015 $1,695,825,714 $1,695,825,714 $259,999,643 $259,999,643
2016 $1,825,018,145 $1,776,382,809 $292,267,272 $273,459,369
2017 $2,072,349,973 $1,856,804,601 $322,002,845 $284,706,697
2018 $2,220,979,146 $1,927,167,164 $383,717,328 $297,171,521
2019 $2,221,301,351 $1,986,909,346 $412,976,083 $303,157,496
2020 $2,326,720,900 $2,004,791,530 $471,229,485 $311,114,955
2021 $2,516,498,412 $2,024,497,026 $524,402,456 $317,023,958
2022 $2,382,618,615 $2,033,686,257 $540,809,499 $317,558,772
2023 $2,555,492,086 $2,047,921,418 $678,976,265 $318,740,894
2024 $2,751,544,520 $2,079,451,881 $764,274,043 $321,609,564

Economic indicators

CAR Sao Tome
Gross domestic product
$2.75B
2024
$764M
2024
GDP rank
171/197
2024
189/197
2024
GDP growth
7.67%
2023-2024
12.6%
2023-2024
GDP per capita
$516
2024
$3,245
2024
GDP per capita rank
194/197
2024
138/197
2024
GDP per capita, PPP
$1,264
2024
$6,230
2024
Government debt
$1.67B
2024
$332M
2024
Debt-to-GDP ratio
58.3%
2025
37.3%
2025
Government debt per person
$313
2024
$1,410
2024
Government debt per person rank
178/185
2024
133/185
2024
Average annual personal income after taxes
$1,261
2025
$2,715
2025
Income share by richest 10%
33.1%
2021
32.8%
2017
Income share by poorest 10%
2.1%
2021
2.6%
2017
Government expenditure, % of GDP
17.9%
2025
24.5%
2025
Consumer prices inflation
4.6%
2024-2025
9.7%
2024-2025
Unemployment rate
6.9%
2017
8.81%
2017
Population
5662456
244055

GDP per capita in Central African Republic vs Sao Tome and Principe

The Central African Republic's GDP per capita is $516, ranking 194/197, compared to $3,245 in Sao Tome and Principe, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), the Central African Republic ranks 195th at $1,264, while Sao Tome and Principe ranks 151st at $6,230.

Central African Republic
GDP per capita

GDP per capita, PPP
Sao Tome and Principe
GDP per capita

GDP per capita, PPP
Year Current $
CAR Sao Tome
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $65.9 - - -
1961 $71 - - -
1962 $70.4 - - -
1963 $71.8 - - -
1964 $77.2 - - -
1965 $80.2 - - -
1966 $82.3 - - -
1967 $83.6 - - -
1968 $95.6 - - -
1969 $91.7 - - -
1970 $90.2 - $479 -
1971 $94.1 - $470 -
1972 $105.5 - $511 -
1973 $121.8 - $676 -
1974 $124 - $683 -
1975 $163.6 - $693 -
1976 $192.1 - $585 -
1977 $213.8 - $539 -
1978 $254.6 - $587 -
1979 $289.1 - $683 -
1980 $325 - $829 -
1981 $280.3 - $830 -
1982 $298.4 - $783 -
1983 $259.6 - $720 -
1984 $248.3 - $735 -
1985 $333 - $761 -
1986 $426 - $1,043 -
1987 $450 - $1,018 -
1988 $466 - $847 -
1989 $443 - $821 -
1990 $502 $620 $970 $1,504
1991 $465 $618 $855 $1,540
1992 $462 $573 $740 $1,556
1993 $405 $570 $964 $1,581
1994 $261.3 $592 $990 $1,623
1995 $333 $631 $769 $1,663
1996 $293.3 $601 $987 $1,693
1997 $265.5 $626 $662 $1,714
1998 $266.6 $645 $514 $1,754
1999 $268 $660 $543 $1,802
2000 $239.2 $640 $529 $1,830
2001 $238 $668 $519 $1,898
2002 $248.6 $688 $568 $1,945
2003 $278.4 $648 $664 $2,094
2004 $303 $690 $727 $2,171
2005 $312 $702 $844 $2,329
2006 $334 $743 $862 $2,551
2007 $381 $783 $879 $2,650
2008 $437 $798 $1,082 $2,802
2009 $456 $877 $1,128 $2,846
2010 $477 $936 $1,045 $2,859
2011 $534 $980 $1,220 $2,914
2012 $544 $1,062 $1,211 $2,695
2013 $364 $710 $1,383 $2,946
2014 $410 $699 $1,490 $3,233
2015 $366 $769 $1,298 $3,172
2016 $387 $826 $1,435 $3,320
2017 $432 $884 $1,556 $3,436
2018 $455 $906 $1,826 $3,941
2019 $449 $985 $1,935 $4,655
2020 $463 $1,066 $2,167 $5,145
2021 $492 $1,129 $2,363 $5,733
2022 $467 $1,218 $2,390 $6,034
2023 $496 $1,257 $2,941 $6,150
2024 $516 $1,264 $3,245 $6,230

Spending and national debt comparison

In 2024, the Central African Republic's government spending was $538M, accounting for 17.9% of its GDP, while Sao Tome and Principe's spent $148M, or 24.5% of GDP.

Debt-to-GDP ratio is 58.3% in the Central African Republic and 37.3% in Sao Tome and Principe, ranking 87/185 and 141/185, respectively.

Central African Republic
Government spending

Government debt
Sao Tome and Principe
Government spending

Government debt
Year % of GDP
CAR Sao Tome
Government spending Government debt Government spending Government debt
1988 21.4% 48.8% - -
1989 19.6% 50.9% - -
1990 22% 44.6% - -
1991 22.6% 55.8% - -
1992 23.1% 57.4% - -
1993 20.6% 68.2% - -
1994 22.4% 103.4% - -
1995 20.6% 83.8% - -
1996 11.7% 93% - -
1997 14.5% 96.1% - -
1998 18.1% 85.3% - -
1999 18.2% 84.2% - -
2000 17.2% 94.7% 10.7% -
2001 14.1% 103.1% 52.8% 418%
2002 16.7% 98.5% 44.3% 367%
2003 12.3% 95.9% 51.9% 329%
2004 13.1% 99.7% 60.6% 354%
2005 16.2% 103% 43.7% 334%
2006 13.4% 46.7% 32.5% 283.2%
2007 12.9% 47.9% 38.9% 110.1%
2008 16% 35.8% 30.4% 60.7%
2009 16% 20.3% 48.6% 70.3%
2010 17.3% 19.9% 51.7% 83%
2011 14.2% 19.7% 53.4% 86%
2012 14.7% 31.5% 50.5% 86.3%
2013 13.4% 51.8% 35.5% 77.1%
2014 18% 62.2% 36% 67.4%
2015 14% 59.8% 41.6% 84.3%
2016 12.1% 53.9% 38.3% 81.7%
2017 13.9% 50.3% 31.9% 74.7%
2018 17.6% 50% 28% 71.5%
2019 16.9% 48.2% 22.8% 76.4%
2020 25.1% 44.4% 23.2% 70.8%
2021 19.7% 48.5% 25.6% 59.2%
2022 17.6% 51% 27.7% 55.1%
2023 18.1% 58.2% 24.3% 44.7%
2024 19.5% 60.7% 19.3% 43.5%
2025 17.9% 58.3% 24.5% 37.3%

Government deficit by year

In 2024, the Central African Republic's government deficit, the difference between spending and revenue, was -$137M, equivalent to -4.98% of GDP. This compares to Sao Tome and Principe's surplus of $7.16M, or 0.94% of GDP.

Over the past 25 years, the Central African Republic recorded a fiscal deficit in 21 of those years, while Sao Tome and Principe ran a deficit in 17 years. On average, the Central African Republic posted an annual deficit equal to -1.54% of GDP, compared to surplus of +3.63% of GDP for Sao Tome and Principe.

Deficit/surplus
Central African Republic

Sao Tome and Principe
Year Deficit/surplus, % of GDP
CAR Sao Tome
1988 -3.72% -
1989 -3.25% -
1990 -6.6% -
1991 -8% -
1992 -7.33% -
1993 -5.66% -
1994 -7.57% -
1995 -4.84% -
1996 -1.06% -
1997 -1.57% -
1998 0.001% -
1999 -0.5% -
2000 -2.01% 51.5%
2001 -0.88% -13.5%
2002 -1.19% -10.4%
2003 -3.06% -15.9%
2004 -1.74% -25.1%
2005 -4.37% 26.8%
2006 8.58% 18%
2007 1.04% 125.1%
2008 -1.23% 13.6%
2009 -0.54% -18%
2010 -1.35% -12.1%
2011 -2.15% -13%
2012 -0.78% -12.3%
2013 -2.3% 2.13%
2014 -3.26% -6.27%
2015 -0.59% -7.6%
2016 1.28% -5.01%
2017 -1.06% -3.11%
2018 -0.97% -2.02%
2019 1.42% -0.07%
2020 -3.36% 2.94%
2021 -6.02% -1.52%
2022 -5.34% -2.24%
2023 -3.59% -2.17%
2024 -4.98% 0.94%
2025 -1.62% 2.56%

Inflation comparison by year

Over the past 30 years, the Central African Republic has recorded an average annual inflation rate of 3.4%, compared with 16.4% in Sao Tome and Principe. In 2025, inflation was 4.6% in the Central African Republic and 9.7% in Sao Tome and Principe.

Inflation
Central African Republic

Sao Tome and Principe
Year Inflation
CAR Sao Tome CAR Sao Tome
1996 3.8% 42%
1997 1.6% 69%
1998 -2% 42.1%
1999 -1.6% 11%
2000 3.4% 11%
2001 4.1% 9.2%
2002 2.3% 10.1%
2003 4.4% 9.8%
2004 -2.6% 13.3%
2005 2.9% 17.2%
2006 6.9% 23.1%
2007 0.9% 18.6%
2008 9.2% 32%
2009 3.6% 17%
2010 1.5% 13.3%
2011 1.2% 14.3%
2012 5.9% 10.6%
2013 4% 8.1%
2014 17.8% 7%
2015 1.4% 6.1%
2016 4.9% 5.4%
2017 4.2% 5.7%
2018 1.6% 7.9%
2019 2.8% 7.7%
2020 0.9% 9.8%
2021 4.3% 8.1%
2022 5.6% 18%
2023 3% 21.2%
2024 1.5% 14.4%
2025 4.6% 9.7%

Balance of trade

CAR Sao Tome
Current account balance
-$24.7M
1994
-$79.4M
2022
Current account balance ranking
78/189
1994
85/189
2022
Current account balance, % of GDP
-2.9%
1994
-14.7%
2022
Goods imports
$131M
1994
$165M
2022
Goods exports
$146M
1994
$21.9M
2022
Service imports
$114M
1994
$54.6M
2022
Service exports
$33.1M
1994
$75.1M
2022
Imports of goods and services, % of GDP
32.4%
2024
n/a
Exports of goods and services, % of GDP
15.5%
2024
10%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

CAR Sao Tome
Economic freedom 42.8 60.4
Economic freedom ranking 184/197 93/197
Property rights 6.9 53
Government integrity 19.6 47.7
Judicial effectiveness 4 60.6
Tax burden 65.5 88.6
Government spending 89.8 81.5
Fiscal health 53.8 93.6
Business freedom 27.1 52.8
Labor freedom 48.3 45.2
Monetary freedom 72.8 57.2
Trade freedom 50.4 65
Investment freedom 45 50
Financial freedom 30 30

Economic freedom by year comparison

The Economic Freedom Index for the Central African Republic is 42.8, ranking 184/197, compared to 60.4 for Sao Tome and Principe, ranking 93/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Central African Republic
Sao Tome and Principe
Year Economic freedom index
CAR Sao Tome
2002 59.8 -
2003 60 -
2004 57.5 -
2005 56.5 -
2006 54.2 -
2007 50.6 -
2008 48.6 -
2009 48.3 43.8
2010 48.4 48.8
2011 49.3 49.5
2012 50.3 50.2
2013 50.4 48
2014 46.7 48.8
2015 45.9 53.3
2016 45.2 56.7
2017 51.8 55.4
2018 49.2 53.6
2019 49.1 54
2020 50.7 56.2
2021 48.8 55.9
2022 45.7 60.3
2023 43.8 61.5
2024 41.3 60.5
2025 42.8 60.4

More economic indicators

CAR Sao Tome
Services, % of GDP
40.5%
2024
76.6%
2024
Industry, % of GDP
17.8%
2024
2.91%
2024
Agriculture, forestry, and fishing, % of GDP
32.5%
2024
12.8%
2024
GNI, Atlas method
$2.75B
2024
$653M
2024
GNI per capita, PPP
$1,340
2024
$6,220
2024
Total reserves including gold
$480M
2023
$46.2M
2023
Total reserves ranking
158/177
2023
176/177
2023
Net foreign direct investment
$3.6M
1994
-$127M
2022
Net inflows of foreign direct investment
$40.4M
2024
$21.9M
2024
Net outflows of foreign direct investment
$1.29K
2002
$1.8M
2024
Servicing debt to the IMF, % of GNI
1.41%
2023
0.94%
2023
Poverty at national poverty lines
68.8%
2021
66.2%
2020
Gross capital formation, % of GDP
15.4%
2024
n/a

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.