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Economy of Netherlands vs Sao Tome and Principe compared: GDP & Debt

Updated on by Georank team

The Netherlands has a GDP of $1.21T compared to $822M for Sao Tome and Principe, ranking 19/197 and 189/197 by economy size, respectively.

The Netherlands has $532B in government debt (43.8% of GDP), compared to $533M (64.8% of GDP) in Sao Tome and Principe.

Netherlands vs Sao Tome and Principe GDP by year

Netherlands
Sao Tome and Principe
1x
Year GDP, current $
Netherlands Sao Tome
2024 $1,214,927,698,573 $822,154,621
2023 $1,135,475,867,551 $690,456,807
2022 $1,046,540,797,549 $540,809,499
2021 $1,054,472,123,450 $524,402,456
2020 $932,560,861,701 $471,229,485
2019 $928,903,005,576 $412,976,083
2018 $929,733,599,797 $383,717,328
2017 $848,233,537,846 $322,002,845
2016 $797,163,949,290 $292,267,272
2015 $775,743,675,303 $259,999,643
2014 $901,556,501,756 $293,119,143
2013 $883,951,539,007 $267,041,748
2012 $845,689,017,066 $225,815,132
2011 $913,140,741,333 $226,455,001
2010 $852,464,982,433 $190,021,192
2009 $878,954,223,140 $200,668,065
2008 $957,901,566,041 $188,021,165
2007 $853,499,460,873 $149,146,919
2006 $737,593,995,289 $142,775,104
2005 $688,133,699,636 $136,450,662
2004 $661,224,886,143 $114,582,284
2003 $582,435,617,082 $102,085,769
2002 $475,529,972,123 $85,171,074
2001 $432,536,219,669 $75,951,133
2000 $417,649,282,154 $76,198,395
1999 $447,778,514,140 $77,302,212
1998 $438,612,530,549 $72,285,404
1997 $417,506,211,882 $91,920,274
1996 $451,372,549,020 $135,188,166
1995 $452,967,334,614 $103,695,237
1994 $379,688,232,232 $131,338,415
1993 $354,070,495,966 $125,742,229
1992 $363,497,050,125 $94,861,781
1991 $327,982,316,124 $107,484,143
1990 $318,799,003,994 $119,297,933
1989 $258,716,904,292 $98,545,367
1988 $262,295,966,105 $99,000,764
1987 $245,406,949,521 $115,952,925
1986 $201,157,708,221 $115,928,907
1985 $144,057,523,222 $82,733,069
1984 $144,124,462,912 $78,213,796
1983 $153,671,294,109 $75,110,289
1982 $158,712,765,536 $80,307,763
1981 $164,375,775,854 $83,499,264
1980 $195,439,301,707 $81,662,231
1979 $179,933,827,310 $65,755,928
1978 $156,089,077,205 $55,044,563
1977 $127,203,923,857 $49,207,692
1976 $109,329,386,564 $52,039,421
1975 $100,397,061,694 $60,101,710
1974 $87,371,810,804 $57,817,591
1973 $71,946,639,603 $56,011,245
1972 $54,787,070,173 $41,430,257
1971 $44,644,730,576 $37,288,845
1970 $38,220,884,519 $37,211,826
1969 $34,086,038,090 -
1968 $30,097,635,751 -
1967 $27,143,828,099 -
1966 $24,741,480,717 -
1965 $22,721,869,808 -
1964 $20,232,048,553 -
1963 $17,193,744,109 -
1962 $15,847,582,341 -
1961 $14,599,836,396 -
1960 $13,282,979,015 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/netherlands/sao-tome-and-principe | CC BY

GDP per capita in Netherlands vs Sao Tome and Principe by year

Netherlands
GDP per capita

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

GDP per capita, PPP
1x
Year Current $
Netherlands Sao Tome
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $67,520 $86,174 $3,491 $6,242
2023 $63,516 $81,729 $2,991 $6,150
2022 $59,123 $78,630 $2,390 $6,034
2021 $60,142 $68,574 $2,363 $5,733
2020 $53,468 $62,597 $2,167 $5,145
2019 $53,555 $62,345 $1,935 $4,655
2018 $53,955 $58,819 $1,826 $3,941
2017 $49,514 $56,038 $1,556 $3,436
2016 $46,809 $53,162 $1,435 $3,320
2015 $45,794 $50,957 $1,298 $3,172
2014 $53,457 $49,751 $1,490 $3,233
2013 $52,602 $49,622 $1,383 $2,946
2012 $50,474 $47,653 $1,192 $2,653
2011 $54,702 $47,004 $1,220 $2,914
2010 $51,306 $45,301 $1,045 $2,859
2009 $53,172 $44,959 $1,128 $2,846
2008 $58,247 $46,714 $1,082 $2,802
2007 $52,101 $44,203 $879 $2,650
2006 $45,124 $41,208 $862 $2,551
2005 $42,165 $37,778 $844 $2,329
2004 $40,611 $35,961 $727 $2,171
2003 $35,897 $34,286 $664 $2,094
2002 $29,447 $34,568 $568 $1,945
2001 $26,956 $33,259 $519 $1,898
2000 $26,225 $31,895 $529 $1,830
1999 $28,319 $29,316 $543 $1,802
1998 $27,924 $27,749 $514 $1,754
1997 $26,745 $26,062 $662 $1,714
1996 $29,064 $24,564 $987 $1,693
1995 $29,301 $23,480 $769 $1,663
1994 $24,683 $22,414 $990 $1,623
1993 $23,156 $21,443 $964 $1,581
1992 $23,939 $20,831 $740 $1,556
1991 $21,764 $20,177 $855 $1,540
1990 $21,322 $19,203 $970 $1,504
1989 $17,423 - $821 -
1988 $17,771 - $847 -
1987 $16,734 - $1,018 -
1986 $13,804 - $1,043 -
1985 $9,941 - $761 -
1984 $9,992 - $735 -
1983 $10,696 - $720 -
1982 $11,089 - $783 -
1981 $11,537 - $830 -
1980 $13,812 - $829 -
1979 $12,817 - $683 -
1978 $11,196 - $587 -
1977 $9,180 - $539 -
1976 $7,937 - $585 -
1975 $7,346 - $693 -
1974 $6,450 - $683 -
1973 $5,353 - $676 -
1972 $4,110 - $511 -
1971 $3,384 - $470 -
1970 $2,931 - $479 -
1969 $2,647 - - -
1968 $2,364 - - -
1967 $2,155 - - -
1966 $1,986 - - -
1965 $1,848 - - -
1964 $1,668 - - -
1963 $1,437 - - -
1962 $1,342 - - -
1961 $1,254 - - -
1960 $1,156 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/netherlands/sao-tome-and-principe | CC BY

The Netherlands' GDP per capita is $67,520, ranking 13/197, compared to $3,491 in Sao Tome and Principe, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), the Netherlands ranks 11th at $86,174, while Sao Tome and Principe ranks 151st at $6,242.

Economic indicators

Netherlands Sao Tome
Gross domestic product
$1.21T
2024
$822M
2024
GDP rank
19/197
2024
189/197
2024
GDP growth
1.08%
2023-2024
1.1%
2023-2024
GDP per capita
$67,520
2024
$3,491
2024
GDP per capita rank
13/197
2024
134/197
2024
GDP per capita, PPP
$86,174
2024
$6,242
2024
GDP per capita PPP rank
11/197
2024
151/197
2024
Government debt
$532B
2024
$533M
2024
Debt-to-GDP ratio
43.8%
2024
64.8%
2024
Government debt per person
$29,571
2024
$2,262
2024
Government debt per person rank
24/185
2024
116/185
2024
Average annual personal income after taxes
$47,815
2026
$3,111
2026
Market capitalization of domestic companies
$1.1T
2017
n/a
Number of millionaires
1,267,000
2025
n/a
Number of billionaires
13
2025
n/a
Income share by richest 10%
21.4%
2021
32.8%
2017
Income share by poorest 10%
3.6%
2021
2.6%
2017
Government expenditure, % of GDP
44.4%
2024
24.7%
2024
Consumer prices inflation
3.35%
2023-2024
14.4%
2023-2024
Unemployment rate
3.64%
2024
6.66%
2017
Population
18252623
246362

Spending and national debt comparison by year

Netherlands
Spending

Debt
Sao Tome and Principe
Spending

Debt
1x
Year % of GDP
Netherlands Sao Tome
Government spending Government debt Government spending Government debt
2024 44.4% 43.8% 24.7% 64.8%
2023 44% 45.9% 23.9% 73.2%
2022 43.3% 48.4% 27.7% 86.8%
2021 45.9% 50.5% 25.6% 85.1%
2020 47.8% 53.4% 23.2% 91%
2019 42.1% 47.7% 22.8% 98.6%
2018 42.4% 51.6% 28% 95.9%
2017 42.8% 56% 31.9% 92.3%
2016 43.9% 60.9% 38.3% 104.6%
2015 45.3% 63.8% 41.6% 101.1%
2014 46.7% 67.2% 36% 92.5%
2013 47.5% 67.2% 35.5% 76.8%
2012 47.6% 65.7% 50.5% 59.6%
2011 47.8% 61.2% 53.4% 86%
2010 48.9% 58.9% 51.7% 83%
2009 48.4% 56.3% 48.6% 70.3%
2008 44.3% 54.4% 30.4% 60.7%
2007 43.3% 42.7% 38.9% 110.1%
2006 44% 45% 32.5% 283.2%
2005 43.4% 49.6% 43.7% 334%
2004 44.7% 50.1% 60.6% 354%
2003 45.8% 49.8% 51.9% 329%
2002 44.8% 48.7% 44.3% 367%
2001 44.1% 49.4% 52.8% 418%
2000 43.2% 52.2% 10.7% -
1999 44.3% 58.6% - -
1998 44.6% 62.7% - -
1997 45.7% 65.7% - -
1996 47.3% 71.2% - -
1995 53.9% 73% - -
1994 49.4% 73.5% - -
1993 50.9% 76.7% - -
1992 50.2% 75.6% - -
1991 49.6% 74.8% - -
1990 48.8% 75% - -
1989 54.5% 73.7% - -
1988 56.4% 73.7% - -
1987 58.5% 71.3% - -
1986 57% 68.9% - -
1985 57.3% 67.1% - -
1984 58.1% 61.9% - -
1983 59.1% 58.4% - -
1982 59.1% 52.4% - -
1981 56.8% 46.9% - -
1980 55.2% 43.6% - -
1979 53.7% 39.5% - -
1978 52.3% 38.1% - -
1977 50.6% 34.9% - -
1976 50.8% 35.2% - -
1975 50.8% 36.1% - -
1974 46.4% 36.3% - -
1973 44.6% 38.1% - -
1972 44.9% 41.3% - -
1971 44.6% 43.7% - -
1970 43.2% 46.1% - -
1969 42.1% 48.2% - -
1968 25.4% 54.4% - -
1967 24.1% 55% - -
1966 24.4% 55.6% - -
1965 23.4% 55.8% - -
1964 22.3% 57.1% - -
1963 21.9% 61.7% - -
1962 22.1% 63.8% - -
1961 22.2% 65.9% - -
1960 20.4% 66.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/netherlands/sao-tome-and-principe | CC BY

In 2024, the Netherlands' government spending was $540B, accounting for 44.4% of its GDP, while Sao Tome and Principe spent $203M, or 24.7% of GDP.

Debt-to-GDP ratio is 43.8% in the Netherlands and 64.8% in Sao Tome and Principe, ranking 123/185 and 69/185, respectively.

Government deficit by year

Deficit/surplus
Netherlands

Sao Tome and Principe
1x
Year Deficit/surplus, % of GDP
Netherlands Sao Tome
2024 -0.94% 0.92%
2023 -0.37% -2.13%
2022 0.002% -2.24%
2021 -2.26% -1.52%
2020 -3.72% 2.94%
2019 1.91% -0.07%
2018 1.49% -2.02%
2017 1.35% -3.11%
2016 0.23% -5.01%
2015 -1.84% -7.6%
2014 -2.17% -6.27%
2013 -2.87% 2.13%
2012 -3.83% -12.3%
2011 -4.42% -13%
2010 -5.3% -12.1%
2009 -5.06% -18%
2008 -0.06% 13.6%
2007 -0.16% 125.1%
2006 0.04% 18%
2005 -0.51% 26.8%
2004 -1.82% -25.1%
2003 -3.19% -15.9%
2002 -2.23% -10.4%
2001 -0.47% -13.5%
2000 1.14% 51.5%
1999 0.28% -
1998 -1.34% -
1997 -1.6% -
1996 -1.91% -
1995 -8.72% -
1994 -3.53% -
1993 -3.13% -
1992 -3.12% -
1991 -2.05% -
1990 -4.08% -
1989 -5% -
1988 -4.23% -
1987 -5.39% -
1986 -4.62% -
1985 -3.6% -
1984 -5.25% -
1983 -5.47% -
1982 -6.17% -
1981 -4.92% -
1980 -3.95% -
1979 -2.46% -
1978 -2.09% -
1977 -0.75% -
1976 -2.02% -
1975 -2.82% -
1974 -0.26% -
1973 0.54% -
1972 -0.7% -
1971 -1.58% -
1970 -1.52% -
1969 -1.14% -
1968 -3.06% -
1967 -1.97% -
1966 -2.37% -
1965 -1.15% -
1964 -1.2% -
1963 -0.54% -
1962 -1.38% -
1961 -0.38% -
1960 0.9% -
1959 -0.74% -
1958 -0.89% -
1957 0.3% -
1956 -0.83% -
1955 -0.25% -
1954 0.76% -
1953 -2.95% -
1952 2.19% -
1951 2.13% -
1950 0.81% -
1949 2.3% -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 -3.19% -
1938 -0.37% -
1937 0.02% -
1936 -0.41% -
1935 -0.69% -
1934 -0.92% -
1933 -2.55% -
1932 -1.97% -
1931 -1.66% -
1930 -0.55% -
1929 -1.16% -
1928 -0.62% -
1927 -0.33% -
1926 -0.78% -
1925 -2.04% -
1924 -3.37% -
1923 -2.62% -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 -0.45% -
1912 -0.47% -
1911 -0.13% -
1910 -0.93% -
1909 -0.34% -
1908 -0.57% -
1907 0.03% -
1906 0.16% -
1905 0.1% -
1904 -0.72% -
1903 0.09% -
1902 -0.14% -
1901 0.03% -
1900 0.06% -
1899 -0.13% -
1898 -0.48% -
1897 -0.45% -
1896 0.08% -
1895 -0.06% -
1894 0.12% -
1893 -0.76% -
1892 -1.72% -
1891 -0.06% -
1890 -0.06% -
1889 0.04% -
1888 -0.31% -
1887 -0.37% -
1886 -0.08% -
1885 -0.55% -
1884 0% -
1883 -2.1% -
1882 -1.11% -
1881 -1.06% -
1880 0.21% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/netherlands/sao-tome-and-principe | CC BY

In 2024, the Netherlands' government deficit, the difference between spending and revenue, was $11.5B, equivalent to 0.94% of GDP. This compares to Sao Tome and Principe's surplus of $7.57M, or 0.92% of GDP.

Over the past 25 years, the Netherlands recorded a fiscal deficit in 18 of those years, while Sao Tome and Principe ran a deficit in 17 years. On average, the Netherlands posted an annual deficit equal to 1.4% of GDP, compared to surplus of 3.63% of GDP for Sao Tome and Principe.

Inflation comparison by year

Inflation
Netherlands

Sao Tome and Principe
1x
Year Consumer prices inflation
Netherlands Sao Tome
2024 3.35% 14.4%
2023 3.84% 21.2%
2022 10% 18%
2021 2.68% 8.1%
2020 1.27% 9.8%
2019 2.63% 7.7%
2018 1.7% 7.9%
2017 1.38% 5.7%
2016 0.32% 5.4%
2015 0.6% 6.1%
2014 0.98% 7%
2013 2.51% 8.1%
2012 2.46% 10.6%
2011 2.34% 14.3%
2010 1.28% 13.3%
2009 1.19% 17%
2008 2.49% 32%
2007 1.61% 18.6%
2006 1.1% 23.1%
2005 1.69% 17.2%
2004 1.26% 13.3%
2003 2.09% 9.8%
2002 3.29% 10.1%
2001 4.16% 9.2%
2000 2.36% 11%
1999 2.16% 11%
1998 1.96% 42.1%
1997 2.11% 69%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/netherlands/sao-tome-and-principe | CC BY

Over the past 28 years, the Netherlands has recorded an average annual inflation rate of 2.31%, compared with 15.8% in Sao Tome and Principe. In 2024, inflation was 3.35% in the Netherlands and 14.4% in Sao Tome and Principe.

Top exports between countries

Netherlands
Export category Export value
Animal & marine products $850K
Textiles & consumer goods $546K
Raw agricultural goods $327K
Processed food, beverages & tobacco $146K
Machinery & equipment $104K
Chemicals & pharma $103K
Raw materials & minerals $58K
Metals $38K
Wood & paper products $10K
Miscellaneous $1K
Sao Tome
Export category Export value
Processed food, beverages & tobacco $9.99M
Machinery & equipment $137K

Balance of trade

Netherlands Sao Tome
Current account balance
$111B
2024
$41.5M
2024
Current account balance ranking
5/190
2024
74/190
2024
Current account balance, % of GDP
+9.13%
2024
+5.05%
2024
Goods imports
$606B
2024
$153M
2024
Goods exports
$693B
2024
$29.3M
2024
Service imports
$262B
2024
$83M
2024
Service exports
$308B
2024
$88.2M
2024
Imports of goods and services, % of GDP
71.4%
2024
n/a
Exports of goods and services, % of GDP
82.4%
2024
10%
2025

Economic freedom indices

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

Netherlands Sao Tome
Economic freedom 78.5 60.6
Economic freedom ranking 11/197 93/197
Property rights 96 55.2
Government integrity 86.8 47.2
Judicial effectiveness 96.1 60.8
Tax burden 54 88.6
Government spending 42.2 80.6
Fiscal health 95.9 89.5
Business freedom 85 59.9
Labor freedom 59.3 40.8
Monetary freedom 77 59.4
Trade freedom 79.4 65
Investment freedom 90 50
Financial freedom 80 30

Economic freedom comparison by year

Netherlands
Sao Tome and Principe
1x
Year Economic freedom index
Netherlands Sao Tome
2026 78.5 60.6
2025 78.2 60.4
2024 77.3 60.5
2023 78 61.5
2022 79.5 60.3
2021 76.8 55.9
2020 77 56.2
2019 76.8 54
2018 76.2 53.6
2017 75.8 55.4
2016 74.6 56.7
2015 73.7 53.3
2014 74.2 48.8
2013 73.5 48
2012 73.3 50.2
2011 74.7 49.5
2010 75 48.8
2009 77 43.8
2008 77.4 -
2007 75.5 -
2006 75.4 -
2005 72.9 -
2004 74.5 -
2003 74.6 -
2002 75.1 -
2001 73 -
2000 70.4 -
1999 70.2 -
1998 69.2 -
1997 70.4 -
1996 69.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/netherlands/sao-tome-and-principe | CC BY

The Economic Freedom Index for the Netherlands is 78.5, ranking 11/197, compared to 60.6 for Sao Tome and Principe, ranking 93/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Netherlands Sao Tome
Services, % of GDP
70.5%
2024
80.3%
2024
Industry, % of GDP
17.5%
2024
2.83%
2024
Agriculture, forestry, and fishing, % of GDP
1.73%
2024
12.5%
2024
GNI, Atlas method
$1.12T
2024
$671M
2024
GNI per capita, PPP
$84,970
2024
$6,240
2024
Total reserves including gold
$79.1B
2024
$46.2M
2023
Total reserves ranking
34/177
2024
176/177
2023
Net foreign direct investment
$11.1B
2024
$20.5M
2024
Net inflows of foreign direct investment
-$17.1B
2024
-$16.7M
2024
Net outflows of foreign direct investment
-$5.93B
2024
$3.83M
2024
Servicing debt to the IMF, % of GNI n/a
0.64%
2024
Poverty at national poverty lines
14.5%
2021
66.2%
2020
Gross capital formation, % of GDP
19.7%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/netherlands/sao-tome-and-principe | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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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.