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

Updated on by Georank team

Sao Tome and Principe has a GDP of $822M compared to $802B for Taiwan, ranking 189/197 and 22/197 by economy size, respectively.

Sao Tome and Principe has $533M in government debt (64.8% of GDP), compared to $211B (26.3% of GDP) in Taiwan.

Sao Tome and Principe vs Taiwan GDP by year

Sao Tome and Principe
Taiwan
1x
Year GDP, current $
Sao Tome Taiwan
2024 $822,154,621 $801,529,000,000
2023 $690,456,807 $757,328,000,000
2022 $540,809,499 $765,529,000,000
2021 $524,402,456 $777,062,000,000
2020 $471,229,485 $676,935,000,000
2019 $412,976,083 $613,453,000,000
2018 $383,717,328 $610,744,000,000
2017 $322,002,845 $591,734,000,000
2016 $292,267,272 $543,002,000,000
2015 $259,999,643 $534,474,000,000
2014 $293,119,143 $535,332,000,000
2013 $267,041,748 $512,957,000,000
2012 $225,815,132 $495,536,000,000
2011 $226,455,001 $483,957,000,000
2010 $190,021,192 $444,245,000,000
2009 $200,668,065 $390,788,000,000
2008 $188,021,165 $415,824,000,000
2007 $149,146,919 $406,940,000,000
2006 $142,775,104 $386,492,000,000
2005 $136,450,662 $374,042,000,000
2004 $114,582,284 $346,881,000,000
2003 $102,085,769 $317,374,000,000
2002 $85,171,074 $307,429,000,000
2001 $75,951,133 $299,303,000,000
2000 $76,198,395 $330,725,000,000
1999 $77,302,212 $303,827,000,000
1998 $72,285,404 $279,926,000,000
1997 $91,920,274 $303,315,000,000
1996 $135,188,166 $292,473,000,000
1995 $103,695,237 $279,013,000,000
1994 $131,338,415 $256,213,000,000
1993 $125,742,229 $234,943,000,000
1992 $94,861,781 $222,947,000,000
1991 $107,484,143 $187,100,000,000
1990 $119,297,933 $166,392,000,000
1989 $98,545,367 $152,687,000,000
1988 $99,000,764 $126,378,000,000
1987 $115,952,925 $104,956,000,000
1986 $115,928,907 $78,347,000,000
1985 $82,733,069 $63,599,000,000
1984 $78,213,796 $61,036,000,000
1983 $75,110,289 $54,155,000,000
1982 $80,307,763 $49,540,000,000
1981 $83,499,264 $49,047,000,000
1980 $81,662,231 $42,292,000,000
1979 $65,755,928 $33,875,000,000
1978 $55,044,563 $27,373,000,000
1977 $49,207,692 $22,252,000,000
1976 $52,039,421 $18,988,000,000
1975 $60,101,710 $15,836,000,000
1974 $57,817,591 $14,739,000,000
1973 $56,011,245 $10,940,000,000
1972 $41,430,257 $8,063,000,000
1971 $37,288,845 $6,727,000,000
1970 $37,211,826 $5,785,000,000
1969 - $5,017,000,000
1968 - $4,325,000,000
1967 - $3,709,000,000
1966 - $3,207,000,000
1965 - $2,869,000,000
1964 - $2,592,000,000
1963 - $2,218,000,000
1962 - $1,960,000,000
1961 - $1,778,000,000
1960 - $1,743,000,000
1959 - $1,444,000,000
1958 - $1,836,000,000
1957 - $1,636,000,000
1956 - $1,399,000,000
1955 - $1,940,000,000
1954 - $1,628,000,000
1953 - $1,481,000,000
1952 - $1,677,000,000
1951 - $1,197,000,000

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

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

Sao Tome and Principe
GDP per capita

GDP per capita, PPP
Taiwan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Sao Tome Taiwan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,491 $6,242 $34,238 -
2023 $2,991 $6,150 $32,444 -
2022 $2,390 $6,034 $32,827 -
2021 $2,363 $5,733 $33,111 -
2020 $2,167 $5,145 $28,705 -
2019 $1,935 $4,655 $25,998 -
2018 $1,826 $3,941 $25,901 -
2017 $1,556 $3,436 $25,121 $50,500
2016 $1,435 $3,320 $23,091 -
2015 $1,298 $3,172 $22,780 $46,800
2014 $1,490 $3,233 $22,874 -
2013 $1,383 $2,946 $21,973 $39,600
2012 $1,192 $2,653 $21,295 $39,400
2011 $1,220 $2,914 $20,866 $38,200
2010 $1,045 $2,859 $19,197 $35,700
2009 $1,128 $2,846 $16,933 $32,000
2008 $1,082 $2,802 $18,081 $31,100
2007 $879 $2,650 $17,757 $30,100
2006 $862 $2,551 $16,934 $29,500
2005 $844 $2,329 $16,456 $27,500
2004 $727 $2,171 $15,317 $25,300
2003 $664 $2,094 $14,066 $23,400
2002 $568 $1,945 $13,686 $18,000
2001 $519 $1,898 $13,397 $17,200
2000 $529 $1,830 $14,908 $17,400
1999 $543 $1,802 $13,804 $16,100
1998 $514 $1,754 $12,820 -
1997 $662 $1,714 $14,020 -
1996 $987 $1,693 $13,641 -
1995 $769 $1,663 $13,119 -
1994 $990 $1,623 $12,150 -
1993 $964 $1,581 $11,242 -
1992 $740 $1,556 $10,768 -
1991 $855 $1,540 $9,125 -
1990 $970 $1,504 $8,205 -
1989 $821 - $7,613 -
1988 $847 - $6,370 -
1987 $1,018 - $5,350 -
1986 $1,043 - $4,036 -
1985 $761 - $3,314 -
1984 $735 - $3,224 -
1983 $720 - $2,903 -
1982 $783 - $2,699 -
1981 $830 - $2,720 -
1980 $829 - $2,389 -
1979 $683 - $1,950 -
1978 $587 - $1,606 -
1977 $539 - $1,330 -
1976 $585 - $1,158 -
1975 $693 - $985 -
1974 $683 - $934 -
1973 $676 - $706 -
1972 $511 - $530 -
1971 $470 - $451 -
1970 $479 - $397 -
1969 - - $357 -
1968 - - $319 -
1967 - - $280.8 -
1966 - - $249.1 -
1965 - - $229.3 -
1964 - - $213.6 -
1963 - - $188.6 -
1962 - - $172 -
1961 - - $161.2 -
1960 - - $163.4 -
1959 - - $140.4 -
1958 - - $185.1 -
1957 - - $170.5 -
1956 - - $150.6 -
1955 - - $216.3 -
1954 - - $188.3 -
1953 - - $177.7 -
1952 - - $208.4 -
1951 - - $154.3 -

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2017, retrieved 2026-02-20).

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

Sao Tome and Principe's GDP per capita is $3,491, ranking 134/197, compared to $34,238 in Taiwan, ranking 35/197. Adjusted for purchasing power (GDP per capita PPP), Sao Tome and Principe ranks 151st at $6,242, while Taiwan ranks 44th at $50,500.

Economic indicators

Sao Tome Taiwan
Gross domestic product
$822M
2024
$802B
2024
GDP rank
189/197
2024
22/197
2024
GDP growth
1.1%
2023-2024
2.3%
2023-2024
GDP per capita
$3,491
2024
$34,238
2024
GDP per capita rank
134/197
2024
35/197
2024
GDP per capita, PPP
$6,242
2024
$50,500
2017
GDP per capita PPP rank
151/197
2024
44/197
2017
Government debt
$533M
2024
$211B
2024
Debt-to-GDP ratio
64.8%
2024
26.3%
2024
Government debt per person
$2,262
2024
$9,020
2024
Government debt per person rank
116/185
2024
59/185
2024
Average annual personal income after taxes
$3,111
2026
$18,163
2026
Number of millionaires n/a
759,000
2025
Number of billionaires n/a
54
2025
Income share by richest 10%
32.8%
2017
n/a
Income share by poorest 10%
2.6%
2017
n/a
Government expenditure, % of GDP
24.7%
2024
15.8%
2024
Consumer prices inflation
14.4%
2023-2024
2.2%
2023-2024
Central bank interest rate n/a
2%
2024
Unemployment rate
6.66%
2017
3.35%
2025
Population
246362
23229461

Spending and national debt comparison by year

Sao Tome and Principe
Spending

Debt
Taiwan
Spending

Debt
1x
Year % of GDP
Sao Tome Taiwan
Government spending Government debt Government spending Government debt
2024 24.7% 64.8% 15.8% 26.3%
2023 23.9% 73.2% 17.1% 29%
2022 27.7% 86.8% 16% 29.5%
2021 25.6% 85.1% 15.4% 30.1%
2020 23.2% 91% 16.2% 32%
2019 22.8% 98.6% 15.3% 32.6%
2018 28% 95.9% 15.4% 33.8%
2017 31.9% 92.3% 15.4% 34.5%
2016 38.3% 104.6% 15.6% 35.4%
2015 41.6% 101.1% 15.5% 35.9%
2014 36% 92.5% - 37.5%
2013 35.5% 76.8% - 38.9%
2012 50.5% 59.6% - 39.2%
2011 53.4% 86% 18.3% 38.3%
2010 51.7% 83% - 36.9%
2009 48.6% 70.3% - 36.7%
2008 30.4% 60.7% - 33.4%
2007 38.9% 110.1% - 32.2%
2006 32.5% 283.2% - 33.3%
2005 43.7% 334% - 34.1%
2004 60.6% 354% - 33.4%
2003 51.9% 329% - 32.1%
2002 44.3% 367% - 29.8%
2001 52.8% 418% 22.5% 30.1%
2000 10.7% - - 26.2%
1999 - - - 23.7%
1998 - - - 23.7%
1997 - - - 25%
1996 - - - -
1995 - - - -
1994 - - - -
1993 - - - -
1992 - - - -
1991 - - 25.4% -
1990 - - - -
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - 23.6% -
1980 - - - -
1979 - - - -
1978 - - - -
1977 - - - -
1976 - - 21.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09).

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

In 2024, Sao Tome and Principe's government spending was $203M, accounting for 24.7% of its GDP, while Taiwan spent $127B, or 15.8% of GDP.

Debt-to-GDP ratio is 64.8% in Sao Tome and Principe and 26.3% in Taiwan, ranking 69/185 and 160/185, respectively.

Government deficit by year

Deficit/surplus
Sao Tome and Principe

Taiwan
1x
Year Deficit/surplus, % of GDP
Sao Tome Taiwan
2024 0.92% 0.43%
2023 -2.13% -0.61%
2022 -2.24% 0.17%
2021 -1.52% -0.18%
2020 2.94% -1.03%
2019 -0.07% 0.11%
2018 -2.02% 0.02%
2017 -3.11% -0.14%
2016 -5.01% -0.31%
2015 -7.6% 0.1%
2014 -6.27% -
2013 2.13% -
2012 -12.3% -
2011 -13% -2.15%
2010 -12.1% -
2009 -18% -
2008 13.6% -
2007 125.1% -
2006 18% -
2005 26.8% -
2004 -25.1% -
2003 -15.9% -
2002 -10.4% -
2001 -13.5% -3.71%
2000 51.5% -
1999 - -
1998 - -
1997 - -
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -4.5%
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -0.78%
1980 - -
1979 - -
1978 - -
1977 - -
1976 - 1.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09).

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

In 2024, Sao Tome and Principe's government surplus, the difference between spending and revenue, was $7.57M, equivalent to 0.92% of GDP. This compares to Taiwan's surplus of $3.45B, or 0.43% of GDP.

Over the past 25 years, Sao Tome and Principe recorded a fiscal deficit in 17 of those years, while Taiwan ran a deficit in 7 years. On average, Sao Tome and Principe posted an annual surplus equal to 3.63% of GDP, compared to deficit of 0.61% of GDP for Taiwan.

Inflation comparison by year

Inflation
Sao Tome and Principe

Taiwan
1x
Year Consumer prices inflation
Sao Tome Taiwan
2024 14.4% 2.2%
2023 21.2% 2.5%
2022 18% 2.9%
2021 8.1% 2%
2020 9.8% -0.2%
2019 7.7% 0.6%
2018 7.9% 1.4%
2017 5.7% 0.6%
2016 5.4% 1.4%
2015 6.1% -0.3%
2014 7% 1.2%
2013 8.1% 0.8%
2012 10.6% 1.9%
2011 14.3% 1.4%
2010 13.3% 1%
2009 17% -0.9%
2008 32% 3.5%
2007 18.6% 1.8%
2006 23.1% 0.6%
2005 17.2% 2.3%
2004 13.3% 1.6%
2003 9.8% -0.3%
2002 10.1% -0.2%
2001 9.2% 0%
2000 11% 1.2%
1999 11% 0.2%
1998 42.1% 1.7%
1997 69% 0.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Sao Tome and Principe has recorded an average annual inflation rate of 15.8%, compared with 1.14% in Taiwan. In 2024, inflation was 14.4% in Sao Tome and Principe and 2.2% in Taiwan.

Balance of trade

Sao Tome Taiwan
Current account balance
$41.5M
2024
$113B
2024
Current account balance ranking
74/190
2024
4/190
2024
Current account balance, % of GDP
+5.05%
2024
+14.1%
2024
Goods imports
$153M
2024
n/a
Goods exports
$29.3M
2024
n/a
Service imports
$83M
2024
n/a
Service exports
$88.2M
2024
n/a
Imports of goods and services, % of GDP n/a
50.2%
2024
Exports of goods and services, % of GDP
10%
2025
63.3%
2024

Economic freedom indices

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

Sao Tome Taiwan
Economic freedom 60.6 79.8
Economic freedom ranking 93/197 6/197
Property rights 55.2 83.4
Government integrity 47.2 74.3
Judicial effectiveness 60.8 94.3
Tax burden 88.6 78.9
Government spending 80.6 90
Fiscal health 89.5 92.9
Business freedom 59.9 78.6
Labor freedom 40.8 69
Monetary freedom 59.4 80.3
Trade freedom 65 86
Investment freedom 50 70
Financial freedom 30 60

Economic freedom comparison by year

Sao Tome and Principe
Taiwan
1x
Year Economic freedom index
Sao Tome Taiwan
2026 60.6 79.8
2025 60.4 79.7
2024 60.5 80
2023 61.5 80.7
2022 60.3 80.1
2021 55.9 78.6
2020 56.2 77.1
2019 54 77.3
2018 53.6 76.6
2017 55.4 76.5
2016 56.7 74.7
2015 53.3 75.1
2014 48.8 73.9
2013 48 72.7
2012 50.2 71.9
2011 49.5 70.8
2010 48.8 70.4
2009 43.8 69.5
2008 - 70.3
2007 - 69.4
2006 - 69.7
2005 - 71.3
2004 - 69.6
2003 - 71.7
2002 - 71.3
2001 - 72.8
2000 - 72.5
1999 - 71.5
1998 - 70.4
1997 - 70
1996 - 74.1
1995 - 74.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Sao Tome and Principe is 60.6, ranking 93/197, compared to 79.8 for Taiwan, ranking 6/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Sao Tome Taiwan
Services, % of GDP
80.3%
2024
58.8%
2024
Industry, % of GDP
2.83%
2024
39.8%
2024
Agriculture, forestry, and fishing, % of GDP
12.5%
2024
1.47%
2024
GNI, Atlas method
$671M
2024
$832B
2024
GNI per capita, PPP
$6,240
2024
n/a
Total reserves including gold
$46.2M
2023
n/a
Total reserves ranking
176/177
2023
n/a
Net foreign direct investment
$20.5M
2024
n/a
Net inflows of foreign direct investment
-$16.7M
2024
n/a
Net outflows of foreign direct investment
$3.83M
2024
n/a
Servicing debt to the IMF, % of GNI
0.64%
2024
n/a
Poverty at national poverty lines
66.2%
2020
1.5%
2020
Gross capital formation, % of GDP n/a
26.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); National Statistics, Taiwan (1985–2024, retrieved 2026-02-09); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. National Statistics, Taiwan (1951–2025, retrieved 2026-02-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.