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

Updated on by Georank

Sao Tome and Principe has a GDP of $981M compared to $577B for Thailand, ranking 189/197 and 30/197 by economy size, respectively.

Sao Tome and Principe has $546M in government debt (55.7% of GDP), compared to $373B (64.7% of GDP) in Thailand.

Sao Tome and Principe vs Thailand GDP by year

Sao Tome and Principe
Thailand
1x
Year GDP, current $
Sao Tome Thailand
2025 $981,293,587 $577,009,981,112
2024 $824,992,558 $529,385,520,942
2023 $690,456,807 $517,013,369,475
2022 $540,809,499 $495,691,837,308
2021 $524,402,456 $506,049,783,825
2020 $471,229,485 $500,274,927,779
2019 $412,976,083 $543,976,691,794
2018 $383,717,328 $506,754,208,404
2017 $322,002,845 $456,356,813,537
2016 $292,267,272 $413,366,349,748
2015 $259,999,643 $401,296,238,228
2014 $293,119,143 $407,339,040,198
2013 $267,041,748 $420,333,654,593
2012 $229,371,348 $397,558,325,279
2011 $226,455,001 $370,818,739,624
2010 $190,021,192 $341,104,766,329
2009 $200,668,065 $281,710,630,187
2008 $188,021,165 $291,382,982,431
2007 $149,146,919 $262,942,621,455
2006 $142,775,104 $221,758,296,022
2005 $136,450,662 $189,318,408,469
2004 $114,582,284 $172,895,685,155
2003 $102,085,769 $152,280,615,246
2002 $85,171,074 $134,300,904,400
2001 $75,951,133 $120,296,476,180
2000 $76,198,395 $126,392,224,254
1999 $77,302,212 $126,669,211,779
1998 $72,285,404 $113,675,596,788
1997 $91,920,274 $150,180,456,566
1996 $135,188,166 $183,035,237,429
1995 $103,695,237 $169,278,916,593
1994 $131,338,415 $146,683,778,959
1993 $125,742,229 $128,889,262,951
1992 $94,861,781 $111,452,746,518
1991 $107,484,143 $98,234,714,971
1990 $119,297,933 $85,343,190,719
1989 $98,545,367 $72,250,748,100
1988 $99,000,764 $61,667,253,471
1987 $115,952,925 $50,535,446,555
1986 $115,928,907 $43,096,773,981
1985 $82,733,069 $38,900,711,333
1984 $78,213,796 $41,797,647,776
1983 $75,110,289 $40,042,798,388
1982 $80,307,763 $36,589,772,404
1981 $83,499,264 $34,846,039,194
1980 $81,662,231 $32,353,514,989
1979 $65,755,928 $27,371,650,825
1978 $55,044,563 $24,006,566,637
1977 $49,207,692 $19,779,312,261
1976 $52,039,421 $16,985,208,648
1975 $60,101,710 $14,882,770,594
1974 $57,817,591 $13,702,998,512
1973 $56,011,245 $10,838,587,358
1972 $41,430,257 $8,177,873,151
1971 $37,288,845 $7,375,000,024
1970 $37,211,826 $7,086,538,438
1969 - $6,695,336,567
1968 - $6,081,009,428
1967 - $5,638,461,442
1966 - $5,279,230,817
1965 - $4,388,937,649
1964 - $3,889,129,942
1963 - $3,540,403,457
1962 - $3,308,912,797
1961 - $3,034,037,811
1960 - $2,760,750,861

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

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

Sao Tome and Principe
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Sao Tome Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,084 - $8,057 -
2024 $3,503 $6,242 $7,387 $24,712
2023 $2,991 $6,150 $7,211 $23,519
2022 $2,390 $6,034 $6,910 $22,243
2021 $2,363 $5,733 $7,055 $20,243
2020 $2,167 $5,145 $6,983 $19,164
2019 $1,935 $4,655 $7,606 $19,963
2018 $1,826 $3,941 $7,100 $18,876
2017 $1,556 $3,436 $6,413 $17,573
2016 $1,435 $3,320 $5,834 $16,671
2015 $1,298 $3,172 $5,689 $15,791
2014 $1,490 $3,233 $5,801 $15,365
2013 $1,383 $2,946 $6,018 $15,216
2012 $1,211 $2,653 $5,726 $14,617
2011 $1,220 $2,914 $5,374 $13,227
2010 $1,045 $2,859 $4,974 $12,932
2009 $1,128 $2,846 $4,135 $11,964
2008 $1,082 $2,802 $4,309 $12,062
2007 $879 $2,650 $3,919 $11,723
2006 $862 $2,551 $3,331 $10,912
2005 $844 $2,329 $2,868 $10,169
2004 $727 $2,171 $2,642 $9,545
2003 $664 $2,094 $2,348 $8,824
2002 $568 $1,945 $2,090 $8,148
2001 $519 $1,898 $1,890 $7,632
2000 $529 $1,830 $2,006 $7,289
1999 $543 $1,802 $2,033 $6,901
1998 $514 $1,754 $1,848 $6,590
1997 $662 $1,714 $2,473 $7,148
1996 $987 $1,693 $3,055 $7,322
1995 $769 $1,663 $2,864 $6,901
1994 $990 $1,623 $2,518 $6,341
1993 $964 $1,581 $2,245 $5,834
1992 $740 $1,556 $1,972 $5,347
1991 $855 $1,540 $1,766 $4,914
1990 $970 $1,504 $1,559 $4,451
1989 $821 - $1,342 -
1988 $847 - $1,164 -
1987 $1,018 - $970 -
1986 $1,043 - $842 -
1985 $761 - $774 -
1984 $735 - $847 -
1983 $720 - $827 -
1982 $783 - $770 -
1981 $830 - $748 -
1980 $829 - $709 -
1979 $683 - $612 -
1978 $587 - $548 -
1977 $539 - $462 -
1976 $585 - $405 -
1975 $693 - $364 -
1974 $683 - $343 -
1973 $676 - $278.3 -
1972 $511 - $215.6 -
1971 $470 - $199.7 -
1970 $479 - $197.1 -
1969 - - $191.4 -
1968 - - $178.8 -
1967 - - $170.7 -
1966 - - $164.5 -
1965 - - $140.9 -
1964 - - $128.6 -
1963 - - $120.7 -
1962 - - $116.2 -
1961 - - $109.7 -
1960 - - $102.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Sao Tome and Principe's GDP per capita is $4,084, ranking 132/197, compared to $8,057 in Thailand, ranking 97/197. Adjusted for purchasing power (GDP per capita PPP), Sao Tome and Principe ranks 151st at $6,242, while Thailand ranks 85th at $24,712.

Economic indicators

Sao Tome Thailand
Gross domestic product
$981M
2025
$577B
2025
GDP rank
189/197
2025
30/197
2025
GDP growth
1.03%
2024-2025
2.44%
2024-2025
GDP per capita
$4,084
2025
$8,057
2025
GDP per capita rank
132/197
2025
97/197
2025
GDP per capita, PPP
$6,242
2024
$24,712
2024
GDP per capita PPP rank
151/197
2024
85/197
2024
Government debt
$546M
2025
$373B
2025
Debt-to-GDP ratio
55.7%
2025
64.7%
2025
Government debt per person
$2,275
2025
$5,211
2025
Government debt per person rank
115/185
2025
83/185
2025
Average annual personal income after taxes
$3,249
2026
$7,438
2026
Market capitalization of domestic companies n/a
$512B
2025
Number of millionaires n/a
100,001
2024
Number of billionaires n/a
25
2026
Income share by richest 10%
32.8%
2017
26%
2024
Income share by poorest 10%
2.6%
2017
3.4%
2024
Government expenditure, % of GDP
21.2%
2025
23%
2025
Consumer prices inflation
0.9%
2024-2025
-0.13%
2024-2025
Central bank interest rate n/a
1.5%
2025
Unemployment rate
6.66%
2017
0.6%
2025
Population
247495
71565981

Spending and national debt comparison by year

Sao Tome and Principe
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Sao Tome Thailand
Government spending Government debt Government spending Government debt
2025 21.2% 55.7% 23% 64.7%
2024 23.8% 65.2% 22.6% 62.9%
2023 23.9% 73.2% 22.7% 62.2%
2022 27.7% 86.8% 24.7% 60.5%
2021 25.6% 85.1% 26.8% 58.4%
2020 23.2% 91% 24.9% 49.4%
2019 22.8% 98.6% 20.6% 41.1%
2018 28% 95.9% 21.2% 41.9%
2017 31.9% 92.3% 21.6% 41.8%
2016 38.3% 104.6% 21.4% 41.7%
2015 41.6% 101.1% 22.3% 42.6%
2014 36% 92.5% 22.2% 43.3%
2013 35.5% 76.8% 21.6% 42.2%
2012 50.5% 59.6% 22.3% 41.9%
2011 53.4% 86% 21.1% 39.1%
2010 51.7% 83% 22% 39.8%
2009 48.6% 70.3% 21.7% 42.4%
2008 30.4% 60.7% 19.2% 34.9%
2007 38.9% 110.1% 20% 36%
2006 32.5% 283.2% 18.7% 39.2%
2005 43.7% 334% 19.6% 45.5%
2004 60.6% 354% 19.3% 46.3%
2003 51.9% 329% 18.3% 47.5%
2002 44.3% 367% 25.7% 54.9%
2001 52.8% 418% 20.8% 57.5%
2000 10.7% - 19.3% 57.8%
1999 - - 26.5% 56.6%
1998 - - 23.9% 49.9%
1997 - - 21.6% 40.5%
1996 - - 18% 15.2%
1995 - - 17.2% 5.12%
1994 - - 16% 6.69%
1993 - - 18.8% 9.14%
1992 - - 17.8% 11.4%
1991 - - 17% 14.1%
1990 - - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

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

In 2025, Sao Tome and Principe's government spending was $208M, accounting for 21.2% of its GDP, while Thailand spent $133B, or 23% of GDP.

Debt-to-GDP ratio is 55.7% in Sao Tome and Principe and 64.7% in Thailand, ranking 88/185 and 67/185, respectively.

Government deficit by year

Deficit/surplus
Sao Tome and Principe

Thailand
1x
Year Deficit/surplus, % of GDP
Sao Tome Thailand
2025 -2.53% -1.91%
2024 0.92% -1.29%
2023 -2.13% -1.91%
2022 -2.24% -4.61%
2021 -1.52% -6.72%
2020 2.94% -4.47%
2019 -0.07% 0.43%
2018 -2.02% 0.2%
2017 -3.11% -0.51%
2016 -5.01% 0.41%
2015 -7.6% 0.19%
2014 -6.27% -0.7%
2013 2.13% 0.6%
2012 -12.3% -0.86%
2011 -13% 0.09%
2010 -12.1% -1.07%
2009 -18% -2.21%
2008 13.6% 0.8%
2007 125.1% 0.22%
2006 18% 1.87%
2005 26.8% 2.17%
2004 -25.1% 1.11%
2003 -15.9% 1.98%
2002 -10.4% -6.72%
2001 -13.5% -1.77%
2000 51.5% -1.79%
1999 - -9.02%
1998 - -6.29%
1997 - -1.68%
1996 - 2.75%
1995 - 3.05%
1994 - 2.78%
1993 - 6.67%
1992 - -0.18%
1991 - 1.6%
1990 - 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-07-08).

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

In 2025, Sao Tome and Principe's government deficit, the difference between spending and revenue, was $24.8M, equivalent to 2.53% of GDP. This compares to Thailand's deficit of $11B, or 1.91% of GDP.

Over the past 26 years, Sao Tome and Principe recorded a fiscal deficit in 18 of those years, while Thailand ran a deficit in 14 years. On average, Sao Tome and Principe posted an annual surplus equal to 3.39% of GDP, compared to deficit of 1.02% of GDP for Thailand.

Inflation comparison by year

Inflation
Sao Tome and Principe

Thailand
1x
Year Consumer prices inflation
Sao Tome Thailand
2025 0.9% -0.13%
2024 14.4% 0.4%
2023 21.1% 1.23%
2022 18.1% 6.08%
2021 8.1% 1.23%
2020 9.8% -0.85%
2019 7.7% 0.71%
2018 7.9% 1.07%
2017 5.7% 0.66%
2016 5.4% 0.19%
2015 6.1% -0.9%
2014 7% 1.89%
2013 8.1% 2.19%
2012 10.6% 3.01%
2011 14.3% 3.81%
2010 13.3% 3.25%
2009 17% -0.85%
2008 32% 5.47%
2007 18.6% 2.24%
2006 23.1% 4.64%
2005 17.2% 4.54%
2004 13.3% 2.76%
2003 9.8% 1.8%
2002 10.1% 0.7%
2001 9.2% 1.63%
2000 11% 1.59%
1999 11% 0.28%
1998 42.1% 7.99%
1997 69% 5.63%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Sao Tome and Principe has recorded an average annual inflation rate of 15.2%, compared with 2.15% in Thailand. In 2025, inflation was 0.9% in Sao Tome and Principe and -0.13% in Thailand.

Top exports between countries

Sao Tome
Export category Export value
Thailand
Export category Export value
Textiles & consumer goods $401K
Raw agricultural goods $183K
Machinery & equipment $45K
Chemicals & pharma $8K
Processed food, beverages & tobacco $6K

Balance of trade

Sao Tome Thailand
Current account balance
$41.5M
2024
$15.9B
2025
Current account balance ranking
68/190
2024
20/190
2025
Current account balance, % of GDP
+5.03%
2024
+2.76%
2025
Goods imports
$153M
2024
$312B
2025
Goods exports
$29.3M
2024
$335B
2025
Service imports
$83M
2024
$77.2B
2025
Service exports
$88.2M
2024
$76.2B
2025
Imports of goods and services, % of GDP
33.3%
2025
67.3%
2025
Exports of goods and services, % of GDP
13.3%
2025
71.1%
2025

Economic freedom indices

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

Sao Tome Thailand
Economic freedom 60.6 62.2
Economic freedom ranking 93/197 88/197
Property rights 55.2 41.8
Government integrity 47.2 38.9
Judicial effectiveness 60.8 35
Tax burden 88.6 80.8
Government spending 80.6 83.6
Fiscal health 89.5 81
Business freedom 59.9 69.9
Labor freedom 40.8 56.4
Monetary freedom 59.4 73.3
Trade freedom 65 70.2
Investment freedom 50 55
Financial freedom 30 60

Economic freedom comparison by year

Sao Tome and Principe
Thailand
1x
Year Economic freedom index
Sao Tome Thailand
2026 60.6 62.2
2025 60.4 60.6
2024 60.5 59
2023 61.5 60.6
2022 60.3 63.2
2021 55.9 69.7
2020 56.2 69.4
2019 54 68.3
2018 53.6 67.1
2017 55.4 66.2
2016 56.7 63.9
2015 53.3 62.4
2014 48.8 63.3
2013 48 64.1
2012 50.2 64.9
2011 49.5 64.7
2010 48.8 64.1
2009 43.8 63
2008 - 62.3
2007 - 63.5
2006 - 63.3
2005 - 62.5
2004 - 63.7
2003 - 65.8
2002 - 69.1
2001 - 68.9
2000 - 66.6
1999 - 66.9
1998 - 67.3
1997 - 66.1
1996 - 71
1995 - 71.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Sao Tome and Principe is 60.6, ranking 93/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Sao Tome Thailand
Services, % of GDP
81.4%
2025
60.2%
2025
Industry, % of GDP
2.23%
2025
31.1%
2025
Agriculture, forestry, and fishing, % of GDP
12.2%
2025
8.75%
2025
GNI, Atlas method
$913M
2025
$551B
2025
GNI per capita, PPP
$6,920
2025
$25,570
2025
Total reserves including gold
$58.8M
2024
$282B
2025
Total reserves ranking
175/177
2024
15/177
2025
Net foreign direct investment
$20.5M
2024
-$9.51B
2025
Net inflows of foreign direct investment
-$16.7M
2024
$14.3B
2024
Net outflows of foreign direct investment
$3.83M
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
0.62%
2024
3.51%
2024
Poverty at national poverty lines
66.2%
2020
5.4%
2022
Gross capital formation, % of GDP
8.74%
2025
22.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.