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Economy of Sao Tome and Principe vs United Arab Emirates compared: GDP & Debt

Updated on by Georank

Sao Tome and Principe has a GDP of $981M compared to $552B for the United Arab Emirates, ranking 189/197 and 31/197 by economy size, respectively.

Sao Tome and Principe has $546M in government debt (55.7% of GDP), compared to $193B (34.3% of GDP) in the United Arab Emirates.

Sao Tome and Principe vs United Arab Emirates GDP by year

Sao Tome and Principe
United Arab Emirates
1x
Year GDP, current $
Sao Tome UAE
2025 $981,293,587 -
2024 $824,992,558 $552,324,919,096
2023 $690,456,807 $522,622,268,401
2022 $540,809,499 $511,403,404,642
2021 $524,402,456 $422,441,282,436
2020 $471,229,485 $357,161,776,271
2019 $412,976,083 $433,926,218,686
2018 $383,717,328 $440,560,003,161
2017 $322,002,845 $403,365,056,079
2016 $292,267,272 $381,717,208,621
2015 $259,999,643 $381,973,135,513
2014 $293,119,143 $424,935,834,104
2013 $267,041,748 $409,632,574,703
2012 $229,371,348 $392,793,559,051
2011 $226,455,001 $368,881,033,963
2010 $190,021,192 $307,736,348,527
2009 $200,668,065 $253,547,358,747
2008 $188,021,165 $315,474,615,741
2007 $149,146,919 $257,916,148,767
2006 $142,775,104 $222,116,532,963
2005 $136,450,662 $180,617,467,954
2004 $114,582,284 $147,824,249,958
2003 $102,085,769 $124,346,476,180
2002 $85,171,074 $109,816,091,079
2001 $75,951,133 $103,311,631,797
2000 $76,198,395 $104,337,463,730
1999 $77,302,212 $84,445,399,335
1998 $72,285,404 $75,674,384,205
1997 $91,920,274 $78,838,886,862
1996 $135,188,166 $73,571,217,377
1995 $103,695,237 $65,743,604,966
1994 $131,338,415 $59,305,111,228
1993 $125,742,229 $55,625,269,485
1992 $94,861,781 $54,239,188,746
1991 $107,484,143 $51,552,058,250
1990 $119,297,933 $50,701,374,187
1989 $98,545,367 $41,464,966,302
1988 $99,000,764 $36,275,613,877
1987 $115,952,925 $36,384,802,310
1986 $115,928,907 $33,943,568,481
1985 $82,733,069 $40,603,631,079
1984 $78,213,796 $41,807,931,453
1983 $75,110,289 $42,803,373,390
1982 $80,307,763 $46,622,715,281
1981 $83,499,264 $49,333,471,895
1980 $81,662,231 $43,599,134,193
1979 $65,755,928 $31,225,557,022
1978 $55,044,563 $23,775,718,541
1977 $49,207,692 $24,871,660,292
1976 $52,039,421 $19,213,212,475
1975 $60,101,710 $14,720,729,969
1974 $57,817,591 $11,651,505,689
1973 $56,011,245 $4,231,243,616
1972 $41,430,257 $1,415,086,929
1971 $37,288,845 $939,893,600
1970 $37,211,826 $685,986,701

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/sao-tome-and-principe/united-arab-emirates | CC BY

GDP per capita in Sao Tome and Principe vs United Arab Emirates by year

Sao Tome and Principe
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Sao Tome UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,084 - - -
2024 $3,503 $6,242 $50,274 $79,229
2023 $2,991 $6,150 $49,851 $77,955
2022 $2,390 $6,034 $50,760 $75,072
2021 $2,363 $5,733 $44,118 $68,580
2020 $2,167 $5,145 $37,992 $66,791
2019 $1,935 $4,655 $45,939 $79,816
2018 $1,826 $3,941 $47,135 $77,446
2017 $1,556 $3,436 $43,734 $70,282
2016 $1,435 $3,320 $42,721 $69,987
2015 $1,298 $3,172 $44,910 $73,986
2014 $1,490 $3,233 $52,725 $87,478
2013 $1,383 $2,946 $53,247 $87,526
2012 $1,211 $2,653 $53,142 $89,198
2011 $1,220 $2,914 $51,922 $89,665
2010 $1,045 $2,859 $44,795 $85,120
2009 $1,128 $2,846 $37,803 $84,780
2008 $1,082 $2,802 $50,054 $94,628
2007 $879 $2,650 $45,855 $100,813
2006 $862 $2,551 $44,343 $106,814
2005 $844 $2,329 $38,719 $101,301
2004 $727 $2,171 $33,377 $98,661
2003 $664 $2,094 $29,660 $92,636
2002 $568 $1,945 $27,754 $88,467
2001 $519 $1,898 $27,745 $90,370
2000 $529 $1,830 $29,866 $92,899
1999 $543 $1,802 $25,856 $87,658
1998 $514 $1,754 $24,889 $90,229
1997 $662 $1,714 $27,983 $96,009
1996 $987 $1,693 $28,323 $94,620
1995 $769 $1,663 $27,003 $93,702
1994 $990 $1,623 $25,473 $89,959
1993 $964 $1,581 $25,033 $86,330
1992 $740 $1,556 $25,648 $87,509
1991 $855 $1,540 $25,691 $87,250
1990 $970 $1,504 $26,710 $88,455
1989 $821 - $23,167 -
1988 $847 - $21,570 -
1987 $1,018 - $23,113 -
1986 $1,043 - $23,132 -
1985 $761 - $29,468 -
1984 $735 - $32,012 -
1983 $720 - $34,650 -
1982 $783 - $39,972 -
1981 $830 - $44,855 -
1980 $829 - $42,925 -
1979 $683 - $34,238 -
1978 $587 - $29,379 -
1977 $539 - $35,020 -
1976 $585 - $31,197 -
1975 $693 - $27,117 -
1974 $683 - $23,823 -
1973 $676 - $9,696 -
1972 $511 - $3,675 -
1971 $470 - $2,805 -
1970 $479 - $2,394 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/sao-tome-and-principe/united-arab-emirates | CC BY

Sao Tome and Principe's GDP per capita is $4,084, ranking 132/197, compared to $50,274 in the United Arab Emirates, ranking 25/197. Adjusted for purchasing power (GDP per capita PPP), Sao Tome and Principe ranks 151st at $6,242, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Sao Tome UAE
Gross domestic product
$981M
2025
$552B
2024
GDP rank
189/197
2025
31/197
2024
GDP growth
1.03%
2024-2025
3.99%
2023-2024
GDP per capita
$4,084
2025
$50,274
2024
GDP per capita rank
132/197
2025
25/197
2024
GDP per capita, PPP
$6,242
2024
$79,229
2024
GDP per capita PPP rank
151/197
2024
16/197
2024
Government debt
$546M
2025
$193B
2024
Debt-to-GDP ratio
55.7%
2025
34.3%
2025
Government debt per person
$2,275
2025
$17,568
2024
Government debt per person rank
115/185
2025
37/185
2024
Average annual personal income after taxes
$3,249
2026
$40,096
2026
Market capitalization of domestic companies n/a
$1.11T
2025
Number of millionaires n/a
183,000
2026
Number of billionaires n/a
6
2026
Income share by richest 10%
32.8%
2017
20.5%
2018
Income share by poorest 10%
2.6%
2017
2.8%
2018
Government expenditure, % of GDP
21.2%
2025
22.6%
2025
Consumer prices inflation
0.9%
2024-2025
1.3%
2024-2025
Central bank interest rate n/a
3.65%
2025
Unemployment rate
6.66%
2017
1.88%
2024
Population
247495
11885001

Spending and national debt comparison by year

Sao Tome and Principe
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Sao Tome UAE
Government spending Government debt Government spending Government debt
2025 21.2% 55.7% 22.6% 34.3%
2024 23.8% 65.2% 21.4% 34.9%
2023 23.9% 73.2% 22.7% 31.9%
2022 27.7% 86.8% 22.7% 31.5%
2021 25.6% 85.1% 25.9% 35.7%
2020 23.2% 91% 30.5% 30.1%
2019 22.8% 98.6% 27.4% 25.8%
2018 28% 95.9% 25.9% 20.7%
2017 31.9% 92.3% 27.2% 21.2%
2016 38.3% 104.6% 31.7% 18.6%
2015 41.6% 101.1% 26.4% 15.6%
2014 36% 92.5% 31.4% 13.5%
2013 35.5% 76.8% 28.9% 15.3%
2012 50.5% 59.6% 27.8% 20.2%
2011 53.4% 86% 29.6% 20.4%
2010 51.7% 83% 30.4% 18.3%
2009 48.6% 70.3% 35% 21.1%
2008 30.4% 60.7% 22% 8.95%
2007 38.9% 110.1% 17.7% 8.89%
2006 32.5% 283.2% 15.6% 5.05%
2005 43.7% 334% 15.7% 4.48%
2004 60.6% 354% 17.7% 4.08%
2003 51.9% 329% 20% 3.33%
2002 44.3% 367% 21.3% 3.43%
2001 52.8% 418% 25.2% 2.69%
2000 10.7% - 21.8% 3.12%
1999 - - 24.3% 4.73%
1998 - - 25.8% 4.18%
1997 - - 22.6% 2.86%
1996 - - 27.6% 3.48%
1995 - - 26.1% 5.06%
1994 - - 30.1% 5.58%
1993 - - 31.5% 6.01%
1992 - - 29.6% 5.31%
1991 - - 36% 4.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-07-08).

GeoRank.org/economy/sao-tome-and-principe/united-arab-emirates | CC BY

In 2025, Sao Tome and Principe's government spending was $208M, accounting for 21.2% of its GDP, while the United Arab Emirates spent $118B, or 22.6% of GDP.

Debt-to-GDP ratio is 55.7% in Sao Tome and Principe and 34.3% in the United Arab Emirates, ranking 88/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Sao Tome and Principe

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Sao Tome UAE
2025 -2.53% 5.15%
2024 0.92% 6.41%
2023 -2.13% 5.82%
2022 -2.24% 9.8%
2021 -1.52% 3.96%
2020 2.94% -2.42%
2019 -0.07% 2.5%
2018 -2.02% 3.65%
2017 -3.11% -0.16%
2016 -5.01% -2.95%
2015 -7.6% -6.35%
2014 -6.27% 1.74%
2013 2.13% 7.99%
2012 -12.3% 8.59%
2011 -13% 5.05%
2010 -12.1% 0.52%
2009 -18% -6.13%
2008 13.6% 17.6%
2007 125.1% 17.1%
2006 18% 20.2%
2005 26.8% 16%
2004 -25.1% 6.4%
2003 -15.9% 2.35%
2002 -10.4% -1.24%
2001 -13.5% 1.21%
2000 51.5% 10.7%
1999 - 1.31%
1998 - 1%
1997 - 6.71%
1996 - 0.92%
1995 - 3.58%
1994 - -1.78%
1993 - -2.89%
1992 - 3.34%
1991 - 3.89%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/sao-tome-and-principe/united-arab-emirates | CC BY

In 2024, Sao Tome and Principe's government surplus, the difference between spending and revenue, was $7.6M, equivalent to 0.92% of GDP. This compares to the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 25 years, Sao Tome and Principe recorded a fiscal deficit in 17 of those years, while the United Arab Emirates ran a deficit in 6 years. On average, Sao Tome and Principe posted an annual surplus equal to 3.63% of GDP, compared to surplus of 5.13% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Sao Tome and Principe

United Arab Emirates
1x
Year Consumer prices inflation
Sao Tome UAE
2025 0.9% 1.3%
2024 14.4% 1.7%
2023 21.1% 1.6%
2022 18.1% 4.8%
2021 8.1% -0.1%
2020 9.8% -2.1%
2019 7.7% -1.9%
2018 7.9% 3.1%
2017 5.7% 2%
2016 5.4% 1.6%
2015 6.1% 4.1%
2014 7% 2.3%
2013 8.1% 1.1%
2012 10.6% 0.7%
2011 14.3% 0.9%
2010 13.3% 0.9%
2009 17% -4.7%
2008 32% 12.3%
2007 18.6% 11.1%
2006 23.1% 9.3%
2005 17.2% 6.2%
2004 13.3% 5%
2003 9.8% 3.1%
2002 10.1% 2.9%
2001 9.2% 2.8%
2000 11% 1.3%
1999 11% 2.1%
1998 42.1% 2%
1997 69% 3%

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

GeoRank.org/economy/sao-tome-and-principe/united-arab-emirates | CC BY

Over the past 29 years, Sao Tome and Principe has recorded an average annual inflation rate of 15.2%, compared with 2.7% in the United Arab Emirates. In 2025, inflation was 0.9% in Sao Tome and Principe and 1.3% in the United Arab Emirates.

Top exports between countries

Sao Tome
Export category Export value
UAE
Export category Export value
Machinery & equipment $852K
Chemicals & pharma $331K
Raw materials & minerals $270K
Textiles & consumer goods $217K
Metals $167K
Wood & paper products $39K
Animal & marine products $36K
Miscellaneous $25K
Processed food, beverages & tobacco $17K
Raw agricultural goods $13K

Balance of trade

Sao Tome UAE
Current account balance
$41.5M
2024
$80B
2024
Current account balance ranking
68/190
2024
9/190
2024
Current account balance, % of GDP
+5.03%
2024
+14.5%
2024
Goods imports
$153M
2024
$400B
2024
Goods exports
$29.3M
2024
$467B
2024
Service imports
$83M
2024
$117B
2024
Service exports
$88.2M
2024
$181B
2024
Imports of goods and services, % of GDP
33.3%
2025
92.2%
2023
Exports of goods and services, % of GDP
13.3%
2025
106.8%
2023

Economic freedom indices

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

Sao Tome UAE
Economic freedom 60.6 71.9
Economic freedom ranking 93/197 29/197
Property rights 55.2 62.9
Government integrity 47.2 65.3
Judicial effectiveness 60.8 34.4
Tax burden 88.6 99.9
Government spending 80.6 85.1
Fiscal health 89.5 97.6
Business freedom 59.9 84.5
Labor freedom 40.8 63.2
Monetary freedom 59.4 81.2
Trade freedom 65 78.6
Investment freedom 50 50
Financial freedom 30 60

Economic freedom comparison by year

Sao Tome and Principe
United Arab Emirates
1x
Year Economic freedom index
Sao Tome UAE
2026 60.6 71.9
2025 60.4 71.6
2024 60.5 71.1
2023 61.5 70.9
2022 60.3 70.2
2021 55.9 76.9
2020 56.2 76.2
2019 54 77.6
2018 53.6 77.6
2017 55.4 76.9
2016 56.7 72.6
2015 53.3 72.4
2014 48.8 71.4
2013 48 71.1
2012 50.2 69.3
2011 49.5 67.8
2010 48.8 67.3
2009 43.8 64.7
2008 - 62.6
2007 - 62.6
2006 - 62.2
2005 - 65.2
2004 - 67.2
2003 - 73.4
2002 - 73.6
2001 - 74.9
2000 - 74.2
1999 - 71.5
1998 - 72.2
1997 - 71.9
1996 - 71.6

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/sao-tome-and-principe/united-arab-emirates | CC BY

The Economic Freedom Index for Sao Tome and Principe is 60.6, ranking 93/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Sao Tome UAE
Services, % of GDP
81.4%
2025
54.9%
2024
Industry, % of GDP
2.23%
2025
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
12.2%
2025
0.77%
2024
GNI, Atlas method
$913M
2025
$566B
2024
GNI per capita, PPP
$6,920
2025
$81,640
2024
Total reserves including gold
$58.8M
2024
$292B
2025
Total reserves ranking
175/177
2024
14/177
2025
Net foreign direct investment
$20.5M
2024
$31.5B
2024
Net inflows of foreign direct investment
-$16.7M
2024
$45.6B
2024
Net outflows of foreign direct investment
$3.83M
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
0.62%
2024
n/a
Poverty at national poverty lines
66.2%
2020
19.5%
2020
Gross capital formation, % of GDP
8.74%
2025
26.6%
2023

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/united-arab-emirates | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-07-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  8. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  9. LivingCost (2026, 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.