Sao Tome and Principe - Country Code 239
IDD Code: 00
Country Code: 239
ISO: ST
ISO3: STP
Helpful Information About Sao Tome and Principe
Time
Thursday, November 21, 2024
Capital: São Tomé
Time Zone
UTC+0:00
Time Difference
São Tomé, Sao Tome and Principe is ()
Daylight Savings Time
Sao Tome and Principe does not follow DST
Weather
Country Map
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About Sao Tome and Principe Country NameSao Tome and Principe
ContinentAfrica
Lat/Long0.18636000, 6.61308100
BackgroundDiscovered and claimed by Portugal in the late 15th century, the islands' sugar-based economy gave way to coffee and cocoa in the 19th century - all grown with African plantation slave labor, a form of which lingered into the 20th century. While independence was achieved in 1975, democratic reforms were not instituted until the late 1980s. The country held its first free elections in 1991, but frequent internal wrangling between the various political parties precipitated repeated changes in leadership and four failed, non-violent coup attempts in 1995, 1998, 2003, and 2009. In 2012, three opposition parties combined in a no confidence vote to bring down the majority government of former Prime Minister Patrice TROVOADA, but in 2014, legislative elections returned him to the office. President Evaristo CARVALHO, of the same political party as Prime Minister TROVOADA, was elected in September 2016, marking a rare instance in which the positions of president and prime minister are held by the same party. New oil discoveries in the Gulf of Guinea may attract increased attention to the small island nation.
Population197,541 (July 2016 est.)
LanguagesPortuguese 98.4% (official), Forro 36.2%, Cabo Verdian 8.5%, French 6.8%, Angolar 6.6%, English 4.9%, Lunguie 1%, other (including sign language) 2.4%
ReligionsCatholic 55.7%, Adventist 4.1%, Assembly of God 3.4%, New Apostolic 2.9%, Mana 2.3%, Universal Kingdom of God 2%, Jehovah's Witness 1.2%, other 6.2%, none 21.2%, unspecified 1% (2012 est.)
Ethnic GroupsMestico, angolares (descendants of Angolan slaves), forros (descendants of freed slaves), servicais (contract laborers from Angola, Mozambique, and Cabo Verde), tongas (children of servicais born on the islands), Europeans (primarily Portuguese), Asians (mostly Chinese)
Economy
EconomyThis small, poor island economy has become increasingly dependent on cocoa since independence in 1975. Cocoa production has substantially declined in recent years because of drought and mismanagement. Sao Tome and Principe has to import fuels, most manufactured goods, consumer goods, and food, making it vulnerable to fluctuations in global commodity prices. Maintaining control of inflation, fiscal discipline, and increasing flows of foreign direct investment into the nascent oil sector are major economic problems facing the country. The government also has attempted to reduce price controls and subsidies.
Over the years, Sao Tome and Principe has had difficulty servicing its external debt and has relied heavily on concessional aid and debt rescheduling. It benefited from $200 million in debt relief in December 2000 under the Highly Indebted Poor Countries program, which helped bring down the country's $300 million debt burden. In April 2011, the country completed a Threshold Country Program with The Millennium Challenge Corporation to help increase tax revenues, reform customs, and improve the business environment. In 2016, Sao Tome and Portugal signed a five-year cooperation agreement worth approximately $64 million, some of which will be provided as loans.
Considerable potential exists for development of a tourist industry, and the government has taken steps to expand facilities in recent years. Potential also exists for the development of petroleum resources in Sao Tome and Principe's territorial waters in the oil-rich Gulf of Guinea, which are being jointly developed in a 60-40 split with Nigeria, but any actual production is at least several years off. Volatile aid and investment inflows, even with a growing tourism sector, have kept growth moderate at around 4% annually, which is insufficient to alleviate poverty. The IMF in late 2016 expressed concern about the country’s banking sector vulnerabilities.
Over the years, Sao Tome and Principe has had difficulty servicing its external debt and has relied heavily on concessional aid and debt rescheduling. It benefited from $200 million in debt relief in December 2000 under the Highly Indebted Poor Countries program, which helped bring down the country's $300 million debt burden. In April 2011, the country completed a Threshold Country Program with The Millennium Challenge Corporation to help increase tax revenues, reform customs, and improve the business environment. In 2016, Sao Tome and Portugal signed a five-year cooperation agreement worth approximately $64 million, some of which will be provided as loans.
Considerable potential exists for development of a tourist industry, and the government has taken steps to expand facilities in recent years. Potential also exists for the development of petroleum resources in Sao Tome and Principe's territorial waters in the oil-rich Gulf of Guinea, which are being jointly developed in a 60-40 split with Nigeria, but any actual production is at least several years off. Volatile aid and investment inflows, even with a growing tourism sector, have kept growth moderate at around 4% annually, which is insufficient to alleviate poverty. The IMF in late 2016 expressed concern about the country’s banking sector vulnerabilities.
GDP$351 million (2016 est.)
CurrencyDobra
Communications
Internet TLD.st
Internet Users50,000
Land Lines7,000
Mobile Phones132,000
Broadcast Media1 government-owned TV station; 1 government-owned radio station; 3 independent local radio stations authorized in 2005 with 2 operating at the end of 2006; transmissions of multiple international broadcasters are available (2007)