top of pageBackground: Discovered 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 plantation slave labor a form of which lingered into the 20th century. Although independence was achieved in 1975 democratic reforms were not instituted until the late 1980s. Though the first free elections were held in 1991 the political environment has been one of continued instability with frequent changes in leadership and coup attempts in 1995 and 2003. The recent discovery of oil in the Gulf of Guinea is likely to have a significant impact on the country's economy.
Climate: tropical; hot humid; one rainy season (October to May)
GeographyNote: the smallest country in Africa; the two main islands form part of a chain of extinct volcanoes and both are fairly mountainous
top of pageEthnic groups: mestico angolares (descendants of Angolan slaves) forros (descendants of freed slaves) servicais (contract laborers from Angola Mozambique and Cape Verde) tongas (children of servicais born on the islands) Europeans (primarily Portuguese)
Religions: Catholic 70.3% Evangelical 3.4% New Apostolic 2% Adventist 1.8% other 3.1% none 19.4% (2001 census)
Birth rate: 40.25 births/1000 population (2006 est.)
Death rate: 6.47 deaths/1000 population (2006 est.)
top of pageConstitution: approved March 1990 effective 10 September 1990
Legal system: based on Portuguese legal system and customary law; has not accepted compulsory ICJ jurisdiction
Executive branchChief of state: President Fradique DE MENEZES (since 3 September 2001)
Head of government: Prime Minister Tome Soares da VERA CRUZ (since 21 April 2006)
Cabinet: Council of Ministers appointed by the president on the proposal of the prime minister
Elections: president elected by popular vote for a five-year term (eligible for a second term); election last held 30 July 2006 (next to be held July 2011); prime minister chosen by the National Assembly and approved by the president
Election results: Fradique DE MENEZES elected president; percent of vote - Fradique DE MENEZES 60%, Patrice TROVOADA 38.5%
Legislative branchElections: last held 26 March 2006 (next to be held March 2010)
Election results: percent of vote by party - MDFM-PCD 37.2%, MLSTP 28.9%, ADI 20.0%, NR 4.7%, other 9.2%; seats by party - MDFM-PCD 23, MLSTP 19, ADI 12, NR 1
Judicial branch: Supreme Court (judges are appointed by the National Assembly)
Political parties and leaders: Democratic Renovation Party [Armindo GRACA]; Force for Change Democratic Movement or MDFM; Independent Democratic Action or ADI [Carlos NEVES]; Movement for the Liberation of Sao Tome and Principe-Social Democratic Party or MLSTP-PSD [Manuel Pinto Da COSTA]; Party for Democratic Convergence or PCD [Aldo BANDEIRA]; Ue-Kedadji coalition; other small parties
International organization participation: ACCT ACP AfDB AU FAO G-77 IBRD ICAO ICCt (signatory) ICFTU ICRM IDA IFAD IFRCS ILO IMF IMO Interpol IOC IOM (observer) IPU ITU NAM OIF OPCW UN UNCTAD UNESCO UNIDO UPU WCL WHO WIPO WMO WToO WTO (observer)
Flag description: three horizontal bands of green (top) yellow (double width) and green with two black five-pointed stars placed side by side in the center of the yellow band and a red isosceles triangle based on the hoist side; uses the popular pan-African colors of Ethiopia
top of pageEconomy overview: This 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 but strengthening prices helped boost export earnings in 2003. Sao Tome has to import all fuels most manufactured goods consumer goods and a substantial amount of food. Over the years it has had difficulty servicing its external debt and has relied heavily on concessional aid and debt rescheduling. Sao Tome benefited from $200 million in debt relief in December 2000 under the Highly Indebted Poor Countries (HIPC) program and is expected to benefit from an additional round of HIPC debt relief in early 2006 to help bring down the country's $300 million debt burden. In August 2005 Sao Tome signed on to a new 3-year IMF Poverty Reduction and Growth Facility (PRGF) program worth $4.3 million. Considerable potential exists for development of a tourist industry and the government has taken steps to expand facilities in recent years. The government also has attempted to reduce price controls and subsidies. Sao Tome is optimistic about the development of petroleum resources in its territorial waters in the oil-rich Gulf of Guinea which are being jointly developed in a 60-40 split with Nigeria. The first production licenses were sold in 2004 though a dispute over licensing with Nigeria delayed Sao Tome's receipt of more than $20 million in signing bonuses for almost a year. Real GDP growth reached 6% in 2004 and also probably in 2005 as a result of increases in public expenditures and oil-related capital investment.
Agriculture products: cocoa coconuts palm kernels copra cinnamon pepper coffee bananas papayas beans; poultry; fish
Industries: light construction textiles soap beer fish processing timber
Exports: $8 million f.o.b. (2005 est.)
Commodities: cocoa 80% copra coffee palm oil
Partners: Netherlands 61.1% Belgium 9.2% Turkey 5.5% South Korea 4% (2005)
Imports: $38 million f.o.b. (2005 est.)
Commodities: machinery and electrical equipment food products petroleum products
Partners: UK 94.2% Portugal 2.7% US 1% (2005)
Exchange rates: dobras per US dollar - 9,900 (2005) (2004) 9,348 (2003) 9,088 (2002) 8,842 (2001)
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