International organization participation: ACCT, ACP, AfDB, CEEAC,
CEMAC, ECA, FAO, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFRCS, ILO, IMF,
IMO, Interpol, IOC, IOM (observer), ITU, NAM, OAU, UN, UNCTAD, UNESCO,
UNIDO, UPU, WCL, WHO, WIPO, WMO, WToO, WTrO (observer)
Diplomatic representation in the US: Sao Tome and Principe does not have an embassy in the US, but does have a Permanent Mission to the UN, headed by First Secretary Domingos Augusto FERREIRA, located at 400 Park Avenue, 7th Floor, New York, NY 10022, telephone [1] (212) 317-0580
Diplomatic representation from the US: the US does not have an embassy in Sao Tome and Principe; the Ambassador to Gabon is accredited to Sao Tome and Principe on a nonresident basis and makes periodic visits to the islands
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
Economy Sao Tome and Principe
Economy - overview: This small poor island economy has become increasingly dependent on cocoa since independence 26 years ago. However, cocoa production has substantially declined because of drought and mismanagement. The resulting shortage of cocoa for export has created a persistent balance-of-payments problem. Sao Tome has to import all fuels, most manufactured goods, consumer goods, and a substantial amount of food. Over the years, it has been unable to service its external debt and has had to depend 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. Sao Tome's success in implementing structural reforms has been rewarded by international donors, who have pledged increased assistance in 2001. 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 also optimistic that substantial petroleum discoveries are forthcoming in its territorial waters in the oil-rich waters of the Gulf of Guinea. Corruption scandals continue to weaken the economy.
GDP: purchasing power parity - $189 million (2001 est.)
GDP - real growth rate: 4% (2001 est.)
GDP - per capita: purchasing power parity - $1,200 (2001 est.)
GDP - composition by sector: agriculture: 25% industry: 10% services: 65% (1999 est.)