Sao Tome and Principe: Government debt

* indicates monthly or quarterly data series
 Sao Tome and Principe

Government debt as percent of GDP

 Latest value 58.15
 Year 2022
 Measure percent
 Data availability 2001 - 2022
 Average 150.32
 Min - Max 58.15 - 418.38
 Source International Monetary Fund (IMF)
For that indicator, we provide data for Sao Tome and Principe from 2001 to 2022. The average value for Sao Tome and Principe during that period was 150.32 percent with a minimum of 58.15 percent in 2022 and a maximum of 418.38 percent in 2001. The latest value from 2022 is 58.15 percent. For comparison, the world average in 2022 based on 161 countries is 61.64 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Sao Tome and Principe - Government debt - Recent values chart

Historical chart
Sao Tome and Principe - Government debt - historical chart - 2001-2022

The government debt in Sao Tome and Principe and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

 Related indicators Latest value Reference Measure
 Fiscal balance, percent of GDP -7.20 2022 percent
 Government debt 58.15 2022 percent
 Commercial tax rate 37.00 2019 percent
 Tax preparation time 424 2019 hours
 Number of taxes 46 2019 taxes
 Foreign aid 69.81 2021 million U.S. dollars
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