Sao Tome and Principe: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Sao Tome and Principe |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -4.20 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2018 - 2023 |
| Average | -4.43 |
| Min - Max | -6.20 - -2.40 |
| Source | African Development Bank |
The latest value from 2023 is -4.2 percent, an increase from -6.2 percent in 2022. In comparison, the world average is -2.78 percent, based on data from 138 countries. Historically, the average for Sao Tome and Principe from 2018 to 2023 is -4.43 percent. The minimum value, -6.2 percent, was reached in 2022 while the maximum of -2.4 percent was recorded in 2019.
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* indicates monthly or quarterly data series
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Fiscal balance, percent of GDP | -4.20 | 2023 | percent |
| Government debt | 50.66 | 2023 | percent |
| Commercial tax rate | 37.00 | 2019 | percent |
| Tax preparation time | 424 | 2019 | hours |
| Number of taxes | 46 | 2019 | taxes |
| Foreign aid | 53.13 | 2022 | million U.S. dollars |