Since the 1800s, the economy of São Tomé and Príncipe has been based on plantation agriculture The main crop on São Tomé is cocoa, representing about 95% of exports. Other export crops include copra, palm kernels, and coffee. Other than agriculture, the main economic activities are fishing and a small industrial sector engaged in processing local agricultural products and producing a few basic consumer goods. The scenic islands have potential for tourism, and the government is attempting to improve its rudimentary tourist industry infrastructure Following independence, the country had a centrally directed economy with most means of production owned and controlled by the state. The original constitution guaranteed a “mixed economy,” with privately owned cooperatives combined with publicly owned property and means of production.
Country Population: 157,000
Country Capital: Sao Tome
Country Currency: Sao Tome and Principe dobra