The economy in São Tomé and Príncipe grew by 4.9% in 2011 compared with 4.5% in 2010. The growth was driven by the service, transport, construction and retail sectors. In 2012 the government reported a slight decrease in the growth rate to 4.0%, the result of a reduction in foreign direct investment (FDI) and private and public consumption. Real gross domestic product (GDP) growth is projected to be 5.2% and 5.8% in 2013 and 2014, respectively, thanks to an increase in FDI, the oil signature bonus and the inception of the country’s major infrastructure projects, notably the deep-water seaport.