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African Economic Outlook 2013

Structural Transformation and Natural Resources

image of African Economic Outlook 2013

The African Economic Outlook is the only annual report that monitors in detail the economic performance of 53 individual countries on the continent, using a strictly comparable analytical framework.

The focus of the 2013 edition if structural transformation and natural resources in Africa. This edition draws lessons from Africa and elsewhere on how to accelerate structural change and amplify the positive force of natural resources. The report also features and overview of Africa's performance and prospects, country notes and a rich statistical annex.

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São Tomé and Príncipe

OECD Development Centre

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.

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