The economy of Sao Tome and Principe, while traditionally dependent on cocoa, is experiencing considerable changes due to investment in the development of its oil industry its territorial waters in the oil-rich waters of the Gulf of Guinea.
Sao Tome is the capital city of Sao Tome and Principe and is the largest town. Sao Tome is an important port and center of the island's road and bus networks.
Sao Tome has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.
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