Cape Verde: Economy

Economic Trivia

Cape Verde's economy is service-oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Portugal, Spain, and Netherlands
Top 3 Exported Goods (2014): Seafood, Prepared Meats, and Footwear

Top Industries Source: CIA World Factbook

Food and Beverages; Fish Processing; Shoes and Garments; Salt Mining

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $3,350,426,695 (2014)
GDP Growth Rate (annual %) 2.8% (2014)
GDP Per Capita, PPP (current international) $6,520 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 167/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -0.244% (2014)
External debt stocks, total (DOD, current US$) $1,483,651,000 (2013)
Total tax rate (% of commercial profits) 36.5% (2015)
Real Interest Rate (5 year average %) 11.823% (2014)
Manufacturing, value added (% of GDP) 5.445% (2011)
Current Account Balance (BoP, current US$) ($161,487,706) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 244,001 (2014)
Employment in Agriculture (% of total employment) Data unavailable
Employment in Industry (% of total employment) Data unavailable
Employment in Services (% of total employment) Data unavailable
Unemployment Rate 9.2% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $919,377,405 (2012)
Exports of goods and services (current US$) $613,711,088 (2012)
Total Merchandise Trade (% of GDP) 45.438% (2014)
FDI, net inflows (BoP, current US$) $132,441,073 (2014)
Commercial Service Exports (current US$) $601,215,593 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Cape Verde’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary