Economic Trivia

Cabo 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 (2016): Portugal, Spain, and Netherlands
Top 3 Exported Goods (2016): Prepared Meats, Seafood, and Apparel: Non Knit

Top Industries Source: CIA World Factbook

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

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $3,732,628,018 (2017)
GDP Growth Rate (annual %) 3.891% (2017)
GDP Per Capita, PPP (current international) $6,831 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 166/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) -1.408% (2016)
External debt stocks, total (DOD, current US$) $1,539,390,000 (2016)
Total tax rate (% of commercial profits) 36.6% (2017)
Real Interest Rate (5 year average %) 8.255% (2017)
Manufacturing, value added (% of GDP) 7.759% (2017)
Current Account Balance (BoP, current US$) ($124,641,698) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 230,322 (2017)
Employment in Agriculture (% of total employment) 67.654% (2017)
Employment in Industry (% of total employment) 6.938% (2017)
Employment in Services (% of total employment) 25.408% (2017)
Unemployment Rate 10.339% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $1,121,384,369 (2017)
Exports of goods and services (current US$) $686,193,308 (2017)
Total Merchandise Trade (% of GDP) 45.876% (2017)
FDI, net inflows (BoP, current US$) $109,144,061 (2017)
Commercial Service Exports (current US$) $633,819,542 (2017)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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, Cabo 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

Sources

  1. The World Bank