Cabo Verde
Capital: PraiaRegion: Sub-Saharan Africa Income: Upper middle income
GDP
$3.14B
2026
Population
524,877
2024
GDP per Capita
$6K
2026
Life Expectancy
76.1 years
2023
Economy
| Indicator | Value | Year |
|---|---|---|
| GDP (Current USD, Billions) | $3.14B | 2026 |
| Real GDP Growth (%) | 4.8% | 2026 |
| GDP per Capita (USD) | $6K | 2026 |
| GDP, PPP (Billions Intl $) | $6.77B | 2026 |
| GDP per Capita, PPP (Intl $) | $13K | 2026 |
| Share of World GDP, PPP (%) | 0.00% | 2026 |
| GNI (Current USD) | $2.68B | 2024 |
| GNI per Capita (USD) | $5K | 2024 |
| GNI per Capita, PPP (USD) | $11K | 2024 |
| Industry Value Added (% of GDP) | 10.7% | 2024 |
| Services Value Added (% of GDP) | 68.7% | 2024 |
| Agriculture Value Added (% of GDP) | 4.9% | 2024 |
| Government Consumption (% of GDP) | 22.1% | 2024 |
| Household Consumption (% of GDP) | 73.0% | 2024 |
| Gross Capital Formation (% of GDP) | 16.4% | 2024 |
| Gross Savings (% of GNI) | 20.3% | 2024 |
| GDP Deflator (%) | 1.6% | 2024 |
| GDP per Person Employed (USD) | $26K | 2024 |
| Manufacturing Value Added (% of GDP) | 5.1% | 2024 |
| Medium/High-Tech Manufacturing (% of total) | 27.1% | 2022 |
| Adjusted Net National Income per Capita (USD) | $3K | 2021 |
| Adjusted Net Savings (% of GNI) | 23.8% | 2021 |
| External Balance on Goods & Services (% of GDP) | -11.5% | 2024 |
| Coal Rents (% of GDP) | 17.18% | 2021 |
| Mineral Rents (% of GDP) | 0.00% | 2021 |
| Oil Rents (% of GDP) | 0.00% | 2021 |
| Natural Gas Rents (% of GDP) | 0.00% | 2021 |
| Total Natural Resources Rents (% of GDP) | 17.7% | 2021 |
| Forest Rents (% of GDP) | 0.48% | 2021 |
| Industry Value Added (Current USD) | $290.7M | 2024 |
Fiscal & Monetary
| Indicator | Value | Year |
|---|---|---|
| Inflation, Consumer Prices (%) | 2.0% | 2026 |
| Govt Gross Debt (% of GDP) | 101.0% | 2026 |
| Fiscal Balance (% of GDP) | -0.9% | 2026 |
| Current Account Balance (% of GDP) | -2.3% | 2026 |
| Total Investment (% of GDP) | 21.8% | 2026 |
| Gross National Savings (% of GDP) | 19.4% | 2026 |
| Unemployment Rate (%) | 8.5% | 2026 |
| Inflation, CPI (%, World Bank) | 1.0% | 2024 |
| Lending Interest Rate (%) | 7.8% | 2024 |
| Deposit Interest Rate (%) | 1.7% | 2024 |
| Government Revenue (% of GDP) | 21.6% | 2020 |
| Tax Revenue (% of GDP) | 18.4% | 2020 |
| Taxes on Goods & Services (% of revenue) | 36.2% | 2020 |
| Taxes on Income, Profits & Capital Gains (% of rev) | 22.7% | 2020 |
| Net Investment in Nonfinancial Assets (% of GDP) | 3.4% | 2020 |
| Total Reserves incl. Gold (USD) | $783.1M | 2024 |
| Total Reserves (months of imports) | 6.0 | 2024 |
| Official Exchange Rate (per USD) | 101.92 | 2024 |
| Broad Money (% of GDP) | 93.9% | 2023 |
Trade
| Indicator | Value | Year |
|---|---|---|
| Trade (% of GDP) | 96.5% | 2024 |
| Imports of Goods & Services (% of GDP) | 54.0% | 2024 |
| Exports of Goods & Services (USD) | $1.16B | 2024 |
| Imports of Goods & Services (USD) | $1.47B | 2024 |
| Merchandise Exports (USD) | $75.0M | 2024 |
| Merchandise Imports (USD) | $1.80B | 2024 |
| FDI Inflows (% of GDP) | 4.0% | 2024 |
| FDI Outflows (% of GDP) | 0.8% | 2024 |
| FDI Net Inflows (USD) | $109.9M | 2024 |
| Personal Remittances Received (USD) | $334.0M | 2024 |
| Personal Remittances Received (% of GDP) | 12.3% | 2024 |
| High-Tech Exports (% of manufactured) | 1.2% | 2023 |
| Current Account Balance (% of GDP) | 3.9% | 2024 |
| Current Account Balance (USD) | $106.6M | 2024 |
External Debt
| Indicator | Value | Year |
|---|---|---|
| External Debt (% of GNI) | 86.9% | 2024 |
| External Debt Stocks (USD) | $2.36B | 2024 |
| Total Debt Service (% of GNI) | 5.7% | 2024 |
| Present Value of External Debt (USD) | $1.32B | 2024 |
| Use of IMF Credit (USD) | $126.3M | 2024 |
| Net ODA Received (% of GNI) | 4.1% | 2023 |
Finance
| Indicator | Value | Year |
|---|---|---|
| Domestic Credit by Financial Sector (% of GDP) | 69.7% | 2024 |
| Domestic Credit to Private Sector (% of GDP) | 56.3% | 2023 |
| Firms Using Banks to Finance Investment (%) | 13.5% | 2024 |
Business Environment
| Indicator | Value | Year |
|---|---|---|
| Time to Get Electricity (days) | 24 | 2024 |
Private Sector
| Indicator | Value | Year |
|---|---|---|
| Firms Expected to Pay Bribes (%) | 0.6% | 2024 |
| Firms with Female Top Manager (%) | 48.4% | 2024 |
| Firms with Female Participation in Ownership (%) | 26.7% | 2024 |
| Average Firm Age (years) | 16 years | 2024 |
| Firms Using Computers (%) | 47.0% | 2024 |
People
| Indicator | Value | Year |
|---|---|---|
| Population | 524,877 | 2024 |
| Population Growth (%) | 0.5% | 2024 |
| Population Density (per km²) | 130 | 2023 |
| Surface Area (sq km) | 4,030 | 2023 |
| Land Area (sq km) | 4,030 | 2023 |
| Urban Population (%) | 76.8% | 2024 |
| Urban Population (total) | 402,959 | 2024 |
| Rural Population (%) | 23.2% | 2024 |
| Life Expectancy at Birth | 76.1 years | 2023 |
| Life Expectancy, Male | 72.9 years | 2023 |
| Life Expectancy, Female | 79.2 years | 2023 |
| Fertility Rate (births per woman) | 1.5 | 2023 |
| Birth Rate (per 1,000) | 12.3 | 2023 |
| Death Rate (per 1,000) | 5.1 | 2023 |
| Net Migration | -1,284 | 2025 |
| Population Ages 0–14 (%) | 25.5% | 2024 |
| Population Ages 15–64 (%) | 67.6% | 2024 |
| Population Ages 65+ (%) | 6.9% | 2024 |
| Age Dependency Ratio (%) | 47.9% | 2024 |
| Mortality Rate, Adult Male (per 1,000) | 162.1 | 2023 |
| Mortality Rate, Adult Female (per 1,000) | 59.7 | 2023 |
Labor
| Indicator | Value | Year |
|---|---|---|
| Total Labor Force | 226,448 | 2025 |
| Labor Force Participation (%) | 57.0% | 2025 |
| Female Labor Force Participation (%) | 50.5% | 2025 |
| Male Labor Force Participation (%) | 63.4% | 2025 |
| Unemployment (%) | 11.9% | 2025 |
| Female Unemployment (%) | 11.4% | 2025 |
| Male Unemployment (%) | 12.4% | 2025 |
| Youth Unemployment (%) | 28.4% | 2025 |
| Employment in Agriculture (%) | 9.2% | 2025 |
| Employment in Industry (%) | 23.1% | 2025 |
| Employment in Services (%) | 67.7% | 2025 |
| Vulnerable Employment (%) | 34.3% | 2025 |
| Wage & Salaried Workers (% of total) | 61.5% | 2025 |
| Employers (% of total employment) | 4.2% | 2025 |
| Labor Force, Female (% of total) | 43.6% | 2025 |
Education
| Indicator | Value | Year |
|---|---|---|
| Education Spending (% of GDP) | 4.3% | 2023 |
| Education Spending (% of govt expenditure) | 13.4% | 2024 |
| Adult Literacy Rate (%) | 88.5% | 2024 |
| Male Literacy Rate (%) | 92.9% | 2024 |
| Youth Literacy Rate (%) | 98.3% | 2024 |
| Primary School Enrollment (%) | 103.0% | 2022 |
| Secondary School Enrollment (%) | 96.4% | 2022 |
| Primary Completion Rate (%) | 99.1% | 2022 |
| Lower Secondary Completion Rate (%) | 83.0% | 2022 |
| Out-of-School Children, Primary | 24,851 | 2022 |
| Out-of-School Girls, Primary | 14,764 | 2022 |
| Primary School Teachers | 3,031 | 2022 |
| Secondary School Teachers | 3,534 | 2022 |
| Pupil-Teacher Ratio, Primary | 21 | 2018 |
| Pupil-Teacher Ratio, Secondary | 15 | 2018 |
| Expenditure per Student, Primary (% of GDP/cap) | 38.1% | 2017 |
Health
| Indicator | Value | Year |
|---|---|---|
| Health Spending (% of GDP) | 5.8% | 2023 |
| Health Spending per Capita (USD) | $290 | 2023 |
| Government Health Spending (% of GDP) | 3.4% | 2023 |
| Out-of-Pocket Health Spending (% of total) | 25.7% | 2023 |
| Physicians (per 1,000 people) | 0.7 | 2023 |
| Nurses & Midwives (per 1,000) | 1.8 | 2023 |
| Hospital Beds (per 1,000) | 2.2 | 2022 |
| Infant Mortality (per 1,000 live births) | 11.6 | 2023 |
| Under-5 Mortality, Female (per 1,000) | 10.5 | 2023 |
| Under-5 Mortality, Male (per 1,000) | 12.6 | 2023 |
| Cause of Death, Communicable (%) | 15.8% | 2019 |
| Cause of Death, Non-Communicable (%) | 70.1% | 2019 |
| Cause of Death, Injury (%) | 14.1% | 2019 |
| Measles Immunization (% of children) | 95.0% | 2024 |
| DPT Immunization (% of children) | 93.0% | 2024 |
| HIV Incidence (per 1,000) | 0.41 | 2024 |
| Tuberculosis Incidence (per 100,000) | 47 | 2024 |
| Smoking Prevalence, Males (%) | 16.7% | 2022 |
| Smoking Prevalence, Females (%) | 5.2% | 2022 |
| Suicide Mortality Rate (per 100,000) | 14.9 | 2021 |
| Alcohol Consumption (liters per capita) | 6.0 | 2020 |
Energy & Environment
| Indicator | Value | Year |
|---|---|---|
| Renewable Electricity Output (%) | 18.3% | 2021 |
| Renewable Energy Consumption (%) | 21.8% | 2022 |
| Access to Clean Fuels for Cooking (%) | 83.9% | 2023 |
| PM2.5 Air Pollution (µg/m³) | 42.3 | 2020 |
| Forest Area (%) | 11.6% | 2023 |
| Forest Area (sq km) | 466 | 2023 |
| Terrestrial Protected Areas (%) | 0.2% | 2024 |
| Marine Protected Areas (%) | 0.1% | 2024 |
| Access to Basic Drinking Water (%) | 92.3% | 2024 |
| Access to Basic Sanitation (%) | 83.1% | 2024 |
Agriculture
| Indicator | Value | Year |
|---|---|---|
| Agricultural Land (%) | 19.6% | 2023 |
| Cereal Yield (kg per hectare) | 23 | 2023 |
| Food Production Index (2014–2016=100) | 74.8 | 2022 |
| Crop Production Index (2014–2016=100) | 66.2 | 2022 |
| Livestock Production Index (2014–2016=100) | 88.7 | 2022 |
| Land Under Cereal Production (hectares) | 20,190 | 2023 |
| Fertilizer Consumption (kg per hectare) | 3.5 | 2023 |
| Annual Freshwater Withdrawals (% of internal) | 59.7% | 2022 |
Technology
| Indicator | Value | Year |
|---|---|---|
| Internet Users (%) | 73.5% | 2023 |
| Fixed Broadband Subscriptions (per 100) | 7.2 | 2023 |
| Secure Internet Servers (per million) | 857.3 | 2024 |
| Patent Applications, Residents | 1 | 2021 |
| Patent Applications, Non-Residents | 1 | 2021 |
| Scientific Journal Articles | 22 | 2022 |
| High-Technology Exports (USD) | $74K | 2023 |
| ICT Service Exports (% of service exports) | 1.5% | 2024 |
| Industrial Design Applications, Resident | 4 | 2020 |
Infrastructure
| Indicator | Value | Year |
|---|---|---|
| Air Transport, Passengers Carried | 71,784 | 2023 |
| Air Transport, Freight (million ton-km) | 0.1 | 2023 |
| Container Port Traffic (TEU) | 82,871 | 2022 |
| Electricity from Oil (%) | 81.7% | 2021 |
| Electricity from Nuclear (%) | 0.0% | 2021 |
Gender
| Indicator | Value | Year |
|---|---|---|
| Women in Parliament (%) | 38.9% | 2024 |
| Female Wage & Salaried Workers (%) | 52.8% | 2025 |
| Girls Out-of-School Rate (%) | 98.3% | 2018 |
| Adolescent Fertility Rate (per 1,000) | 38.8 | 2023 |
| Gender Parity Index, Secondary | 1.09 | 2019 |
Governance
| Indicator | Value | Year |
|---|---|---|
| Control of Corruption | 0.98 | 2023 |
| Government Effectiveness | 0.01 | 2023 |
| Regulatory Quality | 0.24 | 2023 |
| Voice & Accountability | 0.96 | 2023 |
| Control of Corruption (percentile rank) | 81.1% | 2023 |
| Government Effectiveness (percentile rank) | 52.4% | 2023 |
| Rule of Law (percentile rank) | 61.8% | 2023 |
| Political Stability (percentile rank) | 79.1% | 2023 |
Military
| Indicator | Value | Year |
|---|---|---|
| Military Spending (% of GDP) | 0.6% | 2024 |
| Armed Forces (% of labor force) | 0.5% | 2020 |
| Intentional Homicides (per 100,000) | 7.0 | 2020 |
Tourism
| Indicator | Value | Year |
|---|---|---|
| International Tourism, Arrivals | 180,000 | 2020 |
| Tourism Receipts (USD) | $169.0M | 2020 |
| Tourism Expenditures (USD) | $59.0M | 2020 |
| Tourism Receipts (% of total exports) | 39.9% | 2020 |
| International Tourism, Transport Services (USD) | $10.0M | 2020 |
Urban Development
| Indicator | Value | Year |
|---|---|---|
| Population in Slums (% of urban) | 46.4% | 2022 |
| Rural Population Growth (%) | -3.2% | 2024 |