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Cabo Verde

CPVSub-Saharan Africa Upper middle incomeCapital: Praia
Economy
Fiscal
People
Health
Education
Trade
Energy / Env
Tech
Governance
Equality
Infra
Labor
70/80 indicators · percentile vs world (IMF / WB / WHO)underover
GDP
$3
2027▲ 7.1%
Population
524,877
2024▲ 0.5%
GDP per Capita
$6,467
2027▲ 6.6%
Life Expectancy
76.1 years
2023▲ 0.2%
Cabo Verde in world space2000–2023
1k10k100k505560657075808590GDP per capita (USD, log)Life expectancy (years)20002023
192 countries · log scale on X world Cabo Verde· trajectory line: 1980 → today
▶About Cabo Verde

Cabo Verde's GDP is $3.14B (2026), with a population of 524,877, and GDP per capita of $6,069. Key indicators include real GDP growth of 4.8%, inflation at 2.0%, unemployment at 8.5%, government debt at 101.0% of GDP, life expectancy of 76.1 years. Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators.

Located in Sub-Saharan Africa, this upper middle-income country has a GDP of $3.14 billion, ranking 168th globally. The economy is projected to grow by 4.8% in 2026, with a GDP per capita of $6,000. The country exhibits strong trade openness, with trade accounting for 96.5% of GDP, and foreign direct investment inflows at 4.0% of GDP. Inflation is stable at 2.0%, while the unemployment rate is expected to be 8.5% in 2026. The capital, Praia, serves as the economic hub. The country's economic resilience is bolstered by its strategic location and growing tourism sector. The population is approximately 524,877, with a life expectancy of 76.1 years. The adult literacy rate stands at 88.5%, reflecting significant investments in education. Health spending is 5.8% of GDP, indicating a commitment to public health. The fertility rate is 1.5 births per woman, suggesting a low population growth rate. Unemployment is projected to decrease to 8.5% in 2026 from 11.9% in 2025, highlighting ongoing efforts to improve economic opportunities. The GNI per capita is $5,000, underscoring the country's progress in economic development

▶Economy30 indicators · 2021–2027 · IMF / WB
IndicatorValueYearΔ YoYSrc
GDP (Current USD, Billions)$32027▲ 7.1%IMF
Real GDP Growth (%)4.8%2027▲ 0.0%IMF
GDP per Capita (USD)$6,4672027▲ 6.6%IMF
GDP, PPP (Billions Intl $)$72027▲ 6.6%IMF
GDP per Capita, PPP (Intl $)$13,8762027▲ 6.0%IMF
Share of World GDP, PPP (%)0.00%2027▲ 0.0%IMF
GNI (Current USD)$2.68B2024▲ 8.3%WB
GNI per Capita (USD)$4,9502024▲ 4.4%WB
GNI per Capita, PPP (USD)$11,0002024▲ 8.8%WB
Industry Value Added (% of GDP)10.7%2024▼ 2.8%WB
Services Value Added (% of GDP)68.7%2024▼ 0.2%WB
Agriculture Value Added (% of GDP)4.9%2024▲ 1.3%WB
Government Consumption (% of GDP)22.1%2024▼ 2.0%WB
Household Consumption (% of GDP)73.0%2024▲ 1.2%WB
Gross Capital Formation (% of GDP)16.4%2024▼ 24.6%WB
Gross Savings (% of GNI)20.3%2024▼ 2.5%WB
GDP Deflator (%)1.6%2024▼ 51.3%WB
GDP per Person Employed (USD)$26,3222024▲ 5.7%WB
Manufacturing Value Added (% of GDP)5.1%2024▲ 3.8%WB
Medium/High-Tech Manufacturing (% of total)27.1%2022▲ 0.0%WB
Adjusted Net National Income per Capita (USD)$3,2102021▲ 13.0%WB
Adjusted Net Savings (% of GNI)23.8%2021▼ 8.1%WB
External Balance on Goods & Services (% of GDP)-11.5%2024▲ 30.1%WB
Coal Rents (% of GDP)17.18%2021▲ 55.2%WB
Mineral Rents (% of GDP)0.00%2021—WB
Oil Rents (% of GDP)0.00%2021—WB
Natural Gas Rents (% of GDP)0.00%2021—WB
Total Natural Resources Rents (% of GDP)17.7%2021▲ 52.4%WB
Forest Rents (% of GDP)0.48%2021▼ 6.8%WB
Industry Value Added (Current USD)$290.7M2024▲ 5.7%WB
▶Fiscal & Monetary23 indicators · 2020–2027 · IMF / WB
IndicatorValueYearΔ YoYSrc
Inflation, Consumer Prices (%)2.0%2027▲ 0.0%IMF
Govt Gross Debt (% of GDP)95.5%2027▼ 5.4%IMF
Fiscal Balance (% of GDP)-0.4%2027▲ 55.6%IMF
Current Account Balance (% of GDP)-3.1%2027▼ 34.8%IMF
Total Investment (% of GDP)21.8%2026▼ 1.7%IMF
Gross National Savings (% of GDP)19.4%2026▼ 8.6%IMF
Unemployment Rate (%)8.5%2027▲ 0.0%IMF
Inflation, CPI (%, World Bank)1.0%2024▼ 71.9%WB
Real Interest Rate (%)6.1%2024▲ 47.7%WB
Lending Interest Rate (%)7.8%2024▲ 3.5%WB
Deposit Interest Rate (%)1.7%2024▲ 119.3%WB
Government Revenue (% of GDP)21.6%2020—WB
Government Expenditure (% of GDP)30.9%2020—WB
Tax Revenue (% of GDP)18.4%2020—WB
Taxes on Goods & Services (% of revenue)36.2%2020—WB
Taxes on International Trade (% of revenue)15.0%2020—WB
Taxes on Income, Profits & Capital Gains (% of rev)22.7%2020—WB
Net Investment in Nonfinancial Assets (% of GDP)3.4%2020—WB
Total Reserves incl. Gold (USD)$783.1M2024▼ 6.5%WB
Total Reserves (months of imports)62024▼ 10.6%WB
Official Exchange Rate (per USD)101.922024▲ 0.1%WB
PPP Conversion Factor47.272024▼ 0.8%WB
Broad Money (% of GDP)93.9%2023▼ 1.8%WB
▶Trade15 indicators · 2023–2024 · WB
IndicatorValueYearΔ YoYSrc
Trade (% of GDP)96.5%2024▲ 1.5%WB
Exports of Goods & Services (% of GDP)42.5%2024▲ 8.2%WB
Imports of Goods & Services (% of GDP)54.0%2024▼ 3.1%WB
Exports of Goods & Services (USD)$1.16B2024▲ 17.7%WB
Imports of Goods & Services (USD)$1.47B2024▲ 5.4%WB
Merchandise Exports (USD)$75.0M2024▲ 36.4%WB
Merchandise Imports (USD)$1.80B2024▼ 1.7%WB
FDI Inflows (% of GDP)4.0%2024▼ 36.4%WB
FDI Outflows (% of GDP)0.8%2024▲ 155.2%WB
FDI Net Inflows (USD)$109.9M2024▼ 30.7%WB
Personal Remittances Received (USD)$334.0M2024▲ 5.6%WB
Personal Remittances Received (% of GDP)12.3%2024▼ 3.0%WB
High-Tech Exports (% of manufactured)1.2%2023▼ 66.9%WB
Current Account Balance (% of GDP)3.9%2024▲ 241.2%WB
Current Account Balance (USD)$106.6M2024▲ 253.7%WB
▶External Debt7 indicators · 2023–2024 · WB
IndicatorValueYearΔ YoYSrc
External Debt (% of GNI)86.9%2024▼ 11.5%WB
External Debt Stocks (USD)$2.36B2024▼ 4.2%WB
Total Debt Service (% of GNI)5.7%2024▼ 8.0%WB
Present Value of External Debt (USD)$1.32B2024—WB
Use of IMF Credit (USD)$126.3M2024▲ 14.0%WB
Net ODA Received (% of GNI)4.1%2023▲ 8.8%WB
Net ODA Received (USD)$101.7M2023▲ 21.2%WB
▶Finance3 indicators · 2023–2024 · WB
IndicatorValueYearΔ YoYSrc
Domestic Credit by Financial Sector (% of GDP)69.7%2024▼ 7.2%WB
Domestic Credit to Private Sector (% of GDP)56.3%2023▼ 2.7%WB
Firms Using Banks to Finance Investment (%)13.5%2024—WB
▶Business Environment1 indicator · 2024 · WB
IndicatorValueYearΔ YoYSrc
Time to Get Electricity (days)242024—WB
▶Private Sector6 indicators · 2024 · WB
IndicatorValueYearΔ YoYSrc
Firms Expected to Pay Bribes (%)0.6%2024—WB
Firms with Female Top Manager (%)48.4%2024—WB
Firms with Female Participation in Ownership (%)26.7%2024—WB
Firms Offering Training (%)14.2%2024—WB
Average Firm Age (years)16 years2024—WB
Firms Using Computers (%)47.0%2024—WB
▶People23 indicators · 2023–2025 · WB
IndicatorValueYearΔ YoYSrc
Population524,8772024▲ 0.5%WB
Population Growth (%)0.5%2024▼ 2.2%WB
Population Density (per km²)1302023▲ 0.5%WB
Surface Area (sq km)4,0302023▲ 0.0%WB
Land Area (sq km)4,0302023▲ 0.0%WB
Urban Population (%)76.8%2024▲ 1.1%WB
Urban Population (total)402,9592024▲ 1.6%WB
Rural Population (%)23.2%2024▼ 3.6%WB
Life Expectancy at Birth76.1 years2023▲ 0.2%WB
Life Expectancy, Male72.9 years2023▲ 0.2%WB
Life Expectancy, Female79.2 years2023▲ 0.2%WB
Fertility Rate (births per woman)1.52023▼ 0.7%WB
Birth Rate (per 1,000)12.32023▼ 0.9%WB
Death Rate (per 1,000)5.12023▲ 1.1%WB
Net Migration-1,2842025▼ 6.2%WB
Population Ages 0–14 (%)25.5%2024▼ 3.1%WB
Population Ages 15–64 (%)67.6%2024▲ 0.8%WB
Population Ages 65+ (%)6.9%2024▲ 4.2%WB
Age Dependency Ratio (%)47.9%2024▼ 2.4%WB
Old-Age Dependency Ratio (%)10.1%2024▲ 3.4%WB
Youth Dependency Ratio (%)37.8%2024▼ 3.9%WB
Mortality Rate, Adult Male (per 1,000)162.12023▼ 1.4%WB
Mortality Rate, Adult Female (per 1,000)59.72023▼ 1.2%WB
▶Labor18 indicators · 2019–2025 · WB
IndicatorValueYearΔ YoYSrc
Total Labor Force226,4482025▲ 1.6%WB
Labor Force Participation (%)57.0%2025▼ 0.0%WB
Female Labor Force Participation (%)50.5%2025▲ 0.1%WB
Male Labor Force Participation (%)63.4%2025▼ 0.1%WB
Unemployment (%)11.9%2025▲ 0.5%WB
Female Unemployment (%)11.4%2025▲ 0.6%WB
Male Unemployment (%)12.4%2025▲ 0.4%WB
Youth Unemployment (%)28.4%2025▲ 1.1%WB
Employment in Agriculture (%)9.2%2025▼ 3.4%WB
Employment in Industry (%)23.1%2025▲ 0.8%WB
Employment in Services (%)67.7%2025▲ 0.2%WB
Vulnerable Employment (%)34.3%2025▼ 1.2%WB
Wage & Salaried Workers (% of total)61.5%2025▲ 0.7%WB
Employers (% of total employment)4.2%2025▼ 0.2%WB
Labor Force, Female (% of total)43.6%2025▲ 0.1%WB
Employment to Population Ratio (%)50.2%2025▼ 0.1%WB
Self-Employed (% of total)38.5%2025▼ 1.1%WB
NEET Youth (% not in education/employment)28.0%2019—WB
▶Education20 indicators · 2017–2024 · WB
IndicatorValueYearΔ YoYSrc
Education Spending (% of GDP)4.3%2023▼ 8.0%WB
Education Spending (% of govt expenditure)13.4%2024▼ 8.8%WB
Adult Literacy Rate (%)88.5%2024—WB
Female Literacy Rate (%)84.1%2024—WB
Male Literacy Rate (%)92.9%2024—WB
Youth Literacy Rate (%)98.3%2024—WB
Primary School Enrollment (%)103.0%2022▼ 0.1%WB
Secondary School Enrollment (%)96.4%2022▼ 0.6%WB
Primary Completion Rate (%)99.1%2022▲ 5.5%WB
Lower Secondary Completion Rate (%)83.0%2022▼ 18.1%WB
Out-of-School Children, Primary24,8512022▲ 777.5%WB
Out-of-School Girls, Primary14,7642022▲ 1593.1%WB
Primary School Teachers3,0312022▼ 1.3%WB
Secondary School Teachers3,5342022▼ 2.6%WB
Pupil-Teacher Ratio, Primary212018—WB
Pupil-Teacher Ratio, Secondary152018—WB
Expenditure per Student, Primary (% of GDP/cap)38.1%2017—WB
Pupil-Teacher Ratio (Primary)94.92021▼ 1.9%WB
Education Spending, Secondary (% of govt)39.9%2017—WB
Education Spending, Tertiary (% of govt)17.2%2017—WB
▶Health39 indicators · 2018–2024 · WHO
IndicatorValueYearΔ YoYSrc
Health Spending (% of GDP)5.8%2023▼ 12.7%WHO
Health Spending per Capita (USD)$2902023▼ 2.3%WHO
Government Health Spending (% of GDP)3.4%2023▼ 17.8%WHO
Out-of-Pocket Health Spending (% of total)25.7%2023▲ 16.6%WHO
Physicians (per 1,000 people)0.72023▲ 1.7%WHO
Nurses & Midwives (per 1,000)1.82023▼ 1.6%WHO
Hospital Beds (per 1,000)2.22022—WHO
Infant Mortality (per 1,000 live births)11.62023▼ 4.1%WHO
Neonatal Mortality (per 1,000)8.32023▼ 3.5%WHO
Maternal Mortality (per 100,000)402023▼ 4.8%WHO
Under-5 Mortality, Female (per 1,000)10.52023▼ 4.5%WHO
Under-5 Mortality, Male (per 1,000)12.62023▼ 4.5%WHO
Cause of Death, Communicable (%)15.8%2019—WHO
Cause of Death, Non-Communicable (%)70.1%2019—WHO
Cause of Death, Injury (%)14.1%2019—WHO
Measles Immunization (% of children)95.0%2024▲ 0.0%WHO
DPT Immunization (% of children)93.0%2024▲ 0.0%WHO
HIV Incidence (per 1,000)0.412024▲ 0.0%WHO
Tuberculosis Incidence (per 100,000)472024▼ 11.3%WHO
Smoking Prevalence, Males (%)16.7%2022▼ 1.8%WHO
Smoking Prevalence, Females (%)5.2%2022▼ 3.7%WHO
Suicide Mortality Rate (per 100,000)14.92021▲ 8.8%WHO
Alcohol Consumption (liters per capita)62020—WHO
Maternal Deaths32023▼ 4.3%WHO
Tuberculosis Incidence (per 100K)472024▼ 11.3%WHO
People Living with HIV3,9002024▲ 5.4%WHO
Malaria Deaths (estimated)22024—WHO
Malaria Incidence (per 1K at risk)0.12024—WHO
DTP3 Immunization Coverage (%)93%2024▲ 0.0%WHO
Measles Immunization Coverage (%)95%2024▲ 0.0%WHO
Hepatitis B Immunization Coverage (%)93%2024▲ 0.0%WHO
Physicians (total)72023▲ 1.7%WHO
Nursing & Midwifery Personnel182023▲ 1.0%WHO
Dentists (total)9392023▲ 1.5%WHO
Child Wasting (<5 years, %)2.4%2018—WHO
Child Underweight (<5 years, %)2.2%2018—WHO
Universal Health Coverage Index712023▲ 0.0%WHO
Road Traffic Death Rate (per 100K)972021—WHO
Health Expenditure per Capita (WHO, USD)$2902023▼ 2.3%WHO
▶Energy & Environment14 indicators · 2020–2024 · WB / WHO
IndicatorValueYearΔ YoYSrc
CO₂ Emissions (tonnes per capita)1.32024▲ 3.4%WB
CO₂ Emissions (total kilotonnes)12024▲ 3.9%WB
Renewable Electricity Output (%)18.3%2021▲ 8.6%WB
Renewable Energy Consumption (%)21.8%2022▼ 3.5%WB
Access to Electricity (%)98.6%2023▲ 1.5%WB
Access to Clean Fuels for Cooking (%)83.9%2023▲ 1.1%WB
PM2.5 Air Pollution (µg/m³)42.32020—WB
Forest Area (%)11.6%2023▲ 0.6%WB
Forest Area (sq km)4662023▲ 0.6%WB
Arable Land (%)12.4%2023▲ 0.0%WB
Terrestrial Protected Areas (%)0.2%2024—WB
Marine Protected Areas (%)0.1%2024—WB
Access to Basic Drinking Water (%)92.3%2024▲ 1.2%WHO
Access to Basic Sanitation (%)83.1%2024▲ 0.0%WHO
▶Agriculture11 indicators · 2022–2023 · WB
IndicatorValueYearΔ YoYSrc
Agricultural Land (%)19.6%2023▲ 0.0%WB
Cereal Yield (kg per hectare)232023▲ 100.0%WB
Food Production Index (2014–2016=100)74.82022▼ 1.5%WB
Crop Production Index (2014–2016=100)66.22022▼ 6.2%WB
Livestock Production Index (2014–2016=100)88.72022▲ 4.8%WB
Land Under Cereal Production (hectares)20,1902023▲ 4.4%WB
Total Fisheries Production (metric tonnes)8,1382023▲ 4.9%WB
Fertilizer Consumption (kg per hectare)3.52023▲ 12.7%WB
Prevalence of Undernourishment (%)13.5%2023▲ 5.5%WB
Annual Freshwater Withdrawals (% of internal)59.7%2022▲ 4.4%WB
Cereal Production (metric tons)4642023▲ 109.4%WB
▶Technology11 indicators · 2020–2024 · WB
IndicatorValueYearΔ YoYSrc
Internet Users (%)73.5%2023▲ 1.1%WB
Mobile Subscriptions (per 100 people)1132023▼ 0.2%WB
Fixed Broadband Subscriptions (per 100)7.22023▲ 10.1%WB
Secure Internet Servers (per million)857.32024▼ 9.9%WB
Patent Applications, Residents12021▲ 0.0%WB
Patent Applications, Non-Residents12021▼ 75.0%WB
Scientific Journal Articles222022▼ 6.7%WB
High-Technology Exports (USD)$73,8762023▼ 52.5%WB
ICT Service Exports (% of service exports)1.5%2024▼ 3.1%WB
ICT Service Exports (USD)$12.2M2024▲ 12.9%WB
Industrial Design Applications, Resident42020—WB
▶Infrastructure5 indicators · 2021–2023 · WB
IndicatorValueYearΔ YoYSrc
Air Transport, Passengers Carried71,7842023▼ 61.3%WB
Air Transport, Freight (million ton-km)0.12023▲ 213.7%WB
Container Port Traffic (TEU)82,8712022▲ 3.9%WB
Electricity from Oil (%)81.7%2021▼ 1.7%WB
Electricity from Nuclear (%)0.0%2021—WB
▶Gender7 indicators · 2018–2025 · WB
IndicatorValueYearΔ YoYSrc
Women in Parliament (%)38.9%2024▼ 6.7%WB
Female Wage & Salaried Workers (%)52.8%2025▲ 1.0%WB
Girls Out-of-School Rate (%)98.3%2018—WB
Adolescent Fertility Rate (per 1,000)38.82023▲ 0.2%WB
Gender Parity Index, Primary98.902018—WB
Gender Parity Index, Secondary1.092019—WB
Gender Parity in Primary Education0.942019—WB
▶Governance10 indicators · 2023 · WB
IndicatorValueYearΔ YoYSrc
Control of Corruption0.982023▲ 2.6%WB
Government Effectiveness0.012023▼ 34.4%WB
Political Stability0.92023▼ 2.6%WB
Regulatory Quality0.242023▼ 7.9%WB
Rule of Law0.42023▲ 0.4%WB
Voice & Accountability0.962023▲ 1.3%WB
Control of Corruption (percentile rank)81.1%2023▲ 0.6%WB
Government Effectiveness (percentile rank)52.4%2023▼ 1.8%WB
Rule of Law (percentile rank)61.8%2023▲ 0.0%WB
Political Stability (percentile rank)79.1%2023▼ 1.3%WB
▶Military6 indicators · 2020–2024 · WB
IndicatorValueYearΔ YoYSrc
Military Spending (% of GDP)0.6%2024▲ 10.1%WB
Military Expenditure (USD)$16.8M2024▲ 17.2%WB
Armed Forces Personnel1,0002020—WB
Armed Forces (% of labor force)0.5%2020—WB
Military Spending (% of govt expenditure)2.0%2024▼ 8.1%WB
Intentional Homicides (per 100,000)72020—WB
▶Poverty & Inequality1 indicator · 2023 · WB
IndicatorValueYearΔ YoYSrc
Poverty Headcount, National (%)24.8%2023—WB
▶Tourism5 indicators · 2020 · WB
IndicatorValueYearΔ YoYSrc
International Tourism, Arrivals180,0002020—WB
Tourism Receipts (USD)$169.0M2020—WB
Tourism Expenditures (USD)$59.0M2020—WB
Tourism Receipts (% of total exports)39.9%2020—WB
International Tourism, Transport Services (USD)$10.0M2020—WB
▶Urban Development3 indicators · 2022–2024 · WB
IndicatorValueYearΔ YoYSrc
Urban Population Growth (%)1.6%2024▼ 2.0%WB
Population in Slums (% of urban)46.4%2022▼ 0.6%WB
Rural Population Growth (%)-3.2%2024▼ 3.6%WB

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