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Cabo Verde: the economy in numbers
GDP is $3.1bn (2025), 182nd of 211 in the world and 40th of 46 in Sub-Saharan Africa. GDP per capita is $5,796 (2025), 134th of 211 in the world and 7th of 46 in Sub-Saharan Africa. GDP per capita, PPP is $12,165 (2025), 133rd of 199 in the world and 8th of 46 in Sub-Saharan Africa.
Economy: Cabo Verde in detail
Latest reported value, world rank and rank within Sub-Saharan Africa; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GDPGDP, current US$ | $3.1bn2025 | 182/211 | 40/46 | $539m | $1.8bn | $1.8bn | +75%since 2015 | $2.2tn | $33.5tn | $118tn | |
| GDP per capitaGDP per capita, current US$ | $5,7962025 | 134/211 | 7/46 | $1,190 | $3,579 | $3,539 | +70%since 2015 | $1,673 | $10,890 | $14,406 | |
| GDP per capita, PPPGDP per capita, PPP (current international $) | $12,1652025 | 133/199 | 8/46 | $3,124 | $6,039 | $6,853 | +80%since 2015 | $5,786 | $25,523 | $25,704 | |
| GNI per capitaGNI per capita, Atlas method, US$ | $5,5902025 | 124/201 | 7/46 | $1,330 | $3,600 | $3,510 | +54%since 2015 | $1,610 | $10,938 | $14,244 | |
| GDP growthGDP growth, annual % | 6.3%2025 | 32/210 | 11/46 | 14.3% | 1.8% | -20.8% | +5.4 ppsince 2015 | 4.1% | 4.2% | 2.9% | |
| GDP per capita growthGDP per capita growth, annual % | 5.8%2025 | 19/210 | 4/46 | 12.6% | 1.1% | -20.9% | +4.9 ppsince 2015 | 1.6% | 3.9% | 2.0% | |
| Agriculture shareAgriculture, forestry and fishing, % of GDP | 5.0%2025 | 107/198 | 39/45 | 12.9% | 5.8% | 6.2% | −1.4 ppsince 2015 | 17.9% | 6.9% | 4.0% | |
| Industry shareIndustry incl. construction, % of GDP | 10.7%2025 | 181/201 | 43/45 | 21.7% | 14.9% | 14.7% | −3.9 ppsince 2015 | 25.1% | 32.7% | 25.0% | |
| Manufacturing shareManufacturing, value added, % of GDP | 5.2%2025 | 152/194 | 39/43 | 9.3% | 4.5% | 5.2% | +0.2 ppsince 2015 | 9.6% | 21.0% | 14.9% | |
| Services shareServices, % of GDP | 67.9%2025 | 44/201 | 3/45 | 65.4% | 67.4% | 66.0% | +0.8 ppsince 2015 | 50.2% | 56.9% | 63.3% | |
| InvestmentGross capital formation, % of GDP | 17.4%2025 | 140/175 | 30/43 | · | 45.0% | 29.0% | −11.7 ppsince 2015 | 23.1% | 33.7% | 26.3% | |
| SavingsGross savings, % of GDP | 21.1%2025 | 90/163 | 13/39 | · | 34.6% | 17.5% | −7.4 ppsince 2015 | 19.3% | 33.4% | 26.0% | |
| Resource rentsNatural resources rents, % of GDP | 17.7%2021 | 29/209 | 11/46 | 17.5% | 33.3% | 11.6% | −22.5 ppsince 2011 | 10.0% | 3.8% | 3.1% |
Better than ten years ago
- GDP+75%$3.1bn in 2025
- GDP per capita+70%$5,796 in 2025
- GDP per capita, PPP+80%$12,165 in 2025
- GNI per capita+54%$5,590 in 2025
Worse than ten years ago
No rated indicator got worse over the decade.
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
Cabo Verde and its nearest countries
Cabo Verde has no land border; compared with the closest countries by distance between capitals. Latest values since 2005; the highest in each row is marked.
| Indicator | Cabo Verde | Senegal | The Gambia | Mauritania | Guinea-Bissau |
|---|---|---|---|---|---|
| GDP | $3.1bn2025 | $37.0bn2025 | $2.6bn2025 | $11.7bn2025 | $2.5bn2025 |
| GDP per capita | $5,7962025 | $1,9552025 | $9192025 | $2,1982025 | $1,1242025 |
| GDP per capita, PPP | $12,1652025 | $5,4632025 | $3,7062025 | $7,6762025 | $3,2932025 |
| GNI per capita | $5,5902025 | $1,7802025 | $9302025 | $2,2102025 | $1,0902025 |
| GDP growth | 6.3%2025 | 6.7%2025 | 5.9%2025 | 4.0%2025 | 5.8%2025 |
| GDP per capita growth | 5.8%2025 | 4.3%2025 | 3.6%2025 | 1.2%2025 | 3.6%2025 |
| Agriculture share | 5.0%2025 | 17.1%2025 | 23.8%2025 | 20.0%2025 | 40.6%2025 |
| Industry share | 10.7%2025 | 26.1%2025 | 15.8%2025 | 29.7%2025 | 15.7%2025 |
| Manufacturing share | 5.2%2025 | 13.2%2025 | 1.5%2024 | 4.6%2025 | 8.6%2025 |