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Trade & investment · Sub-Saharan Africa · Upper-middle income
Cabo Verde: trade and investment
Exports is 42.0% (2025), 73rd of 184 in the world and 10th of 43 in Sub-Saharan Africa. Imports is 53.4% (2025), 71st of 184 in the world and 10th of 43 in Sub-Saharan Africa. Trade openness is 95.3% (2025), 70th of 184 in the world and 9th of 43 in Sub-Saharan Africa.
13 indicators
Trade & investment: 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ExportsExports of goods and services, % of GDP | 42.0%2025 | 73/184 | 10/43 | 27.0% | 30.3% | 25.3% | +0.8 ppsince 2015 | 27.9% | 25.9% | 29.5% | |
| ImportsImports of goods and services, % of GDP | 53.4%2025 | 71/184 | 10/43 | 60.5% | 55.3% | 53.1% | +0.5 ppsince 2015 | 27.9% | 23.8% | 28.5% | |
| Trade opennessTrade, % of GDP | 95.3%2025 | 70/184 | 9/43 | 87.5% | 85.5% | 78.4% | +1.3 ppsince 2015 | 55.7% | 48.9% | 68.5% | |
| Current accountCurrent account balance, % of GDP | 3.6%2025 | 46/185 | 5/42 | -11.2% | -12.2% | -15.7% | +6.4 ppsince 2015 | — | — | — | |
| Merchandise exportsMerchandise exports, current US$ | $96.0m2025 | 185/206 | 46/48 | $11.0m | $44.0m | $53.0m | +43%since 2015 | $487bn | $7.7tn | $26.4tn | |
| High-tech exportsHigh-technology exports, % of manufactured exports | 1.2%2023 | 146/170 | 30/39 | · | 0.0% | 0.8% | +1.2 ppsince 2012 | 6.0% | 23.2% | 24.7% | |
| Fuel exportsFuel exports, % of merchandise exports | 0.0%2023 | 169/172 | 37/39 | 0.0% | 0.0% | 0.0%2021 | ±0.0 ppsince 2012 | 40.9% | 5.2% | 9.5% | |
| Food exportsFood exports, % of merchandise exports | 86.4%2024 | 9/172 | 5/39 | 10.2% | 81.6% | 84.5% | +0.3 ppsince 2014 | 14.6% | 9.0% | 9.0% | |
| Average tariffApplied tariff rate, weighted mean, all products | 12.6%2022 | 22/184 | 12/45 | · | 11.1% | 12.2% | +2.0 ppsince 2012 | — | — | — | |
| FDI inflowsForeign direct investment, net inflows, % of GDP | 5.0%2025 | 41/197 | 12/46 | 6.3% | 6.4% | 3.7% | −0.5 ppsince 2015 | 2.1% | 1.1% | 1.4% | |
| RemittancesPersonal remittances received, % of GDP | 11.7%2025 | 22/178 | 5/41 | 16.6% | 7.2% | 12.9% | +0.2 ppsince 2015 | 3.1% | 1.0% | 0.8% | |
| Tourist arrivalsInternational tourist arrivals | 180,0002020 | 156/196 | 29/42 | 115,000 | 336,000 | 180,000 | −46%since 2010 | 56.0m | 573m | 2.4bn | |
| Tourism receiptsInternational tourism receipts, current US$ | $169m2020 | 134/177 | 21/40 | $64.0m | $387m | $169m | −56%since 2010 | $34.9bn | — | $1.9tn |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
nearest countries
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 |
|---|---|---|---|---|---|
| Exports | 42.0%2025 | 32.5%2025 | 12.7%2025 | 39.9%2025 | 13.9%2025 |
| Imports | 53.4%2025 | 38.6%2025 | 49.4%2025 | 54.2%2025 | 27.0%2025 |
| Trade openness | 95.3%2025 | 71.1%2025 | 62.2%2025 | 94.0%2025 | 40.9%2025 |
| Current account | 3.6%2025 | -19.8%2023 | -2.9%2025 | -9.6%2024 | -7.4%2024 |
| Merchandise exports | $96.0m2025 | $10.2bn2025 | $514m2025 | $4.5bn2025 | $313m2025 |
| High-tech exports | 1.2%2023 | 3.0%2024 | 3.3%2024 | 9.4%2024 | 5.8%2015 |
| Fuel exports | 0.0%2023 | 32.7%2024 | 0.0%2024 | 0.5%2024 | 0.0%2015 |
| Food exports | 86.4%2024 | 21.6%2024 | 90.7%2024 | 25.5%2024 | 68.5%2018 |
| Average tariff | 12.6%2022 | 8.4%2022 | 16.4%2022 | 8.7%2022 | 11.7%2022 |