General profile: Cabo Verde

GENERAL INFORMATION FOR 2020
Population
Population
Exchange rates
Exchange rate
GDP
GDP
0.556 Millions
96.796 CVE/US$
1 734 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(n) 4 030 km²
0.61 %
-14.78 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-14.6 %
Merchandise exports growth rate in 2020
Total merchandise trade
(millions of US$)
2005
2010
2015
2020
Merchandise exports
18
44
67
53
Merchandise imports
438
742
604
720
Merchandise trade balance
-421
-698
-537
-667
Export structure by product group in 2020
(as % of total exports)
1 %1 %20 %20 %79 %79 %
Top 5 partners in 2020
(exports, millions of US$)
378520.373378520.373
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2020
Services exports
277
507
501
290
Services imports
215
308
276
218
Services trade balance
62
199
225
72
Services exports by main category²
(as % of total services)
2005
2010
2015
2020
Transport
38.3
33.9
17.1
18.3
Travel
44.1
54.9
69.3
54.9
Other services
15.0
10.0
13.1
26.3
TRADE INDICES
More data on UNCTADstat
768910875931001058972876656463137343229262527103105105106106100929092909393879094938288949494
ECONOMIC TRENDS
More data on UNCTADstat
-14.8 %
Gross domestic product growth rate in 2020
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
GDP, current
1 105
1 664
1 596
1 734
GDP per capita, current US$
2 387
3 378
3 042
3 119
Real GDP growth, y-on-y, %
6.52
1.47
1.01
-14.78
Current account balance, % of GDP
-3.68
-13.39
-3.17
-15.79
Exchange rate (/US$)
88.646
83.279
99.386
96.796
GDP by expenditure in 2019
(as % of total GDP)
61.617.635.350.965.461.617.635.350.965.4
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
-2.6 %
FDI outflows as % of GDP in 2020
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
FDI inflows
53.44
240.32
120.39
73.15
FDI outflows
..
-0.04
-9.61
-44.80
Personal remittances, % of GDP
12.37
7.87
12.59
14.05
Financial flows trends
(millions of US$)
243.6235.9233.5216.6211.4200.9197.0175.9177.0176.9130.9135.6155.0138.8136.6136.7113.4108.485.081.089.87310711011112512018472138267240165310211103533612391343FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2020
Balance, % of GDP
-26.06
-29.07
-15.39
-33.89
Balance, % of imports
-44.87
-43.46
-27.12
-58.41
Normalized balance
-0.289
-0.278
-0.157
-0.413
Trade openness²
(sum of imports and exports as % of GDP)
82115117112103981151081121161059610610610190
LABOUR FORCE
Labour force by gender in 2020
(as % of total labour force, all sectors)
Male
60%Male 60%Female
40%Female 40%
OTHER INDICATORS
More data on UNCTADstat
0.002 %
Share of the total world merchant fleet in 2020
Maritime transport indicators
 
2005
2010
2015
2020
Merchant fleet, national flag (thousands of DWT)
22
23
31
42
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
4.97
4.02
4.46
Container port throughput (TEU)
..
-
-
-
Information economy indicators
(as % of)
2005
2010
2015
2020
Share of ICT goods, % of total exports
0.55
0.54
..
..
Share of ICT goods, % of total imports
3.85
7.55
4.53
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
n
Estimated. Data refers to 2016.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 05 January 2022