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CV

Cape Verde

CV · CPV · #165 · 10 cities

Nomad score 57/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$19,375
GDP (2031)
$4.9B
GDP growth (2031)
5.1% →
Inflation (2031)
2.0% →
Unemployment (2031)
8.5% →
Population (2031)
532.0K
Population growth (2031)
0.6% →
Gini index (2015)
42.4
Government debt (2031)
71.4% of GDP
Current account (2031)
-2.3% of GDP
FDI inflows (2025)
$153.9M
Life expectancy (2024)
76.2 yrs
Health spending (2023)
5.9% of GDP
Internet users (2024)
74.7%
Mobile subscriptions (2024)
111.8/100
Trade openness (2025)
95.3% of GDP
Exchange rate (2025)
97.86/USD
Foreign reserves (2025)
$1.3B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
71.4% of GDP
Current account (2031)
-2.3% of GDP
FDI inflows (2025)
$153.9M

Income inequality (Gini)

Gini index (2015)
0.42
Assessment
High inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
21.76/1k
Tax revenue (2020)
18.4% of GDP
Services sector (2025)
67.9% of GDP

Financial access and costs

ATMs per 100k (2024)
59.4
Bank branches per 100k (2024)
34.8
ICT service exports (2025)
1.2%
Goods and services tax (2020)
11.2%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $4.9B $19,375 5.1% 2.0% 8.5% 532.0K - 71.4% -2.3% - - - - -
2030 * $4.6B $18,145 5.1% 2.0% 8.5% 529.0K - 76.1% -2.3% - - - - -
2029 * $4.3B $17,001 5.1% 2.0% 8.5% 526.0K - 81.1% -2.1% - - - - -
2028 * $4.0B $15,933 5.0% 2.0% 8.5% 523.0K - 85.8% -1.8% - - - - -
2027 * $3.7B $14,957 5.0% 2.1% 8.5% 520.0K - 90.7% -1.2% - - - - -
2026 * $3.4B $14,023 4.8% 2.2% 8.5% 517.0K - 95.9% -0.4% - - - - -
2025 $3.1B $12,165 5.5% 2.3% 8.5% 514.0K - 101.0% 3.6% $153.9M - - - 97.86
2024 $2.7B $11,185 7.2% 1.1% 8.5% 512.0K - 112.8% 3.9% $109.9M 76.2 - 74.7% 101.92
2023 $2.5B $10,251 4.8% 3.7% 8.5% 509.0K - 117.5% -2.7% $158.7M 76.1 5.9% 74.6% 101.80
2022 $2.3B $9,480 15.8% 7.9% 8.5% 507.0K - 127.6% -3.5% $122.0M 75.9 6.7% 73.3% 104.86
2021 $2.1B $7,685 7.0% 1.9% 8.5% 504.0K - 149.5% -12.1% $91.5M 74.4 6.6% 70.3% 93.22
2020 $1.8B $6,853 -20.8% 0.6% 8.5% 502.0K - 149.1% -15.4% $67.6M 73.8 7.0% 69.4% 96.80
2019 $2.3B $8,646 6.9% 1.1% 8.5% 500.0K - 109.8% 0.2% $122.9M 75.5 4.8% 61.9% 98.50
2018 $2.2B $7,916 3.7% 1.3% 12.2% 498.0K - 112.3% -4.8% $103.6M 74.8 4.8% 59.5% 93.41
2017 $2.0B $7,936 4.6% 0.8% 12.2% 496.0K - 113.0% -7.0% $111.7M 74.7 4.5% 57.2% 97.81
2016 $1.9B $7,351 4.3% -1.4% 15.0% 493.0K - 115.6% -3.4% $126.3M 74.4 4.4% 50.3% 99.69
2015 $1.8B $6,773 0.9% 0.1% 12.4% 491.0K 42.4 115.7% -2.9% $96.1M 74.1 4.4% 42.7% 99.39
2014 $2.0B $6,417 0.7% -0.2% 15.8% 489.0K - 105.7% -8.3% $180.6M 73.8 4.9% 40.3% 83.03
2013 $2.0B $6,367 0.6% 1.5% 16.4% 486.0K - 93.5% -4.4% $89.3M 73.5 4.8% 37.5% 83.07
2012 $1.9B $6,318 1.1% 2.5% 16.8% 483.0K - 82.9% -11.5% $128.0M 73.3 4.7% 34.7% 86.32
2011 $2.0B $6,384 3.9% 4.5% 12.2% 481.0K - 71.6% -14.8% $102.2M 72.9 3.9% 32.0% 79.28
2010 $1.8B $6,039 1.8% 2.1% 10.7% 478.0K - 66.2% -11.3% $116.2M 72.5 4.1% 30.0% 83.28
2009 $1.9B $5,901 -1.5% 1.0% 13.0% 473.0K - 58.8% -13.4% $126.0M 72.1 3.6% 21.0% 80.04
2008 $2.0B $6,011 7.0% 6.8% 13.0% 468.0K - 57.5% -12.5% $210.9M 71.9 3.3% 14.0% 75.34
2007 $1.7B $5,567 15.2% 4.4% 15.2% 463.0K 47.2 59.6% -11.9% $191.8M 71.5 3.8% 8.3% 80.62
2006 $1.5B $4,758 9.1% 4.8% 13.5% 457.0K - 66.2% -4.1% $131.5M 71.3 3.8% 6.8% 87.93
2005 $1.4B $4,324 5.8% 0.4% 21.4% 451.0K - 66.7% -2.4% $80.5M 70.9 3.3% 6.1% 88.65
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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