Cape Verde: economy and key statistics
Cape Verde is number 175 in the 311 Nations Index, with a GDP of $3.1 billion in 2025. GDP per person is $5,796. The economy grew by 6.3% in 2025. Unemployment is 11.9%. The economy is 68% services, 11% industry, 5% agriculture.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Cape Verde is number 164 in the 311 National Power Index, scoring 17.0 out of 100: economic 32, technology 6, military 1 and human capital 35.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $3.1 billion | 2025 |
| GDP (purchasing power) | $6.4 billion | 2025 |
| GDP per person | $5,796 | 2025 |
| Economic growth | +6.3% | 2025 |
| Inflation | 2.3% | 2025 |
| Unemployment | 11.9% | 2025 |
| Population | 0.5 million | 2025 |
| Labour force | 0.2 million | 2025 |
| Services share of GDP | 68% | 2025 |
| Industry share of GDP | 11% | 2025 |
| Manufacturing share of GDP | 5% | 2025 |
| Agriculture share of GDP | 5% | 2025 |
| Exports share of GDP | 42% | 2025 |
| Foreign direct investment | 5.0% of GDP | 2025 |
| High-tech share of manufactured exports | 1% | 2023 |
| Internet users | 75% of people | 2024 |
Main export industries
Cabo Verde exported goods worth about $0.1bn in 2024. Its biggest export industries:
- Meat, fish, crustaceans, molluscs or other aquatic invertebrates, or insects: $0.1bn (84.4% of goods exports)
- Apparel and clothing accessories: $0.0bn (5.6% of goods exports)
- Footwear: $0.0bn (4.0% of goods exports)
- Apparel and clothing accessories: $0.0bn (2.2% of goods exports)
- Toys, games and sports requisites: $0.0bn (1.8% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in Africa
- South Africa (#40)
- Nigeria (#50)
- Kenya (#62)
- Ethiopia (#67)
- Angola (#69)
- Ghana (#70)
- Côte d'Ivoire (#77)
- DR Congo (#81)
- Tanzania (#83)
- Uganda (#89)
- Sudan (#91)
- Cameroon (#92)
- Zimbabwe (#96)
- Senegal (#108)
- Mali (#114)
Questions and answers
How big is the economy of Cape Verde?
Cape Verde had a GDP of $3.1 billion in 2025, ranking number 175 in the 311 Nations Index.
What is GDP per person in Cape Verde?
GDP per person in Cape Verde was $5,796 in 2025.
How fast is the economy of Cape Verde growing?
The economy of Cape Verde grew by 6.3% in 2025.
Source: World Bank, World Development Indicators (CC BY 4.0).
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