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Economy of Cabo Verde

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Overview Economy Population Trade Government Finance Society Environment

GDP Composition by Industry

8.4% 21.8% 15.7% 44.6%
  • Agriculture, forestry & fishing: 5.6%
  • Mining, manufacturing & utilities: 8.4%
  • Construction: 4.0%
  • Trade, restaurants & hotels: 21.8%
  • Transport & communication: 15.7%
  • Finance, real estate & other services: 44.6%
Show table
Agriculture, forestry & fishing
5.6%
Mining, manufacturing & utilities
8.4%
Construction
4.0%
Trade, restaurants & hotels
21.8%
Transport & communication
15.7%
Finance, real estate & other services
44.6%

Share of total gross value added by industry.
Source: UN National Accounts, 2024.

GDP

GDP (USD) 3.45B #166 / 190 2026
GDP (Local currency - CVE) 322B - 2026
Real GDP (Local currency - CVE) 257B - 2026
PPP GDP (Int$) 6.88B #169 / 191 2026
GNI (USD) 2.67B #180 / 210 2024

GDP per Capita

GDP per Capita (USD) 6,670 #114 / 190 2026
GDP per Capita (Local currency - CVE) 623,720 - 2026
Real GDP per Capita (Local currency - CVE) 496,378 - 2026
PPP GDP per Capita (Int$) 13,314 #123 / 191 2026
GNI per Capita (USD) 5,092 #133 / 210 2024

Economic Growth

GDP Growth 4.8% #33 / 191 2026

Prices and Inflation

Inflation Rate 2.2% #158 / 191 2026

Labor Market

Unemployment Rate 8.5% #20 / 103 2026

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