Source
Central bank

Bank of Cape Verde

International Reserves

USD 0.5 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 1.8 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 3.8 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
9.1% 9.2% 6.7% -1.3% 1.5% 4% 1.1%
2013 2014 2015 2016* 2017*    
0.8% 1.9% 1.5% 3.6% 4%    

*Estimate

GDP per capita - current prices

USD 3,307.6 (2017, estimate)

GDP per capita - PPP

Intl$ 7,078.1 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0% 0% 0% 0% 0.003%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 7.4% 
  • industry: 16.4% 
  • services: 76.2%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2013 2014 2015 2016* 2017*
1.5% -0.2% 0.1% 0.1% 1.3%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
16.4% 12.0% 10.0% 9.0% 9.0%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
100% 110.3% 120.5% 119.2% 117.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-8.9% -7.3% -3.8% -3.3% -2.8%

*Estimate

Government bond ratings

Standard & Poor's: B

Moody's: N/A

Standard & Poor's / Moody's (Updated as of January 24th 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.2 billion (2017 estimate)

Current account balance by percentage of GDP

-9.2% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

40.5% (2013)

Shares in world total merchandising export

0.0% (2015)

Shares in world total commercial services export

0.01% (2015)

Total exports

USD 148.2 millions (2016 estimate)

Export commodities

Fuel (re-exports), shoes, garments, fish, hides

Total imports

USD 0.6 billion (2016 estimate)

 
 
Source
Import commodities

Foodstuffs, industrial products, transport equipment, fuels

Exports - major partners

Australia 83%, Spain 8.6% (2015)

Imports - major partners

Portugal 29.9%, Australia 26.4%, Netherlands 11.2%, Spain 5.6%, China 5.6% (2015)

FDI inflows
2013 2014 2015
USD 70 million USD 135 million USD 95 million
FDI outflows
2013 2014 2015
USD -14 million USD -9 million USD -3 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 129 out of 190 countries (2016)

Subcategories:

Starting a business: 100 out of 190 countries

Enforcing Contracts: 43 out of 190 countries

Registering Property: 73 out of 190 countries

Getting credit: 118 out of 190 countries

Protecting investors: 162 out of 190 countries

Trading across border: 113 out of 190 countries

Paying Taxes: 86 out of 190 countries

Dealing with Construction Permits: 108 out of 190 countries

Getting Electricity: 142 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

Global competitiveness ranking

110 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 57 / Score: 66.46 (Moderately free) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC-1

Total area

4,033 sq km

Capital

Praia

Currency

Cape Verdean escudos (CVE)

Government type

republic

Languages

Portuguese (official), Crioulo (a blend of Portuguese and West African words)

Religions

Roman Catholic 77.3%, Protestant 3.7% (includes Church of the Nazarene 1.7%, Adventist 1.5%, Universal Kingdom of God .4%, and God and Love .1%), other Christian 4.3% (includes Christian Rationalism 1.9%, Jehovah's Witness 1%, Assembly of God .9%, and New Apostolic .5%), Muslim 1.8%, other 1.3%, none 10.8%, unspecified 0.7% (2010 est.)

Total population
1990 2000 2010 2014* 2019**
0.352 million 0.442 million 0.488 million 0.506 million 0.537 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
16.7% 24% 53% 64%
Population median age

24 years (2014 est.)

Population growth rate

1.39% (2014 est.)

Life expectancy

71.57 years  (2014 est.)

Adult literacy

84.9% (2011 estimate)

% of population living on less than $2 a day

34.7 (2008)

Inequality of wealth distribution (Gini index)

43.8 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed  13.3%   Mobile 100.1% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

37.50% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions(Metric tons of CO2 per capita)

0.7 (2010)