Statistical data (Cape Verde)

Economic Indicators

2017(a) 2018(a) 2019(a) 2020(b)
Surface area (sq. km) 4,033 4,033 4,033 4,033
Population (thousand) 537 544 550
GDP (US$ million) 1,772.7 1,986.4 1,979.4(b)
Real GDP growth rate (%) 4.0 5.5 5.4(b) -1.3
Total exports (US$ million) 189.6 273.2 265.7 235.2
Total imports (US$ million) -849.4 -959.6 -931.2 -781.2
Consumer Price Index (%) 0.8 1.3 1.1 0.7
Current account balance (US$ million) -141.3 -94.6 -4.4 -101.7
Exchange rate (Escudo CVE : USD) 97.8 93.4 98.5 100.0
Remarks: (a) actual value; (b) estimated value of Economist Intelligence Unit (EIU); (c) estimates of Economist Intelligence Unit (EIU). Source: Country Report May 2020 (Cape Verde) by the British Economist Intelligence Unit

Main export and import destinations

Main export destinations(2018) Proportion in total exports (%)
Spain 65.0
Portugal 15.2
Italy 13.3
USA 2.5
Others 4.0
Main source of import (2018) Main source of import (2018)
Portugal 43.2
Spain 14.5
Belgium 7.4
The Netherlands 6.0
Others 28.9
Source: International Trade Center (ITC)

Major import and export goods

Major export goods (2018) Proportion in total exports (%)
Products of meat, fish, crustaceans, mollusks or other aquatic invertebrates 60.9
Fish, crustaceans, mollusks or other aquatic invertebrates 18.1
Footwear, leggings and similar products; parts of such products 5.5
Non-knitted or non-crocheted clothing and clothing accessories 4.5
Others 11.0
Major import goods (2018) Proportion in total imports (%)
Fossil fuels, mineral oil and its distilled products; bituminous substances; mineral wax 12.1
Nuclear reactors, boilers, machinery and mechanical appliances and relevant spare parts 7.7
Electrical machinery and equipment and their parts; recorders and speakers, television image and sound recorders and replayers, parts and accessories of such products 6.8
Vehicles other than railway or tramway vehicles and their parts and accessories 6.3
Others 67.1
Source: International Trade Center (ITC)

Statistics on the trade between Mainland China and Cape Verde (US$ 10,000)

Year Total trade Total exports* Total imports**
2019 6,420.9 6,418.1 2.9
2018 7,856.0 7,827.0 29.0
2017 6,922.9 6,922.1 0.8
2016 4,870.2 4,861.9 8.3
2015 4,498.0 4,495.8 2.3
Remarks: * Value of goods exported to Cape Verde from Mainland China; **Value of goods imported from Cape Verde to Mainland China Source: General Administration of Customs of the People’s Republic of China Source:
  • Country (region) guide for foreign investment co-operation (Cape Verde) by the Ministry of Commerce of the People’s Republic of China
  • General Administration of Customs of the People’s Republic of China
  • International Trade Center (ITC)
  • SinoMaps Press
  • Country Report May 2020 (Cabo Verde) by the British Economist Intelligence Unit
  • Doing Business 2020 by the World Bank
Updated in May 2020.