Statistical data (Cape Verde)

Economic Indicators

 2019(a)2020(a)2021(b)2022(c)
Population (thousand)550556.0562.0
GDP (US$ million)1,981.81,703.71,824.4
Real GDP growth rate (%)5.7-14.84.55.3
Total exports (US$ million)265.7128.7143.5
Total imports (US$ million)-928.7-788.1-869.4
Consumer Price Index (%)1.10.61.01.5
Current account balance (US$ million)0.1-273.8-326.8
Exchange rate (Escudo CVE : USD)98.596.892.4

Remarks: (a) actual value; (b) estimated value of Economist Intelligence Unit (EIU); (c) estimates of Economist Intelligence Unit (EIU).

Source: Country Report Q4 2021 (Cape Verde) by the British Economist Intelligence Unit

 

Main export and import goods destinations

Main export destinations (2020)Proportion in total exports of goods (%)
Spain68.4
Portugal9.7
Italy8.4
USA5.0
Others8.5
Main source of import (2020)Proportion in total imports of goods (%)
Portugal42.9
Spain11.2
China9.7
The Netherlands8.2
Others28.0

Source: International Trade Center (ITC)

 

Main export and import goods

Major export goods (2020)Proportion in total exports of goods (%)
Preparation of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates48.9
Fish and crustaceans, mollucks and other aquatic invertebrates26.7
Articles of apparel and clothing accessories knitted or crocheted.3.1
Footwear, gaiters and the like; parts of such articles2.7
Others18.6
Major import goods (2020)Proportion in total imports of goods (%)
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes14.0
Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof10.9
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof7.4
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles6.3
Others61.4

Source: International Trade Center (ITC)

 

Statistics on Trade in Services

Main Export of Services (2020)Proportion in total exports of services (%)
Tourism549
Transportation18.3
Other business services9.6
Other17.2
Main Import of Services (2020)Proportion in total imports of services (%)
Transportation27.9
Other Business Service24.8
Tourism23.7
Other23.6

Remarks:The above content is the estimated data of UNCTAD, WTO and ITC.

Source:International Trade Centre (ITC)

 

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

YearTotal tradeTotal exports value *Total imports value **
20207,899.97,778.90.1
20196,420.96,418.12.9
20187,856.07,827.029.0
20176,922.96,922.10.8
20164,870.24,861.98.3

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

 

Sources:

  • Country (region) guide for foreign investment co-operation (Cape Verde) by the Ministry of Commerce of the People’s Republic of China
  • “2020 Statistical Bulletin of China’s Outward Foreign Direct Investment” 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 Q4 2021 (Cabo Verde) by the British Economist Intelligence Unit
  • 2021 World Investment Report by the UNCTAD

 

Updated in October 2021.