Statistical data (Cape Verde)
Economic Indicators
| 2019(a) | 2020(a) | 2021(b) | 2022(c) | |
| Population (thousand) | 550 | 556.0 | 562.0 | – |
| GDP (US$ million) | 1,981.8 | 1,703.7 | 1,824.4 | – |
| Real GDP growth rate (%) | 5.7 | -14.8 | 4.5 | 5.3 |
| Total exports (US$ million) | 265.7 | 128.7 | 143.5 | – |
| Total imports (US$ million) | -928.7 | -788.1 | -869.4 | – |
| Consumer Price Index (%) | 1.1 | 0.6 | 1.0 | 1.5 |
| Current account balance (US$ million) | 0.1 | -273.8 | -326.8 | – |
| Exchange rate (Escudo CVE : USD) | 98.5 | 96.8 | 92.4 | – |
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 (2021) | Proportion in total exports of goods (%) |
| Spain | 66.9 |
| Italy | 14.7 |
| Portugal | 14.5 |
| USA | 3.0 |
| Others | 0.9 |
| Main source of import (2021) | Proportion in total imports of goods (%) |
| Portugal | 49.2 |
| Spain | 7.4 |
| China | 7.3 |
| The Netherlands | 5.7 |
| Others | 30.4 |
Source: International Trade Center (ITC)
Main export and import goods
| Major export goods (2021) | Proportion in total exports of goods (%) |
| Preparation of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 77.99 |
| Articles of apparel and clothing accessories knitted or crocheted.Fish and crustaceans, mollucks and other aquatic invertebrates | 7.08 |
| Footwear, gaiters and the like; parts of such articles | 6.06 |
| Fish and crustaceans, mollucks and other aquatic invertebrates | 1.49 |
| Others | 7.38 |
| Major import goods (2021) | Proportion in total imports of goods (%) |
| Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 12.55 |
| Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof | 7.6 |
| Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 7.07 |
| Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | 6.91 |
| Others | 65.87 |
Source: International Trade Center (ITC)
Statistics on Trade in Services
| Main Export of Services (2021) | Proportion in total exports of services (%) |
| Tourism | 50.3 |
| Transportation | 16.8 |
| Other business services | 11.9 |
| Other | 21.0 |
| Main Import of Services (2021) | Proportion in total imports of services (%) |
| Transportation | 34 |
| Tourism | 24.5 |
| Other Business Service | 15.7 |
| Other | 25.8 |
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 (Thousand US dollars)
| Year | Total trade | Total exports value * | Total imports value ** |
| 2022 | 92,985 | 92,965 | 20 |
| 2021 | 85,685 | 84,538 | 1,147 |
| 2020 | 78,999 | 77,789 | 1,210 |
| 2019 | 64,209 | 64,181 | 29 |
| 2018 | 78,560 | 78,270 | 290 |
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 February 2023.
