Main Economic Indicators of recent three years

	2021	2022	2023
Population (million)	0.56	0.57	0.58
GDP (US$ billion)	2	2.25	2.52
Real GDP Growth Rate (%)	5.6	17.1	4.8
Total Export of Goods  (US$ million)	55	48	54
Total Import of Goods  (US$ million)	821	910	980
Total Export of Services (US$ million)	287*	574*	–
Total Import of Services (US$ million)	229*	246*	–
Inflation measured by the Consumer Price Index (Annual Inflation rate%)	1.9	7.9	3.1
Current Account Balance (US$ billion)	-0.244	-0.076	-0.133

Source: * Data from World Trade Organization (WTO) and the others from International Monetary Fund (IMF)

 

Main export and import goods destinations

Main Export Destinations (2021)	Proportion of Total Value of Exports of Goods (%)
Spain	62.8
Portugal	12.1
Italy	9.3
United States	5.1
Others	10.7
Main source of import (2021)	Proportion in total imports of goods (%)
Portugal	41.4
The Netherlands	10.4
Argentina	9.4
Spain	7.3
Others	31.5

Source: International Monetary Fund (IMF)

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	78.0
Articles of apparel and clothing accessories knitted or crocheted	7.1
Footwear, gaiters and the like; parts of such articles	6.1
Food industry residues & waste; prepared animal feed	3.5
Others	5.3
Major import goods (2021)	Proportion in total imports of goods (%)
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	12.5
Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof	7.6
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof	7.1
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	6.9
Others	65.9

Source: International Trade Center (ITC)

Statistics on Trade in Services

Main Export of Services (2021)	Proportion in total exports of services (%)
Tourism	51.1
Transport	17.0
Other business services	12.1
Other	19.8
Main Import of Services (2021)	Proportion in total imports of services (%)
Transport	34.1
Tourism	24.5
Other business service	15.7
Other	25.7

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

Source：International Trade Centre (ITC)

 

Statistics on the Trade of Goods between Mainland China and Cape Verde of recent three years (US$ thousands)

Year	Total Trade	Total Exports Value	Total Imports Value
2023	103,297	103,225	72
2022	92,985	92,965	20
2021	85,685	84,538	1,147

Remarks: “Exports” refers of goods exported to Cape Verde from Mainland China; “Imports” refers 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
• “2022 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China, National Bureau of Statistics and State Administration of Foreign Exchange
• General Administration of Customs of the People’s Republic of China
• SinoMaps Press
• Macao Statistics and Census Service
• International Monetary Fund (IMF)
• World Trade Organization (WTO)
• International Trade Center (ITC)
• “2023 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)

Updated in June 2024.