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.