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Statistical data (Cape Verde)

Statistical data (Cape Verde)

Economic Indicators

 

2020(a)

2021(a)

2022(b)

2023(b)

Population (thousand)

551.0

563.0

570.0

584.0

GDP (US$ million)

1,871

2,112

2,053

2,140

Real GDP Growth Rate (%)

-14.8

7.0

4.0

4.8

Total Export of Goods

 (US$ million)

55.7

67.3

60.9

118.6

Total Import of Goods

 (US$ million)

1,331.4

1,163.5

1,090.7

1,122.7

Total Export of Services (US$ million)

286.6

282.5

511.0(c)

603.6(c)

Total Import of Services (US$ million)

218.6

228.6

267.9(c)

311.1(c)

Consumer Price Index (%)

0.6

1.9

6.5

3.5

Current Account Balance (US$ million)

-281

-237

-287

-132

Exchange Rate (Escudo CVE: USD, Period Average)

96.8

93.2

106.1(c)

111.4(c)

Remarks: (a) actual value; (b) estimated value of International Monetary Fund (IMF); (c) estimated value of Oxford Economics

Source: International Monetary Fund (IMF), Oxford Economics “Country Economic Forecast – Cape Verde (Nov 2022)”

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 (US$ ten thousands)

Year

Total Trade

Total Exports Value*

Total Imports Value**

2022

9,298.5

9,296.5

0.2

2021

8,568.5

8,453.8

114.7

2020

7,899.9

7,778.9

0.1

2019

6,420.9

6,418.1

2.9

2018

7,856.0

7,827.0

29.0

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
  • “2021 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
  • International Monetary Fund (IMF)
  • International Trade Center (ITC)
  • “2022 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)
  •  “Country Economic Forecast – Cape Verde (Nov 2022)” by Oxford Economics

 

Updated in June 2023.