Cape Verde

Country in Africa

In brief

Industry, share of GDP: 10.7% (2025). World rank 181 of 200; in Africa, 49 of 51. Youth unemployment, ages 15–24: 28.4% (2025). World rank 164 of 186 (1 = best); in Africa, 42 of 53. Remittances received, share of GDP: 11.7% (2025). World rank 22 of 178; in Africa, 5 of 46. From 2015 to 2025: GDP $1.7B → $3.1B, GDP per person $3,415 → $5,796, and GDP per person at purchasing power parity $6,773 → $12,165.

Size and growth

GDP: $3.1B 2025
GDP per person: $5,796 2025
GDP per person at purchasing power parity: $12,165 2025
GDP growth per year: +6.3% 2025

Income and prices

Income level (World Bank): Upper-middle income
Gross national income per person: $5,590 2025
Inflation: +2.3% 2025
Price level, USA = 100: 48 2025

Structure and jobs

Agriculture, share of GDP: 5% 2025
Industry, share of GDP: 10.7% 2025
Services, share of GDP: 67.9% 2025
Unemployment: 11.9% 2025
Youth unemployment, ages 15–24: 28.4% 2025
Women in work or seeking work: 50.5% 2025

Trade and finance

Exports, share of GDP: 42% 2025
Imports, share of GDP: 53.4% 2025
Current account balance, share of GDP: +3.6% 2025
Foreign direct investment, share of GDP: +5% 2025
Remittances received, share of GDP: 11.7% 2025
Tax revenue, share of GDP: 18.4% 2020
Currency: Cape Verdean Escudo (CVE)

Poverty and inequality

Gini index (0 = full equality): 42.4 2015
Living on under $3 a day: 14.6% 2015