Nominal GDP
$3.06B
current US$ · 2025
World Bank
🇨🇻
Economy Snapshot
Cabo Verde Economy and Trade
PraiaLocal time
GDP $3.06B · real growth +6.3% · 2025
The macro snapshot for Cabo Verde pairs $3.06B in nominal GDP (2025) with a real-growth reading of +6.3% (2025). For household-scale context, GDP per capita is $5,796 in 2025, while consumer-price inflation is 2.3% in 2025. Reference years remain attached to each series so readers can compare the figures without treating differently dated measures as one snapshot.
GDP per capita
$5,796
current US$ · 2025
World Bank
Real GDP growth
+6.3%
annual % · 2025
World Bank
Inflation
2.3%
CPI annual % · 2025
Source listed below
Cabo Verde at a Glance
Definitions and reference periods stay visible so nominal output, real growth, prices, jobs and trade are not silently mixed.
Output trend
Nominal GDP · annual observations · current US$ · World Bank
2015: $1.75B2016: $1.85B2017: $2.00B2018: $2.21B2019: $2.25B2020: $1.82B2021: $2.05B2022: $2.25B2023: $2.50B2024: $2.71B2025: $3.06B
GDP per capita$5,796
Real growth+6.3%
Reference year2025
2025 Inflation
2.3%
CPI annual %
2025 Unemployment
11.9%
labor-market measure
2025 GDP per capita
$5,796.5
current US$
Macro signals and Merchandise trade
Available measures are shown with their reported reference periods.
Macro signals
World Bank · 2025 unless marked
Real growth+6.3%
Unemployment11.9%
Inflation20252.3%
Merchandise trade
WTO trade profile · 2024 · USD
Exports$0.07B
Imports$0.92B
Balance-$0.85B
Largest highlighted export destination
European Union97.6%
Merchandise trade is kept separate from goods-and-services measures.
Understand the numbers
What Cabo Verde's economic profile is telling you
Cabo Verde posted strong real growth in 2025, with the World Bank highlighting tourism as a major driver. Inflation remained moderate, although the modeled unemployment series still points to substantial labor-market slack.
Goods trade is structurally import-heavy, while the wider external economy benefits from service exports. The European Union accounted for almost all merchandise export destinations in the 2024 WTO profile.
Reading the headline data
GDP shows the current-dollar size of the economy, while real growth measures changes in output after accounting for price effects. Inflation and unemployment add separate information about household prices and labor conditions.
Reading the trade data
Merchandise exports and imports cover traded goods. They are not combined with services trade or treated as a current-account measure.
Detailed Economic Data
| Indicator | Cabo Verde | Reference period | Status |
|---|---|---|---|
| GDPcurrent US$, market prices | $3.06B | 2025 | Actual |
| GDP per capitacurrent US$ | $5,796.5 | 2025 | Actual |
| Real GDP growthannual % | +6.3% | 2025 | Actual |
| InflationCPI, annual % | 2.3% | 2025 | Actual |
| Unemploymentmodeled ILO estimate | 11.9% | 2025 | Estimate |
| Merchandise exportscurrent USD | $0.07B | 2024 | Actual |
| Merchandise importscurrent USD | $0.92B | 2024 | Actual |
Frequently Asked Questions
What is Cabo Verde's GDP?
Nominal GDP was about $3.06B in 2025 in current US dollars according to the World Bank.
Is Cabo Verde's economy growing?
Real GDP growth was +6.3% in 2025.
What is inflation in Cabo Verde?
The annual CPI reading used here is 2.3% for 2025.
What does merchandise trade show for Cabo Verde?
Merchandise exports were $0.07B and imports were $0.92B in 2024, producing a same-year goods balance of -$0.85B.
Sources & methodology
Sources for the economic indicators and definitions shown above.
View sources used for this page
GDP, GDP per capita, real GDP growth, consumer-price inflation and modeled ILO unemployment.
Official data: GDP · GDP per capita · Real growth · Inflation · Unemployment
Matched-year merchandise exports and imports from the WTO economy profile.
Official data: WTO country profile
Every metric keeps its definition and reference year. A missing value is preferable to a silently mixed definition.