Cabo Verde has a population of 527,326 (2025), and 77.6% of people live in urban areas. Its economy produced $3.1 billion of goods and services in 2025 (GDP in current US dollars), growing 6.3% that year after adjusting for inflation. GDP per person was $5,796 (2025), and consumer prices rose 2.3% in 2025. Unemployment was an estimated 11.9% of the labor force in 2025.
Key figures for Cabo Verde
Population
527,326
GDP
$3.1 billion
GDP growth
6.3%
GDP per person
$5,796
Inflation
2.3%
Unemployment
11.9%
Compare Cabo Verde with other countries
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Economy and growth
| Indicator | Cabo Verde | World | Rank (1 = highest) | Link |
|---|---|---|---|---|
| GDPThe total value of goods and services produced in a year, converted to US dollars at official exchange rates. | $3.1 billion2025 | $118.4 trillion | 178th of 204 | Compare GDP |
| GDP growthThe yearly change in the value of goods and services produced, adjusted for inflation. | 6.3%2025 | 2.9% | 31st of 204 | Compare GDP growth |
| GDP per personGDP divided by population, in US dollars at official exchange rates. | $5,7962025 | $14,406 | 128th of 204 | Compare GDP per person |
| GDP per person (PPP)GDP per person adjusted for differences in what money buys in each country (purchasing power parity). | $11,195 (PPP)2024 | $24,526 (PPP) | 134th of 199 | Compare GDP per person (PPP) |
| Income per personGross national income per person, converted with the World Bank Atlas method, which smooths exchange rate swings. | $5,5902025 | $14,244 | 124th of 200 | Compare Income per person |
| InflationThe yearly change in the cost of a typical basket of goods and services bought by households. | 2.3%2025 | 3.0% | 107th of 176 | Compare Inflation |
| Agriculture share of GDPThe share of GDP produced by agriculture, forestry and fishing. | 5.0%2025 | 4.0% | 106th of 194 | Compare Agriculture share of GDP |
| Industry share of GDPThe share of GDP produced by mining, manufacturing, construction, electricity, water and gas. | 10.7%2025 | 25.0% | 178th of 196 | Compare Industry share of GDP |
Money and finance
| Indicator | Cabo Verde | World | Rank (1 = highest) | Link |
|---|---|---|---|---|
| Lending rateThe rate banks charge on loans to their best (prime) customers. Definitions differ between countries. | 7.7%2025 | – | 59th of 91 | Compare Lending rate |
| Real interest rateThe lending interest rate adjusted for inflation, using the GDP deflator. | 5.9%2025 | – | 38th of 91 | Compare Real interest rate |
| Exchange rateHow many units of the local currency one US dollar bought, on average, during the year. | 97.86 CVE per US$2025 | – | 62nd of 205 | Compare Exchange rate |
| Private sector creditLoans and other credit provided to businesses and households, as a share of GDP. | 54.0%2025 | – | 59th of 154 | Compare Private sector credit |
| Bank branchesThe number of commercial bank branches for every 100,000 adults. | 34.82024 | 11.1 | 10th of 167 | Compare Bank branches |
| ATMsThe number of automated teller machines for every 100,000 adults. | 59.42024 | 41.9 | 55th of 171 | Compare ATMs |
Trade and investment
| Indicator | Cabo Verde | World | Rank (1 = highest) | Link |
|---|---|---|---|---|
| ExportsThe value of goods and services sold to other countries, as a share of GDP. | 42.0%2025 | 29.5% | 68th of 176 | Compare Exports |
| ImportsThe value of goods and services bought from other countries, as a share of GDP. | 53.4%2025 | 28.5% | 66th of 176 | Compare Imports |
| Foreign investmentNew investment by foreign companies and investors into businesses in the country, minus withdrawals. | $109.9 million2024 | $1.6 trillion | 153rd of 198 | Compare Foreign investment |
| Remittances receivedMoney sent home by people working abroad, plus other personal transfers into the country. | $334.0 million2024 | $856.6 billion | 123rd of 176 | Compare Remittances received |
People and customers
| Indicator | Cabo Verde | World | Rank (1 = highest) | Link |
|---|---|---|---|---|
| PopulationThe total number of people living in the country, whatever their legal status or citizenship. | 527,3262025 | 8.2 billion | 172nd of 217 | Compare Population |
| Population growthThe yearly change in the total population. | 0.47%2025 | 0.91% | 140th of 217 | Compare Population growth |
| Urban populationThe share of people living in areas defined as urban by each country. | 77.6%2025 | 57.8% | 67th of 217 | Compare Urban population |
| Population densityThe number of people per square kilometer of land area. | 129.62023 | 62.1 | 84th of 216 | Compare Population density |
| Children (0 to 14)The share of the population aged 14 or younger. | 24.7%2025 | 24.4% | 96th of 217 | Compare Children (0 to 14) |
| Working age (15 to 64)The share of the population aged 15 to 64, the usual working ages. | 68.2%2025 | 65.2% | 48th of 217 | Compare Working age (15 to 64) |
| Older adults (65+)The share of the population aged 65 or older. | 7.2%2025 | 10.4% | 123rd of 217 | Compare Older adults (65+) |
| Life expectancyHow many years a newborn would be expected to live if current death rates stayed the same. | 76.2 years2024 | 73.5 years | 98th of 217 | Compare Life expectancy |
| College and university enrollmentEnrollment in universities, colleges and other tertiary education, as a share of the population of the usual age for it. Can exceed 100%. | 24.3%2018 | 37.9% | – | Compare College and university enrollment |
| Gini indexA measure of how unequally income or consumption is shared, from 0 (equal) to 100 (one person has everything). Based on household surveys, which some countries run only every few years. | 42.42015 | – | – | Compare Gini index |
Digital and infrastructure
| Indicator | Cabo Verde | World | Rank (1 = highest) | Link |
|---|---|---|---|---|
| Mobile subscriptionsMobile phone subscriptions for every 100 people. Can exceed 100 because many people have more than one SIM card. | 111.82024 | 110.4 | 117th of 209 | Compare Mobile subscriptions |
| Fixed broadbandHome and business broadband internet subscriptions, such as cable, fiber and DSL, for every 100 people. | 8.32024 | 19.3 | 123rd of 207 | Compare Fixed broadband |
| Secure serversInternet servers using encryption technology for online transactions, per million people. | 8572024 | 16,381 | 112th of 215 | Compare Secure servers |
| Electricity accessThe share of people with access to electricity. | 98.6%2023 | 91.6% | 145th of 215 | Compare Electricity access |
Work and jobs
| Indicator | Cabo Verde | World | Rank (1 = highest) | Link |
|---|---|---|---|---|
| UnemploymentThe share of people who are available for and looking for work but have none. Modeled estimates from the International Labour Organization. | 11.9%2025 | 4.8% | 26th of 184 | Compare Unemployment |
| Labor forceThe number of people aged 15 and over who are working or looking for work. | 226,4482025 | 3.7 billion | 171st of 184 | Compare Labor force |
| Employment rateThe share of people aged 15 and over who have a job. Modeled estimates from the International Labour Organization. | 50.2%2025 | 58.1% | 139th of 184 | Compare Employment rate |
| Women in workThe share of women aged 15 and over who are working or looking for work. Modeled estimates from the International Labour Organization. | 50.5%2025 | 48.9% | 117th of 184 | Compare Women in work |
Business and government
| Indicator | Cabo Verde | World | Rank (1 = highest) | Link |
|---|---|---|---|---|
| New businesses registeredThe number of new limited liability companies registered during the year, from the World Bank Entrepreneurship Database. Sole traders and informal businesses are not counted. | 7,7192024 | – | 91st of 155 | Compare New businesses registered |
| Tax revenueTaxes collected by central government, as a share of GDP. Regional and local taxes are usually not included. | 18.4%2020 | 13.7% | – | Compare Tax revenue |
Other countries in Western Africa
- Benin
- Burkina Faso
- Côte d'Ivoire
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Senegal
- Sierra Leone
- The Gambia
- Togo
Data: World Bank, World Development Indicators, licensed CC BY 4.0, updated November 2026. Each figure shows the latest year published. World figures are World Bank averages for the same year. Ranks compare countries with data from the last three years of each series. About this data.
Sources
Last reviewed November 3, 2026. Startup costs are estimates; check local prices, licensing and tax rules before you commit money.
