ECONDEX

Economic and development data for every country, explained with the numbers checked.

Cabo Verde

Sub-Saharan Africa. Upper middle income. Capital: Praia. Population 527,326 (2025).

Key trends

GDP per person (PPP) (constant international $)
2,916 6,580 10,243 1995 2025 10,396
GDP growth (%)
−20.1 −2.5 15.1 1995 2025 6.3
Inflation, consumer prices (% annual)
−2.3 3.0 8.3 1995 2025 2.3
Life expectancy at birth (years)
63.9 70.0 76.0 1995 2024 76.2

Indicators

Each country reports for different years, so check the year beside every figure. Rank 1 is the highest value among countries with recent data.

Economy

IndicatorLatestYear 5-yr change10-yr change RankTrend
GDP per person (PPP)constant international $ 10,396 2025 +3,188 +2,836 134 of 199
GDP growth% 6.3% 2025 +27.1 pp +5.4 pp 32 of 209
GDP per person growth% 5.8% 2025 +26.7 pp +4.9 pp 18 of 209
GNI per person (Atlas method)current US$ 5,590 2025 +2,080 +1,970 124 of 201
Trade% of GDP 95.3% 2025 +16.9 pp +1.3 pp 69 of 183
Foreign direct investment, net inflows% of GDP 5.0% 2025 +1.3 pp −0.5 pp 41 of 195

Prices and jobs

IndicatorLatestYear 5-yr change10-yr change RankTrend
Inflation, consumer prices% annual 2.3% 2025 +1.7 pp +2.2 pp 111 of 180
Unemployment (modelled ILO estimate)% of labour force 11.9% 2025 −2.7 pp 0.0 pp 27 of 186

People and health

IndicatorLatestYear 5-yr change10-yr change RankTrend
Populationpeople 527,326 2025 +12,647 +14,932 172 of 217
Population growth% annual 0.5% 2025 +0.4 pp +0.5 pp 140 of 217
Urban population% of total 77.6% 2025 +4.7 pp +10.7 pp 67 of 217
Life expectancy at birthyears 76.2 2024 +0.8 +2.4 98 of 217
Infant mortalityper 1,000 live births 10.6 2024 −2.6 −8.5 111 of 196
Health spending% of GDP 5.8% 2023 +1.1 pp +1.0 pp 108 of 193

Education

IndicatorLatestYear 5-yr change10-yr change RankTrend
Adult literacy rate% of people aged 15+ 88.5% 2024 – +1.7 pp 47 of 86
Government spending on education% of GDP 4.3% 2023 −0.4 pp −0.2 pp 76 of 171

Access and infrastructure

IndicatorLatestYear 5-yr change10-yr change RankTrend
Internet users% of population 74.7% 2024 +12.8 pp +34.5 pp 113 of 185
Access to electricity% of population 98.4% 2024 +7.0 pp +13.1 pp 141 of 215

Inequality and poverty

IndicatorLatestYear 5-yr change10-yr change RankTrend
Gini index (inequality)index, 0 to 100 42.4 2015 * – −4.8 –
Poverty headcount ratio% of population, at the World Bank international poverty line 14.6% 2015 * – −11.6 pp –

Environment and energy

IndicatorLatestYear 5-yr change10-yr change RankTrend
Renewable energy% of final energy consumption 21.8% 2022 0.0 pp −2.5 pp 100 of 212

* Latest figure is too old to be included in rankings or peer medians.

Advanced metrics

Indicator Own history Versus peers (latest) Growth and catch-up
10-yr meanZ-score Income group medianRegion medianVolatility (σ) 10-yr CAGR% of high-income median10 yrs earlier
GDP per person (PPP) 8,412 +2.4 17,730 3,781 842 +3.2% 21% 17%
GDP growth 3.4% +0.3 3.2% 4.6% 9.4 – – –
GDP per person growth 3.2% +0.3 3.2% 2.5% 9.2 – – –
GNI per person (Atlas method) 4,089 +2.8 7,775 1,355 533 +4.4% 16% 13%
Trade 94.4% +0.1 79.8% 59.9% 9.5 – – –
Foreign direct investment, net inflows 5.2% −0.2 2.4% 2.0% 1.0 – – –
Inflation, consumer prices 1.7% +0.3 3.3% 3.5% 2.5 – – –
Unemployment (modelled ILO estimate) 12.5% −0.6 5.5% 5.4% 1.0 – – –
Population 516,364 +2.5 6,549,143 14,957,094 4,454 +0.3% 18% 20%
Population growth 0.2% +1.0 0.5% 2.3% 0.2 – – –
Urban population 72.1% +1.6 65.4% 44.9% 3.4 – – –
Life expectancy at birth 74.7 +1.8 74.5 64.3 0.8 – – –
Infant mortality 14.2 −1.3 11.2 37.2 2.7 – – –
Health spending 5.3% +0.5 6.2% 4.4% 1.1 – – –
Government spending on education 5.0% −0.8 4.1% 3.3% 0.9 – – –
Internet users 59.9% +1.2 82.0% 36.8% 12.4 – – –
Access to electricity 91.4% +1.5 100.0% 57.8% 4.6 – – –
Renewable energy 23.6% −0.8 13.8% 70.6% 2.2 – – –

Compare Cabo Verde with other countries