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.