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Cape Verde

Cape Verde : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$980.5 million (2011 est.)
$814.2 million (2010 est.)


$191.4 million (2011 est.)
$135.3 million (2010 est.)

Inflation rate (consumer prices)

4.5% (2011 est.)
2.1% (2010 est.)

Unemployment rate

21% (2000 est.)

GDP - per capita (PPP)

$4,000 (2011 est.)
$3,900 (2010 est.)
$3,700 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

4.5% (2010 est.)
1.8% (2009 est.)
5.9% (2008 est.)

Internet users

150,000 (2009)

Telephones - mobile cellular

371,900 (2009)

Population growth rate

1.428% (2012 est.)


523,568 (July 2012 est.)

Historical background

The uninhabited islands were discovered and colonized by the Portuguese in the 15th century; Cape Verde subsequently became a trading center for African slaves and later an important coaling and resupply stop for whaling and transatlantic shipping.

Following independence in 1975, and a tentative interest in unification with Guinea-Bissau, a one-party system was established and maintained until multi-party elections were held in 1990.

Cape Verde continues to exhibit one of Africa's most stable democratic governments.

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Cape Verde

Economic overview

This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought and poor soil for agriculture on several of the islands.

The economy is service oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP.

Although nearly 70% of the population lives in rural areas, the share of food production in GDP is low.

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Cape Verde - ISA Country Report

Cape Verde - ISA Country Report

  • $ 99
  • Country report
  • May 2016
  • by ISA

This report contains detailed forecasts and analysis for Cape Verde, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...

  • Countries : Cape Verde

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