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Cape Verde Trade (% GDP)

Cape Verde's trade (% GDP) rose to 95.09% in 2024, up from 94.58% in 2023, according to World Bank. This represents an increase of 0.51% from the previous year. Cape Verde has trade (% GDP) higher than the global median (95.09% vs median 84.49%). Compared with the median in Africa, Cape Verde is higher (95.09% vs regional median 62.95%) and ranks 13th out of 48 countries in Africa.

Yearly Historical Data (1980-2024)

(in %)
Year Trade (% GDP)
2024 95.09%
2023 94.58%
2022 96.99%
2021 77.46%
2020 78.39%
2019 103.6%
2018 105.87%
2017 100.05%
2016 95.38%
2015 94.01%
2014 91.3%
2013 86.17%
2012 90.65%
2011 90.56%
2010 85.55%
2009 68.48%
2008 78.18%
2007 65.82%
2006 117.82%
2005 104.34%
2004 101.57%
2003 98.77%
2002 101.09%
2001 92.16%
2000 87.52%
1999 80.97%
1998 81.88%
1997 85.98%
1996 75.49%
1995 77.52%
1994 71.56%
1993 60.31%
1992 83.94%
1991 80.95%
1990 85.95%
1989 81.44%
1988 76.2%
1987 83.83%
1986 93.05%
1985 101.82%
1984 100.47%
1983 102.44%
1982 102.12%
1981 92.16%
1980 84.05%
Cape Verde Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Cape Verde divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $281.68M $309.81M 2023
Annual Imports $1.76B $1.77B 2023
Exports (% GDP) 41.86% 38.32% 2024
FDI Inflows (% GDP) 3.89% 6.25% 2024
Imports (% GDP) 53.24% 56.26% 2024
Net Trade (Goods & Services, BoP) -$315M -$455.8M 2024
Tariff Rate 14.31% 13.59% 2022