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FX

West Africa · CV · CVE

Cabo Verde

Cabo Verde is a $3.1B economy (2025), growing 6.3% in real terms, with consumer inflation at 2.3%. 21 of 22 tracked series are published for this country.

USD/CVE

98.01

Cabo Verde escudo

WB pipeline

$20M

1 project to the Board

Data

Economy

GDP · 2025

$3.1B

+12.6% vs 2024

2010: $1.8B2011: $2B2012: $1.9B2013: $2B2014: $2B2015: $1.7B2016: $1.8B2017: $2B2018: $2.2B2019: $2.3B2020: $1.8B2021: $2.1B2022: $2.2B2023: $2.5B2024: $2.7B2025: $3.1B
#46 of 52

GDP growth · 2025

6.3%

−0.7 pts vs 2024

2010: 1.8%2011: 3.9%2012: 1.1%2013: 0.6%2014: 0.7%2015: 0.9%2016: 4.3%2017: 4.6%2018: 3.7%2019: 6.9%2020: -20.8%2021: 7.0%2022: 15.8%2023: 4.8%2024: 7.0%2025: 6.3%
#13 of 52

GDP per capita · 2025

$5.8K

+12.1% vs 2024

2010: $3.6K2011: $4K2012: $3.7K2013: $4K2014: $4K2015: $3.4K2016: $3.6K2017: $3.9K2018: $4.3K2019: $4.4K2020: $3.5K2021: $4K2022: $4.3K2023: $4.8K2024: $5.2K2025: $5.8K
#9 of 52

Inflation · 2025

2.3%

+1.3 pts vs 2024

2010: 2.1%2011: 4.5%2012: 2.5%2013: 1.5%2014: -0.2%2015: 0.1%2016: -1.4%2017: 0.8%2018: 1.3%2019: 1.1%2020: 0.6%2021: 1.9%2022: 7.9%2023: 3.7%2024: 1.0%2025: 2.3%
#34 of 50

Unemployment · 2025

11.9%

+0.1 pts vs 2024

2010: 10.7%2011: 11.0%2012: 11.1%2013: 11.4%2014: 11.7%2015: 11.9%2016: 12.1%2017: 12.2%2018: 12.2%2019: 12.1%2020: 14.7%2021: 13.9%2022: 12.2%2023: 11.9%2024: 11.9%2025: 11.9%
#14 of 53

Population · 2025

527.3K

+0.5% vs 2024

2010: 509.8K2011: 511.4K2012: 512K2013: 512.2K2014: 512.3K2015: 512.4K2016: 512.6K2017: 512.9K2018: 513.4K2019: 514.1K2020: 514.7K2021: 516.6K2022: 519.7K2023: 522.3K2024: 524.9K2025: 527.3K
#52 of 54

Agriculture share · 2025

5.0%

+0.1 pts vs 2024

2010: 5.8%2011: 5.4%2012: 5.8%2013: 5.8%2014: 5.7%2015: 6.4%2016: 6.3%2017: 5.4%2018: 4.5%2019: 4.4%2020: 6.2%2021: 6.0%2022: 5.0%2023: 4.9%2024: 4.9%2025: 5.0%
#43 of 51

Data

Debt, rates and money

Government debt

Not published by source

External debt · 2024

86.9%

−11.3 pts vs 2023

2010: 50.5%2011: 52.8%2012: 87.4%2013: 100.2%2014: 95.1%2015: 108.9%2016: 102.6%2017: 109.3%2018: 96.9%2019: 97.4%2020: 136.2%2021: 121.4%2022: 108.3%2023: 98.1%2024: 86.9%
#6 of 48

Debt service · 2024

12.6%

−2.5 pts vs 2023

2010: 5.4%2011: 4.7%2012: 6.5%2013: 5.8%2014: 5.6%2015: 7.5%2016: 6.7%2017: 6.9%2018: 6.8%2019: 6.8%2020: 14.2%2021: 12.3%2022: 12.0%2023: 15.2%2024: 12.6%
#24 of 48

Import cover · 2025

8.7 mo

+2.7 mo vs 2024

2010: 3.8 mo2011: 2.8 mo2012: 3.5 mo2013: 4.6 mo2014: 4.6 mo2015: 6.1 mo2016: 6.3 mo2017: 5.8 mo2018: 5.2 mo2019: 6.5 mo2020: 8.2 mo2021: 7.9 mo2022: 6.4 mo2023: 6.7 mo2024: 6.0 mo2025: 8.7 mo
#3 of 35

Lending rate · 2025

7.7%

−0.0 pts vs 2024

2010: 11.0%2011: 9.8%2012: 9.9%2013: 10.5%2014: 10.9%2015: 10.4%2016: 9.6%2017: 9.5%2018: 9.0%2019: 9.1%2020: 8.2%2021: 7.6%2022: 7.8%2023: 7.5%2024: 7.8%2025: 7.7%
#23 of 24

Private credit · 2025

54.0%

−0.6 pts vs 2024

2010: 56.5%2011: 59.9%2012: 58.6%2013: 58.5%2014: 57.7%2015: 56.4%2016: 55.1%2017: 55.4%2018: 53.7%2019: 51.6%2020: 68.5%2021: 67.6%2022: 57.9%2023: 56.3%2024: 54.6%2025: 54.0%
#6 of 47

FX (annual avg) · 2025

97.9

−4.0% vs 2024

2010: 83.32011: 79.32012: 86.32013: 83.12014: 83.02015: 99.42016: 99.72017: 97.82018: 93.42019: 98.52020: 96.82021: 93.22022: 1052023: 1022024: 1022025: 97.9
#31 of 52

Data

Capital flows

FDI inflows · 2025

$153.9M

+40.0% vs 2024

2010: $116.2M2011: $102.2M2012: $128M2013: $89.3M2014: $180.6M2015: $96.1M2016: $126.3M2017: $111.7M2018: $103.6M2019: $122.9M2020: $67.6M2021: $91.5M2022: $122M2023: $158.7M2024: $109.9M2025: $153.9M
#40 of 54

Remittances · 2025

$356.8M

+6.8% vs 2024

2010: $130.9M2011: $176.9M2012: $177M2013: $175.9M2014: $197M2015: $200.9M2016: $211.4M2017: $216.6M2018: $234.5M2019: $215M2020: $234.1M2021: $314.5M2022: $315.3M2023: $316.4M2024: $334M2025: $356.8M
#28 of 45

Data

Trade

Exports · 2025

42.0%

−0.7 pts vs 2024

2010: 30.3%2011: 32.9%2012: 37.5%2013: 37.5%2014: 37.2%2015: 41.1%2016: 41.5%2017: 42.1%2018: 45.9%2019: 46.7%2020: 25.3%2021: 23.8%2022: 38.7%2023: 39.3%2024: 42.7%2025: 42.0%
#13 of 49

Current account · 2025

3.5%

−0.4 pts vs 2024

2010: -12.2%2011: -14.9%2012: -12.7%2013: -5.3%2014: -8.3%2015: -2.9%2016: -3.5%2017: -7.0%2018: -4.4%2019: -1.0%2020: -15.7%2021: -12.2%2022: -3.5%2023: -2.8%2024: 3.9%2025: 3.5%
#7 of 46

Data

Technology

Internet use · 2024

74.7%

+0.1 pts vs 2023

2010: 30.0%2011: 32.0%2012: 34.7%2013: 37.5%2014: 40.3%2015: 42.7%2016: 50.3%2017: 57.2%2018: 59.5%2019: 61.9%2020: 69.4%2021: 70.3%2022: 73.3%2023: 74.6%2024: 74.7%
#7 of 51

Mobile subscriptions · 2024

112

−1.0% vs 2023

2010: 732011: 782012: 832013: 982014: 1202015: 1192016: 1172017: 1192018: 1192019: 1162020: 1062021: 1142022: 1132023: 1132024: 112
#21 of 54

Data

Climate and energy

Electricity access · 2024

98.4%

−0.2 pts vs 2023

2010: 81.1%2011: 82.3%2012: 83.2%2013: 84.3%2014: 85.3%2015: 86.4%2016: 87.5%2017: 88.6%2018: 90.2%2019: 91.4%2020: 93.7%2021: 95.5%2022: 97.1%2023: 98.6%2024: 98.4%
#7 of 54

Renewable share · 2022

21.8%

−0.8 pts vs 2021

2010: 21.2%2011: 20.8%2012: 24.3%2013: 25.9%2014: 26.1%2015: 26.4%2016: 23.9%2017: 21.8%2018: 21.9%2019: 19.7%2020: 23.4%2021: 22.6%2022: 21.8%
#44 of 54

Source: World Bank Open Data · World Development Indicators & International Debt Statistics · rank among African countries with a recent print

The Wire

Cabo Verde headlines

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Capital

World Bank lending to Cabo Verde

1 in the pipeline · 14 active · commitments as published by the Bank.

ProjectThemeStatusBoard dateCommitment
Third Cabo Verde Disaster Risk Management Development Policy Loan with a Cat DDOP516432Finance & fiscalPipelineOct 2026$20M
Cabo Verde Contingent Emergency Response Project (CERP)P516618Finance & fiscalActiveJun 2026—
Creating Opportunities and Reaching Results on Employment (CORRE) ProgramP508355Transport & urbanActiveJun 2026$15M
Improving Connectivity and Urban Infrastructure in Cabo VerdeP514336Transport & urbanActiveMar 2026$40M
Renewable Energy and Improved Utility Performance ProjectP507878Climate & energyActiveJan 2026$13.3M
Cabo Verde Third Fiscal Space and Sustainable Growth Development Policy FinancingP501992Finance & fiscalActiveDec 2025$15M
Digital Cabo Verde ProjectP509177DigitalActiveMay 2025$20M
Cabo Verde Human Capital ProjectP508181OtherActiveMar 2025$2M
Cabo Verde Resilient Tourism and Blue Economy Development Second AFP181369Climate & energyActiveApr 2024$30M
Improving Connectivity and Urban Infrastructure in Cabo VerdeP178644Transport & urbanActiveNov 2023$40M
Cabo Verde Resilient Tourism and Blue Economy Development AFP179274Climate & energyActiveMar 2023$10M
Resilient Tourism and Blue Economy Development in Cabo Verde ProjectP176981Climate & energyActiveMay 2022$40M
Cabo Verde Human Capital ProjectP175828Health & educationActiveApr 2022$28M
Renewable Energy and Improved Utility Performance ProjectP170236Climate & energyActiveDec 2021$17M
Digital Cabo Verde ProjectP171099DigitalActiveNov 2020$20M

Source: World Bank Projects & Operations

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