Cabo Verde 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$1.82 billion
↓ 19.12% vs 2019GDP per Capita
$3,539.23
↓ 19.21% vs 2019GDP Growth (Annual %)
-20.81%
↓ 27.75pp vs 2019Inflation Rate (CPI %)
0.61%
↓ 0.50pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $2.25 billion | $1.82 billion | -19.12% |
| GDP per Capita | $4,380.78 | $3,539.23 | -19.21% |
| GDP Growth (Annual %) | 6.95% | -20.81% | -27.75pp |
| Inflation (CPI %) | 1.11% | 0.61% | -0.50pp |
| Unemployment Rate (%) | 12.13% | 14.69% | +2.56pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $1.82 billion
- GDP per Capita
- $3,539.23
- GDP Growth (Annual %)
- -20.81%
- Gross National Income
- $1.78 billion
Prices & Employment
- Inflation (CPI %)
- 0.61%
- Inflation (GDP Deflator %)
- 0.37%
- Unemployment Rate (%)
- 14.69%
- Interest Rate (Real %)
- 7.80%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -15.68%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Cabo Verde's Gross Domestic Product (GDP) is $1.82 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Cabo Verde for 2020 is $3,539.23. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Cabo Verde for 2020 is 0.61%. This measures the annual percentage change in the cost of consumer goods and services.
Cabo Verde's annual GDP growth rate for 2020 is -20.81%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Cabo Verde for 2020 is 14.69%. This represents the percentage of the labor force that is unemployed and actively seeking employment.