Cabo Verde 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$2.53 billion
↑ 12.76% vs 2022GDP per Capita
$4,850.98
↑ 12.21% vs 2022GDP Growth (Annual %)
5.48%
↓ 10.37pp vs 2022Inflation Rate (CPI %)
3.72%
↓ 4.21pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $2.25 billion | $2.53 billion | +12.76% |
| GDP per Capita | $4,323.31 | $4,850.98 | +12.21% |
| GDP Growth (Annual %) | 15.84% | 5.48% | -10.37pp |
| Inflation (CPI %) | 7.93% | 3.72% | -4.21pp |
| Unemployment Rate (%) | 12.25% | 11.97% | -0.28pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $2.53 billion
- GDP per Capita
- $4,850.98
- GDP Growth (Annual %)
- 5.48%
- Gross National Income
- $2.50 billion
Prices & Employment
- Inflation (CPI %)
- 3.72%
- Inflation (GDP Deflator %)
- 3.79%
- Unemployment Rate (%)
- 11.97%
- Interest Rate (Real %)
- 3.60%
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)
- -2.54%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Cabo Verde's Gross Domestic Product (GDP) is $2.53 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Cabo Verde for 2023 is $4,850.98. 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 2023 is 3.72%. This measures the annual percentage change in the cost of consumer goods and services.
Cabo Verde's annual GDP growth rate for 2023 is 5.48%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Cabo Verde for 2023 is 11.97%. This represents the percentage of the labor force that is unemployed and actively seeking employment.