Machinery and transport equipment in Cape Verde
Cape Verde: Machinery and transport equipment was 5.0% in 2023. ▼ Falling
Machinery and transport equipment in Cape Verde, 2016–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
Cape Verde recorded 5.0% for machinery and transport equipment in 2023. That is the lowest value across all 8 years on record.
The figure is down 10.9% on the previous year and down 57.4% over ten years.
Cape Verde ranks 89th of 149 countries on this measure, in the middle of the range.
Machinery and transport equipment in Cape Verde, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 2016 | 11.6% | — |
| 2017 | 9.0% | -22.4% |
| 2018 | 8.5% | -6.0% |
| 2019 | 6.5% | -22.8% |
| 2020 | 13.0% | +97.9% |
| 2021 | 5.0% | -61.6% |
| 2022 | 5.6% | +11.8% |
| 2023 | 5.0% | -10.9% |
Cape Verde compared with similar countries
- Cape Verde's 5.0% is below the median for upper middle income countries, which is 6.8%, 72% of the median. (46 countries reporting)
- Cape Verde's 5.0% is above the median for Sub-Saharan Africa, which is 2.0%, 2.5× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.9% | 6.5% | 11.6% | 4 |
| 2020s | 7.1% | 5.0% | 13.0% | 4 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Foreign direct investment, net outflows (BoP, current US$), gaps 23.86 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0078 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 45.25 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 153.85 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 39.95 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0503 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 291.76 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 60.76 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.4119 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 2,387 includes gold, current US$ per person (2025)
Frequently asked questions
- What is machinery and transport equipment in Cape Verde?
- Machinery and transport equipment in Cape Verde was 5.0% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Cape Verde?
- The highest recorded value was 13.0% in 2020.
- What is the lowest machinery and transport equipment recorded in Cape Verde?
- The lowest recorded value was 5.0% in 2023.
- How does Cape Verde rank for machinery and transport equipment?
- Cape Verde ranks 89th out of 149 countries with data for 2023.
- Is machinery and transport equipment rising or falling in Cape Verde?
- Over the last ten years it is down 57.4%. The long-run trend across the full record is falling.
- Where does this Cape Verde data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).