Merchandise trade as a proportion of GDP in Cabo Verde
Cabo Verde: Merchandise trade as a proportion of GDP was 68.9% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Cabo Verde, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, merchandise trade as a proportion of gdp in Cabo Verde stood at 68.9%.
Compared with earlier readings it is down 8.6% on the previous year and up 65.8% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Cabo Verde peaked at 85.6% in 2022 and was at its lowest, 38.3%, in 2015.
That places Cabo Verde 71st out of 218 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in Cabo Verde, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 44.7% | — |
| 2001 | 43.3% | -3.0% |
| 2002 | 46.3% | +6.7% |
| 2003 | 44.8% | -3.2% |
| 2004 | 48.2% | +7.7% |
| 2005 | 46.9% | -2.7% |
| 2006 | 50.8% | +8.4% |
| 2007 | 46.6% | -8.3% |
| 2008 | 43.7% | -6.2% |
| 2009 | 40.2% | -8.2% |
| 2010 | 43.1% | +7.2% |
| 2011 | 49.6% | +15.2% |
| 2012 | 43.0% | -13.4% |
| 2013 | 39.1% | -8.9% |
| 2014 | 41.5% | +6.1% |
| 2015 | 38.3% | -7.7% |
| 2016 | 58.2% | +51.8% |
| 2017 | 66.0% | +13.3% |
| 2018 | 78.3% | +18.7% |
| 2019 | 67.7% | -13.5% |
| 2020 | 65.7% | -3.0% |
| 2021 | 68.7% | +4.5% |
| 2022 | 85.6% | +24.6% |
| 2023 | 75.4% | -11.9% |
| 2024 | 68.9% | -8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 45.6% | 40.2% | 50.8% | 10 |
| 2010s | 52.5% | 38.3% | 78.3% | 10 |
| 2020s | 72.8% | 65.7% | 85.6% | 5 |
Countries ranked near Cabo Verde
- 69 Republic of Moldova 69.3% compare
- 69 Republic of Moldova 69.3% compare
- 72 Georgia 68.6% compare
- 73 Mexico 67.9% compare
- 74 Iraq 67.4% compare
More economy & growth data for Cabo Verde
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.51 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.56 Percent per annum (2029)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 2.73 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 7.27 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 6.75 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 52,503 million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 515.13 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 5.98 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.61 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 5.98 % (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Cabo Verde?
- Merchandise trade as a proportion of gdp in Cabo Verde was 68.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Cabo Verde?
- The highest recorded value was 85.6% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Cabo Verde?
- The lowest recorded value was 38.3% in 2015.
- How does Cabo Verde rank for merchandise trade as a proportion of gdp?
- Cabo Verde ranks 71st out of 218 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Cabo Verde?
- Over the last ten years it is up 65.8%. The long-run trend across the full record is rising.
- Where does this Cabo Verde data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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