Services, value added in Cape Verde
Cape Verde: Services, value added was 6.3% in 2025. ◆ Volatile
Services, value added in Cape Verde, 1981–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for services, value added in Cape Verde is 6.3%, measured in 2025.
Compared with earlier readings it is down 10.9% on the previous year and up 6,192.9% over ten years.
Over the whole period, services, value added in Cape Verde peaked at 20.8% in 1994 and was at its lowest, -23.0%, in 2020.
That places Cape Verde 28th out of 198 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Cape Verde, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1981 | 11.9% | — |
| 1982 | 9.3% | -21.9% |
| 1983 | 9.6% | +3.1% |
| 1984 | 5.2% | -46.0% |
| 1985 | 4.2% | -18.1% |
| 1986 | 2.3% | -44.9% |
| 1987 | -3.1% | -234.6% |
| 1988 | 6.4% | -302.5% |
| 1989 | 6.5% | +2.3% |
| 1990 | 3.5% | -46.1% |
| 1991 | 2.7% | -23.1% |
| 1992 | 11.9% | +341.4% |
| 1993 | 7.9% | -33.9% |
| 1994 | 20.8% | +164.3% |
| 1995 | 15.3% | -26.2% |
| 1996 | 11.9% | -22.5% |
| 1997 | 16.0% | +34.8% |
| 1998 | 14.1% | -11.8% |
| 1999 | 9.7% | -30.9% |
| 2000 | 17.0% | +74.5% |
| 2001 | 7.1% | -58.3% |
| 2002 | 6.3% | -11.4% |
| 2003 | 5.2% | -17.6% |
| 2004 | 11.4% | +120.1% |
| 2005 | 7.3% | -36.3% |
| 2006 | 8.8% | +21.9% |
| 2007 | -6.9% | -178.6% |
| 2008 | 5.5% | -179.2% |
| 2009 | -0.5% | -109.6% |
| 2010 | 3.3% | -726.6% |
| 2011 | 3.7% | +10.2% |
| 2012 | 3.3% | -10.1% |
| 2013 | 0.1% | -97.7% |
| 2014 | 0.1% | +66.9% |
| 2015 | -0.1% | -180.6% |
| 2016 | 6.6% | -6436.5% |
| 2017 | 4.6% | -30.1% |
| 2018 | 3.6% | -21.3% |
| 2019 | 8.1% | +125.1% |
| 2020 | -23.0% | -384.1% |
| 2021 | 11.6% | -150.3% |
| 2022 | 13.7% | +18.4% |
| 2023 | 4.3% | -68.9% |
| 2024 | 7.1% | +65.4% |
| 2025 | 6.3% | -10.9% |
Cape Verde compared with similar countries
- Cape Verde's 6.3% is above the median for upper middle income countries, which is 3.3%, 1.9× the median. (58 countries reporting)
- Cape Verde's 6.3% is above the median for Sub-Saharan Africa, which is 4.8%, 1.3× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Services, value added in Cape Verde changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | +6436.5% | -0.1% | 6.6% |
| 2010 | +726.6% | -0.5% | 3.3% |
| 2020 | -384.1% | 8.1% | -23.0% |
| 1992 | +341.4% | 2.7% | 11.9% |
| 1988 | +302.5% | -3.1% | 6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.8% | -3.1% | 11.9% | 9 |
| 1990s | 11.4% | 2.7% | 20.8% | 10 |
| 2000s | 6.1% | -6.9% | 17.0% | 10 |
| 2010s | 3.3% | -0.1% | 8.1% | 10 |
| 2020s | 3.3% | -23.0% | 13.7% | 6 |
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 services, value added in Cape Verde?
- Services, value added in Cape Verde was 6.3% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Cape Verde?
- The highest recorded value was 20.8% in 1994.
- What is the lowest services, value added recorded in Cape Verde?
- The lowest recorded value was -23.0% in 2020.
- How does Cape Verde rank for services, value added?
- Cape Verde ranks 28th out of 198 countries with data for 2025.
- Is services, value added rising or falling in Cape Verde?
- Over the last ten years it is up 6,192.9%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.