Services, value added (constant LCU) in Cape Verde
Cape Verde: Services, value added (constant LCU) was 168.96 billion constant LCU in 2025. ◆ Volatile
Services, value added in Cape Verde, 1980–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, services, value added in Cape Verde stood at 168.96 billion constant LCU. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 6.3% on the previous year and up 44.7% over ten years.
Over the whole period, services, value added in Cape Verde peaked at 168.96 billion constant LCU in 2025 and was at its lowest, 12.38 billion constant LCU, in 1980.
That places Cape Verde 111th out of 199 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant LCU) in Cape Verde, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1980 | 12.38 billion constant LCU | — |
| 1981 | 13.86 billion constant LCU | +11.9% |
| 1982 | 15.14 billion constant LCU | +9.3% |
| 1983 | 16.59 billion constant LCU | +9.6% |
| 1984 | 17.45 billion constant LCU | +5.2% |
| 1985 | 18.19 billion constant LCU | +4.2% |
| 1986 | 18.62 billion constant LCU | +2.3% |
| 1987 | 18.03 billion constant LCU | -3.1% |
| 1988 | 19.18 billion constant LCU | +6.4% |
| 1989 | 20.42 billion constant LCU | +6.5% |
| 1990 | 21.14 billion constant LCU | +3.5% |
| 1991 | 21.71 billion constant LCU | +2.7% |
| 1992 | 24.29 billion constant LCU | +11.9% |
| 1993 | 26.20 billion constant LCU | +7.9% |
| 1994 | 31.64 billion constant LCU | +20.8% |
| 1995 | 36.49 billion constant LCU | +15.3% |
| 1996 | 40.82 billion constant LCU | +11.9% |
| 1997 | 47.35 billion constant LCU | +16.0% |
| 1998 | 54.04 billion constant LCU | +14.1% |
| 1999 | 59.31 billion constant LCU | +9.7% |
| 2000 | 69.39 billion constant LCU | +17.0% |
| 2001 | 74.31 billion constant LCU | +7.1% |
| 2002 | 78.97 billion constant LCU | +6.3% |
| 2003 | 83.06 billion constant LCU | +5.2% |
| 2004 | 92.52 billion constant LCU | +11.4% |
| 2005 | 99.22 billion constant LCU | +7.3% |
| 2006 | 108.00 billion constant LCU | +8.8% |
| 2007 | 100.50 billion constant LCU | -6.9% |
| 2008 | 106.03 billion constant LCU | +5.5% |
| 2009 | 105.46 billion constant LCU | -0.5% |
| 2010 | 108.96 billion constant LCU | +3.3% |
| 2011 | 112.95 billion constant LCU | +3.7% |
| 2012 | 116.67 billion constant LCU | +3.3% |
| 2013 | 116.76 billion constant LCU | +0.1% |
| 2014 | 116.91 billion constant LCU | +0.1% |
| 2015 | 116.78 billion constant LCU | -0.1% |
| 2016 | 124.44 billion constant LCU | +6.6% |
| 2017 | 130.13 billion constant LCU | +4.6% |
| 2018 | 134.82 billion constant LCU | +3.6% |
| 2019 | 145.75 billion constant LCU | +8.1% |
| 2020 | 112.18 billion constant LCU | -23.0% |
| 2021 | 125.18 billion constant LCU | +11.6% |
| 2022 | 142.37 billion constant LCU | +13.7% |
| 2023 | 148.46 billion constant LCU | +4.3% |
| 2024 | 158.94 billion constant LCU | +7.1% |
| 2025 | 168.96 billion constant LCU | +6.3% |
Cape Verde compared with similar countries
- Cape Verde's 168.96 billion constant LCU is below the median for upper middle income countries, which is 353.44 billion constant LCU, 48% of the median. (58 countries reporting)
- Cape Verde's 168.96 billion constant LCU is below the median for Sub-Saharan Africa, which is 1.66 trillion constant LCU, 10% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 16.99 billion constant LCU | 12.38 billion constant LCU | 20.42 billion constant LCU | 10 |
| 1990s | 36.30 billion constant LCU | 21.14 billion constant LCU | 59.31 billion constant LCU | 10 |
| 2000s | 91.75 billion constant LCU | 69.39 billion constant LCU | 108.00 billion constant LCU | 10 |
| 2010s | 122.42 billion constant LCU | 108.96 billion constant LCU | 145.75 billion constant LCU | 10 |
| 2020s | 142.68 billion constant LCU | 112.18 billion constant LCU | 168.96 billion constant LCU | 6 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Real gdp growth, annual growth rate 51.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 300.47 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.7172 units per person (2025)
- SDRs holdings, SDR, annual growth rate 281.36 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.5237 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.54 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 51.68 units per person (2025)
Frequently asked questions
- What is services, value added in Cape Verde?
- Services, value added in Cape Verde was 168.96 billion constant LCU 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 168.96 billion constant LCU in 2025.
- What is the lowest services, value added recorded in Cape Verde?
- The lowest recorded value was 12.38 billion constant LCU in 1980.
- How does Cape Verde rank for services, value added?
- Cape Verde ranks 111th out of 199 countries with data for 2025.
- Is services, value added rising or falling in Cape Verde?
- Over the last ten years it is up 44.7%. 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 (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.