Services, value added (current US$) in Cape Verde
Cape Verde: Services, value added (current US$) was 2.08 billion current US$ in 2025. ◆ Volatile
Services, value added in Cape Verde, 1980–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, services, value added in Cape Verde stood at 2.08 billion current US$. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 11.1% on the previous year and up 76.7% over ten years.
Over the whole period, services, value added in Cape Verde peaked at 2.08 billion current US$ in 2025 and was at its lowest, 91.72 million current US$, in 1980.
That places Cape Verde 176th out of 206 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$) in Cape Verde, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | 91.72 million current US$ | — |
| 1981 | 93.27 million current US$ | +1.7% |
| 1982 | 100.71 million current US$ | +8.0% |
| 1983 | 97.86 million current US$ | -2.8% |
| 1984 | 93.13 million current US$ | -4.8% |
| 1985 | 95.07 million current US$ | +2.1% |
| 1986 | 130.69 million current US$ | +37.5% |
| 1987 | 149.74 million current US$ | +14.6% |
| 1988 | 166.51 million current US$ | +11.2% |
| 1989 | 168.58 million current US$ | +1.2% |
| 1990 | 170.46 million current US$ | +1.1% |
| 1991 | 180.00 million current US$ | +5.6% |
| 1992 | 199.38 million current US$ | +10.8% |
| 1993 | 330.23 million current US$ | +65.6% |
| 1994 | 230.05 million current US$ | -30.3% |
| 1995 | 282.67 million current US$ | +22.9% |
| 1996 | 294.26 million current US$ | +4.1% |
| 1997 | 304.73 million current US$ | +3.6% |
| 1998 | 327.11 million current US$ | +7.3% |
| 1999 | 373.10 million current US$ | +14.1% |
| 2000 | 352.55 million current US$ | -5.5% |
| 2001 | 390.90 million current US$ | +10.9% |
| 2002 | 438.05 million current US$ | +12.1% |
| 2003 | 580.10 million current US$ | +32.4% |
| 2004 | 665.20 million current US$ | +14.7% |
| 2005 | 697.95 million current US$ | +4.9% |
| 2006 | 803.98 million current US$ | +15.2% |
| 2007 | 1.11 billion current US$ | +38.1% |
| 2008 | 1.30 billion current US$ | +17.3% |
| 2009 | 1.24 billion current US$ | -5.2% |
| 2010 | 1.23 billion current US$ | -0.4% |
| 2011 | 1.38 billion current US$ | +11.9% |
| 2012 | 1.31 billion current US$ | -4.6% |
| 2013 | 1.38 billion current US$ | +5.1% |
| 2014 | 1.38 billion current US$ | -0.1% |
| 2015 | 1.18 billion current US$ | -14.8% |
| 2016 | 1.28 billion current US$ | +9.1% |
| 2017 | 1.39 billion current US$ | +8.4% |
| 2018 | 1.49 billion current US$ | +7.0% |
| 2019 | 1.57 billion current US$ | +5.8% |
| 2020 | 1.20 billion current US$ | -23.6% |
| 2021 | 1.41 billion current US$ | +17.0% |
| 2022 | 1.55 billion current US$ | +10.3% |
| 2023 | 1.73 billion current US$ | +11.3% |
| 2024 | 1.87 billion current US$ | +8.3% |
| 2025 | 2.08 billion current US$ | +11.1% |
Cape Verde compared with similar countries
- Cape Verde's 2.08 billion current US$ is below the median for upper middle income countries, which is 24.02 billion current US$, 9% of the median. (58 countries reporting)
- Cape Verde's 2.08 billion current US$ is below the median for Sub-Saharan Africa, which is 9.23 billion current US$, 22% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current US$) 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 |
|---|---|---|---|
| 1993 | +65.6% | 199.38 million current US$ | 330.23 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 118.73 million current US$ | 91.72 million current US$ | 168.58 million current US$ | 10 |
| 1990s | 269.20 million current US$ | 170.46 million current US$ | 373.10 million current US$ | 10 |
| 2000s | 757.77 million current US$ | 352.55 million current US$ | 1.30 billion current US$ | 10 |
| 2010s | 1.36 billion current US$ | 1.18 billion current US$ | 1.57 billion current US$ | 10 |
| 2020s | 1.64 billion current US$ | 1.20 billion current US$ | 2.08 billion current US$ | 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 2.08 billion current US$ 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 2.08 billion current US$ in 2025.
- What is the lowest services, value added recorded in Cape Verde?
- The lowest recorded value was 91.72 million current US$ in 1980.
- How does Cape Verde rank for services, value added?
- Cape Verde ranks 176th out of 206 countries with data for 2025.
- Is services, value added rising or falling in Cape Verde?
- Over the last ten years it is up 76.7%. 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 (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.