Services, value added (% of GDP) in Cape Verde
Cape Verde: Services, value added (% of GDP) was 67.9% in 2025. ▲ Rising
Services, value added in Cape Verde, 1980–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Cape Verde recorded 67.9% for services, value added in 2025.
The figure is down 1.3% on the previous year and up 1.1% over ten years.
Over the whole period, services, value added in Cape Verde peaked at 72.6% in 2006 and was at its lowest, 55.5%, in 1990.
Cape Verde ranks 44th of 206 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 46 years of available data.
Services, value added (% of GDP) in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 64.5% | — |
| 1981 | 66.9% | +3.7% |
| 1982 | 71.6% | +7.1% |
| 1983 | 70.7% | -1.3% |
| 1984 | 70.5% | -0.2% |
| 1985 | 69.0% | -2.1% |
| 1986 | 68.5% | -0.7% |
| 1987 | 63.6% | -7.1% |
| 1988 | 63.0% | -1.0% |
| 1989 | 63.0% | +0.1% |
| 1990 | 55.5% | -11.9% |
| 1991 | 56.3% | +1.3% |
| 1992 | 55.8% | -0.8% |
| 1993 | 67.3% | +20.6% |
| 1994 | 56.6% | -16.0% |
| 1995 | 58.0% | +2.6% |
| 1996 | 58.6% | +1.0% |
| 1997 | 62.1% | +6.0% |
| 1998 | 62.7% | +0.9% |
| 1999 | 63.0% | +0.5% |
| 2000 | 65.4% | +3.8% |
| 2001 | 69.4% | +6.2% |
| 2002 | 70.6% | +1.7% |
| 2003 | 71.3% | +1.0% |
| 2004 | 71.9% | +0.8% |
| 2005 | 71.8% | -0.2% |
| 2006 | 72.6% | +1.1% |
| 2007 | 67.3% | -7.3% |
| 2008 | 66.5% | -1.2% |
| 2009 | 66.7% | +0.3% |
| 2010 | 67.4% | +1.1% |
| 2011 | 67.3% | -0.3% |
| 2012 | 68.7% | +2.1% |
| 2013 | 68.0% | -0.9% |
| 2014 | 67.5% | -0.7% |
| 2015 | 67.2% | -0.6% |
| 2016 | 69.3% | +3.2% |
| 2017 | 69.6% | +0.5% |
| 2018 | 67.4% | -3.1% |
| 2019 | 69.8% | +3.6% |
| 2020 | 66.0% | -5.5% |
| 2021 | 68.5% | +3.9% |
| 2022 | 69.0% | +0.7% |
| 2023 | 68.9% | -0.2% |
| 2024 | 68.8% | -0.1% |
| 2025 | 67.9% | -1.3% |
Cape Verde compared with similar countries
- Cape Verde's 67.9% is above the median for upper middle income countries, which is 58.1%, 1.2× the median. (58 countries reporting)
- Cape Verde's 67.9% is above the median for Sub-Saharan Africa, which is 48.7%, 1.4× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 67.1% | 63.0% | 71.6% | 10 |
| 1990s | 59.6% | 55.5% | 67.3% | 10 |
| 2000s | 69.4% | 65.4% | 72.6% | 10 |
| 2010s | 68.2% | 67.2% | 69.8% | 10 |
| 2020s | 68.2% | 66.0% | 69.0% | 6 |
Countries ranked near Cape Verde
- 41 New Zealand 68.2% compare
- 42 Marshall Islands 68.2% compare
- 43 Seychelles 67.9% compare
- 45 Australia 67.5% compare
- 46 Greece 67.4% compare
- 47 Sweden 67.0% compare
More economy & growth data for Cape Verde
- 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)
- IMF holdings of currency, SDR, annual growth rate -0.4522 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Cape Verde?
- Services, value added in Cape Verde was 67.9% 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 72.6% in 2006.
- What is the lowest services, value added recorded in Cape Verde?
- The lowest recorded value was 55.5% in 1990.
- How does Cape Verde rank for services, value added?
- Cape Verde ranks 44th 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 1.1%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.