Spending by international visitors while visiting a country as a share of GDP in Cape Verde
Cape Verde: Spending by international visitors while visiting a country as a share of GDP was 23.9% in 2024. ▲ Rising
Spending by international visitors while visiting a country as a share of GDP in Cape Verde, 1995–2024
Source: UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for spending by international visitors while visiting a country as a share of gdp in Cape Verde is 23.9%, measured in 2024.
That represents a change of up 10.5% on the previous year and up 7.6% over ten years.
Over the whole period, spending by international visitors while visiting a country as a share of gdp in Cape Verde peaked at 25.3% in 2006 and was at its lowest, 6.0%, in 1995.
That places Cape Verde 17th out of 191 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Spending by international visitors while visiting a country as a share of GDP in Cape Verde, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 6.0% | — |
| 1996 | 7.4% | +23.8% |
| 1997 | 10.2% | +38.3% |
| 1998 | 8.6% | -15.4% |
| 1999 | 9.5% | +9.6% |
| 2000 | 11.9% | +25.6% |
| 2001 | 13.7% | +15.2% |
| 2002 | 16.1% | +17.9% |
| 2003 | 16.6% | +3.0% |
| 2004 | 16.5% | -0.4% |
| 2005 | 18.2% | +10.1% |
| 2006 | 25.3% | +38.9% |
| 2007 | 22.7% | -10.1% |
| 2008 | 22.0% | -3.0% |
| 2009 | 18.8% | -14.5% |
| 2010 | 21.2% | +12.6% |
| 2011 | 21.4% | +0.9% |
| 2012 | 23.6% | +10.4% |
| 2013 | 23.8% | +0.8% |
| 2014 | 22.2% | -6.8% |
| 2015 | 21.7% | -2.1% |
| 2016 | 21.5% | -1.2% |
| 2017 | 22.6% | +5.2% |
| 2018 | 23.6% | +4.4% |
| 2019 | 25.2% | +6.8% |
| 2020 | 9.3% | -63.2% |
| 2021 | 7.1% | -23.8% |
| 2022 | 17.9% | +154.1% |
| 2023 | 21.6% | +20.4% |
| 2024 | 23.9% | +10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.3% | 6.0% | 10.2% | 5 |
| 2000s | 18.2% | 11.9% | 25.3% | 10 |
| 2010s | 22.7% | 21.2% | 25.2% | 10 |
| 2020s | 15.9% | 7.1% | 23.9% | 5 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Gross capital formation (current US$), annual growth rate 20.18 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.1741 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 1,009 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 15.4 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 17.03 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 98,742 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 13.08 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1827 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 1,059 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 10.83 % change on previous year (2025)
Frequently asked questions
- What is spending by international visitors while visiting a country as a share of gdp in Cape Verde?
- Spending by international visitors while visiting a country as a share of gdp in Cape Verde was 23.9% in 2024, according to UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest spending by international visitors while visiting a country as a share of gdp recorded in Cape Verde?
- The highest recorded value was 25.3% in 2006.
- What is the lowest spending by international visitors while visiting a country as a share of gdp recorded in Cape Verde?
- The lowest recorded value was 6.0% in 1995.
- How does Cape Verde rank for spending by international visitors while visiting a country as a share of gdp?
- Cape Verde ranks 17th out of 191 countries with data for 2024.
- Is spending by international visitors while visiting a country as a share of gdp rising or falling in Cape Verde?
- Over the last ten years it is up 7.6%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Spending by international visitors while visiting a country as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Money received by the destination country from foreign visitors, including spending on accommodation, food, transport, entertainment, shopping, and fares paid to the country’s own airlines, as a share of, as a share of GDP.