Trade in services in Cape Verde
Cape Verde: Trade in services was 42.2% in 2025. ▲ Rising
Trade in services in Cape Verde, 1980–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Cape Verde is 42.2%, measured in 2025.
The figure is up 1.5% on the previous year and down 5.1% over ten years.
Over the whole period, trade in services in Cape Verde peaked at 58.3% in 2006 and was at its lowest, 12.3%, in 1980.
Cape Verde ranks 43rd of 200 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 46 years of available data.
Trade in services in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 12.3% | — |
| 1981 | 24.8% | +100.9% |
| 1982 | 28.5% | +15.0% |
| 1983 | 33.0% | +15.8% |
| 1984 | 25.9% | -21.5% |
| 1985 | 24.3% | -6.3% |
| 1986 | 25.7% | +6.0% |
| 1987 | 19.6% | -23.7% |
| 1988 | 17.8% | -9.1% |
| 1989 | 21.3% | +19.6% |
| 1990 | 22.1% | +3.7% |
| 1991 | 17.7% | -19.8% |
| 1992 | 18.5% | +4.4% |
| 1993 | 14.6% | -21.3% |
| 1994 | 20.6% | +41.0% |
| 1995 | 26.6% | +29.3% |
| 1996 | 30.7% | +15.6% |
| 1997 | 34.2% | +11.3% |
| 1998 | 35.5% | +3.9% |
| 1999 | 39.0% | +9.6% |
| 2000 | 39.8% | +2.1% |
| 2001 | 45.4% | +14.1% |
| 2002 | 48.0% | +5.8% |
| 2003 | 48.9% | +1.9% |
| 2004 | 48.9% | -0.1% |
| 2005 | 50.5% | +3.4% |
| 2006 | 58.3% | +15.3% |
| 2007 | 48.3% | -17.0% |
| 2008 | 49.7% | +2.8% |
| 2009 | 43.5% | -12.4% |
| 2010 | 44.6% | +2.6% |
| 2011 | 44.9% | +0.6% |
| 2012 | 50.2% | +11.7% |
| 2013 | 49.0% | -2.4% |
| 2014 | 48.8% | -0.3% |
| 2015 | 44.5% | -9.0% |
| 2016 | 47.2% | +6.2% |
| 2017 | 46.9% | -0.7% |
| 2018 | 48.2% | +2.8% |
| 2019 | 48.6% | +0.9% |
| 2020 | 28.2% | -42.1% |
| 2021 | 25.1% | -10.7% |
| 2022 | 36.4% | +44.6% |
| 2023 | 39.6% | +8.8% |
| 2024 | 41.6% | +5.1% |
| 2025 | 42.2% | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 23.3% | 12.3% | 33.0% | 10 |
| 1990s | 26.0% | 14.6% | 39.0% | 10 |
| 2000s | 48.1% | 39.8% | 58.3% | 10 |
| 2010s | 47.3% | 44.5% | 50.2% | 10 |
| 2020s | 35.5% | 25.1% | 42.2% | 6 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Manufacturing, value added (constant 2015 US$), per capita 232.74 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), per 47,331 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 11.14 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6792 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 3,937 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 6.72 % change on previous year (2025)
- Services, value added (constant 2015 US$), annual growth rate 6.3 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5562 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0402 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 8.17 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Cape Verde?
- Trade in services in Cape Verde was 42.2% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Cape Verde?
- The highest recorded value was 58.3% in 2006.
- What is the lowest trade in services recorded in Cape Verde?
- The lowest recorded value was 12.3% in 1980.
- How does Cape Verde rank for trade in services?
- Cape Verde ranks 43rd out of 200 countries with data for 2025.
- Is trade in services rising or falling in Cape Verde?
- Over the last ten years it is down 5.1%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% 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
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.