Questions
Questions on the economy of Cabo Verde
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What is the GDP of Cabo Verde?
3.1 bn$ in 2025 (IMF, current dollars): no. 47 of 53 African economies.
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What is the economic growth of Cabo Verde?
Real GDP growth of +6.3 % in 2025 (IMF estimate). The IMF projects +5.0 % for 2026.
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What GDP does the IMF project for Cabo Verde in 2030?
4.5 bn$ in 2030 according to the IMF projections, against 3.1 bn$ in 2025: real growth of 5.1 % a year on average.
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Is Cabo Verde a rich country?
GDP per capita of 5,961 $ in 2025, well above the African median (1,768 $): no. 9 of 53 in Africa per person (IMF).
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How many people live in Cabo Verde?
0.5 M inhabitants in 2025 (IMF): no. 51 in Africa by population.
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What is the inflation rate in Cabo Verde?
2.3 % in 2025, average annual change in consumer prices (IMF). Projection for 2026: 1.2 %.
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Is Cabo Verde highly indebted?
Public debt of 115.4 % of GDP in 2025, against a median of 53.2 % in Africa: no. 4 of 52 from the most indebted (IMF).
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Is Cabo Verde in default?
No. Its rating is B+ (S&P B+ · Fitch B). Risk of debt distress: moderate (IMF-World Bank, 26 Feb 2026).
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What is the credit rating of Cabo Verde?
S&P B+ · Fitch B: weak rating, no. 13 of the 34 African countries rated.
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What is the currency of Cabo Verde?
Its currency: Cape Verdean escudo (CVE). Fixed rate: 110.265 CVE for 1 EUR.
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What does Cabo Verde export?
In 2024, mostly: Meat and fish preparations (67.7 %), Knitted clothing (4.4 %), Iron and steel (3.8 %). First client: Spain (CEPII, BACI).
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Which economic communities is Cabo Verde part of?
ECOWAS (Economic Community of West African States).
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Does Cabo Verde have a stock exchange?
Yes: the Bolsa de Valores de Cabo Verde, with 4 listed securities.
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What share of the population of Cabo Verde has electricity?
98.4 % of the population in 2024 (World Bank).
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Answers written from the latest figures of the IMF, the World Bank, CEPII, the rating agencies and the IMF-World Bank debt analyses. Method and sources