Overview In 2019 Cape Verde was the number 167 economy in the world in terms of GDP (current US$), the number 191 in total exports, the number 182 in total imports,
the number 123 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).
In 2019, Cape Verde exported a total of $95.5M, making it the number 191 exporter in the world. During the last five reported years the exports of Cape Verde have changed by -$16.8M from $112M in 2014 to $95.5M in 2019.
In 2019 Cape Verde imported $930M, making it the number 182 trade destination in the world. During the last five reported years the imports of Cape Verde changed by $117M from $813M in 2014 to $930M in 2019.
In 2017, Cape Verde exported $639M worth of services. The top services exported by Cape Verde in 2017 were Personal travel ($417M), Air transport ($88M), Miscellaneous business, professional, and technical services ($52.9M), Telecommunications services ($24.5M), and Government services, n.i.e. ($24.2M).
The top services imported by Cape Verde in 2017 were Miscellaneous business, professional, and technical services ($108M), Personal travel ($63.5M), Sea transport ($60M), Air transport ($38.6M), and Telecommunications services ($12.4M).
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
This network shows the products most related to the production structure of Cape Verde. These are products that tend to be co-exported with the products that Cape Verde exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.