Overview In 2019 Cape Verde was the number 167 economy in the world in terms of GDP (current US$), the number 191 in total exports, the number 182 in total imports,
the number N/A economy in terms of GDP per capita (current US$) 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 a country currently specializes 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 vs strategic value of a country's potential export oppotunities.
Relatedness is 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 greenhouse emissions.