2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP
$2.31BCURRENT US$
Rnk 165 / 186
2012-2022
Flag
GDP GROWTH
21%CURRENT US$
Rnk 119 / 186
2022
Flag
GDP PC 
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC
$3,903CURRENT US$
Rnk 122 / 186
2012-2022
Flag
GDP PC GROWTH
8.91%CURRENT US$
Rnk 121 / 186

About

Costa Rica-Cape Verde Trade: In 2022, Costa Rica exported $1.9k to Cape Verde. The main products that Costa Rica exported to Cape Verde were Pesticides ($1.9k). Over the past 8 years the exports of Costa Rica to Cape Verde have decreased at an annualized rate of 24.1%, from $17.3k in 2014 to $1.9k in 2022.

In 2022, Costa Rica did not export any services to Cape Verde.

Cape Verde-Costa Rica Trade: In 2022, Cape Verde exported $11.3k to Costa Rica. The main products that Cape Verde exported to Costa Rica were Brochures ($2.26k), Cutlery Sets ($1.18k), and Plastic Housewares ($1.1k). Over the past 8 years the exports of Cape Verde to Costa Rica have increased at an annualized rate of 127%,  from $36 in 2014 to $11.3k in 2022.

In 2022, Cape Verde did not export any services to Costa Rica.

Comparison In 2022,  Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32),  and 82 in total exports ($17.2B). That same year, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $1.9k to Cape Verde. The main products exported from Costa Rica to Cape Verde were Pesticides ($1.9k). During the last 8 years the exports of Costa Rica to Cape Verde have decreased at an annualized rate of 24.1%, from $17.3k in 2014 to $1.9k in 2022.

In 2017, Cape Verde exported $11.3k to Costa Rica. The main products exported from Cape Verde to Costa Rica were Brochures ($2.26k), Cutlery Sets ($1.18k), and Plastic Housewares ($1.1k). During the last 5 years the exports of Cape Verde to Costa Rica have increased at an annualized rate of 127%, from $36 in 2022 to $11.3k in 2017.

Exports from Costa Rica (Flag) to Cape Verde (Flag) (2022)

Exports from Cape Verde (Flag) to Costa Rica (Flag) (2022)

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Cape Verde
Top Destination
Spain$51.3M

This map shows whether countries import more from Costa Rica or Cape Verde. Each country is colored based on the difference in imports they receive from Costa Rica and Cape Verde or the difference in the growth in imports.

In 2022, countries that imported more from Costa Rica than Cape Verde included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

In 2022, countries that imported more from Cape Verde than Costa Rica included Senegal ($3.8M), Angola ($275k), and Mauritania ($140k).

Difference in imports from Cape Verde (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - Cape Verde

Flow
Scale

This chart compares trade between Costa Rica and Cape Verde by product, considering products traded by both, Costa Rica and Cape Verde.

During 2022, Costa Rica had a large net trade with Cape Verde in the exports of Chemical Products ($1.9k).

During 2017, Cape Verde had a large net trade with Costa Rica in the exports of Paper Goods ($3.15k), Metals ($2.94k), and Stone And Glass ($1.97k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Cape Verde. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Cape Verde. Similarly, a dot/product with the flag of Cape Verde indicates it has a comparative advantage over Costa Rica.

Product Space of Costa Rica (Flag) and Cape Verde (Flag) (2022)

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