Cabo Verde: Merchandise trade (% of GDP)
In , Cabo Verde's Merchandise trade (% of GDP) was 68.87.
That's down 8.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Cabo Verde ranks #64 globally out of 197 reporting countries. Within Sub-Saharan Africa, it ranks #12 of 48.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 85.58
- Trough
- 38.35
- 1-year change
- -8.6%
- 5-year change
- +1.7%
- +0.3% / yr
- 10-year change
- +65.8%
- +5.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 68.8703 | |
| 75.3835 | |
| 85.5806 | |
| 68.6700 | |
| 65.7127 | |
| 67.7123 | |
| 78.3185 | |
| 65.9575 | |
| 58.2228 | |
| 38.3460 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Cabo Verde's Merchandise trade (% of GDP) in 2024?
- In 2024, Cabo Verde's Merchandise trade (% of GDP) was 68.87, according to World Bank Open Data.
- Is Cabo Verde's Merchandise trade (% of GDP) rising or falling?
- Cabo Verde's Merchandise trade (% of GDP) fell 8.6% from 2023 to 2024.
- How does Cabo Verde rank globally on Merchandise trade (% of GDP)?
- In 2024, Cabo Verde ranked #64 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Cabo Verde's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Cabo Verde is above the world average. Within Sub-Saharan Africa, it ranks #12 of 48.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.