Cabo Verde: Trade (% of GDP)
In , Cabo Verde's Trade (% of GDP) was 96.51.
That's up 1.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Cabo Verde ranks #61 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #8 of 39.
Source: World Bank Open Data (NE.TRD.GNFS.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
- 117.82
- Trough
- 77.46
- 1-year change
- +1.5%
- 5-year change
- -6.9%
- -1.4% / yr
- 10-year change
- +5.7%
- +0.6% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 96.5054 | |
| 95.0325 | |
| 96.9941 | |
| 77.4551 | |
| 78.3935 | |
| 103.6027 | |
| 105.8675 | |
| 100.0521 | |
| 95.3781 | |
| 94.0085 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Cabo Verde's Trade (% of GDP) in 2024?
- In 2024, Cabo Verde's Trade (% of GDP) was 96.51, according to World Bank Open Data.
- Is Cabo Verde's Trade (% of GDP) rising or falling?
- Cabo Verde's Trade (% of GDP) rose 1.5% from 2023 to 2024.
- How does Cabo Verde rank globally on Trade (% of GDP)?
- In 2024, Cabo Verde ranked #61 out of 160 countries reporting Trade (% of GDP).
- How does Cabo Verde's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Cabo Verde is above the world average. Within Sub-Saharan Africa, it ranks #8 of 39.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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 (NE.TRD.GNFS.ZS), CC BY 4.0.