| variable | 1980-1989 | 1990-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| real gdp growth | 5.28 | 6.81 | 7.63 | 0.17 | 0.6 | 7.03 | 17.44 | 4.04 | 5.99 | 4.97 |
| CPI % | 11.18 | 5.95 | 2.67 | 1.54 | 1.08 | 1.86 | 7.93 | 3.72 | 1.0 | 1.5 |
| Unemployment rate | 23.59 | 24.58 | 18.01 | 11.85 | 13.0 | 8.5 | 8.5 | 8.5 | 8.5 | 8.5 |
| Current account balance/GDP % | -4.58 | -7.69 | -8.15 | -12.37 | -7.22 | -12.12 | -3.45 | -2.12 | -0.26 | -2.22 |
| Debt/GDP % | - | 72.64 | 63.78 | 66.15 | 106.25 | 149.06 | 124.03 | 114.04 | 113.74 | 109.61 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
The Portuguese discovered and colonized the uninhabited islands of Cabo Verde in the 15th century; Cabo Verde subsequently became a trading center for African slaves and later an important coaling and resupply stop for whaling and transatlantic shipping. The fusing of European and various African cultural traditions is reflected in Cabo Verde’s Crioulo language, music, and pano textiles. After gaining independence in 1975, a one-party system was established and maintained until multi-party elections were held in 1990. Cabo Verde continues to sustain one of Africa's most stable democratic governments and relatively stable economies, maintaining a currency pegged first to the Portuguese escudo and then to the euro since 1998. Repeated droughts during the second half of the 20th century caused significant hardship and prompted heavy emigration. As a result, Cabo Verde's expatriate population -- concentrated in Boston, Massachusetts and Western Europe -- is greater than its domestic one. Most Cabo Verdeans have both African and Portuguese antecedents. Cabo Verde’s population descends from its first permanent inhabitants in the late 15th-century -- a preponderance of West African slaves, a small share of Portuguese colonists, and even fewer Italians and Spaniards. Among the nine inhabited islands, population distribution is varied. The islands in the east are very dry and are home to the country's growing tourism industry. The more western islands receive more precipitation and support larger populations, but agriculture and livestock grazing have damaged their soil fertility and vegetation. For centuries, the country’s overall population size has fluctuated significantly, as recurring periods of famine and epidemics have caused high death tolls and emigration.
Area: 4,033 km2
Climate: temperate; warm, dry summer; precipitation meager and erratic
Natural resources: salt, basalt rock, limestone, kaolin, fish, clay, gypsum
Groups: Creole (Mulatto) 71%, African 28%, European 1%
Languages: Portuguese (official), Crioulo (a Portuguese-based creole language with two main dialects)
Religions: Roman Catholic 72.5%, Protestant 4% (includes Adventist 1.9%, Nazarene 1.8%, Assembly of God 0.2%, God is Love 0.1%), Christian Rationalism 1.7%, Muslim 1.3%, Jehovah's Witness 1.2%, Church of Jesus Christ 1%, other Christian 1.3%, other 1.2%, none 15.6%, no response 0.4% (2021 est.)
Capital: Praia
Government type: parliamentary republic
Chief of state: President Jose Maria Pereira NEVES (since 9 November 2021)
Head of government: Prime Minister Jose Ulisses CORREIA e SILVA (since 22 April 2016)cabinet: Council of Ministers appointed by the president on the recommendation of the prime ministerelection/appointment process: president directly elected by absolute-majority popular vote in 2 rounds, if needed, for a 5-year term (eligible for a second term); prime minister nominated by the National Assembly and appointed by the presidentmost recent election date: 17 October 2021 election results: 2020: Jose Maria Pereira NEVES elected president; percent of vote - Jose Maria Pereira NEVES (PAICV) 51.7%, Carlos VEIGA (MPD) 42.4%, Casimiro DE PINA (independent) 1.8%, Fernando Rocha DELGADO (independent) 1.4%, Helio SANCHES (independent) 1.14%, Gilson ALVES (independent) 0.8%, Joaquim MONTEIRO (independent) 3.4%2016: Jorge Carlos FONSECA reelected president; percent of vote - Jorge Carlos FONSECA (MPD) 74.1%, Albertino GRACA (independent) 22.5%, other 3.4%expected date of next election: October 2026
Description: legislature name: National Assembly (Assembleia Nacional)legislative structure: unicameralnumber of seats: 72 (all directly elected)electoral system: proportional representationscope of elections: full renewalterm in office: 5 yearsmost recent election date: 4/18/2021parties elected and seats per party: Movement for Democracy (MpD) (38); African Party for the Independence of Cabo Verde (PAICV) (30); Union for an Independent Democratic Cape Verde (UCID) (4)percentage of women in chamber: 44.4%expected date of next election: April 2026
Information derived by "The World Factbook 2021. Washington, DC: Central Intelligence Agency, 2021. https://www.cia.gov/the-world-factbook/"