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    Cabo Verde

    Continent
    Africa
    Capital
    Praia
    Population
    611,014
    Sub-Zones
    22
    General Information
    Basic details about Cabo Verde
    Population:
    611,014
    Area:
    4,033 sq km
    Currency:
    Cabo Verdean escudos
    Languages:
    Portuguese, Crioulo
    Economic Overview
    Key economic indicators for Cabo Verde
    GDP:
    $4.852 billion
    GDP per Capita:
    $9,300
    GDP Growth:
    5.48%
    Inflation:
    3.72%
    Unemployment:
    11.99%
    Public Debt:
    125.8% of GDP
    Credit Rating:
    B (2013)
    Political System
    Governance structure of Cabo Verde
    Government Type:
    parliamentary republic
    Head 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)
    Judiciary:
    Supreme Court of Justice (consists of the chief justice and at least 7 judges and organized into civil, criminal, and administrative sections)
    Administrative Divisions:
    22 municipalities (concelhos, singular - concelho); Boa Vista, Brava, Maio, Mosteiros, Paul, Porto Novo, Praia, Ribeira Brava, Ribeira Grande, Ribeira Grande de Santiago, Sal, Santa Catarina, Santa Catarina do Fogo, Santa Cruz, Sao Domingos, Sao Filipe, Sao Lourenco dos Orgaos, Sao Miguel, Sao Salvador do Mundo, Sao Vicente, Tarrafal, Tarrafal de Sao Nicolau

    Major Political Parties

    • Not specified
    International Relations
    Global position and alliances
    UN Member:
    Yes
    EU Member:
    No
    Diplomatic Presence:
    3415 Massachusetts Avenue NW, Washington, DC 20007

    Major Alliances and Organizations

    AU
    Economic Sectors & Trade
    Detailed economic breakdown

    Major Economic Sectors

    Agriculture
    4.6% (2023 est.)
    Industry
    10.6% (2023 est.)
    Services
    70% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

    Trade Volume

    Exports:
    $971.679 million
    Imports:
    $1.428 billion

    Major Trading Partners

    Spain 46
    Portugal 9
    Togo 7
    Italy 7
    India 6

    Economic Outlook

    Cabo Verde has a 5.48% GDP growth rate with 3.72% inflation. The economy is characterized by a strong agriculture sector.