Saturday, July 13, 2024

Cabo Verde Economy 7-13-24

Nominal GDP $2.598B, Per capita GDP $4,502.78, Population 598,682, Debt to GDP 113.1%. Inflation 12.94%, Unemployment 12.1%, Labor Force Participation 62.6%, Land Area 1,557 sq miles, Arable Land 10%, Urban 39% Rural 61%. Exports 92.2M, Imports $399M, Trade Deficit $306.8M

The top exports of Cape Verde are Processed Fish ($50.3M), Molluscs ($5.81M), Fish Fillets ($4.21M), Petroleum Gas ($3.41M), and Scrap Iron ($2.94M), exporting mostly to Spain ($51.3M), Portugal ($10.9M), Italy ($8.39M), United States ($5.59M), and India ($4.84M).

The top imports of Cape Verde are Refined Petroleum ($186M), Non-fillet Frozen Fish ($24.6M), Cars ($23.8M), Rice ($23.2M), and Cement ($21M), importing mostly from Portugal ($407M), Spain ($118M), China ($78.1M), Netherlands ($68.2M), and Togo ($50M).

https://oec.world/en/profile/country/cpv

Norb Leahy, Dunwoody GA Tea Party Leader

 

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