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Macroeconomic country profile

Cape Verde

Lower-middle-income Atlantic island economy where tourism, remittances, transport, public services, and fisheries matter most. Track visitor arrivals, air links, remittances, imported fuel and food prices, reserves, and euro-area demand

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Indicators/Countries/Cape Verde

On this page

  • How to read Cabo Verde
  • Source discipline

Cape Verde

Overview

Cabo Verde is a Atlantic island economy best read through tourism, remittances, transport, public services, and fisheries. External pressure usually enters through euro-area tourism demand, diaspora transfers, imported fuel prices, and air connectivity. The current macro file uses official national sources first and IMF or World Bank series for cross-country comparison.

How to read Cabo Verde

Start with tourism, remittances, transport, public services, and fisheries. Those sectors explain where income, jobs, tax receipts, and external financing pressure are most likely to show up first S1,S4.

Then separate domestic movement from external shocks. For Cabo Verde, the external file is euro-area tourism demand, diaspora transfers, imported fuel prices, and air connectivity; each item can move demand, prices, reserves, public finance, or bank balance sheets before the broad data turn S2,S4,S5.

Own currency: Cabo Verde escudo; the currency is managed under a long-running peg to the euro. The monetary setting matters because it tells the reader whether adjustment comes through interest rates, reserves, fiscal policy, credit controls, or imported-price pressure S2,S4.

Source discipline

The profile uses a strict source order. National releases control the country story; IMF and World Bank values are used to compare Cabo Verde with peers on the same definitions S1,S4,S5.

Use IMF values for cross-country comparison, then check the national source before quoting a latest release. That rule is especially important for small states, monetary unions, dollarized economies, and territories where regional data can look cleaner than the national release but answer a different question S1,S2,S4.

The fact file is dated because these numbers move. Treat any growth, inflation, unemployment, debt, or current-account statement as a release-sensitive claim, not a permanent description S1,S6,S7,S8,S9.

Current macro file

Real GDP
IMF DataMapper latest available values put real GDP growth at 4.8 percent in 2026, after 5.5 percent in 2025as of 2025-2026[S6]
Inflation
IMF DataMapper latest available values put average consumer-price inflation at 2.2 percent in 2026, after 2.3 percent in 2025as of 2025-2026[S7]
Labor
IMF DataMapper latest available values put unemployment at 8.5 percent in 2026, after 8.5 percent in 2025as of 2025-2026[S8]
Scale
IMF DataMapper places nominal GDP at about $3.4 billion in 2026as of 2026[S6]
People
IMF DataMapper population series puts resident population at about 0.52 million in 2026as of 2026[S6]
Money
Own currency: Cabo Verde escudo; the currency is managed under a long-running peg to the euro[S2]
Institutions
Parliamentary republic with a unicameral National Assembly[S3]

Do not collapse the profile into one number

Cabo Verde's GDP, prices, labor market, public finance, and external balance can point in different directions. The useful read asks which source moved, which sector felt it first, and whether the policy framework can absorb the pressure S1,S2,S4.

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