Merchandise exports to high-income economies in Cape Verde
Cape Verde: Merchandise exports to high-income economies was 83.4% in 2023. ▲ Rising
Merchandise exports to high-income economies in Cape Verde, 1970–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
In 2023, merchandise exports to high-income economies in Cape Verde stood at 83.4%.
Compared with earlier readings it is up 1.6% on the previous year and down 11.0% over ten years.
Over the whole period, merchandise exports to high-income economies in Cape Verde peaked at 100.0% in 1974 and was at its lowest, 27.1%, in 1985.
Cape Verde ranks 48th of 206 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Merchandise exports to high-income economies in Cape Verde, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1970 | 92.9% | — |
| 1971 | 85.7% | -7.7% |
| 1972 | 88.2% | +2.9% |
| 1973 | 94.4% | +7.0% |
| 1974 | 100.0% | +5.9% |
| 1975 | 100.0% | +0.0% |
| 1976 | 73.3% | -26.7% |
| 1977 | 58.8% | -19.8% |
| 1978 | 70.0% | +19.0% |
| 1979 | 65.2% | -6.8% |
| 1980 | 81.6% | +25.1% |
| 1981 | 82.8% | +1.4% |
| 1982 | 75.7% | -8.6% |
| 1983 | 60.0% | -20.7% |
| 1984 | 48.0% | -20.0% |
| 1985 | 27.1% | -43.6% |
| 1986 | 61.1% | +125.8% |
| 1987 | 70.6% | +15.5% |
| 1988 | 49.8% | -29.5% |
| 1989 | 42.4% | -14.9% |
| 1990 | 96.3% | +127.3% |
| 1991 | 88.6% | -7.9% |
| 1992 | 89.5% | +1.0% |
| 1993 | 92.8% | +3.7% |
| 1994 | 80.9% | -12.9% |
| 1995 | 91.3% | +12.9% |
| 1996 | 91.1% | -0.2% |
| 1997 | 99.4% | +9.2% |
| 1998 | 100.0% | +0.6% |
| 1999 | 99.9% | -0.1% |
| 2000 | 77.4% | -22.6% |
| 2001 | 98.3% | +27.1% |
| 2002 | 94.1% | -4.3% |
| 2003 | 98.7% | +4.9% |
| 2004 | 99.0% | +0.4% |
| 2005 | 86.4% | -12.8% |
| 2006 | 78.8% | -8.7% |
| 2007 | 87.9% | +11.5% |
| 2008 | 83.6% | -4.9% |
| 2009 | 99.3% | +18.9% |
| 2010 | 97.2% | -2.1% |
| 2011 | 94.9% | -2.3% |
| 2012 | 89.0% | -6.3% |
| 2013 | 93.7% | +5.3% |
| 2014 | 85.5% | -8.8% |
| 2015 | 88.5% | +3.6% |
| 2016 | 95.1% | +7.5% |
| 2017 | 98.7% | +3.7% |
| 2018 | 99.1% | +0.4% |
| 2019 | 89.4% | -9.8% |
| 2020 | 98.5% | +10.2% |
| 2021 | 86.6% | -12.1% |
| 2022 | 82.1% | -5.2% |
| 2023 | 83.4% | +1.6% |
Cape Verde compared with similar countries
- Cape Verde's 83.4% is above the median for upper middle income countries, which is 65.7%, 1.3× the median. (59 countries reporting)
- Cape Verde's 83.4% is above the median for Sub-Saharan Africa, which is 49.5%, 1.7× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to high-income economies in Cape Verde changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +127.3% | 42.4% | 96.3% |
| 1986 | +125.8% | 27.1% | 61.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 82.9% | 58.8% | 100.0% | 10 |
| 1980s | 59.9% | 27.1% | 82.8% | 10 |
| 1990s | 93.0% | 80.9% | 100.0% | 10 |
| 2000s | 90.3% | 77.4% | 99.3% | 10 |
| 2010s | 93.1% | 85.5% | 99.1% | 10 |
| 2020s | 87.7% | 82.1% | 98.5% | 4 |
Countries ranked near Cape Verde
More private sector data for Cape Verde
- Merchandise trade 70.0% (2025)
- Food imports 32.6% (2024)
- Manufactures imports 50.8% (2024)
- Merchandise imports 2.04 billion current US$ (2025)
- Food exports 86.4% (2024)
- Manufactures exports 13.6% (2024)
- Merchandise exports 96.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 182.05 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0314 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 23.08 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports to high-income economies in Cape Verde?
- Merchandise exports to high-income economies in Cape Verde was 83.4% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Cape Verde?
- The highest recorded value was 100.0% in 1974.
- What is the lowest merchandise exports to high-income economies recorded in Cape Verde?
- The lowest recorded value was 27.1% in 1985.
- How does Cape Verde rank for merchandise exports to high-income economies?
- Cape Verde ranks 48th out of 206 countries with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Cape Verde?
- Over the last ten years it is down 11.0%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to high-income economies (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.