Merchandise exports to low- and middle-income economies in in Cape Verde
Cape Verde: Merchandise exports to low- and middle-income economies in was 9.2% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies in in Cape Verde, 1970–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
In 2023, merchandise exports to low- and middle-income economies in in Cape Verde stood at 9.2%.
That represents a change of down 42.3% on the previous year and up 2,499.6% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in in Cape Verde peaked at 41.2% in 1977 and was at its lowest, 0.0%, in 1998.
That places Cape Verde 43rd out of 204 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies in in Cape Verde, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1970 | 7.1% | — |
| 1971 | 14.3% | +100.0% |
| 1972 | 11.8% | -17.6% |
| 1973 | 5.6% | -52.8% |
| 1976 | 26.7% | +380.0% |
| 1977 | 41.2% | +54.4% |
| 1978 | 30.0% | -27.1% |
| 1979 | 34.8% | +15.9% |
| 1980 | 18.4% | -47.0% |
| 1981 | 17.2% | -6.4% |
| 1982 | 8.1% | -53.0% |
| 1983 | 3.3% | -58.9% |
| 1984 | 28.0% | +740.0% |
| 1985 | 33.3% | +19.0% |
| 1986 | 38.9% | +16.6% |
| 1987 | 28.8% | -25.9% |
| 1988 | 40.6% | +40.9% |
| 1989 | 2.8% | -93.2% |
| 1990 | 3.0% | +9.6% |
| 1991 | 10.7% | +253.7% |
| 1992 | 9.9% | -8.0% |
| 1993 | 5.9% | -39.9% |
| 1994 | 7.7% | +30.0% |
| 1995 | 3.6% | -53.9% |
| 1996 | 5.0% | +39.9% |
| 1997 | 0.4% | -91.2% |
| 1998 | 0.0% | -99.7% |
| 1999 | 0.1% | +4869.0% |
| 2000 | 22.5% | +32742.5% |
| 2001 | 1.7% | -92.5% |
| 2002 | 5.9% | +252.8% |
| 2003 | 1.2% | -79.8% |
| 2004 | 0.8% | -32.3% |
| 2005 | 0.5% | -41.7% |
| 2006 | 4.9% | +945.0% |
| 2007 | 0.6% | -87.8% |
| 2008 | 13.4% | +2115.9% |
| 2009 | 0.1% | -99.5% |
| 2010 | 0.4% | +492.4% |
| 2011 | 3.4% | +746.0% |
| 2012 | 1.3% | -62.2% |
| 2013 | 0.4% | -72.4% |
| 2014 | 0.4% | +18.2% |
| 2015 | 0.4% | -9.8% |
| 2016 | 0.3% | -25.0% |
| 2017 | 0.6% | +120.7% |
| 2018 | 0.0% | -95.5% |
| 2019 | 6.0% | +21482.5% |
| 2020 | 0.4% | -93.3% |
| 2021 | 7.5% | +1765.8% |
| 2022 | 16.0% | +113.9% |
| 2023 | 9.2% | -42.3% |
Cape Verde compared with similar countries
- Cape Verde's 9.2% is above the median for upper middle income countries, which is 0.6%, 14.6× the median. (58 countries reporting)
- Cape Verde's 9.2% is below the median for Sub-Saharan Africa, which is 16.5%, 56% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies in 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 |
|---|---|---|---|
| 2000 | +32742.5% | 0.1% | 22.5% |
| 2019 | +21482.5% | 0.0% | 6.0% |
| 1999 | +4869.0% | 0.0% | 0.1% |
| 2008 | +2115.9% | 0.6% | 13.4% |
| 2021 | +1765.8% | 0.4% | 7.5% |
| 2006 | +945.0% | 0.5% | 4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.4% | 5.6% | 41.2% | 8 |
| 1980s | 21.9% | 2.8% | 40.6% | 10 |
| 1990s | 4.6% | 0.0% | 10.7% | 10 |
| 2000s | 5.2% | 0.1% | 22.5% | 10 |
| 2010s | 1.3% | 0.0% | 6.0% | 10 |
| 2020s | 8.3% | 0.4% | 16.0% | 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 low- and middle-income economies in in Cape Verde?
- Merchandise exports to low- and middle-income economies in in Cape Verde was 9.2% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in recorded in Cape Verde?
- The highest recorded value was 41.2% in 1977.
- What is the lowest merchandise exports to low- and middle-income economies in recorded in Cape Verde?
- The lowest recorded value was 0.0% in 1998.
- How does Cape Verde rank for merchandise exports to low- and middle-income economies in?
- Cape Verde ranks 43rd out of 204 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies in rising or falling in Cape Verde?
- Over the last ten years it is up 2,499.6%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports to low- and middle-income economies in Sub-Saharan Africa are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Sub-Saharan Africa region according to World Bank classification of economies. Data are 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.