Merchandise exports to low- and middle-income economies within region in Cape Verde
Cape Verde: Merchandise exports to low- and middle-income economies within region was 9.2% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies within region in Cape Verde, 1970–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports to low- and middle-income economies within region in Cape Verde is 9.2%, measured in 2023.
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 within region in Cape Verde peaked at 41.2% in 1977 and was at its lowest, 0.0%, in 1998.
That places Cape Verde 122nd out of 203 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies within region 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 below the median for upper middle income countries, which is 15.5%, 59% of the median. (59 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 within region 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 within region in Cape Verde?
- Merchandise exports to low- and middle-income economies within region 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 within region 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 within region 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 within region?
- Cape Verde ranks 122nd out of 203 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies within region 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 within region (% 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 within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.