New businesses registered (number) in Cape Verde
Cape Verde: New businesses registered was 7,719 number in 2024. ◆ Volatile
New businesses registered in Cape Verde, 2008–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
Cape Verde recorded 7,719 number for new businesses registered in 2024.
The figure is up 22.4% on the previous year and up 610.8% over ten years.
Over the whole period, new businesses registered in Cape Verde peaked at 9,191 number in 2021 and was at its lowest, 469 number, in 2008.
That places Cape Verde 99th out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
New businesses registered in Cape Verde, year by year
| Year | number | Change |
|---|---|---|
| 2008 | 469 number | — |
| 2009 | 804 number | +71.4% |
| 2010 | 923 number | +14.8% |
| 2011 | 1,181 number | +28.0% |
| 2012 | 991 number | -16.1% |
| 2013 | 1,041 number | +5.0% |
| 2014 | 1,086 number | +4.3% |
| 2015 | 1,372 number | +26.3% |
| 2016 | 3,327 number | +142.5% |
| 2017 | 4,483 number | +34.7% |
| 2018 | 5,974 number | +33.3% |
| 2019 | 6,093 number | +2.0% |
| 2020 | 4,855 number | -20.3% |
| 2021 | 9,191 number | +89.3% |
| 2022 | 7,491 number | -18.5% |
| 2023 | 6,308 number | -15.8% |
| 2024 | 7,719 number | +22.4% |
Cape Verde compared with similar countries
- Cape Verde's 7,719 number is below the median for upper middle income countries, which is 8,806 number, 88% of the median. (52 countries reporting)
- Cape Verde's 7,719 number is above the median for Sub-Saharan Africa, which is 5,522 number, 1.4× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 636.5 number | 469 number | 804 number | 2 |
| 2010s | 2,647 number | 923 number | 6,093 number | 10 |
| 2020s | 7,113 number | 4,855 number | 9,191 number | 5 |
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 new businesses registered in Cape Verde?
- New businesses registered in Cape Verde was 7,719 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Cape Verde?
- The highest recorded value was 9,191 number in 2021.
- What is the lowest new businesses registered recorded in Cape Verde?
- The lowest recorded value was 469 number in 2008.
- How does Cape Verde rank for new businesses registered?
- Cape Verde ranks 99th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Cape Verde?
- Over the last ten years it is up 610.8%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New businesses registered (number). Statizoid updates them automatically from the source API.
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About this data
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.