The Bahamas vs Cape Verde: Economic Indicators Comparison

The Bahamas with a GDP of $12.4B ranked the 137th largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, the Bahamas and Cape Verde ranked 160th vs 94th and 31st vs 125th, respectively.

Gross Domestic Product & Income

StatBahamasCape Verde
GDP$12.4B$2B
GDP growth, 1 year2.3%4.7%
GDP growth, 5-years average0.6%3%
Population395k546k
GDP per capita$32k$3.6k
GDP per capita growth0.54%3.87%
Purchasing Power Parity conversion factor145.56
Price level ratio of PPP conversion factor GDP to market exchange rate10.49
GDP per capita, PPP adjusted$33k$7.3k
GNI, Atlas method$11.8B$1.9B
GNI per capita$31k$3.4k
GNI, PPP adjusted$11.7B$4B
GNI per capita, PPP adjusted$30k$7.3k

Financial system and Human development

StatBahamasCape Verde
Income Tax Rate0%50%
Corporate Tax Rate0%30%
Inflation, consumer prices2.2%2.2%
Inflation, GDP deflator0.7%1.5%
Unemployment11.9%12.3%
Economic Freedom Index64.563.6
Personal Freedom Index8.328.33
Human Freedom Index7.977.4
Property Rights Index54.947.5
Judical Effectiveness Index46.448
Business Freedom Index6958.5
Fiscal Health Index69.266.2
Labor Freedom Index7055.6
Investment Freedom Index5080
Financial Freedom Index6060
Trade Freedom Index47.868.2
Monetary Freedom Index76.383.1
Government Spending Index87.471.7
Tax Burden Index96.877.7
Government Integrity Index4646.1
Corruption Perceptions Index6557
Life expectancy at birth, years73.672.6
Suicide mortality rate, per 100,000 people1.711.3
Mortality caused by road traffic injury, per 100,000 people13.825
Intentional homicides, per 100,000 people30.911.5
International tourism, number of arrivals1.6M710k

Government debt & reserves

StatBahamasCape Verde
Central government debt, % of GDP61%127.7%
External debt stocks, % of GNIN/A89.3%
External debt stocksN/A$1.7B
Short-term debt, % of total reservesN/A0.2%
Total debt service, % of exports and primary incomeN/A5.6%
Adjusted net savings including particulate emission damage, % of GNI7.1%11.7%
Gross savings, % of GDP12.7%34.7%
Gross capital formation, % of GDP24.5%40.4%
Total reserves including gold$1.4B$606.4M
Foreign direct investment net inflows$491.4M$108M

Exports, imports and economic structure

StatBahamasCape Verde
Exports of goods and services, % of GDP36.1%48.8%
Imports of goods and services, % of GDP41.3%68.2%
Current account balance (balance of payments)-$1.5B-$94.5M
Revenue excluding grants, % of GDP16.4%28.8%
Grants excluding technical cooperation, BoP$1.7M$42.5M
Personal remittances receivedN/A$233.5M
Industry including construction value added, % of GDP13%19.2%
Agriculture, forestry and fishing value added, % of GDP0.9%5.3%
Charges for the use of intellectual property, payments BoP$10.3M$11.3M
Charges for the use of intellectual property, receipts BoPN/A$47k
Expense, % of GDP17.9%28.4%
Government Expenditure, % of GDP20.5%30.7%

Compare with countries close by GDP per capita

Bahamas vs

CountryGDP
per capita
Population
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k

Cape Verde vs

CountryGDP
per capita
Population
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M