Cape Verde vs Costa Rica: Economic Indicators Comparison

Costa Rica with a GDP of $60.1B ranked the 77th largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Costa Rica and Cape Verde ranked 70th vs 94th and 65th vs 125th, respectively.

Gross Domestic Product & Income

StatCape VerdeCosta Rica
GDP$2B$60.1B
GDP growth, 1 year4.7%2.7%
GDP growth, 5-years average3%3.5%
Population546k4.9M
GDP per capita$3.6k$12k
GDP per capita growth3.87%1.62%
Purchasing Power Parity conversion factor45.56392.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.68
GDP per capita, PPP adjusted$7.3k$18k
GNI, Atlas method$1.9B$57.6B
GNI per capita$3.4k$12k
GNI, PPP adjusted$4B$83.5B
GNI per capita, PPP adjusted$7.3k$17k

Financial system and Human development

StatCape VerdeCosta Rica
Income Tax Rate50%25%
Corporate Tax Rate30%30%
Inflation, consumer prices2.2%2.3%
Inflation, GDP deflator1.5%2.4%
Unemployment12.3%8.1%
Economic Freedom Index63.665.8
Personal Freedom Index8.338.28
Human Freedom Index7.47.81
Property Rights Index47.566.7
Judical Effectiveness Index4854.4
Business Freedom Index58.566.5
Fiscal Health Index66.239.7
Labor Freedom Index55.655
Investment Freedom Index8070
Financial Freedom Index6050
Trade Freedom Index68.281.4
Monetary Freedom Index83.181.2
Government Spending Index71.788.4
Tax Burden Index77.778.9
Government Integrity Index46.157.2
Corruption Perceptions Index5756
Life expectancy at birth, years72.679.9
Suicide mortality rate, per 100,000 people11.37.9
Mortality caused by road traffic injury, per 100,000 people2516.7
Intentional homicides, per 100,000 people11.512.3
International tourism, number of arrivals710k3M

Government debt & reserves

StatCape VerdeCosta Rica
Central government debt, % of GDP127.7%53.5%
External debt stocks, % of GNI89.3%49%
External debt stocks$1.7B$27.8B
Short-term debt, % of total reserves0.2%44.9%
Total debt service, % of exports and primary income5.6%18.3%
Adjusted net savings including particulate emission damage, % of GNI11.7%15.9%
Gross savings, % of GDP34.7%14.7%
Gross capital formation, % of GDP40.4%19%
Total reserves including gold$606.4M$7.5B
Foreign direct investment net inflows$108M$2.8B

Exports, imports and economic structure

StatCape VerdeCosta Rica
Exports of goods and services, % of GDP48.8%33.7%
Imports of goods and services, % of GDP68.2%33.2%
Current account balance (balance of payments)-$94.5M-$1.9B
Revenue excluding grants, % of GDP28.8%25.2%
Grants excluding technical cooperation, BoP$42.5M$26.1M
Personal remittances received$233.5M$533.5M
Industry including construction value added, % of GDP19.2%19.5%
Agriculture, forestry and fishing value added, % of GDP5.3%4.6%
Charges for the use of intellectual property, payments BoP$11.3M$565.2M
Charges for the use of intellectual property, receipts BoP$47k$5.9M
Expense, % of GDP28.4%30%
Government Expenditure, % of GDP30.7%19.7%

Compare with countries close by GDP per capita

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

Costa Rica vs

CountryGDP
per capita
Population
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M