Cape Verde vs Cuba: Economic Indicators Comparison

Cuba with a GDP of $100B ranked the 64th largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Cuba and Cape Verde ranked 130th vs 94th and 82nd vs 125th, respectively.

Gross Domestic Product & Income

Stat	Cape Verde	Cuba
GDP	$2B	$100B
GDP growth, 1 year	4.7%	2.3%
GDP growth, 5-years average	3%	2%
Population	546k	11.5M
GDP per capita	$3.6k	$8.8k
GDP per capita growth	3.87%	2.26%
Purchasing Power Parity conversion factor	45.56	0.32
Price level ratio of PPP conversion factor GDP to market exchange rate	0.49	N/A
GDP per capita, PPP adjusted	$7.3k	$14k
GNI, Atlas method	$1.9B	$84.8B
GNI per capita	$3.4k	$7.5k
GNI, PPP adjusted	$4B	N/A
GNI per capita, PPP adjusted	$7.3k	N/A

Financial system and Human development

Stat	Cape Verde	Cuba
Income Tax Rate	50%	50%
Corporate Tax Rate	30%	30%
Inflation, consumer prices	2.2%	6.9%
Inflation, GDP deflator	1.5%	1%
Unemployment	12.3%	2.3%
Economic Freedom Index	63.6	26.9
Personal Freedom Index	8.33	5.4
Human Freedom Index	7.4	5.2
Property Rights Index	47.5	20.1
Judical Effectiveness Index	48	10
Business Freedom Index	58.5	20
Fiscal Health Index	66.2	14.8
Labor Freedom Index	55.6	20
Investment Freedom Index	80	10
Financial Freedom Index	60	10
Trade Freedom Index	68.2	65.6
Monetary Freedom Index	83.1	64.1
Government Spending Index	71.7	0
Tax Burden Index	77.7	49.5
Government Integrity Index	46.1	38.7
Corruption Perceptions Index	57	47
Life expectancy at birth, years	72.6	78.7
Suicide mortality rate, per 100,000 people	11.3	13.9
Mortality caused by road traffic injury, per 100,000 people	25	8.5
Intentional homicides, per 100,000 people	11.5	5
International tourism, number of arrivals	710k	4.7M

Government debt & reserves

Stat	Cape Verde	Cuba
Central government debt, % of GDP	127.7%	51%
External debt stocks, % of GNI	89.3%	N/A
External debt stocks	$1.7B	N/A
Short-term debt, % of total reserves	0.2%	N/A
Total debt service, % of exports and primary income	5.6%	N/A
Adjusted net savings including particulate emission damage, % of GNI	11.7%	N/A
Gross savings, % of GDP	34.7%	N/A
Gross capital formation, % of GDP	40.4%	12%
Total reserves including gold	$606.4M	$144M
Foreign direct investment net inflows	$108M	N/A

Exports, imports and economic structure

Stat	Cape Verde	Cuba
Exports of goods and services, % of GDP	48.8%	14.5%
Imports of goods and services, % of GDP	68.2%	12.6%
Current account balance (balance of payments)	-$94.5M	N/A
Revenue excluding grants, % of GDP	28.8%	N/A
Grants excluding technical cooperation, BoP	$42.5M	$510.6M
Personal remittances received	$233.5M	N/A
Industry including construction value added, % of GDP	19.2%	25.1%
Agriculture, forestry and fishing value added, % of GDP	5.3%	3.8%
Charges for the use of intellectual property, payments BoP	$11.3M	N/A
Charges for the use of intellectual property, receipts BoP	$47k	N/A
Expense, % of GDP	28.4%	N/A
Government Expenditure, % of GDP	30.7%	64.8%