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Economy of Cape Verde vs DR Congo compared: GDP & Debt

Updated on by Georank team

Cape Verde has a GDP of $2.77B compared to $70.7B for the DR Congo, ranking 170/197 and 87/197 by economy size, respectively.

Cape Verde has $3.15B in government debt (109.6% of GDP), compared to $13.7B (16.3% of GDP) in the DR Congo.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Cape Verde
GDP, current $

GDP, constant 2015 $
DR Congo
GDP, current $

GDP, constant 2015 $
Year GDP
Cape Verde DR Congo
Current $ Constant $ Current $ Constant $
1960 - - $3,359,404,118 $19,168,015,352
1961 - - $3,086,746,857 $17,088,021,918
1962 - - $3,779,841,429 $20,710,801,757
1963 - - $6,213,185,743 $21,790,660,917
1964 - - $2,881,545,273 $21,258,920,074
1965 - - $4,043,901,818 $21,470,945,657
1966 - - $4,532,660,182 $22,925,706,424
1967 - - $3,384,063,372 $22,699,718,873
1968 - - $3,909,780,539 $23,683,229,244
1969 - - $5,032,434,970 $25,892,599,200
1970 - - $4,877,684,910 $25,829,147,683
1971 - - $5,594,770,359 $27,380,192,668
1972 - - $6,173,712,814 $27,421,573,863
1973 - - $7,870,239,461 $29,652,942,981
1974 - - $9,596,960,180 $30,581,253,827
1975 - - $10,237,343,174 $29,057,808,604
1976 - - $9,648,583,225 $27,515,128,941
1977 - - $12,344,424,764 $27,724,462,281
1978 - - $15,372,608,002 $26,242,508,948
1979 - - $15,068,422,236 $26,355,374,899
1980 $142,246,815 $188,081,995 $14,394,927,495 $26,933,852,428
1981 $139,468,209 $203,977,862 $12,537,821,038 $27,566,939,114
1982 $140,630,679 $209,740,298 $13,651,667,371 $27,440,771,406
1983 $138,476,176 $229,709,147 $11,006,712,650 $27,828,153,788
1984 $132,019,039 $238,399,665 $7,857,729,193 $29,370,132,388
1985 $137,728,205 $259,002,371 $7,195,042,616 $29,507,540,832
1986 $190,651,168 $266,439,508 $8,095,367,168 $30,899,473,397
1987 $235,253,065 $277,920,557 $7,661,625,473 $31,726,232,824
1988 $264,308,140 $294,587,049 $8,861,299,977 $31,875,467,102
1989 $267,448,571 $311,372,470 $9,021,862,775 $31,471,907,548
1990 $306,890,963 $313,527,703 $9,349,764,580 $29,404,734,879
1991 $319,827,059 $317,930,093 $9,625,436,873 $26,928,547,012
1992 $357,160,985 $352,704,164 $8,227,343,907 $24,101,047,269
1993 $490,417,390 $383,418,741 $10,706,259,937 $20,854,865,032
1994 $406,580,652 $456,968,584 $5,820,382,248 $20,041,525,963
1995 $487,148,994 $521,911,297 $5,643,439,376 $20,181,816,410
1996 $501,979,270 $581,130,092 $5,771,456,952 $19,975,321,586
1997 $490,608,658 $645,742,612 $6,090,838,693 $18,853,298,464
1998 $521,910,561 $726,572,060 $6,217,805,821 $18,547,091,854
1999 $592,416,703 $808,112,688 $4,711,259,427 $17,755,104,912
2000 $539,227,278 $923,550,525 $19,088,046,306 $16,528,062,517
2001 $563,090,490 $944,160,983 $7,438,189,100 $16,180,944,606
2002 $620,507,387 $993,737,848 $8,728,038,525 $16,657,920,858
2003 $813,260,469 $1,035,238,918 $8,937,567,060 $17,587,070,084
2004 $924,940,012 $1,140,802,982 $10,297,483,481 $18,772,152,630
2005 $972,241,677 $1,219,660,509 $11,964,484,466 $19,923,852,569
2006 $1,107,571,458 $1,317,035,160 $14,451,901,696 $20,983,996,693
2007 $1,649,621,739 $1,516,838,455 $16,737,071,816 $22,297,485,300
2008 $1,959,620,648 $1,623,608,885 $19,788,515,590 $23,685,703,159
2009 $1,852,334,575 $1,599,196,517 $18,648,372,553 $24,361,945,146
2010 $1,824,751,468 $1,628,564,468 $21,565,721,045 $26,093,586,500
2011 $2,046,817,987 $1,692,481,035 $25,839,749,199 $27,887,434,695
2012 $1,913,081,210 $1,710,821,580 $29,306,235,285 $29,863,789,011
2013 $2,028,910,915 $1,721,636,311 $32,679,745,048 $32,396,822,645
2014 $2,041,930,125 $1,733,630,380 $35,909,040,926 $35,464,895,084
2015 $1,749,857,620 $1,749,857,620 $37,917,706,497 $37,917,706,497
2016 $1,849,789,986 $1,824,764,035 $37,134,801,555 $38,827,503,534
2017 $1,996,741,540 $1,907,814,791 $38,019,264,795 $40,274,584,268
2018 $2,205,099,507 $1,978,536,809 $47,568,210,010 $42,619,016,591
2019 $2,252,177,124 $2,116,002,111 $51,775,829,877 $44,487,659,679
2020 $1,821,565,614 $1,675,762,034 $48,716,961,860 $45,259,708,654
2021 $2,051,842,619 $1,793,627,261 $55,328,482,784 $48,065,880,295
2022 $2,247,003,344 $2,077,803,747 $65,801,547,756 $52,355,494,716
2023 $2,539,203,429 $2,189,821,145 $67,006,756,666 $56,862,826,231
2024 $2,767,599,017 $2,349,062,343 $70,749,355,652 $60,658,948,871

Economic indicators

Cape Verde DR Congo
Gross domestic product
$2.77B
2024
$70.7B
2024
GDP rank
170/197
2024
87/197
2024
GDP growth
8.99%
2023-2024
5.59%
2023-2024
GDP per capita
$5,273
2024
$647
2024
GDP per capita rank
117/197
2024
189/197
2024
GDP per capita, PPP
$11,262
2024
$1,710
2024
Government debt
$3.15B
2024
$13.7B
2024
Debt-to-GDP ratio
109.6%
2025
16.3%
2025
Government debt per person
$5,998
2024
$125
2024
Government debt per person rank
75/185
2024
183/185
2024
Average annual personal income after taxes
$2,527
2025
$1,758
2025
Income share by richest 10%
32.3%
2015
35.7%
2020
Income share by poorest 10%
2.2%
2015
2.1%
2020
Government expenditure, % of GDP
29.5%
2025
17.4%
2025
Consumer prices inflation
1.5%
2024-2025
2.89%
2015-2016
Central bank interest rate
1.5%
2024
25%
2023
Unemployment rate
11.3%
2019
1.47%
2020
Population
529186
115740092

GDP per capita in Cape Verde vs DR Congo

Cape Verde's GDP per capita is $5,273, ranking 117/197, compared to $647 in the DR Congo, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Cape Verde ranks 128th at $11,262, while the DR Congo ranks 191st at $1,710.

Cape Verde
GDP per capita

GDP per capita, PPP
DR Congo
GDP per capita

GDP per capita, PPP
Year Current $
Cape Verde DR Congo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $220.1 -
1961 - - $197.1 -
1962 - - $235.1 -
1963 - - $376 -
1964 - - $169.9 -
1965 - - $232 -
1966 - - $252.8 -
1967 - - $183.3 -
1968 - - $205.6 -
1969 - - $257.1 -
1970 - - $242.2 -
1971 - - $270.3 -
1972 - - $290.5 -
1973 - - $361 -
1974 - - $428 -
1975 - - $445 -
1976 - - $408 -
1977 - - $509 -
1978 - - $615 -
1979 - - $582 -
1980 $440 - $539 -
1981 $425 - $456 -
1982 $423 - $482 -
1983 $410 - $376 -
1984 $385 - $259.8 -
1985 $396 - $230.1 -
1986 $541 - $250.9 -
1987 $658 - $230.1 -
1988 $729 - $257.7 -
1989 $727 - $254.2 -
1990 $817 $1,044 $254.9 $832
1991 $832 $1,069 $253.8 $762
1992 $908 $1,186 $209.7 $674
1993 $1,220 $1,291 $263.3 $576
1994 $991 $1,540 $136.5 $540
1995 $1,165 $1,762 $127 $532
1996 $1,180 $1,963 $127.4 $526
1997 $1,134 $2,182 $132.3 $497
1998 $1,187 $2,443 $131.5 $481
1999 $1,327 $2,714 $96.3 $452
2000 $1,190 $3,124 $378 $417
2001 $1,223 $3,217 $142.7 $404
2002 $1,329 $3,388 $162.4 $410
2003 $1,718 $3,551 $161.5 $428
2004 $1,929 $3,969 $180.7 $456
2005 $2,004 $4,324 $203.6 $484
2006 $2,257 $4,758 $238.4 $509
2007 $3,325 $5,567 $267.9 $539
2008 $3,909 $6,011 $307 $567
2009 $3,660 $5,901 $280.8 $569
2010 $3,579 $6,039 $315 $597
2011 $4,002 $6,384 $365 $630
2012 $3,737 $6,318 $400 $632
2013 $3,961 $6,367 $431 $712
2014 $3,986 $6,417 $458 $805
2015 $3,415 $6,773 $468 $859
2016 $3,609 $7,351 $442 $914
2017 $3,893 $7,936 $437 $1,003
2018 $4,295 $7,916 $528 $1,069
2019 $4,381 $8,646 $557 $1,167
2020 $3,539 $6,853 $508 $1,136
2021 $3,971 $7,685 $558 $1,314
2022 $4,323 $9,481 $643 $1,484
2023 $4,861 $10,300 $633 $1,616
2024 $5,273 $11,262 $647 $1,710

Spending and national debt comparison

In 2024, Cape Verde's government spending was $733M, accounting for 29.5% of its GDP, while the DR Congo's spent $12.6B, or 17.4% of GDP.

Debt-to-GDP ratio is 109.6% in Cape Verde and 16.3% in the DR Congo, ranking 16/185 and 175/185, respectively.

Cape Verde
Government spending

Government debt
DR Congo
Government spending

Government debt
Year % of GDP
Cape Verde DR Congo
Government spending Government debt Government spending Government debt
1994 48.1% 73.4% - -
1995 44.5% 74.3% - -
1996 38.9% 85.7% 2.17% -
1997 34.8% 79.3% 2.51% -
1998 29.8% 72.9% 2.78% -
1999 35% 66.4% 2.15% -
2000 36.7% 71.9% 2.49% 135%
2001 24.2% 62.2% 4.26% 185.4%
2002 28.5% 64.7% 4.17% 136%
2003 23.4% 65.6% 9.19% 114.5%
2004 26.3% 67.8% 8.11% 164.1%
2005 26.2% 66.7% 8.28% 112%
2006 28.4% 66.2% 8.45% 107.5%
2007 27.1% 59.6% 8.78% 85.1%
2008 27.6% 57.5% 10.1% 80.3%
2009 30.6% 58.8% 12.4% 91.6%
2010 35.7% 73.5% 15.4% 31.8%
2011 30.3% 71.6% 13.7% 29.3%
2012 31.6% 82.9% 13.4% 25.1%
2013 30.9% 93.5% 11.9% 23.8%
2014 27.8% 105.6% 12.9% 22.8%
2015 28.7% 115.6% 15.2% 25.5%
2016 26.6% 115.4% 13.9% 33%
2017 28% 112.8% 10.4% 23.2%
2018 27.5% 112% 11.7% 19.3%
2019 27.5% 109.4% 13.4% 19.4%
2020 34.5% 143.8% 12.6% 24.9%
2021 30.8% 149.1% 14.4% 24.7%
2022 25.9% 124% 18.2% 22.6%
2023 24.8% 114% 17.2% 25.1%
2024 26.5% 113.7% 17.8% 19.3%
2025 29.5% 109.6% 17.4% 16.3%

Government deficit by year

In 2024, Cape Verde's government deficit, the difference between spending and revenue, was -$65.4M, equivalent to -2.36% of GDP. This compares to the DR Congo's deficit of -$1.43B, or -2.02% of GDP.

Over the past 29 years, Cape Verde recorded a fiscal deficit in 29 of those years, while the DR Congo ran a deficit in 19 years. On average, Cape Verde posted an annual deficit equal to -5.65% of GDP, compared to deficit of -0.57% of GDP for the DR Congo.

Deficit/surplus
Cape Verde

DR Congo
Year Deficit/surplus, % of GDP
Cape Verde DR Congo
1994 -12.8% -
1995 -11.1% -
1996 -11.2% -0.56%
1997 -10.2% -1.06%
1998 -3.16% -1.55%
1999 -10.9% -1.35%
2000 -15.5% -1.85%
2001 -5.03% -1.27%
2002 -6.14% 0.72%
2003 -3.63% -4.24%
2004 -2.98% -1.09%
2005 -4.69% 0.61%
2006 -4.32% 0.99%
2007 -0.86% 0.41%
2008 -1.42% -0.41%
2009 -5.32% 0.92%
2010 -9.6% -0.97%
2011 -6.98% -0.96%
2012 -9.36% 1.71%
2013 -8.49% 1.76%
2014 -6.93% 4.36%
2015 -4.16% 0.66%
2016 -2.73% -0.48%
2017 -2.63% 0.24%
2018 -2.36% -1.17%
2019 -1.62% -2.63%
2020 -9.29% -3.19%
2021 -7.51% -1.4%
2022 -4.15% -0.91%
2023 -0.27% -1.73%
2024 -2.36% -2.02%
2025 -1.77% -2.58%

Inflation comparison by year

Over the past 21 years, Cape Verde has recorded an average annual inflation rate of 2.49%, compared with 97% in the DR Congo. In 2016, inflation was 1.5% in Cape Verde and 2.89% in the DR Congo.

Inflation
Cape Verde

DR Congo
Year Inflation
Cape Verde DR Congo Cape Verde DR Congo
1996 6% 492%
1997 8.6% 198.5%
1998 4.4% 29.1%
1999 4.3% 284.9%
2000 -2.4% 514%
2001 3.7% 360%
2002 1.9% 31.5%
2003 1.2% 12.9%
2004 -1.9% 3.99%
2005 0.4% 21.3%
2006 4.8% 13.1%
2007 4.4% 16.9%
2008 6.8% 17.3%
2009 1% 2.8%
2010 2.1% 7.1%
2011 4.5% 15.3%
2012 2.5% 9.72%
2013 1.5% 0.81%
2014 -0.2% 1.24%
2015 0.1% 0.74%
2016 -1.4% 2.89%
2017 0.8% -
2018 1.3% -
2019 1.1% -
2020 0.6% -
2021 1.9% -
2022 7.9% -
2023 3.7% -
2024 1% -
2025 1.5% -

Balance of trade

Cape Verde DR Congo
Current account balance
$107M
2024
-$2.72B
2024
Current account balance ranking
66/189
2024
150/189
2024
Current account balance, % of GDP
+3.85%
2024
-3.84%
2024
Goods imports
$1.17B
2024
$31B
2024
Goods exports
$328M
2024
$34.9B
2024
Service imports
$298M
2024
$6.14B
2024
Service exports
$830M
2024
$322M
2024
Imports of goods and services, % of GDP
53.2%
2024
50.9%
2024
Exports of goods and services, % of GDP
41.9%
2024
46.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Cape Verde DR Congo
Economic freedom 68.7 47.3
Economic freedom ranking 44/197 177/197
Property rights 64.6 15.6
Government integrity 64.4 11.7
Judicial effectiveness 75.1 12
Tax burden 84.4 74.2
Government spending 77.8 92.4
Fiscal health 54.7 97
Business freedom 80.2 32.8
Labor freedom 59.6 54.4
Monetary freedom 76.5 59.4
Trade freedom 67 68.2
Investment freedom 60 30
Financial freedom 60 20

Economic freedom by year comparison

The Economic Freedom Index for Cape Verde is 68.7, ranking 44/197, compared to 47.3 for the DR Congo, ranking 177/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Cape Verde
DR Congo
Year Economic freedom index
Cape Verde DR Congo
1995 - 41.4
1996 49.7 39.5
1997 47.7 39.5
1998 48 40.6
1999 50.7 34
2000 51.9 34.8
2001 56.3 -
2002 57.6 -
2003 56.1 -
2004 58.1 -
2005 57.8 -
2006 58.6 -
2007 56.5 -
2008 57.9 -
2009 61.3 42.8
2010 61.8 41.4
2011 64.6 40.7
2012 63.5 41.1
2013 63.7 39.6
2014 66.1 40.6
2015 66.4 45
2016 66.5 46.4
2017 56.9 56.4
2018 60 52.1
2019 63.1 50.3
2020 63.6 49.5
2021 63.8 49
2022 66.7 47.6
2023 65.8 47.9
2024 62.9 47.6
2025 68.7 47.3

More economic indicators

Cape Verde DR Congo
Services, % of GDP
69.4%
2024
33%
2024
Industry, % of GDP
10.5%
2024
46.6%
2024
Agriculture, forestry, and fishing, % of GDP
4.7%
2024
17.1%
2024
GNI, Atlas method
$2.63B
2024
$70.4B
2024
GNI per capita, PPP
$11,050
2024
$1,650
2024
Total reserves including gold
$783M
2024
$5.1B
2023
Total reserves ranking
144/177
2024
99/177
2023
Net foreign direct investment
-$89.2M
2024
-$2.92B
2024
Net inflows of foreign direct investment
$110M
2024
$2.92B
2024
Net outflows of foreign direct investment
$20.8M
2024
$198M
2024
Servicing debt to the IMF, % of GNI
6.47%
2023
0.76%
2023
Poverty at national poverty lines
24.8%
2023
56.2%
2020
Gross capital formation, % of GDP
16%
2024
33.4%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.