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Economy of Cape Verde vs Egypt compared: GDP & Debt

Updated on by Georank team

Cape Verde has a GDP of $2.73B compared to $389B for Egypt, ranking 172/197 and 41/197 by economy size, respectively.

Cape Verde has $3.03B in government debt (111.2% of GDP), compared to $354B (90.9% of GDP) in Egypt.

Cape Verde vs Egypt GDP by year

Cape Verde
Egypt
1x
Year GDP, current $
Cape Verde Egypt
2024 $2,725,414,151 $389,059,911,004
2023 $2,504,525,549 $395,926,075,163
2022 $2,247,003,344 $476,747,720,365
2021 $2,051,842,619 $424,671,765,456
2020 $1,821,565,614 $383,817,841,547
2019 $2,252,177,124 $318,678,815,490
2018 $2,205,099,507 $262,588,632,527
2017 $1,996,741,540 $248,362,771,739
2016 $1,849,789,986 $332,441,717,791
2015 $1,749,857,620 $329,366,576,819
2014 $2,041,930,125 $305,595,408,895
2013 $2,028,910,915 $288,434,108,527
2012 $1,913,081,210 $279,116,666,667
2011 $2,046,817,987 $235,989,672,978
2010 $1,824,751,468 $218,983,666,062
2009 $1,852,334,575 $189,147,005,445
2008 $1,959,620,648 $162,818,181,818
2007 $1,649,621,739 $130,437,828,371
2006 $1,107,571,458 $107,426,086,957
2005 $972,241,677 $89,660,339,660
2004 $924,940,012 $78,782,467,532
2003 $813,260,469 $80,288,461,538
2002 $620,507,387 $85,146,067,416
2001 $563,090,490 $96,684,636,119
2000 $539,227,278 $99,838,543,960
1999 $592,416,703 $90,710,704,807
1998 $521,910,561 $84,828,807,556
1997 $490,608,658 $78,436,578,171
1996 $501,979,270 $67,629,716,981
1995 $487,148,994 $60,159,245,060
1994 $406,580,652 $51,897,983,393
1993 $490,417,390 $46,578,631,453
1992 $357,160,985 $41,855,986,519
1991 $319,827,059 $37,387,836,491
1990 $306,890,963 $42,978,914,311
1989 $267,448,571 $39,756,299,050
1988 $264,308,140 $34,980,124,929
1987 $235,253,065 $40,455,616,654
1986 $190,651,168 $41,253,507,951
1985 $137,728,205 $39,053,502,251
1984 $132,019,039 $33,971,188,992
1983 $138,476,176 $30,966,239,814
1982 $140,630,679 $27,655,172,414
1981 $139,468,209 $22,136,081,081
1980 $142,246,815 $21,669,908,176
1979 - $18,020,571,429
1978 - $14,811,704,063
1977 - $14,400,806,876
1976 - $13,315,988,083
1975 - $11,632,178,869
1974 - $9,228,963,225
1973 - $10,098,534,613
1972 - $9,299,638,056
1971 - $8,609,283,346
1970 - $8,042,200,452
1969 - $6,524,455,206
1968 - $5,932,242,991
1967 - $5,605,484,299
1966 - $5,278,005,612
1965 - $4,948,667,540
1964 - $4,709,245,762
1963 - $4,187,146,232
1962 - $4,035,462,027
1961 - $4,494,575,611
1960 - $4,206,270,352

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cape-verde/egypt | CC BY

GDP per capita in Cape Verde vs Egypt by year

Cape Verde
GDP per capita

GDP per capita, PPP
Egypt
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cape Verde Egypt
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,192 $11,195 $3,338 $19,094
2023 $4,795 $10,242 $3,457 $18,525
2022 $4,323 $9,481 $4,233 $17,527
2021 $3,971 $7,685 $3,827 $15,579
2020 $3,539 $6,853 $3,511 $15,232
2019 $4,381 $8,646 $2,963 $13,364
2018 $4,295 $7,916 $2,485 $12,329
2017 $3,893 $7,936 $2,395 $11,125
2016 $3,609 $7,351 $3,271 $10,666
2015 $3,415 $6,773 $3,307 $10,903
2014 $3,986 $6,417 $3,133 $10,256
2013 $3,961 $6,367 $3,026 $10,511
2012 $3,737 $6,318 $2,996 $10,342
2011 $4,002 $6,384 $2,591 $8,988
2010 $3,579 $6,039 $2,455 $8,838
2009 $3,660 $5,901 $2,162 $8,465
2008 $3,909 $6,011 $1,896 $8,191
2007 $3,325 $5,567 $1,548 $7,641
2006 $2,257 $4,758 $1,299 $7,079
2005 $2,004 $4,324 $1,106 $6,554
2004 $1,929 $3,969 $991 $6,207
2003 $1,718 $3,551 $1,031 $5,928
2002 $1,329 $3,388 $1,117 $5,753
2001 $1,223 $3,217 $1,295 $5,650
2000 $1,190 $3,124 $1,366 $5,452
1999 $1,327 $2,714 $1,268 $5,121
1998 $1,187 $2,443 $1,213 $4,869
1997 $1,134 $2,182 $1,146 $4,661
1996 $1,180 $1,963 $1,009 $4,434
1995 $1,165 $1,762 $916 $4,235
1994 $991 $1,540 $807 $4,048
1993 $1,220 $1,291 $740 $3,895
1992 $908 $1,186 $681 $3,784
1991 $832 $1,069 $623 $3,627
1990 $817 $1,044 $736 $3,566
1989 $727 - $701 -
1988 $729 - $634 -
1987 $658 - $754 -
1986 $541 - $790 -
1985 $396 - $770 -
1984 $385 - $690 -
1983 $410 - $648 -
1982 $423 - $596 -
1981 $425 - $490 -
1980 $440 - $493 -
1979 - - $421 -
1978 - - $355 -
1977 - - $353 -
1976 - - $335 -
1975 - - $299.2 -
1974 - - $243.1 -
1973 - - $272.2 -
1972 - - $256.5 -
1971 - - $243 -
1970 - - $232.3 -
1969 - - $193 -
1968 - - $179.8 -
1967 - - $174.1 -
1966 - - $168.1 -
1965 - - $161.6 -
1964 - - $157.7 -
1963 - - $143.9 -
1962 - - $142.4 -
1961 - - $162.8 -
1960 - - $156.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cape-verde/egypt | CC BY

Cape Verde's GDP per capita is $5,192, ranking 118/197, compared to $3,338 in Egypt, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), Cape Verde ranks 129th at $11,195, while Egypt ranks 99th at $19,094.

Economic indicators

Cape Verde Egypt
Gross domestic product
$2.73B
2024
$389B
2024
GDP rank
172/197
2024
41/197
2024
GDP growth
7.24%
2023-2024
2.4%
2023-2024
GDP per capita
$5,192
2024
$3,338
2024
GDP per capita rank
118/197
2024
138/197
2024
GDP per capita, PPP
$11,195
2024
$19,094
2024
GDP per capita PPP rank
129/197
2024
99/197
2024
Government debt
$3.03B
2024
$354B
2024
Debt-to-GDP ratio
111.2%
2024
90.9%
2024
Government debt per person
$5,776
2024
$3,036
2024
Government debt per person rank
76/185
2024
99/185
2024
Average annual personal income after taxes
$2,576
2026
$1,948
2026
Market capitalization of domestic companies n/a
$42.6B
2024
Number of billionaires n/a
5
2025
Income share by richest 10%
32.3%
2015
24.6%
2021
Income share by poorest 10%
2.2%
2015
4.2%
2021
Government expenditure, % of GDP
26.1%
2024
22.9%
2024
Consumer prices inflation
1%
2023-2024
28.3%
2023-2024
Central bank interest rate
1.5%
2024
21%
2025
Unemployment rate
11.3%
2019
5.95%
2024
Population
530391
120697176

Spending and national debt comparison by year

Cape Verde
Spending

Debt
Egypt
Spending

Debt
1x
Year % of GDP
Cape Verde Egypt
Government spending Government debt Government spending Government debt
2024 26.1% 111.2% 22.9% 90.9%
2023 25.7% 117.5% 22.7% 95.9%
2022 26.6% 127.6% 24.9% 88.5%
2021 30.8% 149.5% 25.5% 89.9%
2020 34.5% 144.3% 25.7% 86.2%
2019 27.5% 109.8% 26.9% 80.1%
2018 27.5% 112.3% 28.6% 87.9%
2017 28% 113% 30.6% 97.8%
2016 26.6% 115.6% 31% 91.6%
2015 28.7% 115.7% 31.3% 83.8%
2014 27.8% 105.7% 33.9% 80.9%
2013 30.9% 93.5% 32.9% 79.8%
2012 31.6% 82.9% 29.2% 69.9%
2011 30.3% 71.6% 30.5% 72.8%
2010 35.7% 73.5% 31.4% 69.6%
2009 30.6% 58.8% 32.5% 69.5%
2008 27.6% 57.5% 32.7% 66.8%
2007 27.1% 59.6% 31.3% 76.3%
2006 28.4% 66.2% 34.5% 85.9%
2005 26.2% 66.7% 30.3% 98.3%
2004 26.3% 67.8% 30.1% 96.5%
2003 23.4% 65.6% 30.6% 97.1%
2002 28.5% 64.7% 30.9% 85.8%
2001 24.2% 62.2% 27.9% 79.1%
2000 36.7% 71.9% 26% 71.7%
1999 35% 66.4% 26.3% 72.4%
1998 29.8% 72.9% - 73.8%
1997 34.8% 79.3% - -
1996 38.9% 85.7% - -
1995 44.5% 74.3% - -
1994 48.1% 73.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1996, retrieved 2026-02-20).

GeoRank.org/economy/cape-verde/egypt | CC BY

In 2024, Cape Verde's government spending was $711M, accounting for 26.1% of its GDP, while Egypt spent $89.2B, or 22.9% of GDP.

Debt-to-GDP ratio is 111.2% in Cape Verde and 90.9% in Egypt, ranking 16/185 and 31/185, respectively.

Government deficit by year

Deficit/surplus
Cape Verde

Egypt
1x
Year Deficit/surplus, % of GDP
Cape Verde Egypt
2024 -1.07% -7.12%
2023 -0.28% -5.77%
2022 -4.25% -5.74%
2021 -7.51% -6.96%
2020 -9.29% -7.47%
2019 -1.62% -7.6%
2018 -2.36% -8.97%
2017 -2.63% -9.9%
2016 -2.73% -11.8%
2015 -4.16% -10.4%
2014 -6.93% -10.7%
2013 -8.49% -12.3%
2012 -9.36% -9.47%
2011 -6.98% -9.6%
2010 -9.6% -7.45%
2009 -5.32% -6.2%
2008 -1.42% -6.05%
2007 -0.86% -4.9%
2006 -4.32% -7.35%
2005 -4.69% -6.69%
2004 -2.98% -5.76%
2003 -3.63% -5.73%
2002 -6.14% -6.77%
2001 -5.03% -1.07%
2000 -15.5% 1.32%
1999 -10.9% 2.14%
1998 -3.16% -
1997 -10.2% -
1996 -11.2% -
1995 -11.1% -
1994 -12.8% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

GeoRank.org/economy/cape-verde/egypt | CC BY

In 2024, Cape Verde's government deficit, the difference between spending and revenue, was $29.1M, equivalent to 1.07% of GDP. This compares to Egypt's deficit of $27.7B, or 7.12% of GDP.

Over the past 26 years, Cape Verde recorded a fiscal deficit in 26 of those years, while Egypt ran a deficit in 24 years. On average, Cape Verde posted an annual deficit equal to 5.31% of GDP, compared to deficit of 6.86% of GDP for Egypt.

Inflation comparison by year

Inflation
Cape Verde

Egypt
1x
Year Consumer prices inflation
Cape Verde Egypt
2024 1% 28.3%
2023 3.7% 33.9%
2022 7.9% 13.9%
2021 1.9% 5.21%
2020 0.6% 5.04%
2019 1.1% 9.15%
2018 1.3% 14.4%
2017 0.8% 29.5%
2016 -1.4% 13.8%
2015 0.1% 10.4%
2014 -0.2% 10.1%
2013 1.5% 9.47%
2012 2.5% 7.11%
2011 4.5% 10.1%
2010 2.1% 11.3%
2009 1% 11.8%
2008 6.8% 18.3%
2007 4.4% 9.32%
2006 4.8% 7.64%
2005 0.4% 4.87%
2004 -1.9% 11.3%
2003 1.2% 4.51%
2002 1.9% 2.74%
2001 3.7% 2.27%
2000 -2.4% 2.68%
1999 4.3% 3.08%
1998 4.4% 3.87%
1997 8.6% 4.63%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/cape-verde/egypt | CC BY

Over the past 28 years, Cape Verde has recorded an average annual inflation rate of 2.31%, compared with 10.7% in Egypt. In 2024, inflation was 1% in Cape Verde and 28.3% in Egypt.

Top exports between countries

Cape Verde
Export category Export value
Egypt
Export category Export value
Chemicals & pharma $1.26M
Machinery & equipment $363K
Processed food, beverages & tobacco $278K
Raw agricultural goods $239K
Textiles & consumer goods $106K
Metals $40K
Miscellaneous $33K
Wood & paper products $24K
Raw materials & minerals $23K
Animal & marine products $15K

Balance of trade

Cape Verde Egypt
Current account balance
$107M
2024
-$22.3B
2024
Current account balance ranking
67/190
2024
184/190
2024
Current account balance, % of GDP
+3.91%
2024
-5.72%
2024
Goods imports
$1.17B
2024
$72.9B
2024
Goods exports
$328M
2024
$34.8B
2024
Service imports
$298M
2024
$27.5B
2024
Service exports
$830M
2024
$29.6B
2024
Imports of goods and services, % of GDP
54%
2024
23.2%
2024
Exports of goods and services, % of GDP
42.5%
2024
16.4%
2024

Economic freedom indices

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

Cape Verde Egypt
Economic freedom 71.4 50.3
Economic freedom ranking 32/197 160/197
Property rights 72.7 35.5
Government integrity 63.3 27.1
Judicial effectiveness 77.1 24
Tax burden 84.4 85.7
Government spending 79.5 83.4
Fiscal health 74.4 21.8
Business freedom 78.9 51.4
Labor freedom 59.5 43.1
Monetary freedom 80.4 56
Trade freedom 66.6 60.2
Investment freedom 60 65
Financial freedom 60 50

Economic freedom comparison by year

Cape Verde
Egypt
1x
Year Economic freedom index
Cape Verde Egypt
2026 71.4 50.3
2025 68.7 50.9
2024 62.9 49.7
2023 65.8 49.6
2022 66.7 49.1
2021 63.8 55.7
2020 63.6 54
2019 63.1 52.5
2018 60 53.4
2017 56.9 52.6
2016 66.5 56
2015 66.4 55.2
2014 66.1 52.9
2013 63.7 54.8
2012 63.5 57.9
2011 64.6 59.1
2010 61.8 59
2009 61.3 58
2008 57.9 58.5
2007 56.5 54.4
2006 58.6 53.2
2005 57.8 55.8
2004 58.1 55.5
2003 56.1 55.3
2002 57.6 54.1
2001 56.3 51.5
2000 51.9 51.7
1999 50.7 58
1998 48 55.8
1997 47.7 54.5
1996 49.7 52
1995 - 45.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/cape-verde/egypt | CC BY

The Economic Freedom Index for Cape Verde is 71.4, ranking 32/197, compared to 50.3 for Egypt, ranking 160/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cape Verde Egypt
Services, % of GDP
68.7%
2024
48.9%
2024
Industry, % of GDP
10.7%
2024
32.6%
2024
Agriculture, forestry, and fishing, % of GDP
4.92%
2024
13.7%
2024
GNI, Atlas method
$2.6B
2024
$409B
2024
GNI per capita, PPP
$11,000
2024
$18,230
2024
Total reserves including gold
$783M
2024
$44.9B
2024
Total reserves ranking
144/177
2024
44/177
2024
Net foreign direct investment
-$89.2M
2024
-$46.1B
2024
Net inflows of foreign direct investment
$110M
2024
$46.6B
2024
Net outflows of foreign direct investment
$20.8M
2024
$508M
2024
Servicing debt to the IMF, % of GNI
5.69%
2024
8.86%
2024
Poverty at national poverty lines
24.8%
2023
33.5%
2021
Gross capital formation, % of GDP
16.4%
2024
13%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/cape-verde/egypt | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1994–1996, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.