Cape Verde vs Equatorial Guinea: Economic Indicators Comparison

Equatorial Guinea with a GDP of $13.4B ranked the 132nd largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Equatorial Guinea and Cape Verde ranked 179th vs 94th and 73rd vs 125th, respectively.

Gross Domestic Product & Income

StatCape VerdeEquatorial Guinea
GDP$2B$13.4B
GDP growth, 1 year4.7%-5.7%
GDP growth, 5-years average3%-5.6%
Population546k1.3M
GDP per capita$3.6k$10k
GDP per capita growth3.87%-9.5%
Purchasing Power Parity conversion factor45.56250.74
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.45
GDP per capita, PPP adjusted$7.3k$23k
GNI, Atlas method$1.9B$9B
GNI per capita$3.4k$6.8k
GNI, PPP adjusted$4B$22.9B
GNI per capita, PPP adjusted$7.3k$17k

Financial system and Human development

StatCape VerdeEquatorial Guinea
Income Tax Rate50%35%
Corporate Tax Rate30%35%
Inflation, consumer prices2.2%1.3%
Inflation, GDP deflator1.5%11.2%
Unemployment12.3%9.2%
Economic Freedom Index63.648.3
Personal Freedom Index8.336.6
Human Freedom Index7.46.6
Property Rights Index47.538.1
Judical Effectiveness Index4819.5
Business Freedom Index58.537.5
Fiscal Health Index66.277.2
Labor Freedom Index55.634.2
Investment Freedom Index8040
Financial Freedom Index6030
Trade Freedom Index68.248.8
Monetary Freedom Index83.178.1
Government Spending Index71.786.4
Tax Burden Index77.775.1
Government Integrity Index46.115.1
Corruption Perceptions Index5716
Life expectancy at birth, years72.658.1
Suicide mortality rate, per 100,000 people11.316.4
Mortality caused by road traffic injury, per 100,000 people2524.6
Intentional homicides, per 100,000 people11.52.3
International tourism, number of arrivals710kN/A

Government debt & reserves

StatCape VerdeEquatorial Guinea
Central government debt, % of GDP127.7%35.9%
External debt stocks, % of GNI89.3%N/A
External debt stocks$1.7BN/A
Short-term debt, % of total reserves0.2%N/A
Total debt service, % of exports and primary income5.6%N/A
Adjusted net savings including particulate emission damage, % of GNI11.7%N/A
Gross savings, % of GDP34.7%N/A
Gross capital formation, % of GDP40.4%15.5%
Total reserves including gold$606.4M$48.9M
Foreign direct investment net inflows$108M$395.9M

Exports, imports and economic structure

StatCape VerdeEquatorial Guinea
Exports of goods and services, % of GDP48.8%58.1%
Imports of goods and services, % of GDP68.2%43.3%
Current account balance (balance of payments)-$94.5M-$344M
Revenue excluding grants, % of GDP28.8%17.2%
Grants excluding technical cooperation, BoP$42.5M$7.2M
Personal remittances received$233.5M$164k
Industry including construction value added, % of GDP19.2%56.7%
Agriculture, forestry and fishing value added, % of GDP5.3%2.4%
Charges for the use of intellectual property, payments BoP$11.3MN/A
Charges for the use of intellectual property, receipts BoP$47kN/A
Expense, % of GDP28.4%9.8%
Government Expenditure, % of GDP30.7%21.3%

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

Equatorial Guinea vs

CountryGDP
per capita
Population
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
Costa Rica
$12k
4.91M
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
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
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k