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Economy of Cape Verde vs Iran compared: GDP & Debt

Updated on by Georank

Cape Verde has a GDP of $3.06B compared to $363B for Iran, ranking 172/197 and 44/197 by economy size, respectively.

Cape Verde has $3.09B in government debt (101% of GDP), compared to $135B (37.3% of GDP) in Iran.

Cape Verde vs Iran GDP by year

Cape Verde
Iran
1x
Year GDP, current $
Cape Verde Iran
2025 $3,056,630,435 $362,682,115,433
2024 $2,713,721,857 $475,252,089,215
2023 $2,504,525,538 $457,510,482,317
2022 $2,247,003,344 $422,662,261,526
2021 $2,051,842,619 $407,350,685,583
2020 $1,821,565,614 $280,934,329,280
2019 $2,252,177,124 $347,988,400,958
2018 $2,205,099,507 $411,903,303,606
2017 $1,996,741,540 $510,239,893,418
2016 $1,849,789,986 $478,618,064,871
2015 $1,749,857,620 $409,191,686,497
2014 $2,041,930,125 $462,284,793,281
2013 $2,028,910,915 $500,399,839,840
2012 $1,913,081,210 $644,019,315,004
2011 $2,046,817,987 $629,082,257,472
2010 $1,824,751,468 $487,069,570,464
2009 $1,852,334,575 $414,059,094,949
2008 $1,959,620,648 $406,070,949,554
2007 $1,649,621,739 $349,736,591,832
2006 $1,107,571,458 $265,602,187,404
2005 $972,241,677 $224,970,371,325
2004 $924,940,012 $187,754,571,248
2003 $813,260,469 $151,911,222,119
2002 $620,507,387 $128,626,917,504
2001 $563,090,490 $126,878,750,296
2000 $539,227,278 $109,591,707,802
1999 $592,416,703 $113,848,450,088
1998 $521,910,561 $110,276,913,363
1997 $490,608,658 $113,919,163,421
1996 $501,979,270 $120,403,931,885
1995 $487,148,994 $96,419,225,744
1994 $406,580,652 $71,841,461,173
1993 $490,417,390 $63,743,623,232
1992 $357,160,985 $119,768,691,217
1991 $319,827,059 $131,637,664,958
1990 $306,890,963 $124,813,263,926
1989 $267,448,571 $120,496,362,916
1988 $264,308,140 $123,057,861,334
1987 $235,253,065 $134,009,995,923
1986 $190,651,168 $209,094,561,833
1985 $137,728,205 $180,183,629,600
1984 $132,019,039 $162,276,728,620
1983 $138,476,176 $156,365,156,618
1982 $140,630,679 $125,948,756,439
1981 $139,468,209 $100,499,312,750
1980 $142,246,815 $94,362,275,580
1979 - $90,391,877,326
1978 - $77,994,316,621
1977 - $80,600,122,702
1976 - $68,055,295,081
1975 - $51,776,222,350
1974 - $46,209,092,072
1973 - $27,081,698,250
1972 - $17,153,463,263
1971 - $13,731,802,833
1970 - $10,976,245,154
1969 - $9,743,089,607
1968 - $8,623,172,960
1967 - $7,555,383,690
1966 - $6,789,938,672
1965 - $6,197,319,929
1964 - $5,379,845,648
1963 - $4,928,628,018
1962 - $4,693,566,416
1961 - $4,426,949,095
1960 - $4,199,134,390

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Cape Verde vs Iran by year

Cape Verde
GDP per capita

GDP per capita, PPP
Iran
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cape Verde Iran
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,796 - $3,924 -
2024 $5,170 $11,195 $5,190 $19,874
2023 $4,795 $10,242 $5,049 $18,917
2022 $4,323 $9,481 $4,721 $17,546
2021 $3,971 $7,685 $4,605 $15,884
2020 $3,539 $6,853 $3,203 $15,119
2019 $4,381 $8,646 $3,997 $13,928
2018 $4,295 $7,916 $4,783 $15,324
2017 $3,893 $7,936 $6,001 $15,719
2016 $3,609 $7,351 $5,711 $15,195
2015 $3,415 $6,773 $4,953 $14,274
2014 $3,986 $6,417 $5,672 $16,065
2013 $3,961 $6,367 $6,223 $16,215
2012 $3,737 $6,318 $8,114 $17,021
2011 $4,002 $6,384 $8,026 $19,275
2010 $3,579 $6,039 $6,291 $18,628
2009 $3,660 $5,901 $5,416 $17,615
2008 $3,909 $6,011 $5,377 $17,549
2007 $3,325 $5,567 $4,688 $17,384
2006 $2,257 $4,758 $3,619 $15,907
2005 $2,004 $4,324 $3,132 $15,016
2004 $1,929 $3,969 $2,672 $14,425
2003 $1,718 $3,551 $2,209 $13,755
2002 $1,329 $3,388 $1,891 $12,554
2001 $1,223 $3,217 $1,881 $11,533
2000 $1,190 $3,124 $1,650 $11,187
1999 $1,327 $2,714 $1,740 $10,489
1998 $1,187 $2,443 $1,709 $10,285
1997 $1,134 $2,182 $1,790 $10,101
1996 $1,180 $1,963 $1,915 $9,916
1995 $1,165 $1,762 $1,550 $9,255
1994 $991 $1,540 $1,168 $8,951
1993 $1,220 $1,291 $1,038 $8,933
1992 $908 $1,186 $1,957 $8,888
1991 $832 $1,069 $2,194 $8,580
1990 $817 $1,044 $2,138 $7,566
1989 $727 - $2,125 -
1988 $729 - $2,234 -
1987 $658 - $2,513 -
1986 $541 - $4,064 -
1985 $396 - $3,634 -
1984 $385 - $3,395 -
1983 $410 - $3,397 -
1982 $423 - $2,845 -
1981 $425 - $2,393 -
1980 $440 - $2,368 -
1979 - - $2,352 -
1978 - - $2,101 -
1977 - - $2,243 -
1976 - - $1,954 -
1975 - - $1,532 -
1974 - - $1,409 -
1973 - - $851 -
1972 - - $555 -
1971 - - $457 -
1970 - - $377 -
1969 - - $345 -
1968 - - $314 -
1967 - - $283.7 -
1966 - - $262.9 -
1965 - - $247.5 -
1964 - - $221.7 -
1963 - - $209.6 -
1962 - - $205.8 -
1961 - - $200.1 -
1960 - - $195.6 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Cape Verde's GDP per capita is $5,796, ranking 116/197, compared to $3,924 in Iran, ranking 135/197. Adjusted for purchasing power (GDP per capita PPP), Cape Verde ranks 129th at $11,195, while Iran ranks 97th at $19,874.

Economic indicators

Cape Verde Iran
Gross domestic product
$3.06B
2025
$363B
2025
GDP rank
172/197
2025
44/197
2025
GDP growth
6.3%
2024-2025
-2.83%
2024-2025
GDP per capita
$5,796
2025
$3,924
2025
GDP per capita rank
116/197
2025
135/197
2025
GDP per capita, PPP
$11,195
2024
$19,874
2024
GDP per capita PPP rank
129/197
2024
97/197
2024
Government debt
$3.09B
2025
$135B
2025
Debt-to-GDP ratio
101%
2025
37.3%
2025
Government debt per person
$5,854
2025
$1,463
2025
Government debt per person rank
77/185
2025
133/185
2025
Average annual personal income after taxes
$2,506
2026
$2,958
2026
Market capitalization of domestic companies n/a
$186B
2025
Income share by richest 10%
32.3%
2015
28.2%
2023
Income share by poorest 10%
2.2%
2015
2.8%
2023
Government expenditure, % of GDP
27%
2025
13.4%
2025
Consumer prices inflation
2.3%
2024-2025
42.2%
2024-2025
Central bank interest rate
1.5%
2024
23%
2023
Unemployment rate
11.3%
2019
7.63%
2024
Population
530853
93580141

Spending and national debt comparison by year

Cape Verde
Spending

Debt
Iran
Spending

Debt
1x
Year % of GDP
Cape Verde Iran
Government spending Government debt Government spending Government debt
2025 27% 101% 13.4% 37.3%
2024 26.1% 112.8% 16% 31.2%
2023 25.7% 117.5% 12.8% 29.6%
2022 26.6% 127.6% 12.8% 34.5%
2021 30.8% 149.5% 13.4% 39.9%
2020 34.5% 149.1% 12.1% 47.1%
2019 27.5% 109.8% 13.6% 44.6%
2018 27.5% 112.3% 14.8% 41.6%
2017 28% 113% 16.4% 43.2%
2016 26.6% 115.6% 16.3% 45.9%
2015 28.7% 115.7% 14.1% 32.1%
2014 27.8% 105.7% 12.3% 10.9%
2013 30.9% 93.5% 11.5% 10.2%
2012 31.6% 82.9% 11.4% 11.7%
2011 30.3% 71.6% 14.6% 10.6%
2010 35.7% 66.2% 14.1% 12.8%
2009 30.6% 58.8% 15.7% 11.5%
2008 27.6% 57.5% 16.8% 10.6%
2007 27.1% 59.6% 14.2% 13.5%
2006 28.4% 66.2% 18.7% 15.2%
2005 26.2% 66.7% 17.9% 18.3%
2004 26.3% 67.8% 15.1% 21.1%
2003 23.4% 65.6% 15.7% 21.9%
2002 28.5% 64.7% 15.6% 23.4%
2001 24.2% 62.2% 13.6% 21%
2000 36.7% 71.9% 13.3% 18.2%
1999 35% 66.4% 15.7% 22.2%
1998 29.8% 72.9% 16.9% 29.6%
1997 34.8% 79.3% 17.4% 30.9%
1996 38.9% 85.7% 17.3% 29.3%
1995 44.5% 74.3% 21% 31.2%
1994 48.1% 73.4% 23% 41.7%
1993 - - 27.2% 25.6%
1992 - - 14.4% 25.2%
1991 - - 14% 29.3%
1990 - - 16.4% 37%
1989 - - 20% 48.8%
1988 - - 23.6% 53.2%
1987 - - 18.6% 48.6%
1986 - - 19% 47.4%
1985 - - 21.6% 8.73%
1984 - - 23.7% 10%
1983 - - 27.5% 35.7%
1982 - - 29.7% 47.7%
1981 - - 33.7% 47.6%
1980 - - 35.8% 35.5%
1979 - - - -
1978 - - - -
1977 - - - 9.23%
1976 - - - 6.92%
1975 - - - 8.81%
1974 - - - 6.68%
1973 - - - 12.8%
1972 - - - 12.7%
1971 - - - 14.2%
1970 - - - 14.1%
1969 - - - -
1968 - - 23.6% -
1967 - - 22.3% -
1966 - - 20.5% -
1965 - - 16.3% 14.9%
1964 - - 15.4% 15.2%
1963 - - 14.8% 12.4%
1962 - - 15.6% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1996, retrieved 2026-07-08).

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

In 2025, Cape Verde's government spending was $827M, accounting for 27% of its GDP, while Iran spent $48.7B, or 13.4% of GDP.

Debt-to-GDP ratio is 101% in Cape Verde and 37.3% in Iran, ranking 23/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
Cape Verde

Iran
1x
Year Deficit/surplus, % of GDP
Cape Verde Iran
2025 1.06% -5.65%
2024 -1.07% -2.68%
2023 -0.28% -3.04%
2022 -4.25% -2.64%
2021 -7.51% -3.01%
2020 -9.29% -4.87%
2019 -1.62% -4.3%
2018 -2.36% -1.59%
2017 -2.63% -1.55%
2016 -2.73% -1.7%
2015 -4.16% -1.3%
2014 -6.93% -0.91%
2013 -8.49% -0.72%
2012 -9.36% -0.5%
2011 -6.98% -0.66%
2010 -9.6% -0.84%
2009 -5.32% -3.3%
2008 -1.42% -4.39%
2007 -0.86% -2.41%
2006 -4.32% -4.91%
2005 -4.69% -2.44%
2004 -2.98% -2.45%
2003 -3.63% -2.76%
2002 -6.14% -2.88%
2001 -5.03% 0.02%
2000 -15.5% 5.42%
1999 -10.9% -0.51%
1998 -3.16% -5.03%
1997 -10.2% -1.81%
1996 -11.2% -0.75%
1995 -11.1% -2.63%
1994 -12.8% -3.36%
1993 - -5.15%
1992 - -0.86%
1991 - -1.64%
1990 - -1.73%
1989 - -4.45%
1988 - -10.3%
1987 - -6.84%
1986 - -7.84%
1985 - -3.74%
1984 - -4.02%
1983 - -6.15%
1982 - -5.55%
1981 - -10.7%
1980 - -14.2%
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -4.57%
1967 - -4%
1966 - -2.63%
1965 - -1.23%
1964 - -0.04%
1963 - 0.26%
1962 - -1.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, Cape Verde's government surplus, the difference between spending and revenue, was $32.3M, equivalent to 1.06% of GDP. This compares to Iran's deficit of $20.5B, or 5.65% of GDP.

Over the past 32 years, Cape Verde recorded a fiscal deficit in 31 of those years, while Iran ran a deficit in 30 years. On average, Cape Verde posted an annual deficit equal to 5.8% of GDP, compared to deficit of 2.19% of GDP for Iran.

Inflation comparison by year

Inflation
Cape Verde

Iran
1x
Year Consumer prices inflation
Cape Verde Iran
2025 2.3% 42.2%
2024 1.1% 32.5%
2023 3.7% 44.6%
2022 7.9% 43.5%
2021 1.9% 43.4%
2020 0.6% 30.6%
2019 1.1% 39.9%
2018 1.3% 18%
2017 0.8% 8.04%
2016 -1.4% 7.25%
2015 0.1% 12.5%
2014 -0.2% 16.6%
2013 1.5% 36.6%
2012 2.5% 27.3%
2011 4.5% 26.3%
2010 2.1% 10.1%
2009 1% 13.6%
2008 6.8% 25.4%
2007 4.4% 17.3%
2006 4.8% 10%
2005 0.4% 13.4%
2004 -1.9% 14.8%
2003 1.2% 16.5%
2002 1.9% 14.3%
2001 3.7% 11.3%
2000 -2.4% 14.5%
1999 4.3% 20.1%
1998 4.4% 17.9%
1997 8.6% 17.3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Cape Verde has recorded an average annual inflation rate of 2.31%, compared with 22.3% in Iran. In 2025, inflation was 2.3% in Cape Verde and 42.2% in Iran.

Balance of trade

Cape Verde Iran
Current account balance
$108M
2025
$12.5B
2000
Current account balance ranking
63/190
2025
22/190
2000
Current account balance, % of GDP
+3.53%
2025
+11.4%
2000
Goods imports
$1.29B
2025
$15.2B
2000
Goods exports
$344M
2025
$28.3B
2000
Service imports
$350M
2025
$2.3B
2000
Service exports
$940M
2025
$1.38B
2000
Imports of goods and services, % of GDP
53.4%
2025
34.5%
2025
Exports of goods and services, % of GDP
42%
2025
25.8%
2025

Economic freedom indices

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

Cape Verde Iran
Economic freedom 71.4 41.8
Economic freedom ranking 32/197 185/197
Property rights 72.7 20.2
Government integrity 63.3 16.2
Judicial effectiveness 77.1 18.7
Tax burden 84.4 81.3
Government spending 79.5 94.7
Fiscal health 74.4 83.3
Business freedom 78.9 37.4
Labor freedom 59.5 41.8
Monetary freedom 80.4 42.2
Trade freedom 66.6 55.8
Investment freedom 60 5
Financial freedom 60 5

Economic freedom comparison by year

Cape Verde
Iran
1x
Year Economic freedom index
Cape Verde Iran
2026 71.4 41.8
2025 68.7 42.5
2024 62.9 41.2
2023 65.8 42.2
2022 66.7 42.4
2021 63.8 47.2
2020 63.6 49.2
2019 63.1 51.1
2018 60 50.9
2017 56.9 50.5
2016 66.5 43.5
2015 66.4 41.8
2014 66.1 40.3
2013 63.7 43.2
2012 63.5 42.3
2011 64.6 42.1
2010 61.8 43.4
2009 61.3 44.6
2008 57.9 45
2007 56.5 45
2006 58.6 45
2005 57.8 50.5
2004 58.1 42.8
2003 56.1 43.2
2002 57.6 36.4
2001 56.3 35.9
2000 51.9 36.1
1999 50.7 36.8
1998 48 36
1997 47.7 34.5
1996 49.7 36.1

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Cape Verde is 71.4, ranking 32/197, compared to 41.8 for Iran, ranking 185/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cape Verde Iran
Services, % of GDP
67.9%
2025
47.1%
2025
Industry, % of GDP
10.7%
2025
39.6%
2025
Agriculture, forestry, and fishing, % of GDP
5.04%
2025
10.6%
2025
GNI, Atlas method
$2.95B
2025
$429B
2025
GNI per capita, PPP
$12,010
2025
$19,660
2025
Total reserves including gold
$1.26B
2025
$7.69B
1982
Total reserves ranking
138/177
2025
89/177
1982
Net foreign direct investment
-$130M
2025
-$39M
2000
Net inflows of foreign direct investment
$110M
2024
$1.45B
2024
Net outflows of foreign direct investment
$20.8M
2024
$89.4M
2024
Servicing debt to the IMF, % of GNI
5.72%
2024
0.08%
2024
Poverty at national poverty lines
24.8%
2023
18.7%
2020
Gross capital formation, % of GDP
17.4%
2025
41.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1996, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.