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Economy of Cape Verde vs Israel compared: GDP & Debt

Updated on by Georank

Cape Verde has a GDP of $3.06B compared to $611B for Israel, ranking 172/197 and 27/197 by economy size, respectively.

Cape Verde has $3.09B in government debt (101% of GDP), compared to $418B (68.5% of GDP) in Israel.

Cape Verde vs Israel GDP by year

Cape Verde
Israel
1x
Year GDP, current $
Cape Verde Israel
2025 $3,056,630,435 $610,777,842,874
2024 $2,713,721,857 $542,284,494,491
2023 $2,504,525,538 $513,393,395,492
2022 $2,247,003,344 $525,157,951,213
2021 $2,051,842,619 $489,735,019,666
2020 $1,821,565,614 $410,908,899,711
2019 $2,252,177,124 $399,207,771,082
2018 $2,205,099,507 $375,470,422,244
2017 $1,996,741,540 $357,360,816,857
2016 $1,849,789,986 $321,083,954,798
2015 $1,749,857,620 $302,841,190,258
2014 $2,041,930,125 $314,376,760,832
2013 $2,028,910,915 $298,045,324,736
2012 $1,913,081,210 $263,172,104,091
2011 $2,046,817,987 $267,739,352,609
2010 $1,824,751,468 $239,372,857,534
2009 $1,852,334,575 $213,112,649,594
2008 $1,959,620,648 $220,952,472,408
2007 $1,649,621,739 $184,448,882,452
2006 $1,107,571,458 $158,706,516,002
2005 $972,241,677 $147,346,035,831
2004 $924,940,012 $139,925,423,025
2003 $813,260,469 $131,278,887,815
2002 $620,507,387 $125,215,963,105
2001 $563,090,490 $134,889,159,474
2000 $539,227,278 $136,409,902,632
1999 $592,416,703 $121,329,240,042
1998 $521,910,561 $120,468,659,246
1997 $490,608,658 $119,389,303,067
1996 $501,979,270 $115,051,957,577
1995 $487,148,994 $105,432,315,611
1994 $406,580,652 $90,684,108,118
1993 $490,417,390 $79,806,598,120
1992 $357,160,985 $79,408,652,426
1991 $319,827,059 $70,954,941,681
1990 $306,890,963 $61,978,459,022
1989 $267,448,571 $52,411,116,588
1988 $264,308,140 $52,618,458,014
1987 $235,253,065 $43,022,977,765
1986 $190,651,168 $35,812,041,620
1985 $137,728,205 $28,887,898,639
1984 $132,019,039 $30,626,695,891
1983 $138,476,176 $32,655,591,256
1982 $140,630,679 $29,237,231,967
1981 $139,468,209 $26,865,420,933
1980 $142,246,815 $25,379,585,067
1979 - $22,595,788,591
1978 - $17,690,363,444
1977 - $18,245,847,441
1976 - $15,946,502,888
1975 - $16,131,806,290
1974 - $17,162,009,924
1973 - $11,895,229,181
1972 - $9,216,866,299
1971 - $7,048,191,876
1970 - $7,402,142,195
1969 - $6,293,966,357
1968 - $5,455,059,532
1967 - $4,759,447,914
1966 - $4,700,397,692
1965 - $4,326,412,951
1964 - $4,021,861,430
1963 - $3,533,767,055
1962 - $2,964,323,618
1961 - $3,706,297,903
1960 - $3,068,690,949

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

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

GDP per capita in Cape Verde vs Israel by year

Cape Verde
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cape Verde Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,796 - $60,337 -
2024 $5,170 $11,195 $54,217 $57,236
2023 $4,795 $10,242 $52,126 $55,171
2022 $4,323 $9,481 $54,947 $53,619
2021 $3,971 $7,685 $52,258 $46,162
2020 $3,539 $6,853 $44,591 $40,955
2019 $4,381 $8,646 $44,092 $41,325
2018 $4,295 $7,916 $42,269 $40,190
2017 $3,893 $7,936 $41,013 $39,471
2016 $3,609 $7,351 $37,571 $38,189
2015 $3,415 $6,773 $36,138 $35,871
2014 $3,986 $6,417 $38,265 $34,816
2013 $3,961 $6,367 $36,981 $34,827
2012 $3,737 $6,318 $33,269 $32,484
2011 $4,002 $6,384 $34,477 $31,314
2010 $3,579 $6,039 $31,399 $29,456
2009 $3,660 $5,901 $28,470 $28,087
2008 $3,909 $6,011 $30,231 $28,084
2007 $3,325 $5,567 $25,689 $28,307
2006 $2,257 $4,758 $22,500 $26,385
2005 $2,004 $4,324 $21,262 $25,701
2004 $1,929 $3,969 $20,550 $26,078
2003 $1,718 $3,551 $19,624 $24,702
2002 $1,329 $3,388 $19,059 $26,101
2001 $1,223 $3,217 $20,949 $25,806
2000 $1,190 $3,124 $21,690 $25,766
1999 $1,327 $2,714 $19,809 $23,415
1998 $1,187 $2,443 $20,176 $22,927
1997 $1,134 $2,182 $20,457 $22,279
1996 $1,180 $1,963 $20,213 $21,672
1995 $1,165 $1,762 $19,014 $20,642
1994 $991 $1,540 $16,796 $19,478
1993 $1,220 $1,291 $15,169 $18,218
1992 $908 $1,186 $15,500 $17,553
1991 $832 $1,069 $14,337 $16,486
1990 $817 $1,044 $13,300 $15,721
1989 $727 - $11,601 -
1988 $729 - $11,846 -
1987 $658 - $9,847 -
1986 $541 - $8,330 -
1985 $396 - $6,824 -
1984 $385 - $7,364 -
1983 $410 - $7,955 -
1982 $423 - $7,253 -
1981 $425 - $6,791 -
1980 $440 - $6,545 -
1979 - - $5,968 -
1978 - - $4,794 -
1977 - - $5,050 -
1976 - - $4,514 -
1975 - - $4,669 -
1974 - - $5,082 -
1973 - - $3,629 -
1972 - - $2,928 -
1971 - - $2,297 -
1970 - - $2,489 -
1969 - - $2,188 -
1968 - - $1,946 -
1967 - - $1,734 -
1966 - - $1,788 -
1965 - - $1,688 -
1964 - - $1,625 -
1963 - - $1,485 -
1962 - - $1,293 -
1961 - - $1,696 -
1960 - - $1,452 -

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

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

Cape Verde's GDP per capita is $5,796, ranking 116/197, compared to $60,337 in Israel, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), Cape Verde ranks 129th at $11,195, while Israel ranks 36th at $57,236.

Economic indicators

Cape Verde Israel
Gross domestic product
$3.06B
2025
$611B
2025
GDP rank
172/197
2025
27/197
2025
GDP growth
6.3%
2024-2025
2.93%
2024-2025
GDP per capita
$5,796
2025
$60,337
2025
GDP per capita rank
116/197
2025
19/197
2025
GDP per capita, PPP
$11,195
2024
$57,236
2024
GDP per capita PPP rank
129/197
2024
36/197
2024
Government debt
$3.09B
2025
$418B
2025
Debt-to-GDP ratio
101%
2025
68.5%
2025
Government debt per person
$5,854
2025
$41,338
2025
Government debt per person rank
77/185
2025
16/185
2025
Average annual personal income after taxes
$2,506
2026
$48,251
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
195,000
2026
Number of billionaires n/a
42
2026
Income share by richest 10%
32.3%
2015
27%
2022
Income share by poorest 10%
2.2%
2015
1.8%
2022
Government expenditure, % of GDP
27%
2025
43.6%
2025
Consumer prices inflation
2.3%
2024-2025
3.04%
2024-2025
Central bank interest rate
1.5%
2024
3.75%
2026
Unemployment rate
11.3%
2019
3%
2025
Population
530853
10334048

Spending and national debt comparison by year

Cape Verde
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Cape Verde Israel
Government spending Government debt Government spending Government debt
2025 27% 101% 43.6% 68.5%
2024 26.1% 112.8% 43.7% 67.7%
2023 25.7% 117.5% 39.6% 61.3%
2022 26.6% 127.6% 36.9% 60.3%
2021 30.8% 149.5% 40.1% 67.7%
2020 34.5% 149.1% 44.8% 71.1%
2019 27.5% 109.8% 38.7% 59.3%
2018 27.5% 112.3% 39.2% 60.1%
2017 28% 113% 38.4% 59.8%
2016 26.6% 115.6% 37.9% 61.7%
2015 28.7% 115.7% 37.6% 62.8%
2014 27.8% 105.7% 38.3% 65.8%
2013 30.9% 93.5% 39.7% 66%
2012 31.6% 82.9% 39.6% 66.9%
2011 30.3% 71.6% 39.3% 67.2%
2010 35.7% 66.2% 39.7% 69%
2009 30.6% 58.8% 41.4% 72.6%
2008 27.6% 57.5% 41.2% 70.2%
2007 27.1% 59.6% 40.2% 70.8%
2006 28.4% 66.2% 41.6% 77.7%
2005 26.2% 66.7% 42.3% 85.2%
2004 26.3% 67.8% 43% 88.3%
2003 23.4% 65.6% 45.4% 89.7%
2002 28.5% 64.7% 50% 87.2%
2001 24.2% 62.2% 46.1% 81.1%
2000 36.7% 71.9% 43.4% 77.2%
1999 35% 66.4% 53.6% 94.8%
1998 29.8% 72.9% 55% 101%
1997 34.8% 79.3% 52.6% 99.3%
1996 38.9% 85.7% 53.2% 100.3%
1995 44.5% 74.3% 52.8% 102.3%
1994 48.1% 73.4% 41.7% 110.2%
1993 - - 42.2% 118.3%
1992 - - 44.1% 119.6%
1991 - - 34.4% 123.7%
1990 - - 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Cape Verde's government spending was $827M, accounting for 27% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 101% in Cape Verde and 68.5% in Israel, ranking 23/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Cape Verde

Israel
1x
Year Deficit/surplus, % of GDP
Cape Verde Israel
2025 1.06% -5.22%
2024 -1.07% -8.07%
2023 -0.28% -5.38%
2022 -4.25% 0.3%
2021 -7.51% -3.37%
2020 -9.29% -10.6%
2019 -1.62% -3.79%
2018 -2.36% -3.58%
2017 -2.63% -1.17%
2016 -2.73% -1.78%
2015 -4.16% -1.2%
2014 -6.93% -2.28%
2013 -8.49% -4.07%
2012 -9.36% -4.46%
2011 -6.98% -3.43%
2010 -9.6% -3.72%
2009 -5.32% -6.53%
2008 -1.42% -3.49%
2007 -0.86% -0.43%
2006 -4.32% -0.94%
2005 -4.69% -2.74%
2004 -2.98% -3.4%
2003 -3.63% -5.03%
2002 -6.14% -8.21%
2001 -5.03% -4.06%
2000 -15.5% -0.8%
1999 -10.9% -6.26%
1998 -3.16% -7.99%
1997 -10.2% -4.84%
1996 -11.2% -5.97%
1995 -11.1% -4.28%
1994 -12.8% -5.62%
1993 - -5.62%
1992 - -8%
1991 - -7.04%
1990 - -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

GeoRank.org/economy/cape-verde/israel | 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 Israel's deficit of $31.9B, or 5.22% of GDP.

Over the past 32 years, Cape Verde recorded a fiscal deficit in 31 of those years, while Israel ran a deficit in 31 years. On average, Cape Verde posted an annual deficit equal to 5.8% of GDP, compared to deficit of 4.14% of GDP for Israel.

Inflation comparison by year

Inflation
Cape Verde

Israel
1x
Year Consumer prices inflation
Cape Verde Israel
2025 2.3% 3.04%
2024 1.1% 3.07%
2023 3.7% 4.23%
2022 7.9% 4.41%
2021 1.9% 1.48%
2020 0.6% -0.58%
2019 1.1% 0.82%
2018 1.3% 0.81%
2017 0.8% 0.25%
2016 -1.4% -0.54%
2015 0.1% -0.62%
2014 -0.2% 0.47%
2013 1.5% 1.59%
2012 2.5% 1.68%
2011 4.5% 3.49%
2010 2.1% 2.7%
2009 1% 3.37%
2008 6.8% 4.53%
2007 4.4% 0.47%
2006 4.8% 2.05%
2005 0.4% 1.34%
2004 -1.9% -0.42%
2003 1.2% 0.71%
2002 1.9% 5.8%
2001 3.7% 1.12%
2000 -2.4% 1.03%
1999 4.3% 5.19%
1998 4.4% 5.49%
1997 8.6% 8.95%

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/israel | CC BY

Over the past 29 years, Cape Verde has recorded an average annual inflation rate of 2.31%, compared with 2.27% in Israel. In 2025, inflation was 2.3% in Cape Verde and 3.04% in Israel.

Top exports between countries

Cape Verde
Export category Export value
Processed food, beverages & tobacco $95K
Israel
Export category Export value
Machinery & equipment $23K
Metals $6K
Chemicals & pharma $1K

Balance of trade

Cape Verde Israel
Current account balance
$108M
2025
$8.53B
2025
Current account balance ranking
63/190
2025
26/190
2025
Current account balance, % of GDP
+3.53%
2025
+1.4%
2025
Goods imports
$1.29B
2025
$102B
2025
Goods exports
$344M
2025
$76.2B
2025
Service imports
$350M
2025
$53.2B
2025
Service exports
$940M
2025
$92.4B
2025
Imports of goods and services, % of GDP
53.4%
2025
25.4%
2025
Exports of goods and services, % of GDP
42%
2025
27.6%
2025

Economic freedom indices

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

Cape Verde Israel
Economic freedom 71.4 68.4
Economic freedom ranking 32/197 47/197
Property rights 72.7 73.1
Government integrity 63.3 66.2
Judicial effectiveness 77.1 68.1
Tax burden 84.4 60.2
Government spending 79.5 52
Fiscal health 74.4 60.8
Business freedom 78.9 72.4
Labor freedom 59.5 56.8
Monetary freedom 80.4 78.2
Trade freedom 66.6 82.8
Investment freedom 60 70
Financial freedom 60 80

Economic freedom comparison by year

Cape Verde
Israel
1x
Year Economic freedom index
Cape Verde Israel
2026 71.4 68.4
2025 68.7 69.9
2024 62.9 70.1
2023 65.8 68.9
2022 66.7 68
2021 63.8 73.8
2020 63.6 74
2019 63.1 72.8
2018 60 72.2
2017 56.9 69.7
2016 66.5 70.7
2015 66.4 70.5
2014 66.1 68.4
2013 63.7 66.9
2012 63.5 67.8
2011 64.6 68.5
2010 61.8 67.7
2009 61.3 67.6
2008 57.9 66.3
2007 56.5 64.8
2006 58.6 64.4
2005 57.8 62.6
2004 58.1 61.4
2003 56.1 62.7
2002 57.6 66.9
2001 56.3 66.1
2000 51.9 65.5
1999 50.7 68.3
1998 48 68
1997 47.7 62.7
1996 49.7 62
1995 - 61.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Cape Verde is 71.4, ranking 32/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cape Verde Israel
Services, % of GDP
67.9%
2025
72.8%
2024
Industry, % of GDP
10.7%
2025
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
5.04%
2025
1.29%
2024
GNI, Atlas method
$2.95B
2025
$569B
2025
GNI per capita, PPP
$12,010
2025
$58,870
2025
Total reserves including gold
$1.26B
2025
$229B
2025
Total reserves ranking
138/177
2025
18/177
2025
Net foreign direct investment
-$130M
2025
-$11.8B
2025
Net inflows of foreign direct investment
$110M
2024
$14.8B
2024
Net outflows of foreign direct investment
$20.8M
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
5.72%
2024
n/a
Poverty at national poverty lines
24.8%
2023
22%
2020
Gross capital formation, % of GDP
17.4%
2025
24.3%
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/israel | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. 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.