Cape Verde vs Jamaica: Economic Indicators Comparison

Jamaica with a GDP of $15.7B ranked the 122nd largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Jamaica and Cape Verde ranked 153rd vs 94th and 106th vs 125th, respectively.

Gross Domestic Product & Income

StatCape VerdeJamaica
GDP$2B$15.7B
GDP growth, 1 year4.7%1.4%
GDP growth, 5-years average3%1%
Population546k2.9M
GDP per capita$3.6k$5.4k
GDP per capita growth3.87%1.45%
Purchasing Power Parity conversion factor45.5673.98
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.57
GDP per capita, PPP adjusted$7.3k$9.4k
GNI, Atlas method$1.9B$14.6B
GNI per capita$3.4k$5k
GNI, PPP adjusted$4B$26.1B
GNI per capita, PPP adjusted$7.3k$8.9k

Financial system and Human development

StatCape VerdeJamaica
Income Tax Rate50%25%
Corporate Tax Rate30%25%
Inflation, consumer prices2.2%3.7%
Inflation, GDP deflator1.5%4.8%
Unemployment12.3%9.5%
Economic Freedom Index63.668.5
Personal Freedom Index8.337.29
Human Freedom Index7.47.16
Property Rights Index47.562.1
Judical Effectiveness Index4850.5
Business Freedom Index58.577.7
Fiscal Health Index66.280.2
Labor Freedom Index55.674
Investment Freedom Index8080
Financial Freedom Index6050
Trade Freedom Index68.268.4
Monetary Freedom Index83.177.7
Government Spending Index71.774.8
Tax Burden Index77.780
Government Integrity Index46.146.8
Corruption Perceptions Index5744
Life expectancy at birth, years72.674.3
Suicide mortality rate, per 100,000 people11.32.2
Mortality caused by road traffic injury, per 100,000 people2513.6
Intentional homicides, per 100,000 people11.557
International tourism, number of arrivals710k2.5M

Government debt & reserves

StatCape VerdeJamaica
Central government debt, % of GDP127.7%99.4%
External debt stocks, % of GNI89.3%108%
External debt stocks$1.7B$16.3B
Short-term debt, % of total reserves0.2%56.4%
Total debt service, % of exports and primary income5.6%20.4%
Adjusted net savings including particulate emission damage, % of GNI11.7%15.9%
Gross savings, % of GDP34.7%21.3%
Gross capital formation, % of GDP40.4%23.3%
Total reserves including gold$606.4M$3.5B
Foreign direct investment net inflows$108M$774.6M

Exports, imports and economic structure

StatCape VerdeJamaica
Exports of goods and services, % of GDP48.8%38%
Imports of goods and services, % of GDP68.2%51.1%
Current account balance (balance of payments)-$94.5M-$287.6M
Revenue excluding grants, % of GDP28.8%29.3%
Grants excluding technical cooperation, BoP$42.5M$96.8M
Personal remittances received$233.5M$2.5B
Industry including construction value added, % of GDP19.2%20.3%
Agriculture, forestry and fishing value added, % of GDP5.3%6.6%
Charges for the use of intellectual property, payments BoP$11.3M$50.8M
Charges for the use of intellectual property, receipts BoP$47k$5.3M
Expense, % of GDP28.4%26.7%
Government Expenditure, % of GDP30.7%29%

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

Jamaica vs

CountryGDP
per capita
Population
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
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