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Economy of Cape Verde vs Jordan compared: GDP & Debt

Updated on by Georank team

Cape Verde has a GDP of $2.73B compared to $53.4B for Jordan, ranking 172/197 and 90/197 by economy size, respectively.

Cape Verde has $3.03B in government debt (111.2% of GDP), compared to $48.1B (90.2% of GDP) in Jordan.

Cape Verde vs Jordan GDP by year

Cape Verde
Jordan
1x
Year GDP, current $
Cape Verde Jordan
2024 $2,725,414,151 $53,352,289,577
2023 $2,504,525,549 $51,088,476,338
2022 $2,247,003,344 $48,764,963,380
2021 $2,051,842,619 $46,296,100,141
2020 $1,821,565,614 $43,700,383,099
2019 $2,252,177,124 $44,503,006,338
2018 $2,205,099,507 $43,370,860,704
2017 $1,996,741,540 $41,608,435,915
2016 $1,849,789,986 $39,892,551,127
2015 $1,749,857,620 $38,587,017,887
2014 $2,041,930,125 $36,847,643,521
2013 $2,028,910,915 $34,454,440,141
2012 $1,913,081,210 $31,634,561,690
2011 $2,046,817,987 $29,524,149,155
2010 $1,824,751,468 $27,133,804,225
2009 $1,852,334,575 $24,537,876,056
2008 $1,959,620,648 $22,658,715,989
2007 $1,649,621,739 $17,110,437,236
2006 $1,107,571,458 $15,056,981,664
2005 $972,241,677 $12,588,998,590
2004 $924,940,012 $11,411,706,629
2003 $813,260,469 $10,195,627,645
2002 $620,507,387 $9,582,510,578
2001 $563,090,490 $8,975,814,653
2000 $539,227,278 $8,460,789,845
1999 $592,416,703 $8,149,929,478
1998 $521,910,561 $7,912,270,804
1997 $490,608,658 $7,245,839,210
1996 $501,979,270 $6,927,503,526
1995 $487,148,994 $6,727,597,032
1994 $406,580,652 $6,236,295,978
1993 $490,417,390 $5,606,400,222
1992 $357,160,985 $5,310,833,194
1991 $319,827,059 $4,344,467,193
1990 $306,890,963 $4,160,087,508
1989 $267,448,571 $4,221,373,674
1988 $264,308,140 $6,277,451,829
1987 $235,253,065 $6,756,209,762
1986 $190,651,168 $6,402,050,485
1985 $137,728,205 $4,993,601,520
1984 $132,019,039 $4,967,162,160
1983 $138,476,176 $4,920,692,191
1982 $140,630,679 $4,681,240,993
1981 $139,468,209 $4,383,944,703
1980 $142,246,815 $3,910,044,474
1979 - $3,271,368,781
1978 - $2,602,208,589
1977 - $2,096,778,602
1976 - $1,708,521,219
1975 - $1,363,073,498
1974 - $1,197,483,949
1973 - $943,783,840
1972 - $788,479,685
1971 - $678,159,729
1970 - $639,519,744
1969 - $698,879,720
1968 - $561,119,776
1967 - $631,679,747
1966 - $657,999,737
1965 - $599,759,760

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

GDP per capita in Cape Verde vs Jordan by year

Cape Verde
GDP per capita

GDP per capita, PPP
Jordan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cape Verde Jordan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,192 $11,195 $4,618 $10,821
2023 $4,795 $10,242 $4,466 $10,412
2022 $4,323 $9,481 $4,332 $9,927
2021 $3,971 $7,685 $4,183 $9,182
2020 $3,539 $6,853 $4,022 $9,579
2019 $4,381 $8,646 $4,170 $9,429
2018 $4,295 $7,916 $4,145 $9,042
2017 $3,893 $7,936 $4,066 $9,266
2016 $3,609 $7,351 $3,987 $8,748
2015 $3,415 $6,773 $4,043 $8,967
2014 $3,986 $6,417 $4,191 $9,145
2013 $3,961 $6,367 $4,311 $9,817
2012 $3,737 $6,318 $4,170 $9,739
2011 $4,002 $6,384 $3,947 $9,632
2010 $3,579 $6,039 $3,718 $9,417
2009 $3,660 $5,901 $3,436 $9,291
2008 $3,909 $6,011 $3,242 $8,983
2007 $3,325 $5,567 $2,506 $8,416
2006 $2,257 $4,758 $2,343 $8,046
2005 $2,004 $4,324 $2,088 $7,697
2004 $1,929 $3,969 $1,940 $7,074
2003 $1,718 $3,551 $1,776 $6,500
2002 $1,329 $3,388 $1,706 $6,256
2001 $1,223 $3,217 $1,632 $5,948
2000 $1,190 $3,124 $1,571 $5,641
1999 $1,327 $2,714 $1,545 $5,402
1998 $1,187 $2,443 $1,532 $5,264
1997 $1,134 $2,182 $1,436 $5,171
1996 $1,180 $1,963 $1,410 $5,055
1995 $1,165 $1,762 $1,416 $5,027
1994 $991 $1,540 $1,367 $4,830
1993 $1,220 $1,291 $1,289 $4,726
1992 $908 $1,186 $1,287 $4,654
1991 $832 $1,069 $1,110 $4,195
1990 $817 $1,044 $1,149 $4,317
1989 $727 - $1,260 -
1988 $729 - $1,966 -
1987 $658 - $2,217 -
1986 $541 - $2,200 -
1985 $396 - $1,797 -
1984 $385 - $1,871 -
1983 $410 - $1,939 -
1982 $423 - $1,929 -
1981 $425 - $1,885 -
1980 $440 - $1,750 -
1979 - - $1,519 -
1978 - - $1,249 -
1977 - - $1,039 -
1976 - - $873 -
1975 - - $718 -
1974 - - $651 -
1973 - - $531 -
1972 - - $460 -
1971 - - $412 -
1970 - - $409 -
1969 - - $474 -
1968 - - $409 -
1967 - - $497 -
1966 - - $558 -
1965 - - $546 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

Cape Verde's GDP per capita is $5,192, ranking 118/197, compared to $4,618 in Jordan, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Cape Verde ranks 129th at $11,195, while Jordan ranks 131st at $10,821.

Economic indicators

Cape Verde Jordan
Gross domestic product
$2.73B
2024
$53.4B
2024
GDP rank
172/197
2024
90/197
2024
GDP growth
7.24%
2023-2024
2.49%
2023-2024
GDP per capita
$5,192
2024
$4,618
2024
GDP per capita rank
118/197
2024
123/197
2024
GDP per capita, PPP
$11,195
2024
$10,821
2024
GDP per capita PPP rank
129/197
2024
131/197
2024
Government debt
$3.03B
2024
$48.1B
2024
Debt-to-GDP ratio
111.2%
2024
90.2%
2024
Government debt per person
$5,776
2024
$4,167
2024
Government debt per person rank
76/185
2024
91/185
2024
Average annual personal income after taxes
$2,576
2026
$4,787
2026
Market capitalization of domestic companies n/a
$24.9B
2024
Income share by richest 10%
32.3%
2015
27.4%
2010
Income share by poorest 10%
2.2%
2015
3.5%
2010
Government expenditure, % of GDP
26.1%
2024
33%
2024
Consumer prices inflation
1%
2023-2024
1.56%
2023-2024
Central bank interest rate
1.5%
2024
5.75%
2025
Unemployment rate
11.3%
2019
16.6%
2023
Population
530391
11555022

Spending and national debt comparison by year

Cape Verde
Spending

Debt
Jordan
Spending

Debt
1x
Year % of GDP
Cape Verde Jordan
Government spending Government debt Government spending Government debt
2024 26.1% 111.2% 33% 90.2%
2023 25.7% 117.5% 32.9% 89%
2022 26.6% 127.6% 33.3% 88.6%
2021 30.8% 149.5% 34.1% 87.6%
2020 34.5% 144.3% 33.7% 104.5%
2019 27.5% 109.8% 32.4% 92.9%
2018 27.5% 112.3% 32% 87.4%
2017 28% 113% 29.6% 86.1%
2016 26.6% 115.6% 29.8% 85%
2015 28.7% 115.7% 31.7% 83.4%
2014 27.8% 105.7% 39.2% 78.6%
2013 30.9% 93.5% 36.4% 78.1%
2012 31.6% 82.9% 32.2% 73.8%
2011 30.3% 71.6% 27.4% 63.9%
2010 35.7% 73.5% 29.8% 59.5%
2009 30.6% 58.8% 35.9% 55.5%
2008 27.6% 57.5% 35.8% 53.2%
2007 27.1% 59.6% 37.7% 64.4%
2006 28.4% 66.2% 34.7% 65.6%
2005 26.2% 66.7% 37.3% 80.5%
2004 26.3% 67.8% 36.6% 86%
2003 23.4% 65.6% 36% 94.6%
2002 28.5% 64.7% 32.9% 91.3%
2001 24.2% 62.2% 32.1% 89.7%
2000 36.7% 71.9% 33.1% 85.6%
1999 35% 66.4% 32.7% 98.1%
1998 29.8% 72.9% 34.9% 99.8%
1997 34.8% 79.3% 33.9% 98.1%
1996 38.9% 85.7% 36.2% 104.9%
1995 44.5% 74.3% 35.5% 106.1%
1994 48.1% 73.4% 34.3% 116.2%
1993 - - 36.4% 126.6%
1992 - - 35.5% 139.6%
1991 - - 44.9% 187%
1990 - - 44% 204.8%
1989 - - 42.5% 195.4%
1988 - - 44.3% 129.3%
1987 - - 42.1% 101.9%
1986 - - 33.8% 84.3%
1985 - - 42.4% 85.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1996, retrieved 2026-02-20).

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

In 2024, Cape Verde's government spending was $711M, accounting for 26.1% of its GDP, while Jordan spent $17.6B, or 33% of GDP.

Debt-to-GDP ratio is 111.2% in Cape Verde and 90.2% in Jordan, ranking 16/185 and 32/185, respectively.

Government deficit by year

Deficit/surplus
Cape Verde

Jordan
1x
Year Deficit/surplus, % of GDP
Cape Verde Jordan
2024 -1.07% -7.33%
2023 -0.28% -6.89%
2022 -4.25% -6.8%
2021 -7.51% -8.45%
2020 -9.29% -10.1%
2019 -1.62% -7.19%
2018 -2.36% -5.78%
2017 -2.63% -3.61%
2016 -2.73% -3.71%
2015 -4.16% -7.1%
2014 -6.93% -15.5%
2013 -8.49% -16.1%
2012 -9.36% -13.8%
2011 -6.98% -5.61%
2010 -9.6% -5.43%
2009 -5.32% -8.66%
2008 -1.42% -5.38%
2007 -0.86% -5.45%
2006 -4.32% -3.82%
2005 -4.69% -5.36%
2004 -2.98% -1.09%
2003 -3.63% -2.52%
2002 -6.14% -4.44%
2001 -5.03% -2.77%
2000 -15.5% -3.99%
1999 -10.9% -2.69%
1998 -3.16% -5.4%
1997 -10.2% -2.97%
1996 -11.2% -3.25%
1995 -11.1% -1.72%
1994 -12.8% -2.3%
1993 - -2.14%
1992 - 1.87%
1991 - -10.2%
1990 - -7.45%
1989 - -6.89%
1988 - -13%
1987 - -13.4%
1986 - -2.39%
1985 - -6.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/cape-verde/jordan | 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 Jordan's deficit of $3.91B, or 7.33% of GDP.

Over the past 31 years, Cape Verde recorded a fiscal deficit in 31 of those years, while Jordan ran a deficit in 31 years. On average, Cape Verde posted an annual deficit equal to 6.02% of GDP, compared to deficit of 5.98% of GDP for Jordan.

Inflation comparison by year

Inflation
Cape Verde

Jordan
1x
Year Consumer prices inflation
Cape Verde Jordan
2024 1% 1.56%
2023 3.7% 2.08%
2022 7.9% 4.23%
2021 1.9% 1.35%
2020 0.6% 0.33%
2019 1.1% 0.76%
2018 1.3% 4.46%
2017 0.8% 3.32%
2016 -1.4% -0.78%
2015 0.1% -0.88%
2014 -0.2% 2.9%
2013 1.5% 4.82%
2012 2.5% 4.52%
2011 4.5% 4.16%
2010 2.1% 4.85%
2009 1% -0.74%
2008 6.8% 14%
2007 4.4% 4.74%
2006 4.8% 6.25%
2005 0.4% 3.49%
2004 -1.9% 3.36%
2003 1.2% 1.63%
2002 1.9% 1.83%
2001 3.7% 1.77%
2000 -2.4% 0.67%
1999 4.3% 0.61%
1998 4.4% 3.09%
1997 8.6% 3.04%

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/jordan | CC BY

Over the past 28 years, Cape Verde has recorded an average annual inflation rate of 2.31%, compared with 2.91% in Jordan. In 2024, inflation was 1% in Cape Verde and 1.56% in Jordan.

Balance of trade

Cape Verde Jordan
Current account balance
$107M
2024
-$3.13B
2024
Current account balance ranking
67/190
2024
158/190
2024
Current account balance, % of GDP
+3.91%
2024
-5.86%
2024
Goods imports
$1.17B
2024
$23.9B
2024
Goods exports
$328M
2024
$13.3B
2024
Service imports
$298M
2024
$6.5B
2024
Service exports
$830M
2024
$9.45B
2024
Imports of goods and services, % of GDP
54%
2024
57.1%
2024
Exports of goods and services, % of GDP
42.5%
2024
42.6%
2024

Economic freedom indices

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

Cape Verde Jordan
Economic freedom 71.4 59.3
Economic freedom ranking 32/197 104/197
Property rights 72.7 52.3
Government integrity 63.3 51
Judicial effectiveness 77.1 44
Tax burden 84.4 84.1
Government spending 79.5 67.2
Fiscal health 74.4 5.2
Business freedom 78.9 62.7
Labor freedom 59.5 51.3
Monetary freedom 80.4 81.2
Trade freedom 66.6 82
Investment freedom 60 70
Financial freedom 60 60

Economic freedom comparison by year

Cape Verde
Jordan
1x
Year Economic freedom index
Cape Verde Jordan
2026 71.4 59.3
2025 68.7 59.4
2024 62.9 58.3
2023 65.8 58.8
2022 66.7 60.1
2021 63.8 64.6
2020 63.6 66
2019 63.1 66.5
2018 60 64.9
2017 56.9 66.7
2016 66.5 68.3
2015 66.4 69.3
2014 66.1 69.2
2013 63.7 70.4
2012 63.5 69.9
2011 64.6 68.9
2010 61.8 66.1
2009 61.3 65.4
2008 57.9 64.1
2007 56.5 64.5
2006 58.6 63.7
2005 57.8 66.7
2004 58.1 66.1
2003 56.1 65.3
2002 57.6 66.2
2001 56.3 68.3
2000 51.9 67.5
1999 50.7 67.4
1998 48 66.8
1997 47.7 63.6
1996 49.7 60.8
1995 - 62.7

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

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

The Economic Freedom Index for Cape Verde is 71.4, ranking 32/197, compared to 59.3 for Jordan, ranking 104/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cape Verde Jordan
Services, % of GDP
68.7%
2024
60.4%
2024
Industry, % of GDP
10.7%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
4.92%
2024
5.07%
2024
GNI, Atlas method
$2.6B
2024
$51.2B
2024
GNI per capita, PPP
$11,000
2024
$10,570
2024
Total reserves including gold
$783M
2024
$21.9B
2024
Total reserves ranking
144/177
2024
60/177
2024
Net foreign direct investment
-$89.2M
2024
-$1.58B
2024
Net inflows of foreign direct investment
$110M
2024
$1.63B
2024
Net outflows of foreign direct investment
$20.8M
2024
$54.1M
2024
Servicing debt to the IMF, % of GNI
5.69%
2024
8.64%
2024
Poverty at national poverty lines
24.8%
2023
14.2%
2020
Gross capital formation, % of GDP
16.4%
2024
25.2%
2021

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/jordan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1996, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.