Cape Verde vs Maldives: Economic Indicators Comparison

Maldives with a GDP of $5.3B ranked the 155th largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Maldives and Cape Verde ranked 22nd vs 94th and 72nd vs 125th, respectively.

Gross Domestic Product & Income

StatCape VerdeMaldives
GDP$2B$5.3B
GDP growth, 1 year4.7%7%
GDP growth, 5-years average3%6.3%
Population546k436k
GDP per capita$3.6k$10k
GDP per capita growth3.87%2.89%
Purchasing Power Parity conversion factor45.5610.39
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.67
GDP per capita, PPP adjusted$7.3k$22k
GNI, Atlas method$1.9B$4.8B
GNI per capita$3.4k$9.3k
GNI, PPP adjusted$4B$7.3B
GNI per capita, PPP adjusted$7.3k$14k

Financial system and Human development

StatCape VerdeMaldives
Income Tax Rate50%0%
Corporate Tax Rate30%0%
Inflation, consumer prices2.2%1.5%
Inflation, GDP deflator1.5%5.3%
Unemployment12.3%6.1%
Economic Freedom Index63.656.5
Personal Freedom Index8.337.2
Human Freedom Index7.47.1
Property Rights Index47.548.5
Judical Effectiveness Index4831.7
Business Freedom Index58.578.7
Fiscal Health Index66.242.9
Labor Freedom Index55.670.6
Investment Freedom Index8035
Financial Freedom Index6030
Trade Freedom Index68.261
Monetary Freedom Index83.177
Government Spending Index71.767.9
Tax Burden Index77.795.8
Government Integrity Index46.139.2
Corruption Perceptions Index5731
Life expectancy at birth, years72.678.3
Suicide mortality rate, per 100,000 people11.32.3
Mortality caused by road traffic injury, per 100,000 people250.9
Intentional homicides, per 100,000 people11.50.8
International tourism, number of arrivals710k1.5M

Government debt & reserves

StatCape VerdeMaldives
Central government debt, % of GDP127.7%61.5%
External debt stocks, % of GNI89.3%48%
External debt stocks$1.7B$2.3B
Short-term debt, % of total reserves0.2%36.4%
Total debt service, % of exports and primary income5.6%9.2%
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%N/A
Total reserves including gold$606.4M$722.1M
Foreign direct investment net inflows$108M$538.5M

Exports, imports and economic structure

StatCape VerdeMaldives
Exports of goods and services, % of GDP48.8%69.1%
Imports of goods and services, % of GDP68.2%77.2%
Current account balance (balance of payments)-$94.5M-$1.4B
Revenue excluding grants, % of GDP28.8%25.7%
Grants excluding technical cooperation, BoP$42.5M$72.6M
Personal remittances received$233.5M$4.2M
Industry including construction value added, % of GDP19.2%12.9%
Agriculture, forestry and fishing value added, % of GDP5.3%5.6%
Charges for the use of intellectual property, payments BoP$11.3M$3.5M
Charges for the use of intellectual property, receipts BoP$47k$5.6M
Expense, % of GDP28.4%25.1%
Government Expenditure, % of GDP30.7%32.7%

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

Maldives vs

CountryGDP
per capita
Population
Hungary
$16k
9.94M
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
Equatorial Guinea
$10k
1.27M
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