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Economy of Cape Verde vs Myanmar compared: GDP & Debt

Updated on by Georank

Cape Verde has a GDP of $3.06B compared to $81.7B for Myanmar, ranking 172/197 and 85/197 by economy size, respectively.

Cape Verde has $3.09B in government debt (101% of GDP), compared to $42.4B (51.9% of GDP) in Myanmar.

Cape Verde vs Myanmar GDP by year

Cape Verde
Myanmar
1x
Year GDP, current $
Cape Verde Myanmar
2025 $3,056,630,435 $81,665,773,810
2024 $2,713,721,857 $74,068,349,524
2023 $2,504,525,538 $66,757,619,000
2022 $2,247,003,344 $62,253,049,892
2021 $2,051,842,619 $66,345,291,160
2020 $1,821,565,614 $79,006,113,643
2019 $2,252,177,124 $75,065,106,228
2018 $2,205,099,507 $67,860,515,990
2017 $1,996,741,540 $66,053,040,483
2016 $1,849,789,986 $63,298,361,996
2015 $1,749,857,620 $59,607,290,408
2014 $2,041,930,125 $65,531,374,200
2013 $2,028,910,915 $60,269,732,855
2012 $1,913,081,210 $59,937,796,648
2011 $2,046,817,987 $59,977,326,086
2010 $1,824,751,468 $49,540,813,342
2009 $1,852,334,575 $36,906,181,381
2008 $1,959,620,648 $31,862,554,102
2007 $1,649,621,739 $20,182,477,481
2006 $1,107,571,458 $14,502,553,710
2005 $972,241,677 $11,986,972,419
2004 $924,940,012 $10,567,354,056
2003 $813,260,469 $10,467,109,978
2002 $620,507,387 $6,777,632,512
2001 $563,090,490 $6,477,790,688
2000 $539,227,278 $8,905,066,164
1999 $592,416,703 $8,486,832,801
1998 $521,910,561 $6,459,461,639
1997 $490,608,658 $4,722,288,496
1996 $501,979,270 $6,123,556,717
1995 $487,148,994 $5,289,174,943
1994 $406,580,652 $4,432,257,174
1993 $490,417,390 $3,163,020,035
1992 $357,160,985 $2,411,552,289
1991 $319,827,059 $2,069,832,687
1990 $306,890,963 $2,115,193,513
1989 $267,448,571 $2,013,448,229
1988 $264,308,140 $1,541,088,312
1987 $235,253,065 $1,562,448,077
1986 $190,651,168 $1,582,873,750
1985 $137,728,205 $1,478,908,173
1984 $132,019,039 $1,304,063,253
1983 $138,476,176 $1,381,573,615
1982 $140,630,679 $1,481,165,468
1981 $139,468,209 $1,111,000,765
1980 $142,246,815 $1,038,225,167
1979 - $952,265,043
1978 - $935,408,775
1977 - $873,579,932
1976 - $1,204,699,849
1975 - $1,061,107,354
1974 - $1,225,589,878
1973 - $719,754,655
1972 - $662,213,083
1971 - $587,448,405
1970 - $563,555,631
1969 - $571,854,215
1968 - $559,956,130
1967 - $420,359,036
1966 - $293,103,479
1965 - $367,053,117
1964 - $411,419,906
1963 - $598,998,419
1962 - $634,528,872
1961 - $605,581,577
1960 - $545,098,448

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

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

GDP per capita in Cape Verde vs Myanmar by year

Cape Verde
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cape Verde Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,796 - $1,489 -
2024 $5,170 $11,195 $1,359 $5,997
2023 $4,795 $10,242 $1,233 $5,953
2022 $4,323 $9,481 $1,158 $5,732
2021 $3,971 $7,685 $1,243 $5,178
2020 $3,539 $6,853 $1,490 $5,741
2019 $4,381 $8,646 $1,426 $6,101
2018 $4,295 $7,916 $1,298 $5,581
2017 $3,893 $7,936 $1,273 $4,706
2016 $3,609 $7,351 $1,229 $4,460
2015 $3,415 $6,773 $1,167 $4,459
2014 $3,986 $6,417 $1,293 $4,376
2013 $3,961 $6,367 $1,199 $4,144
2012 $3,737 $6,318 $1,203 $3,845
2011 $4,002 $6,384 $1,214 $3,579
2010 $3,579 $6,039 $1,011 $3,348
2009 $3,660 $5,901 $758 $3,040
2008 $3,909 $6,011 $658 $2,748
2007 $3,325 $5,567 $419 $2,459
2006 $2,257 $4,758 $303 $2,153
2005 $2,004 $4,324 $252.7 $1,860
2004 $1,929 $3,969 $224.5 $1,601
2003 $1,718 $3,551 $224.3 $1,385
2002 $1,329 $3,388 $146.6 $1,204
2001 $1,223 $3,217 $141.5 $1,069
2000 $1,190 $3,124 $196.6 $949
1999 $1,327 $2,714 $189.5 $825
1998 $1,187 $2,443 $146 $742
1997 $1,134 $2,182 $108 $702
1996 $1,180 $1,963 $141.9 $661
1995 $1,165 $1,762 $124.1 $618
1994 $991 $1,540 $105.4 $573
1993 $1,220 $1,291 $76.2 $529
1992 $908 $1,186 $58.9 $494
1991 $832 $1,069 $51.2 $447
1990 $817 $1,044 $53.1 $441
1989 $727 - $51.3 -
1988 $729 - $39.9 -
1987 $658 - $41.1 -
1986 $541 - $42.4 -
1985 $396 - $40.4 -
1984 $385 - $36.3 -
1983 $410 - $39.3 -
1982 $423 - $43 -
1981 $425 - $32.8 -
1980 $440 - $31.2 -
1979 - - $29.2 -
1978 - - $29.3 -
1977 - - $27.9 -
1976 - - $39.2 -
1975 - - $35.2 -
1974 - - $41.4 -
1973 - - $24.8 -
1972 - - $23.3 -
1971 - - $21.1 -
1970 - - $20.7 -
1969 - - $21.5 -
1968 - - $21.5 -
1967 - - $16.5 -
1966 - - $11.8 -
1965 - - $15.1 -
1964 - - $17.3 -
1963 - - $25.8 -
1962 - - $27.9 -
1961 - - $27.3 -
1960 - - $25.1 -

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

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

Cape Verde's GDP per capita is $5,796, ranking 116/197, compared to $1,489 in Myanmar, ranking 166/197. Adjusted for purchasing power (GDP per capita PPP), Cape Verde ranks 129th at $11,195, while Myanmar ranks 153rd at $5,997.

Economic indicators

Cape Verde Myanmar
Gross domestic product
$3.06B
2025
$81.7B
2025
GDP rank
172/197
2025
85/197
2025
GDP growth
6.3%
2024-2025
-2.01%
2024-2025
GDP per capita
$5,796
2025
$1,489
2025
GDP per capita rank
116/197
2025
166/197
2025
GDP per capita, PPP
$11,195
2024
$5,997
2024
GDP per capita PPP rank
129/197
2024
153/197
2024
Government debt
$3.09B
2025
$42.4B
2025
Debt-to-GDP ratio
101%
2025
51.9%
2025
Government debt per person
$5,854
2025
$773
2025
Government debt per person rank
77/185
2025
152/185
2025
Average annual personal income after taxes
$2,506
2026
$2,165
2026
Income share by richest 10%
32.3%
2015
25.5%
2017
Income share by poorest 10%
2.2%
2015
3.8%
2017
Government expenditure, % of GDP
27%
2025
25.2%
2025
Consumer prices inflation
2.3%
2024-2025
8.83%
2018-2019
Central bank interest rate
1.5%
2024
n/a
Unemployment rate
11.3%
2019
1.48%
2020
Population
530853
55361818

Spending and national debt comparison by year

Cape Verde
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Cape Verde Myanmar
Government spending Government debt Government spending Government debt
2025 27% 101% 25.2% 51.9%
2024 26.1% 112.8% 25.8% 50.6%
2023 25.7% 117.5% 21.4% 53.2%
2022 26.6% 127.6% 21.3% 56%
2021 30.8% 149.5% 20.9% 63.4%
2020 34.5% 149.1% 21.3% 49.1%
2019 27.5% 109.8% 20.5% 37.6%
2018 27.5% 112.3% 18.7% 39.9%
2017 28% 113% 19.7% 41.9%
2016 26.6% 115.6% 21.3% 35.7%
2015 28.7% 115.7% 23.7% 36.6%
2014 27.8% 105.7% 24.7% 34.5%
2013 30.9% 93.5% 23.9% 44.8%
2012 31.6% 82.9% 20% 48%
2011 30.3% 71.6% 15.6% 49.9%
2010 35.7% 66.2% 15.8% 54.4%
2009 30.6% 58.8% 14.4% 56.4%
2008 27.6% 57.5% 14.4% 59.8%
2007 27.1% 59.6% 15.7% 77.4%
2006 28.4% 66.2% 15.6% 103.1%
2005 26.2% 66.7% 14.6% 119%
2004 26.3% 67.8% 14.6% 126.6%
2003 23.4% 65.6% 14.3% 146%
2002 28.5% 64.7% 15.3% 190.6%
2001 24.2% 62.2% 19.1% 262%
2000 36.7% 71.9% 21.4% 164.5%
1999 35% 66.4% 22.8% 150.7%
1998 29.8% 72.9% 25.2% 208.6%
1997 34.8% 79.3% - -
1996 38.9% 85.7% - -
1995 44.5% 74.3% - -
1994 48.1% 73.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1996, retrieved 2026-07-08).

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

In 2025, Cape Verde's government spending was $827M, accounting for 27% of its GDP, while Myanmar spent $20.6B, or 25.2% of GDP.

Debt-to-GDP ratio is 101% in Cape Verde and 51.9% in Myanmar, ranking 23/185 and 101/185, respectively.

Government deficit by year

Deficit/surplus
Cape Verde

Myanmar
1x
Year Deficit/surplus, % of GDP
Cape Verde Myanmar
2025 1.06% -4.94%
2024 -1.07% -4.11%
2023 -0.28% -2.76%
2022 -4.25% -2.75%
2021 -7.51% -2.22%
2020 -9.29% -6.5%
2019 -1.62% -4.7%
2018 -2.36% -2.77%
2017 -2.63% -3.42%
2016 -2.73% -2.53%
2015 -4.16% -4.33%
2014 -6.93% -1.06%
2013 -8.49% -1.53%
2012 -9.36% -2.7%
2011 -6.98% -4.82%
2010 -9.6% -5.4%
2009 -5.32% -3.55%
2008 -1.42% -2.73%
2007 -0.86% -3.52%
2006 -4.32% -3.42%
2005 -4.69% -3.49%
2004 -2.98% -4.62%
2003 -3.63% -4.24%
2002 -6.14% -4.01%
2001 -5.03% -6.34%
2000 -15.5% -6.03%
1999 -10.9% -4.46%
1998 -3.16% -4.89%
1997 -10.2% -
1996 -11.2% -
1995 -11.1% -
1994 -12.8% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08).

GeoRank.org/economy/cape-verde/myanmar | 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 Myanmar's deficit of $4.04B, or 4.94% of GDP.

Over the past 28 years, Cape Verde recorded a fiscal deficit in 27 of those years, while Myanmar ran a deficit in 28 years. On average, Cape Verde posted an annual deficit equal to 5.01% of GDP, compared to deficit of 3.85% of GDP for Myanmar.

Inflation comparison by year

Inflation
Cape Verde

Myanmar
1x
Year Consumer prices inflation
Cape Verde Myanmar
2025 2.3% -
2024 1.1% -
2023 3.7% -
2022 7.9% -
2021 1.9% -
2020 0.6% -
2019 1.1% 8.83%
2018 1.3% 6.87%
2017 0.8% 4.57%
2016 -1.4% 6.93%
2015 0.1% 9.45%
2014 -0.2% 4.95%
2013 1.5% 5.64%
2012 2.5% 1.47%
2011 4.5% 5.02%
2010 2.1% 7.72%
2009 1% 1.47%
2008 6.8% 26.8%
2007 4.4% 35%
2006 4.8% 20%
2005 0.4% 9.37%
2004 -1.9% 4.53%
2003 1.2% 36.6%
2002 1.9% 57.1%
2001 3.7% 21.1%
2000 -2.4% -0.11%
1999 4.3% 18.4%
1998 4.4% 51.5%
1997 8.6% 29.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2019, retrieved 2026-07-08).

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

Over the past 23 years, Cape Verde has recorded an average annual inflation rate of 2.15%, compared with 16.2% in Myanmar. In 2019, inflation was 2.3% in Cape Verde and 8.83% in Myanmar.

Top exports between countries

Cape Verde
Export category Export value
Myanmar
Export category Export value
Raw agricultural goods $38K

Balance of trade

Cape Verde Myanmar
Current account balance
$108M
2025
$67.7M
2019
Current account balance ranking
63/190
2025
66/190
2019
Current account balance, % of GDP
+3.53%
2025
+0.09%
2019
Goods imports
$1.29B
2025
$13.7B
2019
Goods exports
$344M
2025
$10.8B
2019
Service imports
$350M
2025
$3.66B
2019
Service exports
$940M
2025
$6.68B
2019
Imports of goods and services, % of GDP
53.4%
2025
n/a
Exports of goods and services, % of GDP
42%
2025
24.3%
2026

Economic freedom indices

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

Cape Verde Myanmar
Economic freedom 71.4 44.5
Economic freedom ranking 32/197 180/197
Property rights 72.7 5.7
Government integrity 63.3 18.1
Judicial effectiveness 77.1 3.9
Tax burden 84.4 88.6
Government spending 79.5 86.6
Fiscal health 74.4 62.7
Business freedom 78.9 37.9
Labor freedom 59.5 53.2
Monetary freedom 80.4 57.5
Trade freedom 66.6 69.4
Investment freedom 60 30
Financial freedom 60 20

Economic freedom comparison by year

Cape Verde
Myanmar
1x
Year Economic freedom index
Cape Verde Myanmar
2026 71.4 44.5
2025 68.7 43.7
2024 62.9 42.2
2023 65.8 46.5
2022 66.7 49.6
2021 63.8 55.2
2020 63.6 54
2019 63.1 53.6
2018 60 53.9
2017 56.9 52.5
2016 66.5 48.7
2015 66.4 46.9
2014 66.1 46.5
2013 63.7 39.2
2012 63.5 38.7
2011 64.6 37.8
2010 61.8 36.7
2009 61.3 37.7
2008 57.9 39.5
2007 56.5 41
2006 58.6 40
2005 57.8 40.5
2004 58.1 43.6
2003 56.1 44.9
2002 57.6 45.5
2001 56.3 46.1
2000 51.9 47.9
1999 50.7 46.4
1998 48 45.7
1997 47.7 45.4
1996 49.7 45.1

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

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

The Economic Freedom Index for Cape Verde is 71.4, ranking 32/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cape Verde Myanmar
Services, % of GDP
67.9%
2025
38.5%
2025
Industry, % of GDP
10.7%
2025
36.2%
2025
Agriculture, forestry, and fishing, % of GDP
5.04%
2025
25.3%
2025
GNI, Atlas method
$2.95B
2025
$72.3B
2025
GNI per capita, PPP
$12,010
2025
$5,890
2025
Total reserves including gold
$1.26B
2025
$9.34B
2023
Total reserves ranking
138/177
2025
85/177
2023
Net foreign direct investment
-$130M
2025
-$1.74B
2019
Net inflows of foreign direct investment
$110M
2024
$1.1B
2024
Net outflows of foreign direct investment
$20.8M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.72%
2024
1.31%
2024
Poverty at national poverty lines
24.8%
2023
24.8%
2017
Gross capital formation, % of GDP
17.4%
2025
n/a

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/myanmar | 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 (1994–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1994–1996, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2022, 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.