Cape Verde vs Norway: Economic Indicators Comparison
Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Norway and Cape Verde ranked 142nd vs 94th and 5th vs 125th, respectively.
Gross Domestic Product & Income
| Stat |  Cape Verde |  Norway |
|---|---|---|
| GDP | $2B | $434.2B |
| GDP growth, 1 year | 4.7% | 1.4% |
| GDP growth, 5-years average | 3% | 1.7% |
| Population | 546k | 5.4M |
| GDP per capita | $3.6k | $82k |
| GDP per capita growth | 3.87% | 0.58% |
| Purchasing Power Parity conversion factor | 45.56 | 10.14 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.49 | 1.25 |
| GDP per capita, PPP adjusted | $7.3k | $74k |
| GNI, Atlas method | $1.9B | $428.4B |
| GNI per capita | $3.4k | $81k |
| GNI, PPP adjusted | $4B | $363B |
| GNI per capita, PPP adjusted | $7.3k | $68k |
Financial system and Human development
| Stat | Cape Verde | Norway |
|---|---|---|
| Income Tax Rate | 50% | 47.8% |
| Corporate Tax Rate | 30% | 22% |
| Inflation, consumer prices | 2.2% | 2.8% |
| Inflation, GDP deflator | 1.5% | 5.8% |
| Unemployment | 12.3% | 3.9% |
| Economic Freedom Index | 63.6 | 73.4 |
| Personal Freedom Index | 8.33 | 9.55 |
| Human Freedom Index | 7.4 | 8.61 |
| Property Rights Index | 47.5 | 84.3 |
| Judical Effectiveness Index | 48 | 82.8 |
| Business Freedom Index | 58.5 | 86.1 |
| Fiscal Health Index | 66.2 | 97.3 |
| Labor Freedom Index | 55.6 | 57.4 |
| Investment Freedom Index | 80 | 75 |
| Financial Freedom Index | 60 | 60 |
| Trade Freedom Index | 68.2 | 83.8 |
| Monetary Freedom Index | 83.1 | 74.8 |
| Government Spending Index | 71.7 | 25.6 |
| Tax Burden Index | 77.7 | 57.7 |
| Government Integrity Index | 46.1 | 95.6 |
| Corruption Perceptions Index | 57 | 84 |
| Life expectancy at birth, years | 72.6 | 82.5 |
| Suicide mortality rate, per 100,000 people | 11.3 | 12.2 |
| Mortality caused by road traffic injury, per 100,000 people | 25 | 2.7 |
| Intentional homicides, per 100,000 people | 11.5 | 0.5 |
| International tourism, number of arrivals | 710k | 5.7M |
Government debt & reserves
| Stat | Cape Verde | Norway |
|---|---|---|
| Central government debt, % of GDP | 127.7% | 36.8% |
| External debt stocks, % of GNI | 89.3% | N/A |
| External debt stocks | $1.7B | N/A |
| Short-term debt, % of total reserves | 0.2% | N/A |
| Total debt service, % of exports and primary income | 5.6% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 11.7% | 16.9% |
| Gross savings, % of GDP | 34.7% | 35.9% |
| Gross capital formation, % of GDP | 40.4% | 27.3% |
| Total reserves including gold | $606.4M | $63.1B |
| Foreign direct investment net inflows | $108M | -$17.4B |
Exports, imports and economic structure
| Stat | Cape Verde | Norway |
|---|---|---|
| Exports of goods and services, % of GDP | 48.8% | 38.4% |
| Imports of goods and services, % of GDP | 68.2% | 32.6% |
| Current account balance (balance of payments) | -$94.5M | $31.4B |
| Revenue excluding grants, % of GDP | 28.8% | 47.4% |
| Grants excluding technical cooperation, BoP | $42.5M | N/A |
| Personal remittances received | $233.5M | $644.3M |
| Industry including construction value added, % of GDP | 19.2% | 32% |
| Agriculture, forestry and fishing value added, % of GDP | 5.3% | 1.9% |
| Charges for the use of intellectual property, payments BoP | $11.3M | $768.9M |
| Charges for the use of intellectual property, receipts BoP | $47k | $515.2M |
| Expense, % of GDP | 28.4% | 37.7% |
| Government Expenditure, % of GDP | 30.7% | 49.8% |
