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Economy of Cape Verde vs Pakistan compared: GDP & Debt

Updated on by Georank

Cape Verde has a GDP of $3.06B compared to $407B for Pakistan, ranking 172/197 and 41/197 by economy size, respectively.

Cape Verde has $3.09B in government debt (101% of GDP), compared to $297B (72.8% of GDP) in Pakistan.

Cape Verde vs Pakistan GDP by year

Cape Verde
Pakistan
1x
Year GDP, current $
Cape Verde Pakistan
2025 $3,056,630,435 $407,307,214,476
2024 $2,713,721,857 $371,747,087,751
2023 $2,504,525,538 $336,686,348,609
2022 $2,247,003,344 $374,890,295,667
2021 $2,051,842,619 $348,516,647,445
2020 $1,821,565,614 $300,425,609,818
2019 $2,252,177,124 $320,909,472,771
2018 $2,205,099,507 $356,128,166,705
2017 $1,996,741,540 $339,205,534,861
2016 $1,849,789,986 $313,630,000,130
2015 $1,749,857,620 $299,963,590,535
2014 $2,041,930,125 $271,390,474,858
2013 $2,028,910,915 $258,657,231,672
2012 $1,913,081,210 $250,106,966,105
2011 $2,046,817,987 $230,586,581,060
2010 $1,824,751,468 $196,709,621,850
2009 $1,852,334,575 $187,337,783,856
2008 $1,959,620,648 $202,203,748,584
2007 $1,649,621,739 $184,140,869,997
2006 $1,107,571,458 $161,871,385,506
2005 $972,241,677 $145,208,562,961
2004 $924,940,012 $132,216,048,339
2003 $813,260,469 $112,371,913,741
2002 $620,507,387 $97,923,302,809
2001 $563,090,490 $97,145,618,480
2000 $539,227,278 $99,484,802,345
1999 $592,416,703 $62,973,857,069
1998 $521,910,561 $62,191,955,814
1997 $490,608,658 $62,433,340,468
1996 $501,979,270 $63,320,170,084
1995 $487,148,994 $60,636,071,684
1994 $406,580,652 $52,293,470,813
1993 $490,417,390 $51,809,999,353
1992 $357,160,985 $48,884,671,947
1991 $319,827,059 $45,625,336,680
1990 $306,890,963 $40,010,423,970
1989 $267,448,571 $40,171,106,279
1988 $264,308,140 $38,472,742,808
1987 $235,253,065 $33,351,529,275
1986 $190,651,168 $31,899,070,056
1985 $137,728,205 $31,144,920,844
1984 $132,019,039 $31,151,825,467
1983 $138,476,176 $28,691,889,764
1982 $140,630,679 $30,725,971,564
1981 $139,468,209 $28,100,606,061
1980 $142,246,815 $23,654,444,444
1979 - $19,688,383,838
1978 - $17,811,515,152
1977 - $15,126,060,606
1976 - $13,168,080,808
1975 - $11,230,606,061
1974 - $8,899,191,919
1973 - $6,383,429,490
1972 - $9,415,016,360
1971 - $10,665,896,682
1970 - $10,027,509,450
1969 - $8,683,116,338
1968 - $8,041,999,160
1967 - $7,464,510,710
1966 - $6,561,108,778
1965 - $5,929,231,415
1964 - $5,204,955,901
1963 - $4,630,827,383
1962 - $4,310,163,797
1961 - $4,118,647,627
1960 - $3,749,265,015

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

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

GDP per capita in Cape Verde vs Pakistan by year

Cape Verde
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cape Verde Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,796 - $1,596 -
2024 $5,170 $11,195 $1,479 $6,252
2023 $4,795 $10,242 $1,360 $6,014
2022 $4,323 $9,481 $1,538 $5,920
2021 $3,971 $7,685 $1,455 $5,367
2020 $3,539 $6,853 $1,278 $5,048
2019 $4,381 $8,646 $1,390 $5,038
2018 $4,295 $7,916 $1,569 $4,979
2017 $3,893 $7,936 $1,519 $4,790
2016 $3,609 $7,351 $1,425 $4,631
2015 $3,415 $6,773 $1,380 $4,480
2014 $3,986 $6,417 $1,267 $4,313
2013 $3,961 $6,367 $1,225 $4,174
2012 $3,737 $6,318 $1,204 $4,047
2011 $4,002 $6,384 $1,132 $3,880
2010 $3,579 $6,039 $987 $3,786
2009 $3,660 $5,901 $964 $3,777
2008 $3,909 $6,011 $1,067 $3,721
2007 $3,325 $5,567 $998 $3,672
2006 $2,257 $4,758 $901 $3,515
2005 $2,004 $4,324 $828 $3,293
2004 $1,929 $3,969 $772 $3,048
2003 $1,718 $3,551 $672 $2,822
2002 $1,329 $3,388 $600 $2,688
2001 $1,223 $3,217 $610 $2,644
2000 $1,190 $3,124 $642 $2,565
1999 $1,327 $2,714 $418 $2,475
1998 $1,187 $2,443 $424 $2,419
1997 $1,134 $2,182 $438 $2,398
1996 $1,180 $1,963 $457 $2,401
1995 $1,165 $1,762 $451 $2,315
1994 $991 $1,540 $400 $2,224
1993 $1,220 $1,291 $408 $2,160
1992 $908 $1,186 $396 $2,132
1991 $832 $1,069 $380 $1,992
1990 $817 $1,044 $344 $1,895
1989 $727 - $358 -
1988 $729 - $354 -
1987 $658 - $317 -
1986 $541 - $314 -
1985 $396 - $317 -
1984 $385 - $327 -
1983 $410 - $311 -
1982 $423 - $345 -
1981 $425 - $328 -
1980 $440 - $287.4 -
1979 - - $249.2 -
1978 - - $233.4 -
1977 - - $204.7 -
1976 - - $183.9 -
1975 - - $161.7 -
1974 - - $132 -
1973 - - $97.5 -
1972 - - $148.1 -
1971 - - $172.5 -
1970 - - $166.7 -
1969 - - $148.5 -
1968 - - $141.6 -
1967 - - $135.2 -
1966 - - $122.2 -
1965 - - $113.6 -
1964 - - $102.5 -
1963 - - $93.7 -
1962 - - $89.5 -
1961 - - $87.8 -
1960 - - $82 -

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

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

Cape Verde's GDP per capita is $5,796, ranking 116/197, compared to $1,596 in Pakistan, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Cape Verde ranks 129th at $11,195, while Pakistan ranks 150th at $6,252.

Economic indicators

Cape Verde Pakistan
Gross domestic product
$3.06B
2025
$407B
2025
GDP rank
172/197
2025
41/197
2025
GDP growth
6.3%
2024-2025
3.7%
2024-2025
GDP per capita
$5,796
2025
$1,596
2025
GDP per capita rank
116/197
2025
164/197
2025
GDP per capita, PPP
$11,195
2024
$6,252
2024
GDP per capita PPP rank
129/197
2024
150/197
2024
Government debt
$3.09B
2025
$297B
2025
Debt-to-GDP ratio
101%
2025
72.8%
2025
Government debt per person
$5,854
2025
$1,162
2025
Government debt per person rank
77/185
2025
138/185
2025
Average annual personal income after taxes
$2,506
2026
$1,775
2026
Market capitalization of domestic companies n/a
$70.3B
2025
Income share by richest 10%
32.3%
2015
27.7%
2024
Income share by poorest 10%
2.2%
2015
3.4%
2024
Government expenditure, % of GDP
27%
2025
21.2%
2025
Consumer prices inflation
2.3%
2024-2025
3.55%
2024-2025
Central bank interest rate
1.5%
2024
11.5%
2026
Unemployment rate
11.3%
2019
6.96%
2025
Population
530853
261421997

Spending and national debt comparison by year

Cape Verde
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Cape Verde Pakistan
Government spending Government debt Government spending Government debt
2025 27% 101% 21.2% 72.8%
2024 26.1% 112.8% 19.4% 70.2%
2023 25.7% 117.5% 19.3% 78.5%
2022 26.6% 127.6% 20% 77.3%
2021 30.8% 149.5% 18.5% 74.7%
2020 34.5% 149.1% 20.3% 80.8%
2019 27.5% 109.8% 19.1% 78.7%
2018 27.5% 112.3% 19.1% 66.3%
2017 28% 113% 19.1% 62.1%
2016 26.6% 115.6% 17.7% 62.1%
2015 28.7% 115.7% 17.8% 59.1%
2014 27.8% 105.7% 18.1% 58.8%
2013 30.9% 93.5% 19.5% 59.2%
2012 31.6% 82.9% 19.4% 58.4%
2011 30.3% 71.6% 17.9% 56.2%
2010 35.7% 66.2% 18.3% 56.7%
2009 30.6% 58.8% 17.3% 54.6%
2008 27.6% 57.5% 18% 49.5%
2007 27.1% 59.6% 16.1% 44.2%
2006 28.4% 66.2% 14.5% 46.2%
2005 26.2% 66.7% 13% 47.9%
2004 26.3% 67.8% 12.1% 50.6%
2003 23.4% 65.6% 12.9% 56.3%
2002 28.5% 64.7% 14.4% 60.5%
2001 24.2% 62.2% 12.9% 65.1%
2000 36.7% 71.9% 13.8% 61.7%
1999 35% 66.4% 13.2% 60.7%
1998 29.8% 72.9% 14.1% 53.8%
1997 34.8% 79.3% 13.7% 52.8%
1996 38.9% 85.7% 15% 52.5%
1995 44.5% 74.3% 14% 52.3%
1994 48.1% 73.4% 14.5% 58.5%
1993 - - 17% 57.9%
1992 - - 22.6% 53.3%
1991 - - 21.4% 55.8%
1990 - - 23.9% 48.3%
1989 - - 26.1% 46.6%
1988 - - 27.9% 45%
1987 - - 29.5% 44.4%
1986 - - 27.6% 43.1%
1985 - - 28.3% 37%
1984 - - 25.4% 33.4%
1983 - - 24.8% 33.6%
1982 - - 24.5% 33.8%
1981 - - 21.6% 29.7%
1980 - - 22% 33.3%
1979 - - 25.3% 36.8%
1978 - - 25.5% 36.1%
1977 - - 20.4% 36.4%
1976 - - 21% 35.8%
1975 - - 20.4% 32.1%
1974 - - 15.3% 38%
1973 - - 13.9% 43.4%
1972 - - 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 - - 23.6% 31.6%
1969 - - 15.6% 29.1%
1968 - - 13.7% 27.5%
1967 - - 12.9% 25.9%
1966 - - 12.2% 25.1%
1965 - - 11.2% 22.7%
1964 - - 12.1% 21.3%
1963 - - 14.7% 19.2%
1962 - - 11.8% 16.6%
1961 - - 10.6% 19.6%
1960 - - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-07-08).

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

In 2025, Cape Verde's government spending was $827M, accounting for 27% of its GDP, while Pakistan spent $86.4B, or 21.2% of GDP.

Debt-to-GDP ratio is 101% in Cape Verde and 72.8% in Pakistan, ranking 23/185 and 53/185, respectively.

Government deficit by year

Deficit/surplus
Cape Verde

Pakistan
1x
Year Deficit/surplus, % of GDP
Cape Verde Pakistan
2025 1.06% -5.37%
2024 -1.07% -6.79%
2023 -0.28% -7.76%
2022 -4.25% -7.84%
2021 -7.51% -6.04%
2020 -9.29% -7.03%
2019 -1.62% -7.79%
2018 -2.36% -5.67%
2017 -2.63% -5.17%
2016 -2.73% -3.92%
2015 -4.16% -4.74%
2014 -6.93% -4.37%
2013 -8.49% -7.48%
2012 -9.36% -7.74%
2011 -6.98% -6.23%
2010 -9.6% -5.42%
2009 -5.32% -4.53%
2008 -1.42% -5.94%
2007 -0.86% -4.23%
2006 -4.32% -2.79%
2005 -4.69% -2.29%
2004 -2.98% -1.29%
2003 -3.63% -0.12%
2002 -6.14% -2.64%
2001 -5.03% -2.45%
2000 -15.5% -3.21%
1999 -10.9% -3.07%
1998 -3.16% -4.46%
1997 -10.2% -3.87%
1996 -11.2% -4.33%
1995 -11.1% -3.9%
1994 -12.8% -3.63%
1993 - -5.53%
1992 - -11.3%
1991 - -10.8%
1990 - -11.9%
1989 - -7.01%
1988 - -9.35%
1987 - -11.7%
1986 - -9.79%
1985 - -10.6%
1984 - -8.9%
1983 - -7.55%
1982 - -8.24%
1981 - -5.83%
1980 - -5.32%
1979 - -11.6%
1978 - -12.4%
1977 - -8.74%
1976 - -9.05%
1975 - -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 - -10.8%
1969 - -7.08%
1968 - -5.56%
1967 - -4.27%
1966 - -4.48%
1965 - -3.28%
1964 - -4.89%
1963 - -6.55%
1962 - -3.39%
1961 - -4.6%
1960 - -3.83%
1959 - -3.71%
1958 - -4.2%
1957 - -2.21%
1956 - -2.36%
1955 - -2%
1954 - -3.18%
1953 - -2.66%
1952 - -0.73%
1951 - 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-07-08).

GeoRank.org/economy/cape-verde/pakistan | 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 Pakistan's deficit of $21.9B, or 5.37% of GDP.

Over the past 32 years, Cape Verde recorded a fiscal deficit in 31 of those years, while Pakistan ran a deficit in 32 years. On average, Cape Verde posted an annual deficit equal to 5.8% of GDP, compared to deficit of 4.75% of GDP for Pakistan.

Inflation comparison by year

Inflation
Cape Verde

Pakistan
1x
Year Consumer prices inflation
Cape Verde Pakistan
2025 2.3% 3.55%
2024 1.1% 12.6%
2023 3.7% 30.8%
2022 7.9% 19.9%
2021 1.9% 9.5%
2020 0.6% 9.74%
2019 1.1% 10.6%
2018 1.3% 5.08%
2017 0.8% 4.09%
2016 -1.4% 3.77%
2015 0.1% 2.53%
2014 -0.2% 7.19%
2013 1.5% 7.69%
2012 2.5% 9.68%
2011 4.5% 11.9%
2010 2.1% 12.9%
2009 1% 13.6%
2008 6.8% 20.3%
2007 4.4% 7.6%
2006 4.8% 7.92%
2005 0.4% 9.06%
2004 -1.9% 7.44%
2003 1.2% 2.91%
2002 1.9% 3.29%
2001 3.7% 3.15%
2000 -2.4% 4.37%
1999 4.3% 4.14%
1998 4.4% 6.23%
1997 8.6% 11.4%

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

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

Over the past 29 years, Cape Verde has recorded an average annual inflation rate of 2.31%, compared with 9.07% in Pakistan. In 2025, inflation was 2.3% in Cape Verde and 3.55% in Pakistan.

Top exports between countries

Cape Verde
Export category Export value
Pakistan
Export category Export value
Raw agricultural goods $70K
Processed food, beverages & tobacco $8K
Machinery & equipment $5K
Textiles & consumer goods $3K

Balance of trade

Cape Verde Pakistan
Current account balance
$108M
2025
-$448M
2025
Current account balance ranking
63/190
2025
102/190
2025
Current account balance, % of GDP
+3.53%
2025
-0.11%
2025
Goods imports
$1.29B
2025
$62.6B
2025
Goods exports
$344M
2025
$31.5B
2025
Service imports
$350M
2025
$12B
2025
Service exports
$940M
2025
$9.09B
2025
Imports of goods and services, % of GDP
53.4%
2025
17.2%
2025
Exports of goods and services, % of GDP
42%
2025
9.99%
2025

Economic freedom indices

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

Cape Verde Pakistan
Economic freedom 71.4 48.9
Economic freedom ranking 32/197 168/197
Property rights 72.7 25.7
Government integrity 63.3 26.3
Judicial effectiveness 77.1 27.6
Tax burden 84.4 78.2
Government spending 79.5 88.5
Fiscal health 74.4 10.1
Business freedom 78.9 54.4
Labor freedom 59.5 51.7
Monetary freedom 80.4 54.1
Trade freedom 66.6 70.4
Investment freedom 60 60
Financial freedom 60 40

Economic freedom comparison by year

Cape Verde
Pakistan
1x
Year Economic freedom index
Cape Verde Pakistan
2026 71.4 48.9
2025 68.7 49.1
2024 62.9 49.5
2023 65.8 49.4
2022 66.7 48.8
2021 63.8 51.7
2020 63.6 54.8
2019 63.1 55
2018 60 54.4
2017 56.9 52.8
2016 66.5 55.9
2015 66.4 55.6
2014 66.1 55.2
2013 63.7 55.1
2012 63.5 54.7
2011 64.6 55.1
2010 61.8 55.2
2009 61.3 57
2008 57.9 55.6
2007 56.5 57.2
2006 58.6 57.9
2005 57.8 53.3
2004 58.1 54.9
2003 56.1 55
2002 57.6 55.8
2001 56.3 56
2000 51.9 56.4
1999 50.7 53
1998 48 53.2
1997 47.7 56
1996 49.7 58.4
1995 - 57.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Cape Verde is 71.4, ranking 32/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cape Verde Pakistan
Services, % of GDP
67.9%
2025
50.9%
2025
Industry, % of GDP
10.7%
2025
20.1%
2025
Agriculture, forestry, and fishing, % of GDP
5.04%
2025
23%
2025
GNI, Atlas method
$2.95B
2025
$382B
2025
GNI per capita, PPP
$12,010
2025
$6,430
2025
Total reserves including gold
$1.26B
2025
$26.5B
2025
Total reserves ranking
138/177
2025
62/177
2025
Net foreign direct investment
-$130M
2025
-$1.58B
2025
Net inflows of foreign direct investment
$110M
2024
$2.66B
2024
Net outflows of foreign direct investment
$20.8M
2024
$84M
2024
Servicing debt to the IMF, % of GNI
5.72%
2024
4.5%
2024
Poverty at national poverty lines
24.8%
2023
21.9%
2018
Gross capital formation, % of GDP
17.4%
2025
14.3%
2025

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/pakistan | 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 (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.