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Economy of Cape Verde vs Palestine compared: GDP & Debt

Updated on by Georank

Cape Verde has a GDP of $3.06B compared to $17.2B for Palestine, ranking 172/197 and 141/197 by economy size, respectively.

Cape Verde vs Palestine GDP by year

Cape Verde
Palestine
1x
Year GDP, current $
Cape Verde Palestine
2025 $3,056,630,435 $17,167,100,000
2024 $2,713,721,857 $16,016,900,000
2023 $2,504,525,538 $18,635,100,000
2022 $2,247,003,344 $19,165,500,000
2021 $2,051,842,619 $18,109,000,000
2020 $1,821,565,614 $15,531,700,000
2019 $2,252,177,124 $17,133,500,000
2018 $2,205,099,507 $16,276,600,000
2017 $1,996,741,540 $16,128,000,000
2016 $1,849,789,986 $15,405,400,000
2015 $1,749,857,620 $13,972,400,000
2014 $2,041,930,125 $13,989,700,000
2013 $2,028,910,915 $13,515,500,000
2012 $1,913,081,210 $12,208,400,000
2011 $2,046,817,987 $11,186,100,000
2010 $1,824,751,468 $9,681,500,000
2009 $1,852,334,575 $8,085,700,000
2008 $1,959,620,648 $7,310,400,000
2007 $1,649,621,739 $5,815,700,000
2006 $1,107,571,458 $5,348,300,000
2005 $972,241,677 $5,125,700,000
2004 $924,940,012 $4,603,100,000
2003 $813,260,469 $3,968,000,000
2002 $620,507,387 $3,555,800,000
2001 $563,090,490 $4,003,700,000
2000 $539,227,278 $4,313,600,000
1999 $592,416,703 $4,271,200,000
1998 $521,910,561 $4,067,800,000
1997 $490,608,658 $3,759,800,000
1996 $501,979,270 $3,409,600,000
1995 $487,148,994 $3,282,800,000
1994 $406,580,652 $2,843,300,000
1993 $490,417,390 -
1992 $357,160,985 -
1991 $319,827,059 -
1990 $306,890,963 -
1989 $267,448,571 -
1988 $264,308,140 -
1987 $235,253,065 -
1986 $190,651,168 -
1985 $137,728,205 -
1984 $132,019,039 -
1983 $138,476,176 -
1982 $140,630,679 -
1981 $139,468,209 -
1980 $142,246,815 -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

GDP per capita in Cape Verde vs Palestine by year

Cape Verde
GDP per capita

GDP per capita, PPP
Palestine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cape Verde Palestine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,796 - $3,171 -
2024 $5,170 $11,195 $3,028 $4,371
2023 $4,795 $10,242 $3,607 $5,950
2022 $4,323 $9,481 $3,800 $6,163
2021 $3,971 $7,685 $3,679 $5,663
2020 $3,539 $6,853 $3,234 $5,956
2019 $4,381 $8,646 $3,657 $6,508
2018 $4,295 $7,916 $3,562 $6,216
2017 $3,893 $7,936 $3,620 $6,107
2016 $3,609 $7,351 $3,528 $6,062
2015 $3,415 $6,773 $3,272 $5,770
2014 $3,986 $6,417 $3,352 $5,382
2013 $3,961 $6,367 $3,315 $5,288
2012 $3,737 $6,318 $3,067 $5,215
2011 $4,002 $6,384 $2,881 $4,495
2010 $3,579 $6,039 $2,557 $4,121
2009 $3,660 $5,901 $2,192 $3,950
2008 $3,909 $6,011 $2,035 $3,713
2007 $3,325 $5,567 $1,664 $3,486
2006 $2,257 $4,758 $1,570 $3,354
2005 $2,004 $4,324 $1,544 $3,372
2004 $1,929 $3,969 $1,422 $3,014
2003 $1,718 $3,551 $1,258 $2,469
2002 $1,329 $3,388 $1,156 $2,179
2001 $1,223 $3,217 $1,336 $2,515
2000 $1,190 $3,124 $1,476 $2,783
1999 $1,327 $2,714 $1,499 $3,052
1998 $1,187 $2,443 $1,465 $2,852
1997 $1,134 $2,182 $1,389 $2,530
1996 $1,180 $1,963 $1,317 $2,269
1995 $1,165 $1,762 $1,327 $2,302
1994 $991 $1,540 $1,202 $2,201
1993 $1,220 $1,291 - -
1992 $908 $1,186 - -
1991 $832 $1,069 - -
1990 $817 $1,044 - -
1989 $727 - - -
1988 $729 - - -
1987 $658 - - -
1986 $541 - - -
1985 $396 - - -
1984 $385 - - -
1983 $410 - - -
1982 $423 - - -
1981 $425 - - -
1980 $440 - - -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

Cape Verde's GDP per capita is $5,796, ranking 116/197, compared to $3,171 in Palestine, ranking 141/197. Adjusted for purchasing power (GDP per capita PPP), Cape Verde ranks 129th at $11,195, while Palestine ranks 164th at $4,371.

Economic indicators

Cape Verde Palestine
Gross domestic product
$3.06B
2025
$17.2B
2025
GDP rank
172/197
2025
141/197
2025
GDP growth
6.3%
2024-2025
4.34%
2024-2025
GDP per capita
$5,796
2025
$3,171
2025
GDP per capita rank
116/197
2025
141/197
2025
GDP per capita, PPP
$11,195
2024
$4,371
2024
GDP per capita PPP rank
129/197
2024
164/197
2024
Government debt
$3.09B
2025
n/a
Debt-to-GDP ratio
101%
2025
n/a
Government debt per person
$5,854
2025
n/a
Government debt per person rank
77/185
2025
n/a
Average annual personal income after taxes
$2,506
2026
$1,385
2026
Market capitalization of domestic companies n/a
$4.94B
2025
Income share by richest 10%
32.3%
2015
27.1%
2023
Income share by poorest 10%
2.2%
2015
2.5%
2023
Government expenditure, % of GDP
27%
2025
20%
2026
Consumer prices inflation
2.3%
2024-2025
9.81%
2024-2025
Central bank interest rate
1.5%
2024
n/a
Unemployment rate
11.3%
2019
28.7%
2025
Population
530853
5563879

Inflation comparison by year

Inflation
Cape Verde

Palestine
1x
Year Consumer prices inflation
Cape Verde Palestine
2025 2.3% 9.81%
2024 1.1% 53.7%
2023 3.7% 5.87%
2022 7.9% 3.74%
2021 1.9% 1.24%
2020 0.6% -0.74%
2019 1.1% 1.58%
2018 1.3% -0.2%
2017 0.8% 0.21%
2016 -1.4% -0.22%
2015 0.1% 1.43%
2014 -0.2% 1.73%
2013 1.5% 1.72%
2012 2.5% 2.78%
2011 4.5% 2.88%
2010 2.1% 3.75%
2009 1% 2.75%
2008 6.8% 9.89%
2007 4.4% 1.86%
2006 4.8% 3.84%
2005 0.4% 4.11%
2004 -1.9% 3%
2003 1.2% 4.4%
2002 1.9% 5.71%
2001 3.7% 1.22%
2000 -2.4% 2.8%
1999 4.3% 5.54%
1998 4.4% 5.58%
1997 8.6% 7.09%

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/palestine | CC BY

Over the past 29 years, Cape Verde has recorded an average annual inflation rate of 2.31%, compared with 5.07% in Palestine. In 2025, inflation was 2.3% in Cape Verde and 9.81% in Palestine.

Balance of trade

Cape Verde Palestine
Current account balance
$108M
2025
-$2.72B
2025
Current account balance ranking
63/190
2025
150/190
2025
Current account balance, % of GDP
+3.53%
2025
-15.8%
2025
Goods imports
$1.29B
2025
$7.84B
2025
Goods exports
$344M
2025
$3.01B
2025
Service imports
$350M
2025
$1.38B
2025
Service exports
$940M
2025
$607M
2025
Imports of goods and services, % of GDP
53.4%
2025
53.5%
2025
Exports of goods and services, % of GDP
42%
2025
21.2%
2025

Economic freedom indices

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

Cape Verde Palestine
Economic freedom 71.4 30
Economic freedom ranking 32/197 192/197
Property rights 72.7 n/a
Government integrity 63.3 n/a
Judicial effectiveness 77.1 n/a
Tax burden 84.4 n/a
Government spending 79.5 n/a
Fiscal health 74.4 n/a
Business freedom 78.9 n/a
Labor freedom 59.5 n/a
Monetary freedom 80.4 n/a
Trade freedom 66.6 n/a
Investment freedom 60 n/a
Financial freedom 60 n/a

Other economic metrics

Cape Verde Palestine
Services, % of GDP
67.9%
2025
60.2%
2024
Industry, % of GDP
10.7%
2025
16.3%
2024
Agriculture, forestry, and fishing, % of GDP
5.04%
2025
5.52%
2024
GNI, Atlas method
$2.95B
2025
$17.6B
2025
GNI per capita, PPP
$12,010
2025
$5,310
2025
Total reserves including gold
$1.26B
2025
$1.83B
2025
Total reserves ranking
138/177
2025
129/177
2025
Net foreign direct investment
-$130M
2025
-$315M
2025
Net inflows of foreign direct investment
$110M
2024
$162M
2024
Net outflows of foreign direct investment
$20.8M
2024
$10.7M
2024
Servicing debt to the IMF, % of GNI
5.72%
2024
n/a
Poverty at national poverty lines
24.8%
2023
32.8%
2023
Gross capital formation, % of GDP
17.4%
2025
25.6%
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/palestine | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. 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.