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Cape Verde vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Singapore and Cape Verde ranked 76th vs 94th and 10th vs 125th, respectively.

Gross Domestic Product & Income

StatCape VerdeSingapore
GDP$2B$364.2B
GDP growth, 1 year4.7%3.2%
GDP growth, 5-years average3%3.3%
Population546k5.9M
GDP per capita$3.6k$65k
GDP per capita growth3.87%2.66%
Purchasing Power Parity conversion factor45.560.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.64
GDP per capita, PPP adjusted$7.3k$100k
GNI, Atlas method$1.9B$331.4B
GNI per capita$3.4k$59k
GNI, PPP adjusted$4B$533.8B
GNI per capita, PPP adjusted$7.3k$95k

Financial system and Human development

StatCape VerdeSingapore
Income Tax Rate50%22%
Corporate Tax Rate30%17%
Inflation, consumer prices2.2%0.4%
Inflation, GDP deflator1.5%1.9%
Unemployment12.3%3.8%
Economic Freedom Index63.689.4
Personal Freedom Index8.337.44
Human Freedom Index7.48.1
Property Rights Index47.596.8
Judical Effectiveness Index4892.9
Business Freedom Index58.592.8
Fiscal Health Index66.280
Labor Freedom Index55.690.9
Investment Freedom Index8085
Financial Freedom Index6080
Trade Freedom Index68.294.8
Monetary Freedom Index83.185.6
Government Spending Index71.791.1
Tax Burden Index77.790.3
Government Integrity Index46.192.4
Corruption Perceptions Index5785
Life expectancy at birth, years72.682.9
Suicide mortality rate, per 100,000 people11.39.9
Mortality caused by road traffic injury, per 100,000 people252.8
Intentional homicides, per 100,000 people11.50.2
International tourism, number of arrivals710k14.7M

Government debt & reserves

StatCape VerdeSingapore
Central government debt, % of GDP127.7%108.3%
External debt stocks, % of GNI89.3%N/A
External debt stocks$1.7BN/A
Short-term debt, % of total reserves0.2%N/A
Total debt service, % of exports and primary income5.6%N/A
Adjusted net savings including particulate emission damage, % of GNI11.7%36.8%
Gross savings, % of GDP34.7%45.8%
Gross capital formation, % of GDP40.4%26.6%
Total reserves including gold$606.4M$292.7B
Foreign direct investment net inflows$108M$82B

Exports, imports and economic structure

StatCape VerdeSingapore
Exports of goods and services, % of GDP48.8%176.4%
Imports of goods and services, % of GDP68.2%149.8%
Current account balance (balance of payments)-$94.5M$65.1B
Revenue excluding grants, % of GDP28.8%18.8%
Grants excluding technical cooperation, BoP$42.5M$1.6M
Personal remittances received$233.5MN/A
Industry including construction value added, % of GDP19.2%25.2%
Agriculture, forestry and fishing value added, % of GDP5.3%0%
Charges for the use of intellectual property, payments BoP$11.3M$15.2B
Charges for the use of intellectual property, receipts BoP$47k$8.7B
Expense, % of GDP28.4%15.2%
Government Expenditure, % of GDP30.7%17.2%

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
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
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
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k
Tuvalu
$3.7k
9.88k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
754k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
101M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
850k
Papua New Guinea
$2.7k
7.32M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.77M

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k