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Cape Verde vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, South Africa and Cape Verde ranked 151st vs 94th and 95th vs 125th, respectively.

Gross Domestic Product & Income

StatCape VerdeSouth Africa
GDP$2B$368.3B
GDP growth, 1 year4.7%0.8%
GDP growth, 5-years average3%1.1%
Population546k57.7M
GDP per capita$3.6k$6.4k
GDP per capita growth3.87%-0.57%
Purchasing Power Parity conversion factor45.566.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.47
GDP per capita, PPP adjusted$7.3k$14k
GNI, Atlas method$1.9B$332.3B
GNI per capita$3.4k$5.8k
GNI, PPP adjusted$4B$765.8B
GNI per capita, PPP adjusted$7.3k$13k

Financial system and Human development

StatCape VerdeSouth Africa
Income Tax Rate50%45%
Corporate Tax Rate30%28%
Inflation, consumer prices2.2%4.6%
Inflation, GDP deflator1.5%3.9%
Unemployment12.3%27%
Economic Freedom Index63.658.8
Personal Freedom Index8.336.92
Human Freedom Index7.46.78
Property Rights Index47.558.4
Judical Effectiveness Index4838
Business Freedom Index58.562
Fiscal Health Index66.264
Labor Freedom Index55.658.8
Investment Freedom Index8045
Financial Freedom Index6050
Trade Freedom Index68.275.8
Monetary Freedom Index83.175.9
Government Spending Index71.767.4
Tax Burden Index77.763.7
Government Integrity Index46.146.6
Corruption Perceptions Index5743
Life expectancy at birth, years72.663.5
Suicide mortality rate, per 100,000 people11.311.6
Mortality caused by road traffic injury, per 100,000 people2525.9
Intentional homicides, per 100,000 people11.535.9
International tourism, number of arrivals710k10.5M

Government debt & reserves

StatCape VerdeSouth Africa
Central government debt, % of GDP127.7%56.7%
External debt stocks, % of GNI89.3%50.6%
External debt stocks$1.7B$179.3B
Short-term debt, % of total reserves0.2%70.9%
Total debt service, % of exports and primary income5.6%19.9%
Adjusted net savings including particulate emission damage, % of GNI11.7%0.6%
Gross savings, % of GDP34.7%14.9%
Gross capital formation, % of GDP40.4%17.9%
Total reserves including gold$606.4M$51.6B
Foreign direct investment net inflows$108M$5.5B

Exports, imports and economic structure

StatCape VerdeSouth Africa
Exports of goods and services, % of GDP48.8%29.9%
Imports of goods and services, % of GDP68.2%29.6%
Current account balance (balance of payments)-$94.5M-$13.4B
Revenue excluding grants, % of GDP28.8%30.9%
Grants excluding technical cooperation, BoP$42.5M$817.9M
Personal remittances received$233.5M$929M
Industry including construction value added, % of GDP19.2%25.9%
Agriculture, forestry and fishing value added, % of GDP5.3%2.2%
Charges for the use of intellectual property, payments BoP$11.3M$1.8B
Charges for the use of intellectual property, receipts BoP$47k$120.7M
Expense, % of GDP28.4%34.4%
Government Expenditure, % of GDP30.7%33%

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

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M