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Cape Verde vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Spain and Cape Verde ranked 104th vs 94th and 34th vs 125th, respectively.

Gross Domestic Product & Income

StatCape VerdeSpain
GDP$2B$1.4T
GDP growth, 1 year4.7%2.5%
GDP growth, 5-years average3%2.7%
Population546k46.5M
GDP per capita$3.6k$30k
GDP per capita growth3.87%2.07%
Purchasing Power Parity conversion factor45.560.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.76
GDP per capita, PPP adjusted$7.3k$40k
GNI, Atlas method$1.9B$1.4T
GNI per capita$3.4k$29k
GNI, PPP adjusted$4B$1.9T
GNI per capita, PPP adjusted$7.3k$40k

Financial system and Human development

StatCape VerdeSpain
Income Tax Rate50%45%
Corporate Tax Rate30%25%
Inflation, consumer prices2.2%1.7%
Inflation, GDP deflator1.5%1.1%
Unemployment12.3%15.5%
Economic Freedom Index63.666.9
Personal Freedom Index8.338.95
Human Freedom Index7.48.22
Property Rights Index47.574.9
Judical Effectiveness Index4851.8
Business Freedom Index58.566.8
Fiscal Health Index66.262.6
Labor Freedom Index55.657.7
Investment Freedom Index8085
Financial Freedom Index6070
Trade Freedom Index68.286.4
Monetary Freedom Index83.182
Government Spending Index71.748.3
Tax Burden Index77.762.1
Government Integrity Index46.155.1
Corruption Perceptions Index5758
Life expectancy at birth, years72.683.3
Suicide mortality rate, per 100,000 people11.38.7
Mortality caused by road traffic injury, per 100,000 people254.1
Intentional homicides, per 100,000 people11.50.7
International tourism, number of arrivals710k82.8M

Government debt & reserves

StatCape VerdeSpain
Central government debt, % of GDP127.7%97%
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%9.1%
Gross savings, % of GDP34.7%22.3%
Gross capital formation, % of GDP40.4%20.4%
Total reserves including gold$606.4M$70.6B
Foreign direct investment net inflows$108M$49.1B

Exports, imports and economic structure

StatCape VerdeSpain
Exports of goods and services, % of GDP48.8%35.1%
Imports of goods and services, % of GDP68.2%32.4%
Current account balance (balance of payments)-$94.5M$27.3B
Revenue excluding grants, % of GDP28.8%15.7%
Grants excluding technical cooperation, BoP$42.5MN/A
Personal remittances received$233.5M$3.4B
Industry including construction value added, % of GDP19.2%20%
Agriculture, forestry and fishing value added, % of GDP5.3%2.8%
Charges for the use of intellectual property, payments BoP$11.3M$6.6B
Charges for the use of intellectual property, receipts BoP$47k$2.5B
Expense, % of GDP28.4%18.8%
Government Expenditure, % of GDP30.7%41.5%

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

Spain vs

CountryGDP
per capita
Population
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
Brunei
$32k
418k
South Korea
$31k
51.1M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k
Lithuania
$19k
2.79M