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Economy of Cape Verde vs Tajikistan compared: GDP & Debt

Updated on by Georank team

Cape Verde has a GDP of $2.73B compared to $14.2B for Tajikistan, ranking 172/197 and 145/197 by economy size, respectively.

Cape Verde has $3.03B in government debt (111.2% of GDP), compared to $3.54B (24.9% of GDP) in Tajikistan.

Cape Verde vs Tajikistan GDP by year

Cape Verde
Tajikistan
1x
Year GDP, current $
Cape Verde Tajikistan
2024 $2,725,414,151 $14,204,575,549
2023 $2,504,525,549 $12,244,169,293
2022 $2,247,003,344 $10,713,525,200
2021 $2,051,842,619 $8,937,805,347
2020 $1,821,565,614 $8,133,963,551
2019 $2,252,177,124 $8,300,813,599
2018 $2,205,099,507 $7,764,999,999
2017 $1,996,741,540 $7,536,402,853
2016 $1,849,789,986 $6,992,416,097
2015 $1,749,857,620 $8,271,431,485
2014 $2,041,930,125 $9,112,605,459
2013 $2,028,910,915 $8,448,411,318
2012 $1,913,081,210 $7,633,036,903
2011 $2,046,817,987 $6,522,756,255
2010 $1,824,751,468 $5,642,221,099
2009 $1,852,334,575 $4,979,472,364
2008 $1,959,620,648 $5,161,299,725
2007 $1,649,621,739 $3,719,524,541
2006 $1,107,571,458 $2,830,213,849
2005 $972,241,677 $2,312,352,021
2004 $924,940,012 $2,076,176,869
2003 $813,260,469 $1,555,318,261
2002 $620,507,387 $1,221,106,220
2001 $563,090,490 $1,080,772,551
2000 $539,227,278 $860,541,842
1999 $592,416,703 $1,086,612,290
1998 $521,910,561 $1,320,199,582
1997 $490,608,658 $921,518,033
1996 $501,979,270 $1,043,654,822
1995 $487,148,994 $1,231,561,860
1994 $406,580,652 $1,522,001,206
1993 $490,417,390 $1,646,623,195
1992 $357,160,985 $1,908,554,572
1991 $319,827,059 $2,536,585,366
1990 $306,890,963 $2,629,395,066
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 (1980–2024, retrieved 2026-04-06).

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

GDP per capita in Cape Verde vs Tajikistan by year

Cape Verde
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cape Verde Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,192 $11,195 $1,341 $5,406
2023 $4,795 $10,242 $1,178 $4,964
2022 $4,323 $9,481 $1,052 $4,514
2021 $3,971 $7,685 $897 $3,986
2020 $3,539 $6,853 $834 $3,654
2019 $4,381 $8,646 $871 $3,460
2018 $4,295 $7,916 $834 $3,069
2017 $3,893 $7,936 $829 $3,017
2016 $3,609 $7,351 $789 $2,914
2015 $3,415 $6,773 $957 $2,975
2014 $3,986 $6,417 $1,082 $3,152
2013 $3,961 $6,367 $1,028 $2,919
2012 $3,737 $6,318 $952 $2,679
2011 $4,002 $6,384 $834 $2,456
2010 $3,579 $6,039 $737 $2,291
2009 $3,660 $5,901 $665 $2,171
2008 $3,909 $6,011 $703 $2,120
2007 $3,325 $5,567 $517 $1,966
2006 $2,257 $4,758 $401 $1,810
2005 $2,004 $4,324 $334 $1,673
2004 $1,929 $3,969 $306 $1,550
2003 $1,718 $3,551 $233.6 $1,396
2002 $1,329 $3,388 $187 $1,257
2001 $1,223 $3,217 $168.7 $1,139
2000 $1,190 $3,124 $136.9 $1,036
1999 $1,327 $2,714 $175 $947
1998 $1,187 $2,443 $213.7 $905
1997 $1,134 $2,182 $150.1 $855
1996 $1,180 $1,963 $172 $836
1995 $1,165 $1,762 $207 $1,006
1994 $991 $1,540 $261.3 $1,148
1993 $1,220 $1,291 $287.6 $1,454
1992 $908 $1,186 $338 $1,721
1991 $832 $1,069 $458 $2,417
1990 $817 $1,044 $487 $2,583
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 (1980–2024, retrieved 2026-04-06).

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

Cape Verde's GDP per capita is $5,192, ranking 118/197, compared to $1,341 in Tajikistan, ranking 166/197. Adjusted for purchasing power (GDP per capita PPP), Cape Verde ranks 129th at $11,195, while Tajikistan ranks 157th at $5,406.

Economic indicators

Cape Verde Tajikistan
Gross domestic product
$2.73B
2024
$14.2B
2024
GDP rank
172/197
2024
145/197
2024
GDP growth
7.24%
2023-2024
8.4%
2023-2024
GDP per capita
$5,192
2024
$1,341
2024
GDP per capita rank
118/197
2024
166/197
2024
GDP per capita, PPP
$11,195
2024
$5,406
2024
GDP per capita PPP rank
129/197
2024
157/197
2024
Government debt
$3.03B
2024
$3.54B
2024
Debt-to-GDP ratio
111.2%
2024
24.9%
2024
Government debt per person
$5,776
2024
$335
2024
Government debt per person rank
76/185
2024
175/185
2024
Average annual personal income after taxes
$2,576
2026
$2,591
2026
Income share by richest 10%
32.3%
2015
28.2%
2024
Income share by poorest 10%
2.2%
2015
2.9%
2024
Government expenditure, % of GDP
26.1%
2024
27.7%
2024
Consumer prices inflation
1%
2023-2024
3.5%
2023-2024
Central bank interest rate
1.5%
2024
7.75%
2025
Unemployment rate
11.3%
2019
0.08%
2016
Population
530391
11038274

Spending and national debt comparison by year

Cape Verde
Spending

Debt
Tajikistan
Spending

Debt
1x
Year % of GDP
Cape Verde Tajikistan
Government spending Government debt Government spending Government debt
2024 26.1% 111.2% 27.7% 24.9%
2023 25.7% 117.5% 28% 29.9%
2022 26.6% 127.6% 27.4% 31.8%
2021 30.8% 149.5% 27.6% 42%
2020 34.5% 144.3% 29.2% 50.9%
2019 27.5% 109.8% 28.8% 43.2%
2018 27.5% 112.3% 30.9% 46.3%
2017 28% 113% 33.8% 46.3%
2016 26.6% 115.6% 32.7% 42.2%
2015 28.7% 115.7% 31.9% 35%
2014 27.8% 105.7% 27.5% 27.9%
2013 30.9% 93.5% 27.7% 29.3%
2012 31.6% 82.9% 24.7% 32.5%
2011 30.3% 71.6% 24.3% 35.5%
2010 35.7% 73.5% 25.9% 36.8%
2009 30.6% 58.8% 23.6% 36.9%
2008 27.6% 57.5% 20.2% 30.2%
2007 27.1% 59.6% 20.3% 34.3%
2006 28.4% 66.2% 21.6% 36.8%
2005 26.2% 66.7% 22.9% 45.8%
2004 26.3% 67.8% 20.2% 49.4%
2003 23.4% 65.6% 19.1% 69.8%
2002 28.5% 64.7% 19.1% 98.3%
2001 24.2% 62.2% 17.3% 99.4%
2000 36.7% 71.9% 18.1% 111.4%
1999 35% 66.4% 17.5% 107.8%
1998 29.8% 72.9% 17.1% 96.6%
1997 34.8% 79.3% - -
1996 38.9% 85.7% - -
1995 44.5% 74.3% - -
1994 48.1% 73.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1996, retrieved 2026-02-20).

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

In 2024, Cape Verde's government spending was $711M, accounting for 26.1% of its GDP, while Tajikistan spent $3.93B, or 27.7% of GDP.

Debt-to-GDP ratio is 111.2% in Cape Verde and 24.9% in Tajikistan, ranking 16/185 and 166/185, respectively.

Government deficit by year

Deficit/surplus
Cape Verde

Tajikistan
1x
Year Deficit/surplus, % of GDP
Cape Verde Tajikistan
2024 -1.07% 0.28%
2023 -0.28% -0.93%
2022 -4.25% -0.23%
2021 -7.51% -0.64%
2020 -9.29% -4.34%
2019 -1.62% -2.04%
2018 -2.36% -2.69%
2017 -2.63% -5.65%
2016 -2.73% -2.91%
2015 -4.16% -1.96%
2014 -6.93% 0.92%
2013 -8.49% -0.73%
2012 -9.36% 0.41%
2011 -6.98% 0.6%
2010 -9.6% -2.71%
2009 -5.32% -0.2%
2008 -1.42% 1.94%
2007 -0.86% 2.13%
2006 -4.32% 2%
2005 -4.69% -2.83%
2004 -2.98% -2.32%
2003 -3.63% -1.74%
2002 -6.14% -2.4%
2001 -5.03% -2.11%
2000 -15.5% -4.51%
1999 -10.9% -4.03%
1998 -3.16% -5.09%
1997 -10.2% -
1996 -11.2% -
1995 -11.1% -
1994 -12.8% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

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

In 2024, Cape Verde's government deficit, the difference between spending and revenue, was $29.1M, equivalent to 1.07% of GDP. This compares to Tajikistan's surplus of $39.2M, or 0.28% of GDP.

Over the past 27 years, Cape Verde recorded a fiscal deficit in 27 of those years, while Tajikistan ran a deficit in 20 years. On average, Cape Verde posted an annual deficit equal to 5.23% of GDP, compared to deficit of 1.55% of GDP for Tajikistan.

Inflation comparison by year

Inflation
Cape Verde

Tajikistan
1x
Year Consumer prices inflation
Cape Verde Tajikistan
2024 1% 3.5%
2023 3.7% 3.7%
2022 7.9% 6.6%
2021 1.9% 9%
2020 0.6% 8.6%
2019 1.1% 7.8%
2018 1.3% 3.8%
2017 0.8% 7.3%
2016 -1.4% 5.9%
2015 0.1% 5.8%
2014 -0.2% 6.1%
2013 1.5% 5%
2012 2.5% 5.8%
2011 4.5% 12.4%
2010 2.1% 6.5%
2009 1% 6.4%
2008 6.8% 20.4%
2007 4.4% 13.2%
2006 4.8% 10%
2005 0.4% 7.3%
2004 -1.9% 7.2%
2003 1.2% 16.4%
2002 1.9% 12.2%
2001 3.7% 38.6%
2000 -2.4% 32.9%
1999 4.3% 27.5%
1998 4.4% 43.2%
1997 8.6% 88%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Cape Verde has recorded an average annual inflation rate of 2.31%, compared with 15% in Tajikistan. In 2024, inflation was 1% in Cape Verde and 3.5% in Tajikistan.

Balance of trade

Cape Verde Tajikistan
Current account balance
$107M
2024
$887M
2024
Current account balance ranking
67/190
2024
54/190
2024
Current account balance, % of GDP
+3.91%
2024
+6.24%
2024
Goods imports
$1.17B
2024
$5.94B
2024
Goods exports
$328M
2024
$1.42B
2024
Service imports
$298M
2024
$971M
2024
Service exports
$830M
2024
$195M
2024
Imports of goods and services, % of GDP
54%
2024
48.4%
2023
Exports of goods and services, % of GDP
42.5%
2024
17.2%
2023

Economic freedom indices

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

Cape Verde Tajikistan
Economic freedom 71.4 52.5
Economic freedom ranking 32/197 147/197
Property rights 72.7 28.4
Government integrity 63.3 18.5
Judicial effectiveness 77.1 10.1
Tax burden 84.4 94.2
Government spending 79.5 77
Fiscal health 74.4 98.6
Business freedom 78.9 60.6
Labor freedom 59.5 43.4
Monetary freedom 80.4 72.6
Trade freedom 66.6 72.2
Investment freedom 60 25
Financial freedom 60 30

Economic freedom comparison by year

Cape Verde
Tajikistan
1x
Year Economic freedom index
Cape Verde Tajikistan
2026 71.4 52.5
2025 68.7 51.5
2024 62.9 51.3
2023 65.8 50.6
2022 66.7 49.7
2021 63.8 55.2
2020 63.6 52.2
2019 63.1 55.6
2018 60 58.3
2017 56.9 58.2
2016 66.5 51.3
2015 66.4 52.7
2014 66.1 52
2013 63.7 53.4
2012 63.5 53.4
2011 64.6 53.5
2010 61.8 53
2009 61.3 54.6
2008 57.9 54.4
2007 56.5 53.6
2006 58.6 52.6
2005 57.8 50.4
2004 58.1 48.7
2003 56.1 46.5
2002 57.6 47.3
2001 56.3 46.8
2000 51.9 44.8
1999 50.7 41.2
1998 48 41.1
1997 47.7 -
1996 49.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Cape Verde is 71.4, ranking 32/197, compared to 52.5 for Tajikistan, ranking 147/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cape Verde Tajikistan
Services, % of GDP
68.7%
2024
34.7%
2023
Industry, % of GDP
10.7%
2024
33.6%
2023
Agriculture, forestry, and fishing, % of GDP
4.92%
2024
22.9%
2023
GNI, Atlas method
$2.6B
2024
$17.5B
2024
GNI per capita, PPP
$11,000
2024
$7,100
2024
Total reserves including gold
$783M
2024
$3.3B
2023
Total reserves ranking
144/177
2024
117/177
2023
Net foreign direct investment
-$89.2M
2024
-$190M
2024
Net inflows of foreign direct investment
$110M
2024
$291M
2024
Net outflows of foreign direct investment
$20.8M
2024
$101M
2024
Servicing debt to the IMF, % of GNI
5.69%
2024
3.07%
2024
Poverty at national poverty lines
24.8%
2023
19.8%
2024
Gross capital formation, % of GDP
16.4%
2024
31.7%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1994–1996, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.