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Economy of Cape Verde vs Tunisia compared: GDP & Debt

Updated on by Georank

Cape Verde has a GDP of $3.06B compared to $57.5B for Tunisia, ranking 172/197 and 93/197 by economy size, respectively.

Cape Verde has $3.09B in government debt (101% of GDP), compared to $46.7B (81.3% of GDP) in Tunisia.

Cape Verde vs Tunisia GDP by year

Cape Verde
Tunisia
1x
Year GDP, current $
Cape Verde Tunisia
2025 $3,056,630,435 $57,502,836,548
2024 $2,713,721,857 $51,412,122,480
2023 $2,504,525,538 $48,205,328,303
2022 $2,247,003,344 $44,929,920,093
2021 $2,051,842,619 $47,073,234,359
2020 $1,821,565,614 $42,491,780,918
2019 $2,252,177,124 $41,905,642,419
2018 $2,205,099,507 $42,686,504,460
2017 $1,996,741,540 $42,163,530,591
2016 $1,849,789,986 $44,360,072,680
2015 $1,749,857,620 $45,779,494,042
2014 $2,041,930,125 $50,271,812,921
2013 $2,028,910,915 $48,685,446,414
2012 $1,913,081,210 $47,311,401,813
2011 $2,046,817,987 $48,123,325,825
2010 $1,824,751,468 $46,206,091,938
2009 $1,852,334,575 $43,455,740,497
2008 $1,959,620,648 $44,859,439,902
2007 $1,649,621,739 $38,915,353,867
2006 $1,107,571,458 $34,376,664,601
2005 $972,241,677 $32,272,186,695
2004 $924,940,012 $31,183,885,241
2003 $813,260,469 $27,453,902,261
2002 $620,507,387 $23,141,616,605
2001 $563,090,490 $22,065,832,449
2000 $539,227,278 $21,473,528,161
1999 $592,416,703 $22,943,202,175
1998 $521,910,561 $21,802,893,587
1997 $490,608,658 $20,746,210,354
1996 $501,979,270 $19,587,161,807
1995 $487,148,994 $18,030,876,599
1994 $406,580,652 $15,633,174,304
1993 $490,417,390 $14,608,335,608
1992 $357,160,985 $15,496,708,060
1991 $319,827,059 $13,074,782,609
1990 $306,890,963 $12,290,568,182
1989 $267,448,571 $10,101,851,745
1988 $264,308,140 $10,096,245,762
1987 $235,253,065 $9,696,715,911
1986 $190,651,168 $9,017,806,654
1985 $137,728,205 $8,410,226,053
1984 $132,019,039 $8,254,541,195
1983 $138,476,176 $8,350,582,748
1982 $140,630,679 $8,133,580,052
1981 $139,468,209 $8,428,445,294
1980 $142,246,815 $8,744,134,354
1979 - $7,188,863,904
1978 - $5,968,460,080
1977 - $5,109,324,009
1976 - $4,508,191,942
1975 - $4,328,965,588
1974 - $3,545,868,575
1973 - $2,730,813,385
1972 - $2,237,556,149
1971 - $1,685,162,272
1970 - $1,439,238,095
1969 - $1,289,904,762
1968 - $1,214,666,667
1967 - $1,085,714,286
1966 - $1,040,952,381
1965 - $991,047,619
1964 - $1,025,866,792
1963 - $1,026,737,600
1962 - $880,027,733
1961 - $866,155,429

Data sources: World Bank | Economy & Growth (1961–2025, retrieved 2026-07-08).

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

GDP per capita in Cape Verde vs Tunisia by year

Cape Verde
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cape Verde Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,796 - $4,657 -
2024 $5,170 $11,195 $4,188 $14,521
2023 $4,795 $10,242 $3,951 $14,041
2022 $4,323 $9,481 $3,707 $13,619
2021 $3,971 $7,685 $3,907 $12,444
2020 $3,539 $6,853 $3,549 $11,918
2019 $4,381 $8,646 $3,529 $12,495
2018 $4,295 $7,916 $3,628 $11,841
2017 $3,893 $7,936 $3,619 $11,289
2016 $3,609 $7,351 $3,848 $10,994
2015 $3,415 $6,773 $4,015 $10,783
2014 $3,986 $6,417 $4,459 $10,947
2013 $3,961 $6,367 $4,370 $10,672
2012 $3,737 $6,318 $4,297 $10,615
2011 $4,002 $6,384 $4,421 $10,436
2010 $3,579 $6,039 $4,292 $10,555
2009 $3,660 $5,901 $4,080 $10,237
2008 $3,909 $6,011 $4,255 $9,975
2007 $3,325 $5,567 $3,727 $9,479
2006 $2,257 $4,758 $3,323 $8,729
2005 $2,004 $4,324 $3,147 $8,117
2004 $1,929 $3,969 $3,067 $7,672
2003 $1,718 $3,551 $2,726 $7,098
2002 $1,329 $3,388 $2,321 $6,715
2001 $1,223 $3,217 $2,236 $6,593
2000 $1,190 $3,124 $2,199 $6,279
1999 $1,327 $2,714 $2,376 $5,930
1998 $1,187 $2,443 $2,285 $5,579
1997 $1,134 $2,182 $2,202 $5,333
1996 $1,180 $1,963 $2,107 $5,040
1995 $1,165 $1,762 $1,968 $4,686
1994 $991 $1,540 $1,733 $4,555
1993 $1,220 $1,291 $1,649 $4,401
1992 $908 $1,186 $1,785 $4,292
1991 $832 $1,069 $1,538 $3,975
1990 $817 $1,044 $1,476 $3,780
1989 $727 - $1,239 -
1988 $729 - $1,266 -
1987 $658 - $1,245 -
1986 $541 - $1,187 -
1985 $396 - $1,135 -
1984 $385 - $1,143 -
1983 $410 - $1,184 -
1982 $423 - $1,177 -
1981 $425 - $1,247 -
1980 $440 - $1,324 -
1979 - - $1,113 -
1978 - - $946 -
1977 - - $830 -
1976 - - $752 -
1975 - - $741 -
1974 - - $624 -
1973 - - $493 -
1972 - - $415 -
1971 - - $320 -
1970 - - $280.5 -
1969 - - $257.7 -
1968 - - $248.9 -
1967 - - $228 -
1966 - - $223.8 -
1965 - - $217.3 -
1964 - - $228.5 -
1963 - - $231.9 -
1962 - - $201.4 -
1961 - - $200.7 -

Data sources: World Bank | Economy & Growth (1961–2025, retrieved 2026-07-08).

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

Cape Verde's GDP per capita is $5,796, ranking 116/197, compared to $4,657 in Tunisia, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Cape Verde ranks 129th at $11,195, while Tunisia ranks 114th at $14,521.

Economic indicators

Cape Verde Tunisia
Gross domestic product
$3.06B
2025
$57.5B
2025
GDP rank
172/197
2025
93/197
2025
GDP growth
6.3%
2024-2025
2.49%
2024-2025
GDP per capita
$5,796
2025
$4,657
2025
GDP per capita rank
116/197
2025
127/197
2025
GDP per capita, PPP
$11,195
2024
$14,521
2024
GDP per capita PPP rank
129/197
2024
114/197
2024
Government debt
$3.09B
2025
$46.7B
2025
Debt-to-GDP ratio
101%
2025
81.3%
2025
Government debt per person
$5,854
2025
$3,785
2025
Government debt per person rank
77/185
2025
95/185
2025
Average annual personal income after taxes
$2,506
2026
$4,193
2026
Market capitalization of domestic companies n/a
$12B
2025
Income share by richest 10%
32.3%
2015
27%
2021
Income share by poorest 10%
2.2%
2015
3.1%
2021
Government expenditure, % of GDP
27%
2025
34%
2025
Consumer prices inflation
2.3%
2024-2025
5.3%
2024-2025
Central bank interest rate
1.5%
2024
7.5%
2025
Unemployment rate
11.3%
2019
15.1%
2023
Population
530853
12450912

Spending and national debt comparison by year

Cape Verde
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Cape Verde Tunisia
Government spending Government debt Government spending Government debt
2025 27% 101% 34% 81.3%
2024 26.1% 112.8% 35.8% 85.7%
2023 25.7% 117.5% 35.9% 84%
2022 26.6% 127.6% 36.6% 83%
2021 30.8% 149.5% 33.4% 79.7%
2020 34.5% 149.1% 34.5% 77.7%
2019 27.5% 109.8% 29.5% 67.3%
2018 27.5% 112.3% 28.7% 72.9%
2017 28% 113% 28.7% 67.1%
2016 26.6% 115.6% 27.2% 58.9%
2015 28.7% 115.7% 27.4% 52.4%
2014 27.8% 105.7% 27.7% 50.7%
2013 30.9% 93.5% 30.8% 45.6%
2012 31.6% 82.9% 28.3% 49%
2011 30.3% 71.6% 27.9% 43.3%
2010 35.7% 66.2% 24% 38.8%
2009 30.6% 58.8% 24.6% 40.3%
2008 27.6% 57.5% 23.7% 41.4%
2007 27.1% 59.6% 23.3% 42.7%
2006 28.4% 66.2% 22.9% 45.7%
2005 26.2% 66.7% 23% 50%
2004 26.3% 67.8% 23% 51.6%
2003 23.4% 65.6% 23.5% 52.6%
2002 28.5% 64.7% 24.1% 51.6%
2001 24.2% 62.2% 24% 52.2%
2000 36.7% 71.9% 24% 62.9%
1999 35% 66.4% 24% 61.9%
1998 29.8% 72.9% 24.2% 58.2%
1997 34.8% 79.3% 24.5% 66.6%
1996 38.9% 85.7% 26.7% 66.8%
1995 44.5% 74.3% 26.6% 65.6%
1994 48.1% 73.4% 25.9% 63.9%
1993 - - 26.7% 63.8%
1992 - - 25.7% 62.1%
1991 - - 27.6% 63.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1996, retrieved 2026-07-08).

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

In 2025, Cape Verde's government spending was $827M, accounting for 27% of its GDP, while Tunisia spent $19.6B, or 34% of GDP.

Debt-to-GDP ratio is 101% in Cape Verde and 81.3% in Tunisia, ranking 23/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Cape Verde

Tunisia
1x
Year Deficit/surplus, % of GDP
Cape Verde Tunisia
2025 1.06% -5.24%
2024 -1.07% -6.36%
2023 -0.28% -7.27%
2022 -4.25% -7%
2021 -7.51% -7.81%
2020 -9.29% -9.06%
2019 -1.62% -3.6%
2018 -2.36% -4.27%
2017 -2.63% -5.61%
2016 -2.73% -5.87%
2015 -4.16% -4.95%
2014 -6.93% -3.11%
2013 -8.49% -7.05%
2012 -9.36% -4.9%
2011 -6.98% -3.19%
2010 -9.6% -0.46%
2009 -5.32% -2.59%
2008 -1.42% -0.62%
2007 -0.86% -2.47%
2006 -4.32% -2.33%
2005 -4.69% -2.59%
2004 -2.98% -2.1%
2003 -3.63% -2.64%
2002 -6.14% -2.55%
2001 -5.03% -2.87%
2000 -15.5% -3.22%
1999 -10.9% -3.05%
1998 -3.16% -2.84%
1997 -10.2% -3.7%
1996 -11.2% -5.18%
1995 -11.1% -4.53%
1994 -12.8% -2.87%
1993 - -3.22%
1992 - -3.45%
1991 - -5.25%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

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

In 2025, Cape Verde's government surplus, the difference between spending and revenue, was $32.3M, equivalent to 1.06% of GDP. This compares to Tunisia's deficit of $3.01B, or 5.24% of GDP.

Over the past 32 years, Cape Verde recorded a fiscal deficit in 31 of those years, while Tunisia ran a deficit in 32 years. On average, Cape Verde posted an annual deficit equal to 5.8% of GDP, compared to deficit of 4.12% of GDP for Tunisia.

Inflation comparison by year

Inflation
Cape Verde

Tunisia
1x
Year Consumer prices inflation
Cape Verde Tunisia
2025 2.3% 5.3%
2024 1.1% 7%
2023 3.7% 9.3%
2022 7.9% 8.3%
2021 1.9% 5.7%
2020 0.6% 5.6%
2019 1.1% 6.7%
2018 1.3% 7.3%
2017 0.8% 5.3%
2016 -1.4% 3.6%
2015 0.1% 4.4%
2014 -0.2% 4.6%
2013 1.5% 5.4%
2012 2.5% 4.6%
2011 4.5% 3.2%
2010 2.1% 4.4%
2009 1% 3.5%
2008 6.8% 4.9%
2007 4.4% 3.4%
2006 4.8% 4.1%
2005 0.4% 1.9%
2004 -1.9% 3.7%
2003 1.2% 2.7%
2002 1.9% 2.7%
2001 3.7% 1.9%
2000 -2.4% 2.8%
1999 4.3% 2.8%
1998 4.4% 3.1%
1997 8.6% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Cape Verde has recorded an average annual inflation rate of 2.31%, compared with 4.54% in Tunisia. In 2025, inflation was 2.3% in Cape Verde and 5.3% in Tunisia.

Top exports between countries

Cape Verde
Export category Export value
Processed food, beverages & tobacco $25K
Tunisia
Export category Export value
Processed food, beverages & tobacco $205K
Machinery & equipment $174K
Chemicals & pharma $90K
Raw agricultural goods $78K
Wood & paper products $19K
Textiles & consumer goods $11K
Raw materials & minerals $1K

Balance of trade

Cape Verde Tunisia
Current account balance
$108M
2025
-$775M
2024
Current account balance ranking
63/190
2025
111/190
2024
Current account balance, % of GDP
+3.53%
2025
-1.51%
2024
Goods imports
$1.29B
2025
$18.7B
2024
Goods exports
$344M
2025
$8.95B
2024
Service imports
$350M
2025
$3.92B
2024
Service exports
$940M
2025
$11.2B
2024
Imports of goods and services, % of GDP
53.4%
2025
54.8%
2025
Exports of goods and services, % of GDP
42%
2025
46.7%
2025

Economic freedom indices

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

Cape Verde Tunisia
Economic freedom 71.4 48.1
Economic freedom ranking 32/197 172/197
Property rights 72.7 55.7
Government integrity 63.3 42.1
Judicial effectiveness 77.1 39.7
Tax burden 84.4 68.5
Government spending 79.5 62.5
Fiscal health 74.4 16
Business freedom 78.9 59.4
Labor freedom 59.5 55.8
Monetary freedom 80.4 72.4
Trade freedom 66.6 54.6
Investment freedom 60 20
Financial freedom 60 30

Economic freedom comparison by year

Cape Verde
Tunisia
1x
Year Economic freedom index
Cape Verde Tunisia
2026 71.4 48.1
2025 68.7 49.1
2024 62.9 48.8
2023 65.8 52.9
2022 66.7 54.2
2021 63.8 56.6
2020 63.6 55.8
2019 63.1 55.4
2018 60 58.9
2017 56.9 55.7
2016 66.5 57.6
2015 66.4 57.7
2014 66.1 57.3
2013 63.7 57
2012 63.5 58.6
2011 64.6 58.5
2010 61.8 58.9
2009 61.3 58
2008 57.9 60.1
2007 56.5 60.3
2006 58.6 57.5
2005 57.8 55.4
2004 58.1 58.4
2003 56.1 58.1
2002 57.6 60.2
2001 56.3 60.8
2000 51.9 61.3
1999 50.7 61.1
1998 48 63.9
1997 47.7 63.8
1996 49.7 63.9
1995 - 63.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Cape Verde is 71.4, ranking 32/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cape Verde Tunisia
Services, % of GDP
67.9%
2025
62.7%
2025
Industry, % of GDP
10.7%
2025
22%
2025
Agriculture, forestry, and fishing, % of GDP
5.04%
2025
10.3%
2025
GNI, Atlas method
$2.95B
2025
$53B
2025
GNI per capita, PPP
$12,010
2025
$14,870
2025
Total reserves including gold
$1.26B
2025
$9.34B
2024
Total reserves ranking
138/177
2025
84/177
2024
Net foreign direct investment
-$130M
2025
-$725M
2024
Net inflows of foreign direct investment
$110M
2024
$760M
2024
Net outflows of foreign direct investment
$20.8M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
5.72%
2024
10.9%
2024
Poverty at national poverty lines
24.8%
2023
16.6%
2021
Gross capital formation, % of GDP
17.4%
2025
15.2%
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/tunisia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1961–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1994–1996, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.