Cabo Verde: Commercial service exports (current US$)

Key figures

What the numbers say

In 2025, Cabo Verde's commercial service exports (current US$) rose 13.7% on 2024 (from US$805.92 million to US$916.62 million).

Across the 30 yearly changes before that (1995 to 2024), the average change was +13.9% and a typical year strayed about 27.4% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 388.9% in 1978 and the biggest yearly fall was 62.2% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 16% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Cabo Verde had the 116th highest value of the 136 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cabo Verde in the 2025 ranking

• Belize — 112th of 136: US$1.16 billion
• Venezuela, RB — 113th of 136: US$1.13 billion
• Botswana — 114th of 136: US$1.05 billion
• Grenada — 116th of 136: US$754.4 million
• West Bank and Gaza — 117th of 136: US$558.7 million
• Congo, Dem. Rep. — 118th of 136: US$529.41 million

What this measures

Commercial service exports are total service exports minus exports of government services not included elsewhere. Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Balance of payments statistics, the main source of information on international trade in services, have many weaknesses. Disaggregation of important components may be limited and varies considerably across countries. There are inconsistencies in the methods used to report items. And the recording of major flows as net items is common (for example, insurance transactions are often recorded as premiums less claims). These factors contribute to a downward bias in the value of the service trade reported in the balance of payments. Efforts are being made to improve the coverage, quality, and consistency of these data.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 49 values

Commercial service exports (current US$) in nearby economies

• Angola — US$116.5 million (2025)
• Benin — US$451.05 million (2023)
• Botswana — US$1.05 billion (2025)
• Burkina Faso — US$532.84 million (2024)
• Burundi — US$77.22 million (2025)
• Cameroon — US$1.74 billion (2024)
• Comoros — US$110.18 million (2023)
• Congo, Dem. Rep. — US$529.41 million (2025)
• Congo, Rep. — US$225.02 million (2021)
• Côte d'Ivoire — US$1.14 billion (2024)

More private sector & trade data for Cabo Verde

• Merchandise imports (current US$) — US$2.04 billion (2025)
• Merchandise exports (current US$) — US$96 million (2025)
• Merchandise imports from high-income economies (% of total merchandise imports) — 83.8% (2023)
• Merchandise imports from low- and middle-income economies in Sub-Saharan Africa (% of total merchandise imports) — 0.69% (2023)
• Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0% (2023)
• Merchandise imports by the reporting economy (current US$) — US$1.74 billion (2023)
• Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) — 0.69% (2023)

Reading data like this

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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Cabo Verde's commercial service exports (current US$)?

US$916.62 million in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1977?

It is up 95,629% from US$957,514 in 1977 (15.37% a year on average, compounded). The highest value was US$916.62 million in 2025 and the lowest US$957,514 in 1977.

How does Cabo Verde rank?

116th highest of 136 economies with data for 2025.

Is the latest change in commercial service exports (current US$) unusual for Cabo Verde?

In 2025, Cabo Verde's commercial service exports (current US$) rose 13.7% on 2024 (from US$805.92 million to US$916.62 million). Across the 30 yearly changes before that (1995 to 2024), the average change was +13.9% and a typical year strayed about 27.4% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TX.VAL.SERV.CD.WT, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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