Cabo Verde: Export value index (2015 = 100)

Key figures

What the numbers say

In 2024, Cabo Verde's export value index (2015 = 100) rose 29.8 on 2023 (from 82.9 to 112.7).

Across the 18 yearly changes before that (2006 to 2023), the average change was +3.16 and a typical year strayed about 18.39 from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 37.8 in 2018 and the biggest yearly fall was 21 in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains less than 1% 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 2024, Cabo Verde had the 163rd highest value of the 204 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 2024 ranking

• Panama — 160th of 204: 116.2
• Eritrea — 161st of 204: 115.4
• Japan — 162nd of 204: 113.1
• United Kingdom — 164th of 204: 110
• American Samoa — 165th of 204: 107.4
• Lesotho — 166th of 204: 106.9

What this measures

Export values are the current value of exports (f.o.b.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's export value indexes are reported for most economies.

All 20 values

Export value index (2015 = 100) in nearby economies

• Angola — 118.8 (2024)
• Benin — 225.3 (2024)
• Botswana — 73.6 (2024)
• Burkina Faso — 259.4 (2024)
• Burundi — 145.4 (2024)
• Cameroon — 145.7 (2024)
• Central African Republic — 143.8 (2024)
• Chad — 186.6 (2024)
• Comoros — 175.7 (2024)
• Congo, Dem. Rep. — 346.1 (2024)
• Congo, Rep. — 91.3 (2024)

More trade data for Cabo Verde

• Import volume index (2015 = 100) — 244.6 (2024)
• Import value index (2015 = 100) — 300.7 (2024)
• Net barter terms of trade index (2015 = 100) — 92.1 (2024)
• Export volume index (2015 = 100) — 99.5 (2024)
• Tariff rate, applied, simple mean, manufactured products (%) — 13.84% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.69% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 10.72% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 10.83% (2022)
• Tariff rate, applied, simple mean, all products (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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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 export value index (2015 = 100)?

112.7 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 333.46% from 26 in 2005 (8.02% a year on average, compounded). The highest value was 119.7 in 2014 and the lowest 26 in 2005.

How does Cabo Verde rank?

163rd highest of 204 economies with data for 2024.

Is the latest change in export value index (2015 = 100) unusual for Cabo Verde?

In 2024, Cabo Verde's export value index (2015 = 100) rose 29.8 on 2023 (from 82.9 to 112.7). Across the 18 yearly changes before that (2006 to 2023), the average change was +3.16 and a typical year strayed about 18.39 from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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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