Cabo Verde: Export volume index (2015 = 100)

Key figures

What the numbers say

In 2024, Cabo Verde's export volume index (2015 = 100) rose 30.4 on 2023 (from 69.1 to 99.5).

Across the 18 yearly changes before that (2006 to 2023), the average change was +1.8 and a typical year strayed about 16.06 from that (the standard deviation). This year's change was 1.8 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 31.2 in 2018 and the biggest yearly fall was 19.4 in 2016. 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 10% 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 136th highest value of the 203 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

• Lesotho — 133rd of 203: 101
• Zambia — 134th of 203: 100.7
• Russian Federation — 135th of 203: 100.1
• Slovak Republic — 137th of 203: 99.3
• Estonia — 138th of 203: 99.1
• Colombia — 139th of 203: 98.5

What this measures

Export volume indexes are derived from UNCTAD's volume index series and are the ratio of the export value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.

All 20 values

Export volume index (2015 = 100) in nearby economies

• Angola — 74.2 (2024)
• Benin — 161.9 (2024)
• Botswana — 79 (2024)
• Burkina Faso — 139.3 (2024)
• Burundi — 87.6 (2024)
• Cameroon — 96.7 (2024)
• Central African Republic — 115.1 (2024)
• Chad — 105.3 (2024)
• Comoros — 184 (2024)
• Congo, Dem. Rep. — 193.8 (2024)
• Congo, Rep. — 65.9 (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 value index (2015 = 100) — 112.7 (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

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Questions people ask

What is Cabo Verde's export volume index (2015 = 100)?

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

How has it changed since 2005?

It is up 171.12% from 36.7 in 2005 (5.39% a year on average, compounded). The highest value was 112.2 in 2014 and the lowest 35.1 in 2007.

How does Cabo Verde rank?

136th highest of 203 economies with data for 2024.

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

In 2024, Cabo Verde's export volume index (2015 = 100) rose 30.4 on 2023 (from 69.1 to 99.5). Across the 18 yearly changes before that (2006 to 2023), the average change was +1.8 and a typical year strayed about 16.06 from that (the standard deviation). This year's change was 1.8 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.QTY.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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