Cabo Verde: Final consumption expenditure (constant 2015 US$)

Key figures

What the numbers say

In 2025, Cabo Verde's final consumption expenditure (constant 2015 US$) rose 4.3% on 2024 (from US$2.21 billion to US$2.31 billion).

Across the 17 yearly changes before that (2008 to 2024), the average change was +3.8% and a typical year strayed about 4.8% from that (the standard deviation). This year's change was 0.1 standard deviations above 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 10.1% in 2021 and the biggest yearly fall was 10.2% 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 the straight-line trend is upward, about US$76.91 million a year. A straight line explains 89% of the movement over 10 observed years.

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

A straight-line projection, tested first

Extending that straight line gives about US$2.48 billion for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was US$100.23 million, against US$165.95 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2025, Cabo Verde had the 127th highest value of the 132 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

• Djibouti — 123rd of 132: US$3.8 billion
• Lesotho — 124th of 132: US$2.81 billion
• Central African Republic — 125th of 132: US$2.68 billion
• Seychelles — 127th of 132: US$2.05 billion
• Gambia, The — 128th of 132: US$1.94 billion
• Guinea-Bissau — 129th of 132: US$1.73 billion

What this measures

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

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

All 19 values

Final consumption expenditure (constant 2015 US$) in nearby economies

• Angola — US$124.08 billion (2024)
• Benin — US$15.28 billion (2025)
• Botswana — US$13.97 billion (2025)
• Burkina Faso — US$16.22 billion (2025)
• Burundi — US$4.1 billion (2025)
• Cameroon — US$39.23 billion (2025)
• Central African Republic — US$2.68 billion (2025)
• Chad — US$13.32 billion (2025)
• Comoros — US$1.4 billion (2025)
• Congo, Dem. Rep.

More economic policy & debt data for Cabo Verde

• Grants, excluding technical cooperation (BoP, current US$) — US$42.27 million (2023)
• Net bilateral aid flows from DAC donors, Total (current US$) — US$33.96 million (2023)
• Net official development assistance and official aid received (current US$) — US$101.71 million (2023)
• Net official development assistance and official aid received (constant 2023 US$) — US$101.71 million (2023)
• Net official development assistance received (current US$) — US$101.71 million (2023)
• Net official development assistance received (constant 2023 US$) — US$101.71 million (2023)
• Net ODA received per capita (current US$) — US$194.72 (2023)
• Adjusted savings, education expenditure (% of GNI)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Cabo Verde's final consumption expenditure (constant 2015 US$)?

US$2.31 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2007?

It is up 92.91% from US$1.2 billion in 2007 (3.72% a year on average, compounded). The highest value was US$2.31 billion in 2025 and the lowest US$1.2 billion in 2007.

Source

World Bank, World Development Indicators, indicator NE.CON.TOTL.KD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.