Economic Policy & Debt · Cabo Verde
Yearly data from 1977 to 2025, from the World Bank.
Cabo Verde's service exports (current US$, BoP) was US$939.94 million in 2025, the latest year in the World Bank's World Development Indicators. That is up 87.45% from US$501.42 million in 2015 (6.49% a year on average, compounded).
| Value | Year | |
|---|---|---|
| Latest | US$939.94 million | 2025 |
| Five years earlier | US$294.57 million | 2020 |
| Ten years earlier | US$501.42 million | 2015 |
| Highest | US$939.94 million | 2025 |
| Lowest | US$957,514 | 1977 |
| Average since 2016 | US$622.93 million | 2016–2025 |
| First recorded | US$957,514 | 1977 |
Over five years it is up 219.08% from US$294.57 million in 2020 (26.12% a year on average, compounded). Since 1977 it is up 98,064% from US$957,514 in 1977 (15.43% a year on average, compounded).
In 2025, Cabo Verde's service exports (current US$, BoP) rose 13.2% on 2024 (from US$830.15 million to US$939.94 million).
Across the 30 yearly changes before that (1995 to 2024), the average change was +13% and a typical year strayed about 25.3% from that (the standard deviation). This year's change was 0.0 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 388.9% in 1978 and the biggest yearly fall was 60.2% 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.
In 2025, Cabo Verde had the 115th 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.
| Value | Year | |
|---|---|---|
| Cabo Verde | US$939.94 million | 2025 |
| World | US$9.56 trillion | 2025 |
| Sub-Saharan Africa | US$91.99 billion | 2025 |
| Upper middle income | US$1.18 trillion | 2025 |
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
| Year | Service exports (current US$, BoP) |
|---|---|
| 2025 | 939,938,216 |
| 2024 | 830,149,794 |
| 2023 | 712,626,462 |
| 2022 | 569,158,367 |
| 2021 | 287,259,150 |
| 2020 | 294,574,333 |
| 2019 | 739,658,215 |
| 2018 | 690,018,970 |
| 2017 | 605,956,570 |
| 2016 | 559,988,333 |
| 2015 | 501,423,239 |
| 2014 | 628,935,056 |
| 2013 | 646,282,385 |
| 2012 | 591,731,446 |
| 2011 | 585,704,653 |
| 2010 | 506,888,083 |
| 2009 | 482,739,426 |
| 2008 | 607,266,060 |
| 2007 | 496,065,365 |
| 2006 | 386,354,184 |
| 2005 | 276,727,035 |
| 2004 | 242,711,488 |
| 2003 | 204,401,226 |
| 2002 | 154,681,880 |
| 2001 | 131,893,076 |
| 2000 | 110,083,008 |
| 1999 | 109,382,810 |
| 1998 | 91,963,308 |
| 1997 | 94,368,798 |
| 1996 | 82,459,366 |
| 1995 | 68,997,788 |
| 1994 | 49,001,822 |
| 1993 | 41,902,307 |
| 1992 | 39,938,496 |
| 1991 | 35,431,579 |
| 1990 | 38,742,087 |
| 1989 | 29,223,852 |
| 1988 | 28,008,881 |
| 1987 | 25,959,820 |
| 1986 | 32,252,825 |
| 1985 | 24,814,566 |
| 1984 | 23,734,089 |
| 1983 | 33,483,603 |
| 1982 | 27,454,254 |
| 1981 | 17,389,995 |
| 1980 | 10,078,428 |
| 1979 | 8,193,305 |
| 1978 | 4,681,591 |
| 1977 | 957,514 |
Every indicator for Cabo Verde is on the Cabo Verde data page.
World Bank, World Development Indicators, indicator BX.GSR.NFSV.CD, 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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