Economy
Nominal GDP
USD 2.76 billion
GDP per capita
USD 4,811
2021–2025 average
Currency
- Name
- Cape Verdean escudo
Эскудо Кабо-Верде - ISO code
- CVE
- Rate against the US dollar
- USD 1 = 97.44 CVE
- Rate against the rouble
- 10 CVE = 8.5754 RUB
- Rate type
- Cross rate via the Bank of Russia USD/RUB rate
- Currency zone
- National currency
- Note
- fixed peg to the euro
Exchange rate as of 1 October 2026
Economic structure
GDP structure: 2021–2025 average Source: Based on World Bank data (https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS); World Bank, WDI: NV.AGR.TOTL.ZS / NV.IND.TOTL.ZS / NV.SRV.TOTL.ZS, calculation of averages for 2021–2025 (https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS). Period: 2021–2025 average
- Agriculture 5.2%
- Industry 11.2%
- Services 68.6%
Industries and programmes
- Key industries
- Tourism (the key sector), fishing and tuna processing, transport and logistics, and construction.Source: AfDB, Cabo Verde Economic Outlook (AEO 2026) — (tourism, infrastructure, FDI and remittances (https://www.afdb.org/en/countries/west-africa/cabo-verde/cabo-verde-economic-outlook)
- Government programmes
- Strategic Plan for Sustainable Development PEDS II (2022–2026)Source: Governo de Cabo Verde, PEDS II 2022–2026 / Ambição 2030 (https://www.governo.cv)
- Ambition 2030Source: Governo de Cabo Verde, PEDS II 2022–2026 / Ambição 2030 (https://www.governo.cv)
International trade
Exports of goods, 2021–2025
USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025
Table
| Year | USD billion | index, 2021 = 100 |
|---|---|---|
| 2021 | 0.06 | 100.0 |
| 2022 | 0.05 | 83.3 |
| 2023 | 0.05 | 83.3 |
| 2024 | 0.08 | 133.3 |
| 2025 | 0.10 | 166.7 |
- Imports of goods
- USD 0.91 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
- Exports of goods and services
- USD 1.28 billion 2025Source: World Bank, national accounts. Period: 2025
- Change in exports of goods, 2021–2025
- +66.7%
- Average annual rate of change in exports of goods, 2021–2025
- +13.6%
Export specialisation
Main export products
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Main export destinations
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Investment areas
Source: AfDB, Cabo Verde Economic Outlook (AEO 2026 (https://www.afdb.org/en/countries/west-africa/cabo-verde/cabo-verde-economic-outlook); Cabo Verde TradeInvest (https://www.cvtradeinvest.com)- Tourism and hotel real estate
- Fish processing
- Renewable energy (wind, solar)
- The “blue economy”
- Digital services
Agreements with Russia
Investment protection
There is no bilateral agreement with Russia on the promotion and reciprocal protection of investments.
Source: UNCTAD Investment Policy Hub (IIA Navigator (https://investmentpolicy.unctad.org/international-investment-agreements)Absent
Double taxation
There is no double taxation agreement with Russia.
Source: Russian Ministry of Finance, list of double taxation agreements in force — (the country is not on the list (https://minfin.gov.ru/ru/perfomance/tax_relations/international/international_dtt)Absent
Visa requirements
For Russian citizens holding ordinary passports: visa-free for up to 60 days — agreement dated 30 April 2019 (in force since 4 July 2020); online registration is mandatory before travel via EASE and payment of the airport security tax (TSA).
Source: TASS (https://tass.ru/politika/8821205); EASE (https://www.buch-dein-visum.de/ru/kapverden/visum/ease)Visa-free
Peaceful nuclear energy
No information
Other agreements
Source: TASS (https://tass.ru/politika/8821205); UNCTAD Investment Policy Hub (IIA Navigator (https://investmentpolicy.unctad.org/international-investment-agreements)- There are no bilateral agreements on investment protection or the avoidance of double taxation.
Incentives
- Main regimes and incentives
- Source: Lei n.º 13/VIII/2012 (https://leap.unep.org/en/countries/cv/national-legislation/law-no-13viii2012-code-investments)
Investment Law No. 13/VIII/2012 and the Tax Benefits Code (Código dos Benefícios Fiscais, Law No. 26/VIII/2013): investment tax deductions, equipment duty exemptions, and special regimes for tourism and the International Business Centre (CIN).
- Type of measure
- Investment agency
- Cabo Verde TradeInvest — investment and export promotion agency
