Republic of Cabo Verde
Capital
Praia
Region
Africa
Population
491,233
Area (km²)
4,033
Cape Verde, officially Cabo Verde, is an archipelago nation in the Atlantic Ocean off West Africa's coast, with a population of around 491,233 spread across 4,033 km² of volcanic islands. Its capital, Praia, serves as the economic and cultural hub on Santiago Island. Known for its Creole heritage, stunning beaches, and morna music, this African country thrives on tourism and fisheries despite limited natural resources.
Cape Verde's fertility rate of 1.52 children per woman is well below the replacement level of 2.1. This indicates a country that has undergone or is undergoing a significant demographic transition, leading to a potentially aging population and future labor force challenges, atypical for many African nations.
An impressive 98.600% of Cape Verde's population has access to electricity. This high rate is a significant achievement for a developing country, indicating robust infrastructure development and a commitment to improving living standards and supporting economic activities across the islands.
Cape Verde recorded a GDP growth rate of 4.795% in 2023, which is a healthy figure, especially considering global economic uncertainties. This suggests resilience and potential for continued development, though the relatively high unemployment rate of 11.971% remains a challenge to address.
With a GDP per capita of $4,794.90, Cape Verde stands out economically within the Western African subregion. This figure is considerably higher than many of its continental neighbors, reflecting a more developed economy, likely driven by tourism and services, despite a smaller overall GDP.
GDP (Current US$)
$2.50B
Year: 2023
GDP Per Capita
$4,794.9
GDP Growth (%)
4.8%
Inflation (%)
3.72%
Unemployment (%)
11.97%
Debt to GDP (%)
N/A%
Source: World Bank • Last updated: 12/24/2025
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