Cabo Verde

Cabo Verde: Country Intelligence Brief

Cabo Verde's economy was valued at $2.73 billion in 2024, according to World Bank WDI figures, with GDP per capita at $5,192.48 the same year against a population of 524,877. Foreign reserves stood at $783.11 million in 2024, per the same World Bank WDI series, and the IMF World Economic Outlook puts government debt at 95.9% of GDP in 2026 — the highest debt-to-GDP figure among the fiscal metrics in this bundle.

Military capacity

SIPRI's Milex data put military expenditure at $20.08 million in 2025, equivalent to 0.658% of GDP on SIPRI's own GDP series for that year rather than the World Bank GDP figure cited above. The Correlates of War National Material Capabilities dataset recorded 1,000 active-duty personnel in 2022 and assigned Cabo Verde a Composite Index of National Capability (CINC) score of 3.0128573e-05 for the same year. Both figures carry a 2022 COW vintage and are not updated elsewhere in this bundle.

Governance

V-Dem v15's 2025 indicators score the electoral democracy index at 0.745 and the liberal democracy index at 0.631, with state capacity the highest of the three at 0.798. No further detail behind these scores, and no earlier V-Dem vintage for comparison, is present in the bundle.

Energy

Our World in Data's energy series records primary energy supply of 0.011 exajoules in 2023 and electricity generation of 0.52 terawatt-hours in 2024. Oil and gas production are both listed at 0.0 terawatt-hours, dated to 2016 for both series.

Data gaps

Oil and gas production figures are dated 2016, roughly a decade behind the 2023–2025 figures that make up most of the bundle, and both read zero; that vintage should be flagged before treating the reading as a current assessment. Governance scores are single-year (2025), so no trend comparison is available here. The bundle does not include trade balance or broader fiscal detail beyond debt-to-GDP and reserves.

Sources: World Bank WDI; IMF World Economic Outlook; SIPRI Milex; Correlates of War National Material Capabilities; V-Dem v15; Our World in Data (Energy).