Cabo Verde Services Value Added
Services value added as % of GDP NV.SRV.TOTL.ZS
Cabo Verde's services value added was 69.98% in 2025, ranked 33rd globally. This represents a 1.8% increase from 2024. Data from World Bank, covering 1980–2025.
Overview
Cabo Verde's services value added stood at 69.98% in 2025, a rise of +1.25% from 2024. Based on recent trends, this figure is projected to reach 69.98% by 2025. Cabo Verde ranked 33rd globally.
Cabo Verde's services value added has demonstrated a positive trajectory over the past 46 years, with the indicator reaching an all-time peak of 72.59 in 2006. The country's services sector has been a driving force behind its economic growth, particularly in the tourism and financial services industries. However, the sector experienced a decline during the 1990 economic downturn, with the services value added dropping to 55.54. Since then, Cabo Verde has been steadily recovering, with the current services value added standing at 69.98, ranking 33 globally. This is closely comparable to Micronesia, Federated States of, which has a services value added of 69.53. Despite the progress, Cabo Verde's services sector still lags behind developed economies such as Japan, which has a services value added of 70.12. The trend suggests that Cabo Verde's services sector is experiencing a stabilizing growth phase, and a significant investment in infrastructure and human capital could potentially propel the sector towards further growth and increased global competitiveness.
Data & projection
| Year | Services Value Added | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 71.14% | - | - |
| 2026* trend | 70.56% | - | - |
| 2025* trend | 69.98% | - | - |
| 2025 | 69.98% | +1.25% | #33 |
| 2024 | 68.72% | −0.16% | #147 |
| 2023 | 68.89% | −0.12% | #160 |
| 2022 | 69.01% | +0.47% | #163 |
| 2021 | 68.54% | +2.56% | #164 |
| 2020 | 65.98% | −3.84% | #148 |
| 2019 | 69.83% | +2.40% | #169 |
| 2018 | 67.43% | −2.18% | #160 |
| 2017 | 69.61% | +0.32% | #169 |
| 2016 | 69.28% | +2.13% | #165 |
| 2015 | 67.15% | −0.40% | #159 |
| 2014 | 67.55% | −0.49% | #162 |
| 2013 | 68.04% | −0.63% | #162 |
| 2012 | 68.67% | +1.42% | #162 |
| 2011 | 67.25% | −0.19% | #160 |
Detected Pattern
Analysis
Cabo Verde matched the Stagflation Risk pattern in 1991. Historically, 38% of countries showing this pattern (117 out of 307) saw services value added improve within 24 months. View full analysis →
Frequently Asked Questions
Cabo Verde's services value added was 69.98% in 2025. Ranked 33rd globally. This represents a 1.8% increase from the previous year.
Cabo Verde's services value added peaked at 72.59% in 2006.
The lowest services value added in Cabo Verde was 55.54% in 1990.
Cabo Verde ranks 33rd globally in services value added as of 2025.
The World Bank indicator code is NV.SRV.TOTL.ZS. Data sourced from World Bank.
Cabo Verde's services value added is projected to reach 69.98% by 2025 based on trend extrapolation.
The services value added of Cabo Verde in 2025 was 69.98%. This ranks 33rd in the world.
Cite this page
@misc{historysaid_cabo-verde_services-value-added,
title = {Cabo Verde Services Value Added},
url = {https://historysaid.com/cabo-verde/services-value-added/},
publisher = {HistorySaid},
year = {2026}
}