Cabo Verde Tourism Receipts
International tourism receipts ST.INT.RCPT.CD
Cabo Verde's tourism receipts was $169.0M in 2020, ranked 104th globally. This represents a 70.2% decrease from 2019. Data from World Bank, covering 1995–2020.
Overview
Cabo Verde's tourism receipts stood at $169.0M in 2020, a decline of +$398.0M from 2019. Cabo Verde ranked 104th globally.
Cabo Verde's tourism receipts have experienced significant growth, with the sector becoming a crucial component of the country's economy. Since 1995, the industry has witnessed a remarkable expansion, with receipts increasing by more than 485% to reach 169 million dollars in 2020, placing it at 104th globally. Notably, the sector peaked in 2019, achieving a record high of 567 million dollars, surpassing many of its peer countries, including Montenegro, which ranked 94th with receipts of 180 million dollars in 2020. The sector's resilience can be attributed to Cabo Verde's unique blend of African and Portuguese cultural influences, as well as its stunning beaches and crystal-clear waters. However, the COVID-19 pandemic has undoubtedly had a devastating impact on the industry, and it remains to be seen how the sector will recover in the coming years. A sustained recovery will depend on the country's ability to effectively manage its tourism infrastructure and mitigate the risks associated with climate change.
Data & projection
| Year | Tourism Receipts | YoY change | Rank |
|---|---|---|---|
| 2020 | $169.0M | −$398.0M | #104 |
| 2019 | $567.0M | +$47.0M | #109 |
| 2018 | $520.0M | +$69.0M | #120 |
| 2017 | $451.0M | +$54.0M | #122 |
| 2016 | $397.0M | +$17.0M | #123 |
| 2015 | $380.0M | −$73.0M | #123 |
| 2014 | $453.0M | −$30.0M | #120 |
| 2013 | $483.0M | +$31.0M | #115 |
| 2012 | $452.0M | +$14.0M | #111 |
| 2011 | $438.0M | +$51.0M | #111 |
| 2010 | $387.0M | +$38.0M | #108 |
| 2009 | $349.0M | −$83.0M | #108 |
| 2008 | $432.0M | +$57.0M | #107 |
| 2007 | $375.0M | +$95.0M | #110 |
| 2006 | $280.0M | +$103.0M | #108 |
Detected Pattern
Analysis
Cabo Verde matched the Stagflation Risk pattern in 1991. Historically, 38% of countries showing this pattern (117 out of 307) saw tourism receipts improve within 24 months. View full analysis →
Frequently Asked Questions
Cabo Verde's tourism receipts was $169.0M in 2020. Ranked 104th globally. This represents a 70.2% decrease from the previous year.
Cabo Verde's tourism receipts peaked at $567.0M in 2019.
The lowest tourism receipts in Cabo Verde was $29.0M in 1995.
Cabo Verde ranks 104th globally in tourism receipts as of 2020.
The World Bank indicator code is ST.INT.RCPT.CD. Data sourced from World Bank.
Cabo Verde's tourism receipts was approximately 169 million ($169.0M) in 2020.
The tourism receipts of Cabo Verde in 2020 was $169.0M. This ranks 104th in the world.
Cite this page
@misc{historysaid_cabo-verde_tourism-receipts,
title = {Cabo Verde Tourism Receipts},
url = {https://historysaid.com/cabo-verde/tourism-receipts/},
publisher = {HistorySaid},
year = {2026}
}