Cabo Verde Trade Openness
Trade as % of GDP NE.TRD.GNFS.ZS
Cabo Verde's trade openness was 105.02% in 2025, ranked 69th globally. This represents a 8.8% increase from 2024. Data from World Bank, covering 1980–2025.
Overview
Cabo Verde's trade openness stood at 105.02% in 2025, a rise of +8.51% from 2024. Based on recent trends, this figure is projected to reach 105.02% by 2025. Cabo Verde ranked 69th globally.
Cabo Verde's trade openness has exhibited a generally upward trajectory over the past four and a half decades. The country's trade openness index, as recorded by the World Bank, peaked at 117.82 in 2006, before slowly declining to a trough of 60.31 in 1993, and then steadily increasing to its current standing at 105.02 in 2025, ranking it 69th globally. This growth in trade openness has been mirrored in several other countries, including Morocco, which also boasts a trade openness index of 105.40, although Bosnia and Herzegovina has slightly surpassed Cabo Verde, with an index of 105.30. The steady increase in trade openness suggests that Cabo Verde has become increasingly integrated into the global economy. However, the country's trade openness index may be impacted by future shifts in global trade policies or regional economic developments, such as the African Continental Free Trade Area agreement, which could potentially alter the trajectory of Cabo Verde's trade openness.
Data & projection
| Year | Trade Openness | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 115.78% | - | - |
| 2026* trend | 110.40% | - | - |
| 2025* trend | 105.02% | - | - |
| 2025 | 105.02% | +8.51% | #69 |
| 2024 | 96.51% | +1.47% | #99 |
| 2023 | 95.03% | −1.96% | #100 |
| 2022 | 96.99% | +19.54% | #106 |
| 2021 | 77.46% | −0.94% | #89 |
| 2020 | 78.39% | −25.21% | #107 |
| 2019 | 103.60% | −2.26% | #130 |
| 2018 | 105.87% | +5.82% | #132 |
| 2017 | 100.05% | +4.67% | #123 |
| 2016 | 95.38% | +1.37% | #121 |
| 2015 | 94.01% | +2.70% | #119 |
| 2014 | 91.30% | +5.13% | #107 |
| 2013 | 86.17% | −4.48% | #100 |
| 2012 | 90.65% | +0.09% | #101 |
| 2011 | 90.56% | +5.01% | #103 |
Detected Pattern
Analysis
Cabo Verde matched the Stagflation Risk pattern in 1991. Historically, 38% of countries showing this pattern (117 out of 307) saw trade openness improve within 24 months. View full analysis →
Frequently Asked Questions
Cabo Verde's trade openness was 105.02% in 2025. Ranked 69th globally. This represents a 8.8% increase from the previous year.
Cabo Verde's trade openness peaked at 117.82% in 2006.
The lowest trade openness in Cabo Verde was 60.31% in 1993.
Cabo Verde ranks 69th globally in trade openness as of 2025.
The World Bank indicator code is NE.TRD.GNFS.ZS. Data sourced from World Bank.
Cabo Verde's trade openness is projected to reach 105.02% by 2025 based on trend extrapolation.
The trade openness of Cabo Verde in 2025 was 105.02%. This ranks 69th in the world.
Cite this page
@misc{historysaid_cabo-verde_trade-openness,
title = {Cabo Verde Trade Openness},
url = {https://historysaid.com/cabo-verde/trade-openness/},
publisher = {HistorySaid},
year = {2026}
}