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Cabo Verde - Trade Openness 2020

Trade as % of GDP · World Bank
78.39% −25.21% from 2019 Global rank: 107th

Cabo Verde's trade openness was 78.39% in 2020, decreased +25.21% from 103.60% in 2019. This was the 107th highest globally.

Global Ranking - 2020▾
Trade Openness by Country - 2020
RankCountryValueYoY
1st Sudan 9.96% -61.9%
2nd Cuba 15.68% -31.3%
3rd United States 23.40% -11.5%
4th Bangladesh 26.27% -16.8%
5th Pakistan 26.72% -7.6%
6th Tanzania 27.96% -15.3%
7th Argentina 30.20% -7.4%
8th Kenya 30.40% -4.3%
9th Sierra Leone 30.61% -18.5%
10th Japan 31.34% -11.0%
11th Egypt, Arab Republic of 32.13% -21.9%
12th Brazil 32.30% 11.8%
13th Indonesia 32.97% -12.4%
14th Comoros 33.73% -20.2%
15th Cameroon 33.74% -22.2%
16th China 34.04% -3.3%
17th Colombia 34.06% -9.3%
18th Niger 35.51% -4.3%
19th Turkmenistan 35.94% -18.9%
20th Uganda 37.00% -6.0%
21st Sri Lanka 37.09% -25.0%
22nd Haiti 37.41% -16.1%
23rd Bolivia, Plurinational State of 37.52% -18.1%
24th India 37.76% -5.4%
25th Zimbabwe 40.18% -12.9%
26th Algeria 40.39% -13.2%
27th Chad 40.64% -12.9%
28th Nepal 40.92% -16.9%
29th Malawi 41.03% -7.2%
30th Guatemala 41.14% -9.6%
31st Côte d'Ivoire 41.94% -6.1%
32nd Guinea-Bissau 42.89% -14.1%
33rd Iran, Islamic Republic of 43.88% -9.7%
34th New Zealand 43.98% -19.2%
35th Ecuador 43.99% -8.5%
36th Peru 44.25% -5.7%
37th Australia 44.50% -3.3%
38th Dominican Republic 44.73% -12.1%
39th Syrian Arab Republic 44.82% 6.7%
40th Benin 44.83% -29.6%
41st French Polynesia 45.83% -27.6%
42nd Russian Federation 45.97% -6.6%
43rd Afghanistan 46.71% -
44th Gambia, The 47.40% -15.4%
45th Saudi Arabia 47.53% -16.3%
46th Uruguay 47.73% -4.0%
47th Madagascar 49.01% -21.7%
48th Central African Republic 49.52% -1.1%
49th Lebanon 50.13% -20.4%
50th South Africa 50.76% -5.8%
51st Libya 50.98% -35.5%
52nd Israel 51.24% -9.0%
53rd Bahamas, The 53.42% -22.3%
54th Italy 53.94% -8.1%
55th Angola 54.34% -10.5%
56th New Caledonia 54.58% -6.2%
57th Togo 55.07% -2.3%
58th Rwanda 55.19% -4.8%
59th Tajikistan 55.75% -0.5%
60th Mali 56.04% 3.8%
61st Uzbekistan 56.05% -13.7%
62nd Kazakhstan 57.03% -12.1%
63rd Iraq 57.74% -16.3%
64th Philippines 58.17% -15.5%
65th Chile 58.18% 1.0%
66th France 58.84% -11.4%
67th United Kingdom 59.16% -9.0%
68th Spain 59.45% -10.4%
69th Albania 59.52% -21.0%
70th Senegal 60.05% -6.5%
71st Costa Rica 60.14% -8.5%
72nd Solomon Islands 60.22% -27.4%
73rd Türkiye 60.39% -3.5%
74th Burkina Faso 60.74% 0.5%
75th Congo, Democratic Republic of 61.03% 0.2%
76th Canada 61.16% -7.6%
77th Paraguay 62.76% -11.9%
78th Guam 63.67% -18.4%
79th Norway 65.35% -7.8%
80th Korea 65.54% -8.3%
81st Jordan 66.06% -22.9%
82nd El Salvador 66.46% -12.6%
83rd Ghana 66.58% -13.3%
84th West Bank and Gaza 67.29% -2.5%
85th Iceland 68.66% -18.1%
86th Panama 68.70% -14.6%
87th Morocco 68.84% -9.4%
88th Bermuda 69.19% -10.8%
89th Congo, Republic of 69.31% -24.3%
90th Vanuatu 69.91% -29.7%
91st Gabon 70.11% -4.5%
92nd Armenia 70.12% -28.3%
93rd Greece 70.29% -12.8%
94th Bhutan 71.83% -5.6%
95th Azerbaijan 72.02% -16.1%
96th Finland 72.18% -10.4%
97th Germany 72.93% -7.8%
98th Kosovo 75.61% -11.8%
99th Somalia, Fed. Rep. 75.70% 7.7%
100th Portugal 76.51% -11.8%
101st Mexico 76.85% -0.8%
102nd Namibia 76.93% -7.2%
103rd Samoa 77.48% -7.0%
104th Botswana 77.66% -6.5%
105th Equatorial Guinea 77.93% -17.9%
106th Romania 78.36% -7.7%
107th Cabo Verde 78.39% -24.3%
108th Kiribati 78.41% -20.3%
109th Northern Mariana Islands 78.98% -24.6%
110th Kyrgyz Republic 78.99% -16.3%
111th Ukraine 79.16% -12.5%
112th Zambia 79.21% 15.1%
113th Moldova 79.27% -9.5%
114th Belize 81.64% -20.3%
115th Tonga 81.85% -7.0%
116th Kuwait 82.01% -10.6%
117th Bosnia and Herzegovina 82.52% -12.7%
118th Greenland 82.66% -10.3%
119th European Union 83.82% -7.4%
120th Eswatini 84.01% -3.0%
121st Tunisia 84.33% -17.6%
122nd Sweden 84.47% -8.9%
123rd Timor-Leste 84.75% 20.0%
124th Micronesia, Federated States of 85.01% -11.2%
125th Mauritania 86.78% -7.2%
126th Montenegro 87.86% -20.1%
127th Honduras 88.00% -11.5%
128th Nicaragua 88.64% -5.7%
129th Croatia 89.55% -11.7%
130th Qatar 90.02% 0.0%
131st Oman 91.88% 6.2%
132nd Georgia 92.89% -21.2%
133rd Antigua and Barbuda 94.29% -31.4%
134th Faroe Islands 96.22% -11.4%
135th Thailand 97.80% -10.8%
136th Poland 99.26% -2.3%
137th Mozambique 99.91% -5.4%
138th Austria 99.95% -7.6%
139th Serbia 100.32% -6.7%
140th Palau 103.35% -10.5%
141st Puerto Rico (US) 103.51% -3.8%
142nd Denmark 104.43% -6.7%
143rd Cayman Islands 105.47% -8.2%
144th Marshall Islands 107.83% -29.5%
145th Brunei Darussalam 110.29% 1.6%
146th Bulgaria 110.42% -11.8%
147th Mongolia 112.84% -9.3%
148th Virgin Islands (US) 113.60% -26.9%
149th Maldives 114.36% -16.6%
150th Guinea 115.77% 47.6%
151st Malaysia 116.79% -5.1%
152nd Belarus 118.93% -9.1%
153rd Mauritius 121.13% -5.3%
154th Switzerland 121.79% -1.9%
155th Cambodia 122.11% 5.5%
156th Aruba 122.72% -11.0%
157th Macao SAR, China 123.43% 7.1%
158th Latvia 123.88% -1.1%
159th North Macedonia 128.24% -7.5%
160th Czechia 128.78% -6.8%
161st Nauru 134.98% -13.4%
162nd Bahrain 135.46% 0.0%
163rd Lithuania 135.80% -8.5%
164th Estonia 137.39% -2.1%
165th Lesotho 141.10% 0.4%
166th Slovenia 147.55% -7.8%
167th Netherlands 152.23% -5.3%
168th Seychelles 153.48% -11.5%
169th American Samoa 154.37% -1.4%
170th Hungary 154.53% -3.4%
171st Belgium 156.95% -5.1%
172nd Cyprus 160.67% 6.8%
173rd Viet Nam 163.25% -0.9%
174th Slovak Republic 167.53% -8.8%
175th United Arab Emirates 181.29% 10.7%
176th Djibouti 225.74% -29.7%
177th Malta 242.36% 4.0%
178th Ireland 258.78% 0.4%
179th San Marino 304.90% -0.8%
180th Singapore 332.04% 2.4%
181st Hong Kong SAR, China 350.68% -0.9%
182nd Luxembourg 375.58% -1.9%
Source: World Bank (NE.TRD.GNFS.ZS)

FAQ

What was Cabo Verde's trade openness in 2020?▾

Cabo Verde's trade openness in 2020 was 78.39%. This ranked 107th globally.

How did Cabo Verde's trade openness change in 2020?▾

Cabo Verde's trade openness decreased by 24.3% in 2020 compared to 2019.

Which country had the highest trade openness in 2020?▾

Luxembourg had the highest trade openness in 2020 at 375.58%.

What is the trade openness of Cabo Verde in 2020?▾

The trade openness of Cabo Verde in 2020 was 78.39%. This ranked 107th globally.

How does 2020 compare to 2019 for Cabo Verde's trade openness?▾

Cabo Verde's trade openness went from 103.60% in 2019 to 78.39% in 2020, a 24.3% decrease.

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2019 2021 All years Full ranking 2020 Exports Imports Trade Balance Current Account Balance FDI Inflows Peak: 2006 Lowest: 1993 Trade Openness 1990s Trade Openness 2000s Trade Openness 2010s Trade Openness 2020s Highest ever Lowest ever Average vs El Salvador vs Tuvalu vs Iraq vs Samoa African Union Trade Openness Global Ranking