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Total natural resource rents in Cape Verde

Cape Verde: Total natural resource rents was 17.7% in 2021. ◆ Volatile

Latest (2021)
17.7%
Change on year
up 52.4%
World rank
30th
of 211 countries
All-time high
70.4%
in 1989
All-time low
9.5%
in 2015
Years of data
35
1987–2021

Total natural resource rents in Cape Verde, 1987–2021

0204060801987200420211987: 60.9 % of GDP1988: 60.1 % of GDP1989: 70.4 % of GDP1990: 59.4 % of GDP1991: 56.3 % of GDP1992: 45.7 % of GDP1993: 27.1 % of GDP1994: 28.7 % of GDP1995: 30 % of GDP1996: 29.5 % of GDP1997: 28.6 % of GDP1998: 22.6 % of GDP1999: 14.3 % of GDP2000: 17.5 % of GDP2001: 24.3 % of GDP2002: 19.2 % of GDP2003: 14.4 % of GDP2004: 25.7 % of GDP2005: 32.2 % of GDP2006: 30.9 % of GDP2007: 22.1 % of GDP2008: 49.2 % of GDP2009: 21.7 % of GDP2010: 33.3 % of GDP2011: 40.1 % of GDP2012: 25.1 % of GDP2013: 16.6 % of GDP2014: 12 % of GDP2015: 9.5 % of GDP2016: 10.2 % of GDP2017: 12.3 % of GDP2018: 14.3 % of GDP2019: 13.2 % of GDP2020: 11.6 % of GDP2021: 17.7 % of GDP

Source: The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.

Analysis

Cape Verde recorded 17.7% for total natural resource rents in 2021.

The figure is up 52.4% on the previous year and down 56.0% over ten years.

Over the whole period, total natural resource rents in Cape Verde peaked at 70.4% in 1989 and was at its lowest, 9.5%, in 2015.

That places Cape Verde 30th out of 211 countries with data for 2021, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Total natural resource rents in Cape Verde, year by year

Year % of GDP Change
1987 60.9% —
1988 60.1% -1.3%
1989 70.4% +17.1%
1990 59.4% -15.5%
1991 56.3% -5.2%
1992 45.7% -18.9%
1993 27.1% -40.6%
1994 28.7% +5.8%
1995 30.0% +4.4%
1996 29.5% -1.6%
1997 28.6% -3.1%
1998 22.6% -21.2%
1999 14.3% -36.7%
2000 17.5% +22.3%
2001 24.3% +38.9%
2002 19.2% -20.9%
2003 14.4% -25.2%
2004 25.7% +78.7%
2005 32.2% +25.3%
2006 30.9% -4.0%
2007 22.1% -28.5%
2008 49.2% +123.1%
2009 21.7% -55.8%
2010 33.3% +53.0%
2011 40.1% +20.6%
2012 25.1% -37.6%
2013 16.6% -33.9%
2014 12.0% -27.5%
2015 9.5% -20.9%
2016 10.2% +7.3%
2017 12.3% +20.9%
2018 14.3% +16.4%
2019 13.2% -8.2%
2020 11.6% -12.0%
2021 17.7% +52.4%

Cape Verde compared with similar countries

  • Cape Verde's 17.7% is above the median for upper middle income countries, which is 1.8%, 9.6× the median. (58 countries reporting)
  • Cape Verde's 17.7% is above the median for Sub-Saharan Africa, which is 7.7%, 2.3× the median. (48 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1980s 63.8% 60.1% 70.4% 3
1990s 34.2% 14.3% 59.4% 10
2000s 25.7% 14.4% 49.2% 10
2010s 18.7% 9.5% 40.1% 10
2020s 14.6% 11.6% 17.7% 2

Countries ranked near Cape Verde

  1. 27 Gabon 18.5% compare
  2. 28 Mali 18.4% compare
  3. 29 Solomon Islands 18.4% compare
  4. 31 United Arab Emirates 17.6% compare
  5. 32 Chile 16.9% compare
  6. 33 New Caledonia 16.8% compare

See the full ranking of 211 places →

More reference data data for Cape Verde

All data for Cape Verde →

Frequently asked questions

What is total natural resource rents in Cape Verde?
Total natural resource rents in Cape Verde was 17.7% in 2021, according to The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data.
What is the highest total natural resource rents recorded in Cape Verde?
The highest recorded value was 70.4% in 1989.
What is the lowest total natural resource rents recorded in Cape Verde?
The lowest recorded value was 9.5% in 2015.
How does Cape Verde rank for total natural resource rents?
Cape Verde ranks 30th out of 211 countries with data for 2021.
Is total natural resource rents rising or falling in Cape Verde?
Over the last ten years it is down 56.0%. The long-run trend across the full record is volatile.
Where does this Cape Verde data come from?
The figures come from The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data, published as part of Total natural resource rents. Statizoid updates them automatically from the source API.

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Total natural resource rents in Cape Verde. Statizoid, drawing on The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/stat/natural-resource-rents/cabo-verde/

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About this data

Indicator
Total natural resource rents
Unit
% of GDP
Source
The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
211 places, 9,209 data points, 1970–2021
Last refreshed

Natural resources rents are estimated as the difference between the price of a commodity and the average cost of producing it. Total natural resources rents are the sum of oil rents, natural gas rents, coal rents, mineral rents, and forest rents.