Annual GDP growth in Cabo Verde
Cabo Verde: Annual GDP growth was 7.2% in 2024. ◆ Volatile
Latest (2024)
7.2%
Change on year
up 51.1%
Rank
2nd
of 34 groups
All-time high
15.8%
in 2022
All-time low
-20.8%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Cabo Verde, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Cabo Verde stood at 7.2%.
Compared with earlier readings it is up 51.1% on the previous year and up 939.8% over ten years.
Over the whole period, annual gdp growth in Cabo Verde peaked at 15.8% in 2022 and was at its lowest, -20.8%, in 2020.
That places Cabo Verde 2nd out of 34 groups with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Cabo Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 14.3% | — |
| 2001 | 2.2% | -84.4% |
| 2002 | 5.3% | +135.3% |
| 2003 | 4.2% | -20.5% |
| 2004 | 10.2% | +144.2% |
| 2005 | 6.9% | -32.2% |
| 2006 | 8.0% | +15.5% |
| 2007 | 15.2% | +90.0% |
| 2008 | 7.0% | -53.6% |
| 2009 | -1.5% | -121.4% |
| 2010 | 1.8% | -222.1% |
| 2011 | 3.9% | +113.7% |
| 2012 | 1.1% | -72.4% |
| 2013 | 0.6% | -41.7% |
| 2014 | 0.7% | +10.2% |
| 2015 | 0.9% | +34.4% |
| 2016 | 4.3% | +357.3% |
| 2017 | 4.6% | +6.3% |
| 2018 | 3.7% | -18.6% |
| 2019 | 6.9% | +87.4% |
| 2020 | -20.8% | -399.5% |
| 2021 | 7.0% | -133.8% |
| 2022 | 15.8% | +125.3% |
| 2023 | 4.8% | -69.7% |
| 2024 | 7.2% | +51.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.2% | -1.5% | 15.2% | 10 |
| 2010s | 2.9% | 0.6% | 6.9% | 10 |
| 2020s | 2.8% | -20.8% | 15.8% | 5 |
Countries ranked near Cabo Verde
- 1 Guyana 43.8% compare
- 2 Northern Mariana Islands 16.6% compare
- 3 Niger 10.3% compare
- 4 Georgia 9.7% compare
- 5 Kyrgyzstan 9.0% compare
More economy & growth data for Cabo Verde
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.51 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.56 Percent per annum (2029)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 2.73 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 7.27 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 6.75 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 52,503 million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 515.13 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 5.98 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.61 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 5.98 % (2024)
Frequently asked questions
- What is annual gdp growth in Cabo Verde?
- Annual gdp growth in Cabo Verde was 7.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Cabo Verde?
- The highest recorded value was 15.8% in 2022.
- What is the lowest annual gdp growth recorded in Cabo Verde?
- The lowest recorded value was -20.8% in 2020.
- How does Cabo Verde rank for annual gdp growth?
- Cabo Verde ranks 2nd out of 34 groups with data for 2024.
- Is annual gdp growth rising or falling in Cabo Verde?
- Over the last ten years it is up 939.8%. The long-run trend across the full record is volatile.
- Where does this Cabo Verde data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).