Annual gdp growth in Cape Verde
Cape Verde: Annual gdp growth was 5.48 in 2023. ◆ Volatile
Latest (2023)
5.48
Change on year
down 65.4%
World rank
35th
of 211 countries
All-time high
15.84
in 2022
All-time low
-20.81
in 2020
Years of data
24
2000–2023
Annual gdp growth in Cape Verde, 2000–2023
Source: Our World in Data.
Analysis
The most recent figure for annual gdp growth in Cape Verde is 5.48, measured in 2023.
Compared with earlier readings it is down 65.4% on the previous year and up 769.8% over ten years.
Over the whole period, annual gdp growth in Cape Verde peaked at 15.84 in 2022 and was at its lowest, -20.81, in 2020.
Cape Verde ranks 35th of 211 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.17 | -1.5 | 15.17 | 10 |
| 2010s | 2.86 | 0.63 | 6.95 | 10 |
| 2020s | 1.89 | -20.81 | 15.84 | 4 |
Countries ranked near Cape Verde
- 32 Sierra Leone 5.71 compare
- 33 Kenya 5.56 compare
- 34 Philippines 5.55 compare
- 36 Mozambique 5.44 compare
- 37 Zambia 5.37 compare
- 38 Uganda 5.34 compare
- 38 Zimbabwe 5.34 compare
More economy & growth data for Cape Verde
- External balance on goods and services as a percent of gdp -11.38 (2025)
- Inflation of consumer prices 2.34 (2025)
- Gdp per capita worldbank constant usd 4,696 (2025)
- Manufacturing value added to gdp 5.19 (2025)
- Gdp worldbank constant usd 2.48 billion (2025)
- Gdp per capita in international and market dollars 4,696 (2025)
- DEC alternative conversion factor 97.86 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 48.85 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 499.14 million current US$ (2025)
- Taxes less subsidies on products 48.82 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Cape Verde?
- Annual gdp growth in Cape Verde was 5.48 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in Cape Verde?
- The highest recorded value was 15.84 in 2022.
- What is the lowest annual gdp growth recorded in Cape Verde?
- The lowest recorded value was -20.81 in 2020.
- How does Cape Verde rank for annual gdp growth?
- Cape Verde ranks 35th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Cape Verde?
- Over the last ten years it is up 769.8%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).