Annual gdp growth in Cape Verde
Cape Verde: Annual gdp growth was 7.24 in 2024. ◆ Volatile
Latest (2024)
7.24
Change on year
up 51.1%
World rank
13th
of 212 countries
All-time high
15.84
in 2022
All-time low
-20.81
in 2020
Years of data
25
2000–2024
Annual gdp growth in Cape Verde, 2000–2024
Source: Our World in Data.
Analysis
The most recent figure for annual gdp growth in Cape Verde is 7.24, measured in 2024.
Compared with earlier readings it is up 51.1% on the previous year and up 934.3% 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 13th of 212 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual gdp growth in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 14.28 | — |
| 2001 | 2.23 | -84.4% |
| 2002 | 5.25 | +135.4% |
| 2003 | 4.18 | -20.4% |
| 2004 | 10.2 | +144.0% |
| 2005 | 6.91 | -32.3% |
| 2006 | 7.98 | +15.5% |
| 2007 | 15.17 | +90.1% |
| 2008 | 7.04 | -53.6% |
| 2009 | -1.5 | -121.3% |
| 2010 | 1.84 | -222.7% |
| 2011 | 3.92 | +113.0% |
| 2012 | 1.08 | -72.4% |
| 2013 | 0.63 | -41.7% |
| 2014 | 0.7 | +11.1% |
| 2015 | 0.94 | +34.3% |
| 2016 | 4.28 | +355.3% |
| 2017 | 4.55 | +6.3% |
| 2018 | 3.71 | -18.5% |
| 2019 | 6.95 | +87.3% |
| 2020 | -20.81 | -399.4% |
| 2021 | 7.03 | -133.8% |
| 2022 | 15.84 | +125.3% |
| 2023 | 4.79 | -69.8% |
| 2024 | 7.24 | +51.1% |
Cape Verde compared with similar countries
- Cape Verde's 7.24 is above the median for upper middle income countries, which is 3.5, 2.1× the median. (58 countries reporting)
- Cape Verde's 7.24 is above the median for Sub-Saharan Africa, which is 4.18, 1.7× the median. (48 countries reporting)
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 | 2.82 | -20.81 | 15.84 | 5 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Real gdp growth, annual growth rate 51.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 300.47 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.7172 units per person (2025)
- SDRs holdings, SDR, annual growth rate 281.36 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.5237 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.54 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 51.68 units per person (2025)
Frequently asked questions
- What is annual gdp growth in Cape Verde?
- Annual gdp growth in Cape Verde was 7.24 in 2024, 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 13th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Cape Verde?
- Over the last ten years it is up 934.3%. 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 — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).