Annual growth of the gross capital formation in Cape Verde
Cape Verde: Annual growth of the gross capital formation was -5.6% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Cape Verde, 2008–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Cape Verde recorded -5.6% for annual growth of the gross capital formation in 2024.
The figure is down 695.7% on the previous year and down 132.5% over ten years.
Over the whole period, annual growth of the gross capital formation in Cape Verde peaked at 17.2% in 2014 and was at its lowest, -20.3%, in 2012.
That places Cape Verde 138th out of 167 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Cape Verde, year by year
| Year | % | Change |
|---|---|---|
| 2008 | 4.0% | — |
| 2009 | -9.6% | -342.9% |
| 2010 | 10.7% | -210.9% |
| 2011 | 1.8% | -83.2% |
| 2012 | -20.3% | -1236.3% |
| 2013 | -12.8% | -37.2% |
| 2014 | 17.2% | -234.8% |
| 2015 | -16.1% | -193.4% |
| 2016 | 7.7% | -147.6% |
| 2017 | 2.3% | -69.5% |
| 2018 | 4.0% | +72.2% |
| 2019 | -3.7% | -191.8% |
| 2020 | 0.1% | -102.2% |
| 2021 | 2.4% | +2937.5% |
| 2022 | -10.3% | -523.5% |
| 2023 | 0.9% | -109.1% |
| 2024 | -5.6% | -695.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.8% | -9.6% | 4.0% | 2 |
| 2010s | -0.9% | -20.3% | 17.2% | 10 |
| 2020s | -2.5% | -10.3% | 2.4% | 5 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Manufacturing, value added (current US$), per unit of GDP 0.0519 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 300.87 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 5.08 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 29,444 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0402 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 232.74 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 23,131 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 12.74 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1072 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 621.56 current US$ per person (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Cape Verde?
- Annual growth of the gross capital formation in Cape Verde was -5.6% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Cape Verde?
- The highest recorded value was 17.2% in 2014.
- What is the lowest annual growth of the gross capital formation recorded in Cape Verde?
- The lowest recorded value was -20.3% in 2012.
- How does Cape Verde rank for annual growth of the gross capital formation?
- Cape Verde ranks 138th out of 167 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Cape Verde?
- Over the last ten years it is down 132.5%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).