Gross domestic product (GDP) in Cape Verde
Cape Verde: Gross domestic product (GDP) was 4.25 billion international-$ in 2011 prices in 2022. ◆ Volatile
Latest (2022)
4.25 billion international-$ in 2011 prices
Change on year
up 17.7%
World rank
156th
of 166 countries
All-time high
4.25 billion international-$ in 2011 prices
in 2022
All-time low
146.88 million international-$ in 2011 prices
in 1950
Years of data
73
1950–2022
Gross domestic product (GDP) in Cape Verde, 1950–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
In 2022, gross domestic product (gdp) in Cape Verde stood at 4.25 billion international-$ in 2011 prices. That is the highest value across all 73 years on record.
The figure is up 17.7% on the previous year and up 29.3% over ten years.
Over the whole period, gross domestic product (gdp) in Cape Verde peaked at 4.25 billion international-$ in 2011 prices in 2022 and was at its lowest, 146.88 million international-$ in 2011 prices, in 1950.
That places Cape Verde 156th out of 166 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Cape Verde, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1950 | 146.88 million international-$ in 2011 prices | — |
| 1951 | 153.87 million international-$ in 2011 prices | +4.8% |
| 1952 | 159.81 million international-$ in 2011 prices | +3.9% |
| 1953 | 167.04 million international-$ in 2011 prices | +4.5% |
| 1954 | 168.92 million international-$ in 2011 prices | +1.1% |
| 1955 | 174.75 million international-$ in 2011 prices | +3.4% |
| 1956 | 182.18 million international-$ in 2011 prices | +4.3% |
| 1957 | 182.16 million international-$ in 2011 prices | -0.0% |
| 1958 | 185.74 million international-$ in 2011 prices | +2.0% |
| 1959 | 207.62 million international-$ in 2011 prices | +11.8% |
| 1960 | 223.59 million international-$ in 2011 prices | +7.7% |
| 1961 | 238.12 million international-$ in 2011 prices | +6.5% |
| 1962 | 253.47 million international-$ in 2011 prices | +6.4% |
| 1963 | 268.43 million international-$ in 2011 prices | +5.9% |
| 1964 | 282.69 million international-$ in 2011 prices | +5.3% |
| 1965 | 298.35 million international-$ in 2011 prices | +5.5% |
| 1966 | 312.85 million international-$ in 2011 prices | +4.9% |
| 1967 | 328.02 million international-$ in 2011 prices | +4.8% |
| 1968 | 342.14 million international-$ in 2011 prices | +4.3% |
| 1969 | 357.89 million international-$ in 2011 prices | +4.6% |
| 1970 | 372.56 million international-$ in 2011 prices | +4.1% |
| 1971 | 391.75 million international-$ in 2011 prices | +5.2% |
| 1972 | 400.68 million international-$ in 2011 prices | +2.3% |
| 1973 | 407.19 million international-$ in 2011 prices | +1.6% |
| 1974 | 417.66 million international-$ in 2011 prices | +2.6% |
| 1975 | 346.36 million international-$ in 2011 prices | -17.1% |
| 1976 | 354.03 million international-$ in 2011 prices | +2.2% |
| 1977 | 336.34 million international-$ in 2011 prices | -5.0% |
| 1978 | 368.48 million international-$ in 2011 prices | +9.6% |
| 1979 | 381.19 million international-$ in 2011 prices | +3.5% |
| 1980 | 400.19 million international-$ in 2011 prices | +5.0% |
| 1981 | 434.10 million international-$ in 2011 prices | +8.5% |
| 1982 | 446.88 million international-$ in 2011 prices | +2.9% |
| 1983 | 489.10 million international-$ in 2011 prices | +9.4% |
| 1984 | 507.31 million international-$ in 2011 prices | +3.7% |
| 1985 | 552.21 million international-$ in 2011 prices | +8.9% |
| 1986 | 566.89 million international-$ in 2011 prices | +2.7% |
| 1987 | 592.34 million international-$ in 2011 prices | +4.5% |
| 1988 | 628.24 million international-$ in 2011 prices | +6.1% |
| 1989 | 663.30 million international-$ in 2011 prices | +5.6% |
| 1990 | 668.10 million international-$ in 2011 prices | +0.7% |
| 1991 | 689.94 million international-$ in 2011 prices | +3.3% |
| 1992 | 722.54 million international-$ in 2011 prices | +4.7% |
| 1993 | 790.27 million international-$ in 2011 prices | +9.4% |
| 1994 | 861.45 million international-$ in 2011 prices | +9.0% |
| 1995 | 941.29 million international-$ in 2011 prices | +9.3% |
| 1996 | 1.02 billion international-$ in 2011 prices | +8.9% |
| 1997 | 1.12 billion international-$ in 2011 prices | +9.5% |
| 1998 | 1.24 billion international-$ in 2011 prices | +10.4% |
| 1999 | 1.41 billion international-$ in 2011 prices | +14.0% |
| 2000 | 1.54 billion international-$ in 2011 prices | +9.1% |
| 2001 | 1.66 billion international-$ in 2011 prices | +8.0% |
| 2002 | 1.79 billion international-$ in 2011 prices | +7.4% |
| 2003 | 1.90 billion international-$ in 2011 prices | +6.6% |
| 2004 | 2.02 billion international-$ in 2011 prices | +6.2% |
| 2005 | 2.19 billion international-$ in 2011 prices | +8.5% |
| 2006 | 2.46 billion international-$ in 2011 prices | +12.0% |
| 2007 | 2.72 billion international-$ in 2011 prices | +10.7% |
| 2008 | 2.96 billion international-$ in 2011 prices | +8.7% |
| 2009 | 2.97 billion international-$ in 2011 prices | +0.4% |
| 2010 | 3.07 billion international-$ in 2011 prices | +3.4% |
| 2011 | 3.25 billion international-$ in 2011 prices | +5.8% |
| 2012 | 3.29 billion international-$ in 2011 prices | +1.2% |
| 2013 | 3.31 billion international-$ in 2011 prices | +0.7% |
| 2014 | 3.38 billion international-$ in 2011 prices | +2.0% |
| 2015 | 3.42 billion international-$ in 2011 prices | +1.4% |
| 2016 | 3.57 billion international-$ in 2011 prices | +4.4% |
| 2017 | 3.75 billion international-$ in 2011 prices | +5.0% |
| 2018 | 3.89 billion international-$ in 2011 prices | +3.8% |
| 2019 | 4.19 billion international-$ in 2011 prices | +7.6% |
| 2020 | 3.38 billion international-$ in 2011 prices | -19.3% |
| 2021 | 3.61 billion international-$ in 2011 prices | +6.8% |
| 2022 | 4.25 billion international-$ in 2011 prices | +17.7% |
Cape Verde compared with similar countries
- Cape Verde's 4.25 billion international-$ in 2011 prices is below the median for upper middle income countries, which is 146.22 billion international-$ in 2011 prices, 3% of the median. (47 countries reporting)
- Cape Verde's 4.25 billion international-$ in 2011 prices is below the median for Sub-Saharan Africa, which is 26.73 billion international-$ in 2011 prices, 16% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 172.90 million international-$ in 2011 prices | 146.88 million international-$ in 2011 prices | 207.62 million international-$ in 2011 prices | 10 |
| 1960s | 290.56 million international-$ in 2011 prices | 223.59 million international-$ in 2011 prices | 357.89 million international-$ in 2011 prices | 10 |
| 1970s | 377.62 million international-$ in 2011 prices | 336.34 million international-$ in 2011 prices | 417.66 million international-$ in 2011 prices | 10 |
| 1980s | 528.06 million international-$ in 2011 prices | 400.19 million international-$ in 2011 prices | 663.30 million international-$ in 2011 prices | 10 |
| 1990s | 947.16 million international-$ in 2011 prices | 668.10 million international-$ in 2011 prices | 1.41 billion international-$ in 2011 prices | 10 |
| 2000s | 2.22 billion international-$ in 2011 prices | 1.54 billion international-$ in 2011 prices | 2.97 billion international-$ in 2011 prices | 10 |
| 2010s | 3.51 billion international-$ in 2011 prices | 3.07 billion international-$ in 2011 prices | 4.19 billion international-$ in 2011 prices | 10 |
| 2020s | 3.75 billion international-$ in 2011 prices | 3.38 billion international-$ in 2011 prices | 4.25 billion international-$ in 2011 prices | 3 |
Countries ranked near Cape Verde
- 153 Burundi 9.18 billion international-$ in 2011 prices compare
- 154 Lesotho 4.76 billion international-$ in 2011 prices compare
- 155 Gambia 4.66 billion international-$ in 2011 prices compare
- 157 Liberia 4.23 billion international-$ in 2011 prices compare
- 158 Central African Republic 3.75 billion international-$ in 2011 prices compare
- 159 Barbados 3.41 billion international-$ in 2011 prices compare
More economy & growth data for Cape Verde
- Foreign direct investment, net outflows (BoP, current US$), gaps 23.86 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0078 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 45.25 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 153.85 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 39.95 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0503 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 291.76 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 60.76 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.4119 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 2,387 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Cape Verde?
- Gross domestic product (gdp) in Cape Verde was 4.25 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Cape Verde?
- The highest recorded value was 4.25 billion international-$ in 2011 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Cape Verde?
- The lowest recorded value was 146.88 million international-$ in 2011 prices in 1950.
- How does Cape Verde rank for gross domestic product (gdp)?
- Cape Verde ranks 156th out of 166 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Cape Verde?
- Over the last ten years it is up 29.3%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.