Gross domestic product (GDP) in Cape Verde
Cape Verde: Gross domestic product (GDP) was 4.97 billion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Cape Verde, 1960–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Cape Verde is 4.97 billion international-$ in 2021 prices, measured in 2023.
The figure is up 4.8% on the previous year and up 25.4% over ten years.
Over the whole period, gross domestic product (gdp) in Cape Verde peaked at 4.97 billion international-$ in 2021 prices in 2019 and was at its lowest, 234.05 million international-$ in 2021 prices, in 1963.
That places Cape Verde 165th out of 184 countries with data for 2023, putting it in the bottom 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 |
|---|---|---|---|---|
| 1960s | 320.43 million international-$ in 2021 prices | 234.05 million international-$ in 2021 prices | 450.65 million international-$ in 2021 prices | 10 |
| 1970s | 517.01 million international-$ in 2021 prices | 459.98 million international-$ in 2021 prices | 570.80 million international-$ in 2021 prices | 10 |
| 1980s | 727.48 million international-$ in 2021 prices | 573.16 million international-$ in 2021 prices | 901.29 million international-$ in 2021 prices | 10 |
| 1990s | 1.20 billion international-$ in 2021 prices | 881.43 million international-$ in 2021 prices | 1.73 billion international-$ in 2021 prices | 10 |
| 2000s | 2.64 billion international-$ in 2021 prices | 1.87 billion international-$ in 2021 prices | 3.64 billion international-$ in 2021 prices | 10 |
| 2010s | 4.36 billion international-$ in 2021 prices | 3.93 billion international-$ in 2021 prices | 4.97 billion international-$ in 2021 prices | 10 |
| 2020s | 4.46 billion international-$ in 2021 prices | 3.91 billion international-$ in 2021 prices | 4.97 billion international-$ in 2021 prices | 4 |
Countries ranked near Cape Verde
- 162 Central African Republic 5.66 billion international-$ in 2021 prices compare
- 163 Lesotho 5.35 billion international-$ in 2021 prices compare
- 164 Guinea-Bissau 5.25 billion international-$ in 2021 prices compare
- 166 Aruba 4.89 billion international-$ in 2021 prices compare
- 167 Belize 4.87 billion international-$ in 2021 prices compare
- 168 Cayman Islands 4.37 billion international-$ in 2021 prices compare
More economy & growth data for Cape Verde
- External balance on goods and services as a percent of GDP -11.4% (2025)
- Inflation of consumer prices 2.3% (2025)
- GDP per capita 4,696 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 5.2% (2025)
- Gross domestic product (GDP) 2.48 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,696 constant 2015 US$ (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 gross domestic product (gdp) in Cape Verde?
- Gross domestic product (gdp) in Cape Verde was 4.97 billion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – 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 4.97 billion international-$ in 2021 prices in 2019.
- What is the lowest gross domestic product (gdp) recorded in Cape Verde?
- The lowest recorded value was 234.05 million international-$ in 2021 prices in 1963.
- How does Cape Verde rank for gross domestic product (gdp)?
- Cape Verde ranks 165th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Cape Verde?
- Over the last ten years it is up 25.4%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – 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.