Gross domestic product (GDP) in Cape Verde
Cape Verde: Gross domestic product (GDP) was 4.97 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
4.97 billion international-$ in 2021 prices
Change on year
up 4.8%
World rank
165th
of 184 countries
All-time high
4.97 billion international-$ in 2021 prices
in 2019
All-time low
234.05 million international-$ in 2021 prices
in 1963
Years of data
64
1960–2023
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.
Gross domestic product (GDP) in Cape Verde, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1960 | 274.69 million international-$ in 2021 prices | — |
| 1961 | 328.37 million international-$ in 2021 prices | +19.5% |
| 1962 | 279.75 million international-$ in 2021 prices | -14.8% |
| 1963 | 234.05 million international-$ in 2021 prices | -16.3% |
| 1964 | 253.02 million international-$ in 2021 prices | +8.1% |
| 1965 | 265.93 million international-$ in 2021 prices | +5.1% |
| 1966 | 331.89 million international-$ in 2021 prices | +24.8% |
| 1967 | 372.92 million international-$ in 2021 prices | +12.4% |
| 1968 | 412.99 million international-$ in 2021 prices | +10.7% |
| 1969 | 450.65 million international-$ in 2021 prices | +9.1% |
| 1970 | 509.02 million international-$ in 2021 prices | +13.0% |
| 1971 | 535.85 million international-$ in 2021 prices | +5.3% |
| 1972 | 547.90 million international-$ in 2021 prices | +2.2% |
| 1973 | 556.87 million international-$ in 2021 prices | +1.6% |
| 1974 | 570.80 million international-$ in 2021 prices | +2.5% |
| 1975 | 474.47 million international-$ in 2021 prices | -16.9% |
| 1976 | 482.82 million international-$ in 2021 prices | +1.8% |
| 1977 | 459.98 million international-$ in 2021 prices | -4.7% |
| 1978 | 504.28 million international-$ in 2021 prices | +9.6% |
| 1979 | 528.11 million international-$ in 2021 prices | +4.7% |
| 1980 | 573.16 million international-$ in 2021 prices | +8.5% |
| 1981 | 615.32 million international-$ in 2021 prices | +7.4% |
| 1982 | 657.00 million international-$ in 2021 prices | +6.8% |
| 1983 | 708.84 million international-$ in 2021 prices | +7.9% |
| 1984 | 678.08 million international-$ in 2021 prices | -4.3% |
| 1985 | 693.13 million international-$ in 2021 prices | +2.2% |
| 1986 | 784.88 million international-$ in 2021 prices | +13.2% |
| 1987 | 820.73 million international-$ in 2021 prices | +4.6% |
| 1988 | 842.34 million international-$ in 2021 prices | +2.6% |
| 1989 | 901.29 million international-$ in 2021 prices | +7.0% |
| 1990 | 881.43 million international-$ in 2021 prices | -2.2% |
| 1991 | 890.30 million international-$ in 2021 prices | +1.0% |
| 1992 | 973.86 million international-$ in 2021 prices | +9.4% |
| 1993 | 1.03 billion international-$ in 2021 prices | +6.2% |
| 1994 | 1.21 billion international-$ in 2021 prices | +17.0% |
| 1995 | 1.12 billion international-$ in 2021 prices | -7.6% |
| 1996 | 1.35 billion international-$ in 2021 prices | +20.9% |
| 1997 | 1.32 billion international-$ in 2021 prices | -2.5% |
| 1998 | 1.48 billion international-$ in 2021 prices | +12.7% |
| 1999 | 1.73 billion international-$ in 2021 prices | +16.8% |
| 2000 | 1.87 billion international-$ in 2021 prices | +7.9% |
| 2001 | 2.00 billion international-$ in 2021 prices | +7.2% |
| 2002 | 2.11 billion international-$ in 2021 prices | +5.4% |
| 2003 | 2.26 billion international-$ in 2021 prices | +6.9% |
| 2004 | 2.47 billion international-$ in 2021 prices | +9.4% |
| 2005 | 2.56 billion international-$ in 2021 prices | +3.8% |
| 2006 | 2.75 billion international-$ in 2021 prices | +7.4% |
| 2007 | 3.19 billion international-$ in 2021 prices | +16.0% |
| 2008 | 3.54 billion international-$ in 2021 prices | +11.1% |
| 2009 | 3.64 billion international-$ in 2021 prices | +2.6% |
| 2010 | 3.93 billion international-$ in 2021 prices | +8.2% |
| 2011 | 4.31 billion international-$ in 2021 prices | +9.7% |
| 2012 | 4.17 billion international-$ in 2021 prices | -3.3% |
| 2013 | 3.96 billion international-$ in 2021 prices | -5.0% |
| 2014 | 3.99 billion international-$ in 2021 prices | +0.6% |
| 2015 | 4.19 billion international-$ in 2021 prices | +5.1% |
| 2016 | 4.59 billion international-$ in 2021 prices | +9.5% |
| 2017 | 4.88 billion international-$ in 2021 prices | +6.4% |
| 2018 | 4.55 billion international-$ in 2021 prices | -6.8% |
| 2019 | 4.97 billion international-$ in 2021 prices | +9.3% |
| 2020 | 3.91 billion international-$ in 2021 prices | -21.3% |
| 2021 | 4.23 billion international-$ in 2021 prices | +8.2% |
| 2022 | 4.74 billion international-$ in 2021 prices | +11.9% |
| 2023 | 4.97 billion international-$ in 2021 prices | +4.8% |
Cape Verde compared with similar countries
- Cape Verde's 4.97 billion international-$ in 2021 prices is below the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 3% of the median. (51 countries reporting)
- Cape Verde's 4.97 billion international-$ in 2021 prices is below the median for Sub-Saharan Africa, which is 45.59 billion international-$ in 2021 prices, 11% of the median. (47 countries reporting)
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
- 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 4.97 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.
Download this data
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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.