Gross domestic product (GDP), annual growth rate (Bolt) in Cape Verde
Cape Verde: Gross domestic product (GDP), annual growth rate (Bolt) was 17.71 % change on previous year in 2022. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Cape Verde, 1951–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Cape Verde is 17.71 % change on previous year, measured in 2022. That is the highest value across all 72 years on record.
The figure is up 160.1% on the previous year and up 1,381.8% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Cape Verde peaked at 17.71 % change on previous year in 2022 and was at its lowest, -19.3 % change on previous year, in 2020.
That places Cape Verde 1st out of 166 countries with data for 2022, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in Cape Verde, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 4.76 % change on previous year | — |
| 1952 | 3.86 % change on previous year | -19.0% |
| 1953 | 4.53 % change on previous year | +17.4% |
| 1954 | 1.13 % change on previous year | -75.1% |
| 1955 | 3.45 % change on previous year | +206.4% |
| 1956 | 4.25 % change on previous year | +23.3% |
| 1957 | -0.0099 % change on previous year | -100.2% |
| 1958 | 1.97 % change on previous year | -19990.9% |
| 1959 | 11.78 % change on previous year | +499.3% |
| 1960 | 7.7 % change on previous year | -34.7% |
| 1961 | 6.5 % change on previous year | -15.6% |
| 1962 | 6.45 % change on previous year | -0.8% |
| 1963 | 5.9 % change on previous year | -8.5% |
| 1964 | 5.31 % change on previous year | -10.0% |
| 1965 | 5.54 % change on previous year | +4.3% |
| 1966 | 4.86 % change on previous year | -12.3% |
| 1967 | 4.85 % change on previous year | -0.3% |
| 1968 | 4.31 % change on previous year | -11.2% |
| 1969 | 4.6 % change on previous year | +7.0% |
| 1970 | 4.1 % change on previous year | -11.0% |
| 1971 | 5.15 % change on previous year | +25.6% |
| 1972 | 2.28 % change on previous year | -55.8% |
| 1973 | 1.63 % change on previous year | -28.6% |
| 1974 | 2.57 % change on previous year | +58.2% |
| 1975 | -17.07 % change on previous year | -763.8% |
| 1976 | 2.22 % change on previous year | -113.0% |
| 1977 | -5 % change on previous year | -325.6% |
| 1978 | 9.56 % change on previous year | -291.2% |
| 1979 | 3.45 % change on previous year | -63.9% |
| 1980 | 4.98 % change on previous year | +44.4% |
| 1981 | 8.47 % change on previous year | +70.0% |
| 1982 | 2.94 % change on previous year | -65.3% |
| 1983 | 9.45 % change on previous year | +220.9% |
| 1984 | 3.72 % change on previous year | -60.6% |
| 1985 | 8.85 % change on previous year | +137.8% |
| 1986 | 2.66 % change on previous year | -70.0% |
| 1987 | 4.49 % change on previous year | +69.0% |
| 1988 | 6.06 % change on previous year | +35.0% |
| 1989 | 5.58 % change on previous year | -7.9% |
| 1990 | 0.7237 % change on previous year | -87.0% |
| 1991 | 3.27 % change on previous year | +351.8% |
| 1992 | 4.72 % change on previous year | +44.5% |
| 1993 | 9.38 % change on previous year | +98.5% |
| 1994 | 9.01 % change on previous year | -3.9% |
| 1995 | 9.27 % change on previous year | +2.9% |
| 1996 | 8.86 % change on previous year | -4.4% |
| 1997 | 9.51 % change on previous year | +7.3% |
| 1998 | 10.4 % change on previous year | +9.4% |
| 1999 | 14.01 % change on previous year | +34.6% |
| 2000 | 9.1 % change on previous year | -35.0% |
| 2001 | 7.98 % change on previous year | -12.3% |
| 2002 | 7.41 % change on previous year | -7.2% |
| 2003 | 6.56 % change on previous year | -11.5% |
| 2004 | 6.2 % change on previous year | -5.5% |
| 2005 | 8.51 % change on previous year | +37.4% |
| 2006 | 11.97 % change on previous year | +40.6% |
| 2007 | 10.71 % change on previous year | -10.5% |
| 2008 | 8.68 % change on previous year | -19.0% |
| 2009 | 0.4241 % change on previous year | -95.1% |
| 2010 | 3.43 % change on previous year | +709.8% |
| 2011 | 5.77 % change on previous year | +67.9% |
| 2012 | 1.2 % change on previous year | -79.3% |
| 2013 | 0.7058 % change on previous year | -41.0% |
| 2014 | 1.96 % change on previous year | +178.1% |
| 2015 | 1.36 % change on previous year | -30.5% |
| 2016 | 4.44 % change on previous year | +225.6% |
| 2017 | 5 % change on previous year | +12.6% |
| 2018 | 3.75 % change on previous year | -24.9% |
| 2019 | 7.64 % change on previous year | +103.4% |
| 2020 | -19.3 % change on previous year | -352.8% |
| 2021 | 6.81 % change on previous year | -135.3% |
| 2022 | 17.71 % change on previous year | +160.1% |
Cape Verde compared with similar countries
- Cape Verde's 17.71 % change on previous year is above the median for upper middle income countries, which is 3.25 % change on previous year, 5.5× the median. (47 countries reporting)
- Cape Verde's 17.71 % change on previous year is above the median for Sub-Saharan Africa, which is 3.8 % change on previous year, 4.7× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) in Cape Verde changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1958 | +19990.9% | -0.0099 % change on previous year | 1.97 % change on previous year |
| 1975 | -763.8% | 2.57 % change on previous year | -17.07 % change on previous year |
| 2010 | +709.8% | 0.4241 % change on previous year | 3.43 % change on previous year |
| 1959 | +499.3% | 1.97 % change on previous year | 11.78 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 3.97 % change on previous year | -0.0099 % change on previous year | 11.78 % change on previous year | 9 |
| 1960s | 5.6 % change on previous year | 4.31 % change on previous year | 7.7 % change on previous year | 10 |
| 1970s | 0.8877 % change on previous year | -17.07 % change on previous year | 9.56 % change on previous year | 10 |
| 1980s | 5.72 % change on previous year | 2.66 % change on previous year | 9.45 % change on previous year | 10 |
| 1990s | 7.91 % change on previous year | 0.7237 % change on previous year | 14.01 % change on previous year | 10 |
| 2000s | 7.75 % change on previous year | 0.4241 % change on previous year | 11.97 % change on previous year | 10 |
| 2010s | 3.53 % change on previous year | 0.7058 % change on previous year | 7.64 % change on previous year | 10 |
| 2020s | 1.74 % change on previous year | -19.3 % change on previous year | 17.71 % change on previous year | 3 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- 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)
- IMF holdings of currency, SDR, annual growth rate -0.4522 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Cape Verde?
- Gross domestic product (gdp), annual growth rate in Cape Verde was 17.71 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Cape Verde?
- The highest recorded value was 17.71 % change on previous year in 2022.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Cape Verde?
- The lowest recorded value was -19.3 % change on previous year in 2020.
- How does Cape Verde rank for gross domestic product (gdp), annual growth rate?
- Cape Verde ranks 1st out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Cape Verde?
- Over the last ten years it is up 1,381.8%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 72 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.