Gross domestic product (GDP), annual growth rate in Cape Verde
Cape Verde: Gross domestic product (GDP), annual growth rate was 4.83 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Cape Verde, 1961–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in Cape Verde stood at 4.83 % change on previous year.
That represents a change of down 59.4% on the previous year and up 195.9% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Cape Verde peaked at 24.8 % change on previous year in 1966 and was at its lowest, -21.29 % change on previous year, in 2020.
Cape Verde ranks 54th of 184 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Cape Verde, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 19.54 % change on previous year | — |
| 1962 | -14.81 % change on previous year | -175.8% |
| 1963 | -16.33 % change on previous year | +10.3% |
| 1964 | 8.11 % change on previous year | -149.6% |
| 1965 | 5.1 % change on previous year | -37.0% |
| 1966 | 24.8 % change on previous year | +386.0% |
| 1967 | 12.36 % change on previous year | -50.2% |
| 1968 | 10.74 % change on previous year | -13.1% |
| 1969 | 9.12 % change on previous year | -15.1% |
| 1970 | 12.95 % change on previous year | +42.1% |
| 1971 | 5.27 % change on previous year | -59.3% |
| 1972 | 2.25 % change on previous year | -57.3% |
| 1973 | 1.64 % change on previous year | -27.3% |
| 1974 | 2.5 % change on previous year | +53.0% |
| 1975 | -16.88 % change on previous year | -774.2% |
| 1976 | 1.76 % change on previous year | -110.4% |
| 1977 | -4.73 % change on previous year | -368.7% |
| 1978 | 9.63 % change on previous year | -303.6% |
| 1979 | 4.73 % change on previous year | -50.9% |
| 1980 | 8.53 % change on previous year | +80.5% |
| 1981 | 7.36 % change on previous year | -13.8% |
| 1982 | 6.77 % change on previous year | -7.9% |
| 1983 | 7.89 % change on previous year | +16.5% |
| 1984 | -4.34 % change on previous year | -155.0% |
| 1985 | 2.22 % change on previous year | -151.1% |
| 1986 | 13.24 % change on previous year | +496.6% |
| 1987 | 4.57 % change on previous year | -65.5% |
| 1988 | 2.63 % change on previous year | -42.4% |
| 1989 | 7 % change on previous year | +165.9% |
| 1990 | -2.2 % change on previous year | -131.5% |
| 1991 | 1.01 % change on previous year | -145.7% |
| 1992 | 9.39 % change on previous year | +832.8% |
| 1993 | 6.16 % change on previous year | -34.4% |
| 1994 | 16.95 % change on previous year | +175.2% |
| 1995 | -7.58 % change on previous year | -144.7% |
| 1996 | 20.91 % change on previous year | -375.9% |
| 1997 | -2.54 % change on previous year | -112.2% |
| 1998 | 12.68 % change on previous year | -598.6% |
| 1999 | 16.76 % change on previous year | +32.1% |
| 2000 | 7.87 % change on previous year | -53.1% |
| 2001 | 7.18 % change on previous year | -8.8% |
| 2002 | 5.37 % change on previous year | -25.1% |
| 2003 | 6.89 % change on previous year | +28.2% |
| 2004 | 9.37 % change on previous year | +36.0% |
| 2005 | 3.79 % change on previous year | -59.6% |
| 2006 | 7.36 % change on previous year | +94.3% |
| 2007 | 16.02 % change on previous year | +117.8% |
| 2008 | 11.1 % change on previous year | -30.7% |
| 2009 | 2.61 % change on previous year | -76.5% |
| 2010 | 8.2 % change on previous year | +214.4% |
| 2011 | 9.68 % change on previous year | +18.0% |
| 2012 | -3.3 % change on previous year | -134.1% |
| 2013 | -5.04 % change on previous year | +52.7% |
| 2014 | 0.628 % change on previous year | -112.5% |
| 2015 | 5.11 % change on previous year | +713.7% |
| 2016 | 9.5 % change on previous year | +86.0% |
| 2017 | 6.44 % change on previous year | -32.2% |
| 2018 | -6.83 % change on previous year | -206.0% |
| 2019 | 9.26 % change on previous year | -235.6% |
| 2020 | -21.29 % change on previous year | -329.9% |
| 2021 | 8.18 % change on previous year | -138.4% |
| 2022 | 11.9 % change on previous year | +45.5% |
| 2023 | 4.83 % change on previous year | -59.4% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate 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 |
|---|---|---|---|
| 1992 | +832.8% | 1.01 % change on previous year | 9.39 % change on previous year |
| 1975 | -774.2% | 2.5 % change on previous year | -16.88 % change on previous year |
| 2015 | +713.7% | 0.628 % change on previous year | 5.11 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.52 % change on previous year | -16.33 % change on previous year | 24.8 % change on previous year | 9 |
| 1970s | 1.91 % change on previous year | -16.88 % change on previous year | 12.95 % change on previous year | 10 |
| 1980s | 5.59 % change on previous year | -4.34 % change on previous year | 13.24 % change on previous year | 10 |
| 1990s | 7.15 % change on previous year | -7.58 % change on previous year | 20.91 % change on previous year | 10 |
| 2000s | 7.75 % change on previous year | 2.61 % change on previous year | 16.02 % change on previous year | 10 |
| 2010s | 3.36 % change on previous year | -6.83 % change on previous year | 9.68 % change on previous year | 10 |
| 2020s | 0.9063 % change on previous year | -21.29 % change on previous year | 11.9 % change on previous year | 4 |
Countries ranked near Cape Verde
- 51 China 5.13 % change on previous year compare
- 52 Mozambique 4.93 % change on previous year compare
- 53 Montenegro 4.85 % change on previous year compare
- 55 Malaysia 4.56 % change on previous year compare
- 56 Sierra Leone 4.33 % change on previous year compare
- 57 Indonesia 4.29 % change on previous year 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), annual growth rate in Cape Verde?
- Gross domestic product (gdp), annual growth rate in Cape Verde was 4.83 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Cape Verde?
- The highest recorded value was 24.8 % change on previous year in 1966.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Cape Verde?
- The lowest recorded value was -21.29 % change on previous year in 2020.
- How does Cape Verde rank for gross domestic product (gdp), annual growth rate?
- Cape Verde ranks 54th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Cape Verde?
- Over the last ten years it is up 195.9%. 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 — 63 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) Feenstra et al. – Penn World Table (2025) – 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.