Annual GDP growth in Cape Verde
Cape Verde: Annual GDP growth was 7.2% in 2024. ◆ Volatile
Annual GDP growth in Cape Verde, 1980–2024
Source: International Monetary Fund (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
In 2024, annual gdp growth in Cape Verde stood at 7.2%.
Compared with earlier readings it is up 51.1% on the previous year and up 939.3% over ten years.
Over the whole period, annual gdp growth in Cape Verde peaked at 15.8% in 2022 and was at its lowest, -20.8%, in 2020.
That places Cape Verde 15th out of 196 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.7% | 2.8% | 9.5% | 10 |
| 1990s | 6.1% | 0.7% | 11.9% | 10 |
| 2000s | 6.7% | -1.5% | 15.2% | 10 |
| 2010s | 2.9% | 0.6% | 6.9% | 10 |
| 2020s | 2.8% | -20.8% | 15.8% | 5 |
Countries ranked near Cape Verde
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 annual gdp growth in Cape Verde?
- Annual gdp growth in Cape Verde was 7.2% in 2024, according to International Monetary Fund (2026) – with minor processing by Our World in Data.
- What is the highest annual gdp growth recorded in Cape Verde?
- The highest recorded value was 15.8% in 2022.
- What is the lowest annual gdp growth recorded in Cape Verde?
- The lowest recorded value was -20.8% in 2020.
- How does Cape Verde rank for annual gdp growth?
- Cape Verde ranks 15th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Cape Verde?
- Over the last ten years it is up 939.3%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from International Monetary Fund (2026) – with minor processing by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual percent change in gross domestic product. This data is adjusted for inflation.