Real gdp growth in Cabo Verde
Cabo Verde: Real gdp growth was 7.24 in 2024. ◆ Volatile
Latest (2024)
7.24
Change on year
up 51.1%
World rank
15th
of 196 countries
All-time high
15.84
in 2022
All-time low
-20.8
in 2020
Years of data
45
1980–2024
Real gdp growth in Cabo Verde, 1980–2024
Source: Our World in Data.
Analysis
In 2024, real gdp growth in Cabo Verde stood at 7.24.
Compared with earlier readings it is up 51.1% on the previous year and up 939.3% over ten years.
Over the whole period, real gdp growth in Cabo Verde peaked at 15.84 in 2022 and was at its lowest, -20.8, in 2020.
That places Cabo 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.
Real gdp growth in Cabo Verde, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 5.26 | — |
| 1981 | 8.45 | +60.6% |
| 1982 | 2.83 | -66.6% |
| 1983 | 9.52 | +237.0% |
| 1984 | 3.78 | -60.3% |
| 1985 | 8.64 | +128.4% |
| 1986 | 2.87 | -66.8% |
| 1987 | 4.31 | +50.1% |
| 1988 | 6 | +39.2% |
| 1989 | 5.7 | -5.0% |
| 1990 | 0.692 | -87.9% |
| 1991 | 1.4 | +102.9% |
| 1992 | 3.04 | +116.8% |
| 1993 | 7.31 | +140.2% |
| 1994 | 6.93 | -5.2% |
| 1995 | 7.49 | +8.1% |
| 1996 | 6.69 | -10.7% |
| 1997 | 7.64 | +14.1% |
| 1998 | 8.41 | +10.1% |
| 1999 | 11.86 | +41.0% |
| 2000 | 7.27 | -38.7% |
| 2001 | 6.14 | -15.5% |
| 2002 | 5.3 | -13.7% |
| 2003 | 7.5 | +41.5% |
| 2004 | 4.93 | -34.3% |
| 2005 | 5.81 | +17.9% |
| 2006 | 9.12 | +56.9% |
| 2007 | 15.2 | +66.7% |
| 2008 | 7.04 | -53.7% |
| 2009 | -1.5 | -121.4% |
| 2010 | 1.84 | -222.1% |
| 2011 | 3.92 | +113.8% |
| 2012 | 1.08 | -72.4% |
| 2013 | 0.632 | -41.7% |
| 2014 | 0.697 | +10.3% |
| 2015 | 0.936 | +34.3% |
| 2016 | 4.28 | +357.4% |
| 2017 | 4.55 | +6.3% |
| 2018 | 3.71 | -18.5% |
| 2019 | 6.95 | +87.4% |
| 2020 | -20.8 | -399.4% |
| 2021 | 7.03 | -133.8% |
| 2022 | 15.84 | +125.2% |
| 2023 | 4.79 | -69.7% |
| 2024 | 7.24 | +51.1% |
Cabo Verde compared with similar countries
- Cabo Verde's 7.24 is above the median for upper middle income countries, which is 3.49, 2.1× the median. (57 countries reporting)
- Cabo Verde's 7.24 is above the median for Sub-Saharan Africa, which is 4.52, 1.6× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.74 | 2.83 | 9.52 | 10 |
| 1990s | 6.15 | 0.692 | 11.86 | 10 |
| 2000s | 6.68 | -1.5 | 15.2 | 10 |
| 2010s | 2.86 | 0.632 | 6.95 | 10 |
| 2020s | 2.82 | -20.8 | 15.84 | 5 |
Countries ranked near Cabo Verde
More economy & growth data for Cabo Verde
- Real gdp growth, annual growth rate 51.07 % change on previous year (2024)
- 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)
Frequently asked questions
- What is real gdp growth in Cabo Verde?
- Real gdp growth in Cabo Verde was 7.24 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Cabo Verde?
- The highest recorded value was 15.84 in 2022.
- What is the lowest real gdp growth recorded in Cabo Verde?
- The lowest recorded value was -20.8 in 2020.
- How does Cabo Verde rank for real gdp growth?
- Cabo Verde ranks 15th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Cabo Verde?
- Over the last ten years it is up 939.3%. The long-run trend across the full record is volatile.
- Where does this Cabo Verde data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
Download this data
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