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Cape Verde GDP Annual Growth Rate

Cape Verde's GDP annual growth rate rose to 7.27% in 2024, up from 5.39% in 2023, according to World Bank. This represents an increase of 1.88% from the previous year. Cape Verde has the 14th highest GDP annual growth rate. Within Africa, it ranks 5th out of 52 countries.

Cape Verde's real GDP rose to $2.35 billion in 2024, up from $2.19 billion in 2023.

Yearly Historical Data (1981-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 7.27%
2023 5.39%
2022 15.84%
2021 7.03%
2020 -20.81%
2019 6.95%
2018 3.71%
2017 4.55%
2016 4.28%
2015 0.94%
2014 0.7%
2013 0.63%
2012 1.08%
2011 3.92%
2010 1.84%
2009 -1.5%
2008 7.04%
2007 15.17%
2006 7.98%
2005 6.91%
2004 10.2%
2003 4.18%
2002 5.25%
2001 2.23%
2000 14.28%
1999 11.22%
1998 12.52%
1997 11.12%
1996 11.35%
1995 14.21%
1994 19.18%
1993 8.71%
1992 10.94%
1991 1.4%
1990 0.69%
1989 5.7%
1988 6%
1987 4.31%
1986 2.87%
1985 8.64%
1984 3.78%
1983 9.52%
1982 2.83%
1981 8.45%
Cape Verde GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Cape Verde's total economic output.
Indicator Last Value Prior Value Period
GDP $2.77B $2.54B 2024
GDP per Capita $4,475.45 $4,192.4 2024
GDP per Capita PPP $9,907.59 $9,280.98 2024
Real GDP $2.35B $2.19B 2024