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Cape Verde GDP

Cape Verde's GDP rose to $2.77 billion in 2024, up from $2.54 billion in 2023, according to World Bank. This represents an increase of 9% ($228.4 million) from the previous year. Cape Verde has GDP lower than the global median ($2.77 billion vs median $35.85 billion). Compared with the median in Africa, Cape Verde is lower ($2.77 billion vs regional median $20.75 billion) and ranks 44th out of 52 countries in Africa.

Cape Verde's GDP per capita rose to $4,475.45 in 2024, up from $4,192.4 in 2023.

Yearly Historical Data (1980-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 2.77
2023 2.54
2022 2.25
2021 2.05
2020 1.82
2019 2.25
2018 2.21
2017 2
2016 1.85
2015 1.75
2014 2.04
2013 2.03
2012 1.91
2011 2.05
2010 1.82
2009 1.85
2008 1.96
2007 1.65
2006 1.11
2005 0.97
2004 0.92
2003 0.81
2002 0.62
2001 0.56
2000 0.54
1999 0.59
1998 0.52
1997 0.49
1996 0.5
1995 0.49
1994 0.41
1993 0.49
1992 0.36
1991 0.32
1990 0.31
1989 0.27
1988 0.26
1987 0.24
1986 0.19
1985 0.14
1984 0.13
1983 0.14
1982 0.14
1981 0.14
1980 0.14
Cape Verde GDP : Definition
GDP measures the total value of all goods and services produced in Cape Verde, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 7.27% 5.39% 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