GDP growth (annual %) (UNESCO Institute) in Cape Verde
Cape Verde: GDP growth (annual %) (UNESCO Institute) was 7.3% in 2024. ◆ Volatile
Latest (2024)
7.3%
Change on year
up 34.9%
World rank
15th
of 212 countries
All-time high
19.2%
in 1994
All-time low
-20.8%
in 2020
Years of data
44
1981–2024
GDP growth in Cape Verde, 1981–2024
Source: UNESCO Institute for Statistics. Measured in annual %.
Analysis
In 2024, gdp growth in Cape Verde stood at 7.3%.
Compared with earlier readings it is up 34.9% on the previous year and up 943.8% over ten years.
Over the whole period, gdp growth in Cape Verde peaked at 19.2% in 1994 and was at its lowest, -20.8%, in 2020.
That places Cape Verde 15th out of 212 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.
GDP growth (annual %) (UNESCO Institute) in Cape Verde, year by year
| Year | annual % | Change |
|---|---|---|
| 1981 | 8.5% | — |
| 1982 | 2.8% | -66.6% |
| 1983 | 9.5% | +237.0% |
| 1984 | 3.8% | -60.3% |
| 1985 | 8.6% | +128.4% |
| 1986 | 2.9% | -66.8% |
| 1987 | 4.3% | +50.1% |
| 1988 | 6.0% | +39.2% |
| 1989 | 5.7% | -5.0% |
| 1990 | 0.7% | -87.9% |
| 1991 | 1.4% | +102.9% |
| 1992 | 10.9% | +678.9% |
| 1993 | 8.7% | -20.4% |
| 1994 | 19.2% | +120.3% |
| 1995 | 14.2% | -25.9% |
| 1996 | 11.3% | -20.2% |
| 1997 | 11.1% | -2.0% |
| 1998 | 12.5% | +12.6% |
| 1999 | 11.2% | -10.3% |
| 2000 | 14.3% | +27.3% |
| 2001 | 2.2% | -84.4% |
| 2002 | 5.3% | +135.3% |
| 2003 | 4.2% | -20.5% |
| 2004 | 10.2% | +144.2% |
| 2005 | 6.9% | -32.2% |
| 2006 | 8.0% | +15.5% |
| 2007 | 15.2% | +90.0% |
| 2008 | 7.0% | -53.6% |
| 2009 | -1.5% | -121.4% |
| 2010 | 1.8% | -222.1% |
| 2011 | 3.9% | +113.7% |
| 2012 | 1.1% | -72.4% |
| 2013 | 0.6% | -41.7% |
| 2014 | 0.7% | +10.2% |
| 2015 | 0.9% | +34.4% |
| 2016 | 4.3% | +357.3% |
| 2017 | 4.6% | +6.3% |
| 2018 | 3.7% | -18.6% |
| 2019 | 6.9% | +87.4% |
| 2020 | -20.8% | -399.5% |
| 2021 | 7.0% | -133.8% |
| 2022 | 15.8% | +125.3% |
| 2023 | 5.4% | -66.0% |
| 2024 | 7.3% | +34.9% |
Cape Verde compared with similar countries
- Cape Verde's 7.3% is above the median for upper middle income countries, which is 3.3%, 2.2× the median. (58 countries reporting)
- Cape Verde's 7.3% is above the median for Sub-Saharan Africa, which is 4.1%, 1.8× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.8% | 2.8% | 9.5% | 9 |
| 1990s | 10.1% | 0.7% | 19.2% | 10 |
| 2000s | 7.2% | -1.5% | 15.2% | 10 |
| 2010s | 2.9% | 0.6% | 6.9% | 10 |
| 2020s | 2.9% | -20.8% | 15.8% | 5 |
Countries ranked near Cape Verde
More population data for Cape Verde
- Population regions with projections, annual growth rate -1.01 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -6.15 % change on previous year (2050)
- Population long run with projections, annual growth rate -1.01 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.4961 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.4608 % change on previous year (2100)
- Population growth rate -1.01 (2100)
- Population density 103.46 (2100)
- Projected population under age 5 14,689 (2100)
- Population growth rate by level of development -1.01 (2100)
- Urbanization vs gdp, annual growth rate 1.12 % change on previous year (2025)
Frequently asked questions
- What is gdp growth in Cape Verde?
- Gdp growth in Cape Verde was 7.3% in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp growth recorded in Cape Verde?
- The highest recorded value was 19.2% in 1994.
- What is the lowest gdp growth recorded in Cape Verde?
- The lowest recorded value was -20.8% in 2020.
- How does Cape Verde rank for gdp growth?
- Cape Verde ranks 15th out of 212 countries with data for 2024.
- Is gdp growth rising or falling in Cape Verde?
- Over the last ten years it is up 943.8%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release