[ Nominal GDP in billions of USD ]
Year -
$2.73 billions
Cabo Verde GDP expanded from 1980 to 2024, increasing from $0.14 billion to $2.73 billion.The compound annual growth rate (CAGR) averaged 6.98% over the period. The economy recorded its peak level in 2024 and its lowest level in 1984. Growth volatility remained high. The maximum drawdown reached 19.11%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 2.73 Billions | $ 5.88 Int Billions |
| Growth (YoY) | 8.82% | 9.837% |
| Net Change vs Previous Year | $ 0.22 Billion | $ 0.53 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | 0.14 | - | - | - | - | - |
| 1981 | 0.14 | 0 | -1.953 % | - | - | - |
| 1982 | 0.14 | 0 | 0.834 % | - | - | - |
| 1983 | 0.14 | 0 | -1.532 % | - | - | - |
| 1984 | 0.13 | -0.01 | -4.663 % | - | - | - |
| 1985 | 0.14 | 0.01 | 4.325 % | - | - | - |
| 1986 | 0.19 | 0.05 | 38.426 % | - | - | - |
| 1987 | 0.24 | 0.04 | 23.395 % | - | - | - |
| 1988 | 0.26 | 0.03 | 12.351 % | - | - | - |
| 1989 | 0.27 | 0 | 1.188 % | - | - | - |
| 1990 | 0.31 | 0.04 | 14.748 % | 0.39 | - | - |
| 1991 | 0.32 | 0.01 | 4.215 % | 0.41 | 0.02 | 4.833 % |
| 1992 | 0.36 | 0.04 | 11.673 % | 0.47 | 0.06 | 13.466 % |
| 1993 | 0.49 | 0.13 | 37.31 % | 0.52 | 0.05 | 11.285 % |
| 1994 | 0.41 | -0.08 | -17.095 % | 0.63 | 0.11 | 21.727 % |
| 1995 | 0.49 | 0.08 | 19.816 % | 0.74 | 0.1 | 16.606 % |
| 1996 | 0.5 | 0.01 | 3.044 % | 0.84 | 0.1 | 13.385 % |
| 1997 | 0.49 | -0.01 | -2.265 % | 0.94 | 0.11 | 13.035 % |
| 1998 | 0.52 | 0.03 | 6.38 % | 1.07 | 0.13 | 13.782 % |
| 1999 | 0.59 | 0.07 | 13.509 % | 1.21 | 0.14 | 12.797 % |
| 2000 | 0.54 | -0.05 | -8.978 % | 1.42 | 0.2 | 16.874 % |
| 2001 | 0.56 | 0.02 | 4.425 % | 1.48 | 0.06 | 4.534 % |
| 2002 | 0.62 | 0.06 | 10.197 % | 1.58 | 0.1 | 6.886 % |
| 2003 | 0.81 | 0.19 | 31.064 % | 1.68 | 0.1 | 6.233 % |
| 2004 | 0.92 | 0.11 | 13.732 % | 1.9 | 0.22 | 13.16 % |
| 2005 | 0.97 | 0.05 | 5.114 % | 2.1 | 0.2 | 10.265 % |
| 2006 | 1.11 | 0.14 | 13.919 % | 2.34 | 0.24 | 11.314 % |
| 2007 | 1.65 | 0.54 | 48.94 % | 2.76 | 0.43 | 18.291 % |
| 2008 | 1.96 | 0.31 | 18.792 % | 3.01 | 0.25 | 9.101 % |
| 2009 | 1.85 | -0.11 | -5.475 % | 2.99 | -0.03 | -0.896 % |
| 2010 | 1.82 | -0.03 | -1.489 % | 3.08 | 0.09 | 3.074 % |
| 2011 | 2.05 | 0.22 | 12.17 % | 3.27 | 0.19 | 6.069 % |
| 2012 | 1.91 | -0.13 | -6.534 % | 3.23 | -0.03 | -0.938 % |
| 2013 | 2.03 | 0.12 | 6.055 % | 3.26 | 0.03 | 0.832 % |
| 2014 | 2.04 | 0.01 | 0.642 % | 3.29 | 0.03 | 0.798 % |
| 2015 | 1.75 | -0.29 | -14.304 % | 3.47 | 0.18 | 5.572 % |
| 2016 | 1.85 | 0.1 | 5.711 % | 3.77 | 0.3 | 8.556 % |
| 2017 | 2 | 0.15 | 7.944 % | 4.07 | 0.3 | 8.03 % |
| 2018 | 2.21 | 0.21 | 10.435 % | 4.06 | -0.01 | -0.142 % |
| 2019 | 2.25 | 0.05 | 2.135 % | 4.44 | 0.38 | 9.36 % |
| 2020 | 1.82 | -0.43 | -19.12 % | 3.53 | -0.92 | -20.652 % |
| 2021 | 2.05 | 0.23 | 12.642 % | 3.97 | 0.44 | 12.583 % |
| 2022 | 2.25 | 0.2 | 9.511 % | 4.93 | 0.96 | 24.103 % |
| 2023 | 2.5 | 0.26 | 11.461 % | 5.35 | 0.42 | 8.566 % |
| 2024 | 2.73 | 0.22 | 8.82 % | 5.88 | 0.53 | 9.837 % |
Between 1980 to 2024, Cabo Verde experienced the following economic phases:
The most remarkable growth occurred in 2007 with an increase of 48.94%, while the largest decline was in 2020 at -19.12%.