GDP Growth Rate
Year -
5.15%
In 2023, Cabo Verde experienced a significant a decrease in its GDP growth rate, which fall to 5.15% from 17.44% in 2022. Additionally, the GDP per capita growth rate in Cabo Verde decrease to 4.18% in 2023, compared to 16.40% in 2022.
In 2023, Cabo Verde experienced a decrease in economic performance, with the GDP growth rate falling by 12.29%. Additionally, the GDP per capita growth rate decrease by 12.22%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | - | - | - | - |
| 1972 | - | - | - | - |
| 1973 | - | - | - | - |
| 1974 | - | - | - | - |
| 1975 | - | - | - | - |
| 1976 | - | - | - | - |
| 1977 | - | - | - | - |
| 1978 | - | - | - | - |
| 1979 | - | - | - | - |
| 1980 | - | - | - | - |
| 1981 | 8.45 | - | 6.97 | - |
| 1982 | 2.83% | -5.62% | 1.35% | -5.62% |
| 1983 | 9.52% | 6.69% | 7.98% | 6.63% |
| 1984 | 3.78% | -5.74% | 2.39% | -5.59% |
| 1985 | 8.64% | 4.86% | 7.24% | 4.85% |
| 1986 | 2.87% | -5.77% | 1.56% | -5.68% |
| 1987 | 4.31% | 1.44% | 2.98% | 1.42% |
| 1988 | 6% | 1.69% | 4.64% | 1.66% |
| 1989 | 5.7% | -0.30% | 4.25% | -0.39% |
| 1990 | 0.69% | -5.01% | -1.08% | -5.33% |
| 1991 | 1.4% | 0.71% | -0.82% | 0.26% |
| 1992 | 10.94% | 9.54% | 8.26% | 9.08% |
| 1993 | 8.71% | -2.23% | 5.99% | -2.27% |
| 1994 | 19.18% | 10.47% | 16.24% | 10.25% |
| 1995 | 14.21% | -4.97% | 11.51% | -4.73% |
| 1996 | 11.35% | -2.86% | 8.8% | -2.71% |
| 1997 | 11.12% | -0.23% | 8.63% | -0.17% |
| 1998 | 12.52% | 1.40% | 10.07% | 1.44% |
| 1999 | 11.22% | -1.30% | 8.89% | -1.18% |
| 2000 | 14.28% | 3.06% | 12.13% | 3.24% |
| 2001 | 2.23% | -12.05% | 0.54% | -11.59% |
| 2002 | 5.25% | 3.02% | 3.63% | 3.09% |
| 2003 | 4.18% | -1.07% | 2.69% | -0.94% |
| 2004 | 10.2% | 6.02% | 8.73% | 6.04% |
| 2005 | 6.91% | -3.29% | 5.56% | -3.17% |
| 2006 | 7.98% | 1.07% | 6.67% | 1.11% |
| 2007 | 15.17% | 7.19% | 13.84% | 7.17% |
| 2008 | 7.04% | -8.13% | 5.86% | -7.98% |
| 2009 | -1.5% | -8.54% | -2.52% | -8.38% |
| 2010 | 1.84% | 3.34% | 0.75% | 3.27% |
| 2011 | 3.92% | 2.08% | 2.68% | 1.93% |
| 2012 | 1.08% | -2.84% | -0.12% | -2.80% |
| 2013 | 0.63% | -0.45% | -0.5% | -0.38% |
| 2014 | 0.7% | 0.07% | -0.43% | 0.07% |
| 2015 | 0.94% | 0.24% | -0.18% | 0.25% |
| 2016 | 4.28% | 3.34% | 3.12% | 3.30% |
| 2017 | 4.55% | 0.27% | 3.34% | 0.22% |
| 2018 | 3.71% | -0.84% | 2.57% | -0.77% |
| 2019 | 6.95% | 3.24% | 5.87% | 3.30% |
| 2020 | -20.81% | -27.76% | -21.57% | -27.44% |
| 2021 | 7.03% | 27.84% | 6.07% | 27.64% |
| 2022 | 17.44% | 10.41% | 16.4% | 10.33% |
| 2023 | 5.15% | -12.29% | 4.18% | -12.22% |