Cape Verde GDP (2026)
LiveCape Verde has developed a service-oriented island economy where tourism, transportation, commerce, and remittance inflows are especially important. Limited natural resources have encouraged the country to focus on international connectivity, hospitality, renewable energy, and maritime opportunities. This page examines Cape Verde GDP data, historical developments, and the economy in 2026.
Cape Verde GDP Growth (1980โ2026)
Annual real GDP growth rate (%)
Historical Highlights
1980โ2026 GDP performance summary
Share of World GDP (2026)
Key Findings
Cape Verde's GDP in 2026 is $3.45B.
It ranks #0 among 218 countries.
Cape Verde contributes 0.00% to the world economy.
GDP per capita is $6,670 in 2026.
The economy recorded GDP growth of 4.80% in 2026.
Cape Verde GDP Historical Data (1980โ2026)
| 2026 | $3,448,000,000 | 4.80% | $6,670 | 0.00% | #177 |
| 2025 | $3,081,000,000 | 5.50% | $5,995 | 0.00% | #170 |
| 2024 | $2,726,000,000 | 7.20% | $5,329 | 0.00% | #177 |
| 2023 | $2,501,000,000 | 4.80% | $4,913 | 0.00% | #182 |
| 2022 | $2,252,000,000 | 15.80% | $4,445 | 0.00% | #188 |
| 2021 | $2,053,000,000 | 7.00% | $4,072 | 0.00% | #187 |
| 2020 | $1,829,000,000 | -20.80% | $3,647 | 0.00% | #187 |
| 2019 | $2,251,000,000 | 6.90% | $4,505 | 0.00% | #185 |
| 2018 | $2,205,000,000 | 3.70% | $4,432 | 0.00% | #185 |
| 2017 | $1,997,000,000 | 4.60% | $4,030 | 0.00% | #186 |
| 2016 | $1,850,000,000 | 4.30% | $3,749 | 0.00% | #187 |
| 2015 | $1,750,000,000 | 0.90% | $3,561 | 0.00% | #187 |
| 2014 | $2,042,000,000 | 0.70% | $4,178 | 0.00% | #185 |
| 2013 | $2,029,000,000 | 0.60% | $4,175 | 0.00% | #182 |
| 2012 | $1,913,000,000 | 1.10% | $3,958 | 0.00% | #184 |
| 2011 | $2,047,000,000 | 3.90% | $4,259 | 0.00% | #182 |
| 2010 | $1,825,000,000 | 1.80% | $3,819 | 0.00% | #180 |
| 2009 | $1,852,000,000 | -1.50% | $3,919 | 0.00% | #178 |
| 2008 | $1,960,000,000 | 7.00% | $4,190 | 0.00% | #177 |
| 2007 | $1,650,000,000 | 15.20% | $3,565 | 0.00% | #179 |
| 2006 | $1,452,000,000 | 9.10% | $3,174 | 0.00% | #179 |
| 2005 | $1,395,000,000 | 5.80% | $3,091 | 0.00% | #177 |
| 2004 | $1,263,000,000 | 4.90% | $2,839 | 0.00% | #177 |
| 2003 | $1,105,000,000 | 7.50% | $2,524 | 0.00% | #178 |
| 2002 | $867,000,000 | 5.30% | $2,015 | 0.00% | #183 |
| 2001 | $791,000,000 | 6.10% | $1,875 | 0.00% | #180 |
| 2000 | $699,000,000 | 7.30% | $1,690 | 0.00% | #182 |
| 1999 | $693,000,000 | 11.90% | $1,709 | 0.00% | #175 |
| 1998 | $648,000,000 | 8.40% | $1,632 | 0.00% | #174 |
| 1997 | $609,000,000 | 7.60% | $1,569 | 0.00% | #174 |
| 1996 | $611,000,000 | 6.70% | $1,611 | 0.00% | #171 |
| 1995 | $570,000,000 | 7.50% | $1,541 | 0.00% | #169 |
| 1994 | $450,000,000 | 6.90% | $1,247 | 0.00% | #167 |
| 1993 | $431,000,000 | 7.30% | $1,190 | 0.00% | #165 |
| 1992 | $479,000,000 | 3.00% | $1,356 | 0.00% | #159 |
| 1991 | $443,000,000 | 1.40% | $1,285 | 0.00% | #147 |
| 1990 | $413,000,000 | 0.70% | $1,224 | 0.00% | #146 |
| 1989 | $332,000,000 | 5.70% | $1,007 | 0.00% | #142 |
| 1988 | $322,000,000 | 6.00% | $997 | 0.00% | #141 |
| 1987 | $264,000,000 | 4.30% | $836 | 0.00% | #141 |
| 1986 | $212,000,000 | 2.90% | $685 | 0.00% | #141 |
| 1985 | $164,000,000 | 8.60% | $542 | 0.00% | #145 |
| 1984 | $146,000,000 | 3.80% | $494 | 0.00% | #144 |
| 1983 | $144,000,000 | 9.50% | $494 | 0.00% | #142 |
| 1982 | $149,000,000 | 2.80% | $522 | 0.00% | #141 |
| 1981 | $187,000,000 | 8.50% | $669 | 0.00% | #139 |
| 1980 | $157,000,000 | 5.30% | $569 | 0.00% | #138 |
Cape Verde GDP Projections (IMF)
i| Year | GDP Nominal (Current USD) | GDP Growth Rate (%) | GDP Per Capita (USD) | World Share (%) | Global Rank |
|---|---|---|---|---|---|
| 2027 | $3,699,000,000 | 5.00% | $7,114 | 0.00% | #161 |
| 2028 | $3,963,000,000 | 5.00% | $7,580 | 0.00% | #161 |
| 2029 | $4,253,000,000 | 5.10% | $8,090 | 0.00% | #161 |
| 2030 | $4,565,000,000 | 5.10% | $8,636 | 0.00% | #161 |
| 2031 | $4,902,000,000 | 5.10% | $9,217 | 0.00% | #161 |
Cape Verde Economy Overview
Cape Verde has a service-dominated economy shaped by tourism, transportation, commerce, and strong connections with its overseas diaspora. Resorts and international travel are particularly important on islands such as Sal and Boa Vista, generating employment across hospitality, aviation, restaurants, and construction. Remittances provide substantial support to household income, while fisheries and small-scale agriculture contribute to domestic production. Limited rainfall and natural resources make the country dependent on imports. Investments in ports, airports, wind and solar power, and digital connectivity are helping improve economic resilience.
Cape Verde GDP Outlook
Cape Verdeโs future performance is likely to depend on tourism, remittances, transport services, and continued investment in renewable energy and infrastructure. Greater air and maritime connectivity could strengthen its role as an Atlantic service hub. Digital business, fisheries, and higher-value tourism offer additional opportunities. Water scarcity, import dependence, climate change, high transport costs, and sensitivity to European travel demand remain major challenges.
Data & Methodology
How the figures on this page are compiled
- Primary Sources
- IMF, World Bank, United Nations and OECD
- Historical Coverage
- 1980โ2031
- GDP Measurement
- Nominal gross domestic product in current U.S. dollars
- Update Schedule
- Updated annually using the latest available projections
- Population Data
- United Nations World Population Prospects
Frequently Asked Questions
Cape Verde's nominal GDP in 2026 is approximately $3,448,000,000, measured in current US dollars.
Cape Verde's GDP growth rate in 2026 is 4.80%.
GDP per capita in Cape Verde is approximately $6,670 in 2026.
The latest global GDP ranking is shown in the statistics section above.
GDP is commonly calculated as household consumption plus investment, government spending, and net exports.
Sources
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