Cabo Verde GDP Growth Rate (2026)
Cabo Verde has a small island economy supported by tourism, services, transport, remittances, and household consumption. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+4.8%
Annual real GDP growth
World Rank
#35
Out of 195 countries
Change vs 2025
-0.7 pp
2025: +5.5%
Africa Rank
#21
Out of 54 countries
1. Cabo Verde GDP Growth Rate in 2026
Economic growth is strongly influenced by tourism, air travel, remittances, investment, and consumer demand. International travel conditions remain especially important.
2. Cabo Verde GDP Growth Rate Trends (1980–2026)
Cabo Verde’s growth history has been shaped by tourism development, migration, remittances, and investment in transport and services.
3. Cabo Verde GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +4.8% | -0.7 pp |
| 2025 | +5.5% | -1.7 pp |
| 2024 | +7.2% | +2.4 pp |
| 2023 | +4.8% | -11.0 pp |
| 2022 | +15.8% | +8.8 pp |
| 2021 | +7.0% | +27.8 pp |
| 2020 | -20.8% | -27.7 pp |
| 2019 | +6.9% | +3.2 pp |
| 2018 | +3.7% | -0.9 pp |
| 2017 | +4.6% | +0.3 pp |
| 2016 | +4.3% | +3.4 pp |
| 2015 | +0.9% | +0.2 pp |
| 2014 | +0.7% | +0.1 pp |
| 2013 | +0.6% | -0.5 pp |
| 2012 | +1.1% | -2.8 pp |
| 2011 | +3.9% | +2.1 pp |
| 2010 | +1.8% | +3.3 pp |
| 2009 | -1.5% | -8.5 pp |
| 2008 | +7.0% | -8.2 pp |
| 2007 | +15.2% | +6.1 pp |
| 2006 | +9.1% | +3.3 pp |
| 2005 | +5.8% | +0.9 pp |
| 2004 | +4.9% | -2.6 pp |
| 2003 | +7.5% | +2.2 pp |
| 2002 | +5.3% | -0.8 pp |
| 2001 | +6.1% | -1.2 pp |
| 2000 | +7.3% | -4.6 pp |
| 1999 | +11.9% | +3.5 pp |
| 1998 | +8.4% | +0.8 pp |
| 1997 | +7.6% | +0.9 pp |
| 1996 | +6.7% | -0.8 pp |
| 1995 | +7.5% | +0.6 pp |
| 1994 | +6.9% | -0.4 pp |
| 1993 | +7.3% | +4.3 pp |
| 1992 | +3.0% | +1.6 pp |
| 1991 | +1.4% | +0.7 pp |
| 1990 | +0.7% | -5.0 pp |
| 1989 | +5.7% | -0.3 pp |
| 1988 | +6.0% | +1.7 pp |
| 1987 | +4.3% | +1.4 pp |
| 1986 | +2.9% | -5.7 pp |
| 1985 | +8.6% | +4.8 pp |
| 1984 | +3.8% | -5.7 pp |
| 1983 | +9.5% | +6.7 pp |
| 1982 | +2.8% | -5.7 pp |
| 1981 | +8.5% | +3.2 pp |
| 1980 | +5.3% | — |
4. Cabo Verde GDP Growth Performance
Current Growth Rate
+4.8%
(2026 to 2026)
5-Year Average
+7.6%
(2022 to 2026)
10-Year Average
+3.9%
(2017 to 2026)
20-Year Average
+3.7%
(2007 to 2026)
The economy benefits from a growing tourism sector and strong international connections, but limited natural resources and high import dependence create constraints.
5. Cabo Verde GDP Growth Rate vs Africa and World
Cabo Verde
+4.8%
Africa Average
+4.1%
World Average
+2.8%
0.0%
2.4%
4.8%
Annual real GDP growth (%)
Cabo Verde’s GDP growth rate is approximately
0.7 pp
above the
Africa average
and
2.0 pp
above the world average.
6. Cabo Verde GDP Growth Rate Ranking in Africa
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #17 | Zimbabwe | +5.0% |
| #18 | Guinea-Bissau | +4.9% |
| #19 | Morocco | +4.9% |
| #20 | Burkina Faso | +4.9% |
| #21 | Cabo Verde | +4.8% |
| #22 | Botswana | +4.8% |
| #23 | Ghana | +4.8% |
| #24 | Sierra Leone | +4.6% |
| #25 | Kenya | +4.5% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Cabo Verde
Cabo Verde GDP (Nominal)
$3.4 Billion
(2026)
Cabo Verde GDP Growth Rate
+4.8%
(2026)
Cabo Verde often performs better than many low-income African economies when tourism is strong, although its small size increases sensitivity to external shocks.
Explore more:
Cabo Verde GDP
9. Cabo Verde GDP Growth Rate Forecast
The outlook depends on tourism, investment, transport, remittances, and fiscal stability. Climate and external financing risks remain important.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +5.0% | +0.2 pp |
| 2028 | +5.0% | 0.0 pp |
| 2029 | +5.1% | +0.1 pp |
| 2030 | +5.1% | 0.0 pp |
10. Cabo Verde GDP Growth Rate: Key Findings
Cabo Verde GDP growth rate is estimated at +4.8% in 2026.
It ranks #35 globally and #21 in Africa by annual GDP growth rate.
The growth rate slowed by 0.7 percentage points compared with 2025.
The 5-year average GDP growth rate is +7.6%.
The 10-year average GDP growth rate is +3.9%.
The current rate is 0.7 percentage points above the Africa average.
The current rate is 2.0 percentage points above the world average.
The forecast GDP growth rate is +5.1% in 2030, 0.3 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Cabo Verde GDP Growth Rate FAQs
Cabo Verde GDP growth rate is estimated at +4.8% in 2026.
Cabo Verde ranks #35 globally and #21 in Africa by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +4.8% in 2026.
Cabo Verde GDP growth rate was +0.9% in 2015.
Cabo Verde GDP growth rate is 0.7 percentage points above the Africa average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.