Cabo Verde 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$2.59 billion
↑ 2.07% vs 2023GDP per Capita
$4,951.54
↑ 2.07% vs 2023GDP Growth (Annual %)
2.07%
↓ 3.40pp vs 2023Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $2.53 billion | $2.59 billion | +2.07% |
| GDP per Capita | $4,850.98 | $4,951.54 | +2.07% |
| GDP Growth (Annual %) | 5.48% | 2.07% | -3.40pp |
| Inflation (CPI %) | 3.72% | N/A | N/A |
| Unemployment Rate (%) | 11.97% | 11.88% | -0.09pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $2.59 billion
- GDP per Capita
- $4,951.54
- GDP Growth (Annual %)
- 2.07%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 11.88%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Cabo Verde's Gross Domestic Product (GDP) is $2.59 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Cabo Verde for 2024 is $4,951.54. GDP per capita is calculated by dividing the country's GDP by its population.
Cabo Verde's annual GDP growth rate for 2024 is 2.07%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Cabo Verde for 2024 is 11.88%. This represents the percentage of the labor force that is unemployed and actively seeking employment.