Cabo Verde—Gross Capital Formation (% of GDP)
Category: EconomySource: World Bank World Development IndicatorsGlobal Rank: #148 of 174
Latest Value
16.4%
2024
YoY Change
-24.6%
2023 → 2024
Global Rank
#148
of 174 countries
Maximum
47.3%
2007
Minimum
16.4%
2024
CAGR
-6.0%
18 years
Last
16.4%
Previous
21.7%
Highest
47.3%
Lowest
16.4%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 16.4% | -24.6% |
| 2023 | 21.7% | -0.7% |
| 2022 | 21.9% | -21.2% |
| 2021 | 27.7% | -4.2% |
| 2020 | 29.0% | +23.6% |
| 2019 | 23.4% | -14.7% |
| 2018 | 27.5% | -6.1% |
| 2017 | 29.3% | +2.5% |
| 2016 | 28.6% | -1.9% |
| 2015 | 29.1% | -16.8% |
| 2014 | 35.0% | +16.7% |
| 2013 | 30.0% | -14.8% |
| 2012 | 35.2% | -21.6% |
| 2011 | 44.9% | -0.1% |
| 2010 | 45.0% | +8.7% |
| 2009 | 41.4% | -10.0% |
| 2008 | 45.9% | -2.8% |
| 2007 | 47.3% |
Top Countries — Gross Capital Formation (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Bhutan | 45.3% | 2023 |
| 2 | Iran, Islamic Rep. | 44.3% | 2024 |
| 3 | Mauritania | 43.1% | 2024 |
| 4 | Algeria | 41.1% | 2024 |
| 5 | China | 40.6% | 2024 |
| 6 | Tanzania | 39.8% | 2024 |
| 7 | Vanuatu | 38.3% | 2022 |
| 8 | Senegal | 37.5% | 2024 |
| 9 | Greenland | 36.0% | 2023 |
| 10 | Botswana | 36.0% | 2024 |
About This Indicator
Definition
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Data compiled by Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).
Source: World Bank - World Development IndicatorsView original source →