Cabo Verde: Adjusted net national income (annual % growth)

Key figures

What the numbers say

In 2021, Cabo Verde's adjusted net national income (annual % growth) rose 23.47 percentage points on 2020 (from -16.18% to 7.28%).

Across the 12 yearly changes before that (2009 to 2020), the average change was −1.68 percentage points and a typical year strayed about 7.53 percentage points from that (the standard deviation). This year's change was 3.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 23.47 percentage points in 2021 and the biggest yearly fall was 22.67 percentage points in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Cabo Verde had the 39th highest value of the 137 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cabo Verde in the 2021 ranking

• Nepal — 35th of 137: 7.43%
• Bangladesh — 36th of 137: 7.4%
• Solomon Islands — 37th of 137: 7.35%
• Morocco — 39th of 137: 7.17%
• Slovenia — 40th of 137: 7.14%
• Georgia — 41st of 137: 7.12%

What this measures

Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 14 values

Adjusted net national income (annual % growth) in nearby economies

• Angola — 4.15% (2021)
• Benin — 8.3% (2021)
• Botswana — 3.22% (2021)
• Burkina Faso — -5.46% (2021)
• Cameroon — -1.11% (2021)
• Central African Republic — -0.63% (2021)
• Chad — 5.95% (2021)
• Comoros — 2.2% (2021)
• Congo, Dem. Rep. — -17.32% (2021)
• Congo, Rep.

More economic policy & debt data for Cabo Verde

• Grants, excluding technical cooperation (BoP, current US$) — US$42.27 million (2023)
• Net bilateral aid flows from DAC donors, Total (current US$) — US$33.96 million (2023)
• Net official development assistance and official aid received (current US$) — US$101.71 million (2023)
• Net official development assistance and official aid received (constant 2023 US$) — US$101.71 million (2023)
• Net official development assistance received (current US$) — US$101.71 million (2023)
• Net official development assistance received (constant 2023 US$) — US$101.71 million (2023)
• Net ODA received per capita (current US$) — US$194.72 (2023)
• Adjusted savings, education expenditure (% of GNI)

Reading data like this

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Questions people ask

What is Cabo Verde's adjusted net national income (annual % growth)?

7.28% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is up 3.31 percentage points from 3.97% in 2008. The highest value was 8.14% in 2018 and the lowest -16.18% in 2020.

How does Cabo Verde rank?

39th highest of 137 economies with data for 2021.

Is the latest change in adjusted net national income (annual % growth) unusual for Cabo Verde?

In 2021, Cabo Verde's adjusted net national income (annual % growth) rose 23.47 percentage points on 2020 (from -16.18% to 7.28%). Across the 12 yearly changes before that (2009 to 2020), the average change was −1.68 percentage points and a typical year strayed about 7.53 percentage points from that (the standard deviation). This year's change was 3.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNTY.KD.ZG, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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