The Gross Domestic Product (GDP) in Cape Verde contracted 34.30 percent in the second quarter of 2020 over the previous quarter. source: INE, Cape Verde
GDP Growth Rate in Cape Verde averaged 0.39 percent from 2007 until 2020, reaching an all time high of 11.10 percent in the fourth quarter of 2007 and a record low of -34.30 percent in the second quarter of 2020. This page provides - Cape Verde Gdp Growth Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cape Verde GDP Growth Rate - values, historical data and charts - was last updated on February of 2021.
GDP Growth Rate in Cape Verde is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Cape Verde to stand at 1.60 in 12 months time. In the long-term, the Cape Verde GDP Growth Rate is projected to trend around 2.30 percent in 2021 and 1.50 percent in 2022, according to our econometric models.