Cape Verde GDP Annual Growth Rate  1981-2017 | Data | Chart | Calendar

The economy of Cape Verde advanced 3.1 percent year-on-year in the second quarter of 2017, slowing from an upwardly revised 4 percent growth in the previous period. It is the lowest expansion of the economy since the fourth quarter of 2015. Household expenditure grew 11.5 percent (from 7.5 percent in Q1 of 2017) and private investment jumped 22.7 percent (from 15.6 percent in Q1). In contrast, government spending shrank 11.7 percent, after increasing 7.5 percent in Q1. Also, foreign trade contributed negatively as exports declined further (-5.2 percent from -2.7 percent in Q1) while imports jumped 15 percent (from 10.9 percent in Q1). GDP Annual Growth Rate in Cape Verde averaged 3.68 percent from 1981 until 2017, reaching an all time high of 12.40 percent in the third quarter of 2008 and a record low of -5.30 percent in the first quarter of 2013.

Cape Verde GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-04-04 02:00 PM GDP Growth Rate YoY 4.6% 3.2% 3.9%
2017-07-04 02:00 PM GDP Growth Rate YoY 3.6% 3.9% 3.9%
2017-09-29 01:55 PM GDP Growth Rate YoY 3.1% 4.0% 3.9%
2017-12-29 02:00 PM GDP Growth Rate YoY 3.1% 3.8%
2018-04-04 02:00 PM GDP Growth Rate YoY
2018-07-04 02:00 PM GDP Growth Rate YoY

Cape Verde GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.10 4.00 12.40 -5.30 percent [+]
GDP 1.62 1.57 1.86 0.13 USD Billion [+]
GDP per capita 2738.31 2749.48 2749.48 496.99 USD [+]
GDP per capita PPP 6074.80 5918.60 6074.80 1641.50 USD [+]
GDP per capita 3452.90 3364.20 3452.90 673.80 USD [+]

Cape Verde GDP Annual Growth Rate

Cape Verde is one of the most developed countries in Africa. In recent years, as a result of its solid economic and social performance it has gained the status of middle income country according to United Nations criteria. The most important sector of the economy is services with commerce, transport, government and tourism accounting for the biggest share. Remittances are also crucial (9 percent of GDP). In recent years, foreign direct investment in tourism and manufacturing has been increasing due to stable political environment and increasingly skilled labour force. However, in order to keep current pace of growth, Cape Verde has to address drought prone agriculture, outdated infrastructure and youth unemployment. This page provides the latest reported value for - Cape Verde GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cape Verde GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 4.00 12.40 -5.30 1981 - 2017 percent Quarterly

GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Sep/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
South Korea 3.80 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
Mexico 1.50 Sep/17
United Kingdom 1.50 Sep/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17