Cape Verde GDP Annual Growth Rate

The economy of Cape Verde advanced 6.2 percent year-on-year in the second quarter of 2019, up from 5.2 percent in the previous period, mainly boosted by internal trade (10 percent vs 5.5 percent in Q1); manufacturing (7.7 percent vs 1.9 percent) and construction (6.6 percent vs 4.3 percent). In addition, output rebounded sharply for transport (13.1 percent vs -3.3 percent) and agriculture (6.4 percent vs -1.0 percent). On the other hand, growth slowed in finance (9.8 percent vs 12 percent); real estate activities (4.1 percent vs 7.5 percent); public administration (4.6 percent vs 15.1 percent); food and accommodation services (3.5 percent vs 6.5 percent); utilities (7.1 percent vs 13.5 percent) and mining (4.5 percent vs 5.2 percent). Also, contractions were recorded in business services (-8.1 percent vs -4.6 percent); post & telecommunications (-6.7 percent vs -6.3 percent) and fisheries (-9.5 percent vs -22.5 percent). GDP Annual Growth Rate in Cape Verde averaged 3.87 percent from 1981 until 2019, reaching an all time high of 13.60 percent in the third quarter of 2008 and a record low of -3.50 percent in the first quarter of 2013.

GDP Annual Growth Rate in Cape Verde is expected to be 5.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Cape Verde to stand at 4.90 in 12 months time. In the long-term, the Cape Verde GDP Annual Growth Rate is projected to trend around 6.30 percent in 2020, according to our econometric models.

1Y 5Y 10Y MAX

width

height

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Learn More Questions? Contact us Already a Member? Login

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

Calendar	GMT		Actual	Previous	TEForecast
2019-01-02	10:50 AM	GDP Growth Rate YoY Q3	5%	5.9%	4.2%
2019-04-01	12:25 PM	GDP Growth Rate YoY Q4	7.6%	5%	4%
2019-07-23	10:00 AM	GDP Growth Rate YoY Q1	5.2%	8.2%	5.3%
2019-09-30	01:40 PM	GDP Growth Rate YoY Q2	6.2%	5.2%	4.6%
2019-12-27	02:00 PM	GDP Growth Rate YoY Q3		6.2%	5.7%

Cape Verde GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	6.20	5.20	13.60	-3.50	percent	[+]
GDP	1.99	1.77	1.99	0.13	USD Billion	[+]
GDP per capita	2738.31	2749.48	2749.48	496.99	USD	[+]
GDP per capita PPP	6662.00	6387.10	6662.00	1659.10	USD	[+]
Gross Fixed Capital Formation	15973.30	12263.00	19574.60	7055.00	CVE Million	[+]
GDP Constant Prices	42130.50	40929.00	42357.00	29064.80	CVE Million	[+]
GDP From Agriculture	2709.80	2159.90	4151.20	1374.80	CVE Million	[+]
GDP From Construction	3998.50	3479.00	4644.60	2057.60	CVE Million	[+]
GDP From Manufacturing	2435.00	2547.40	2547.40	1271.20	CVE Million	[+]
GDP From Mining	83.00	72.90	296.80	64.60	CVE Million	[+]
GDP From Public Administration	6874.00	6621.80	6874.00	3137.00	CVE Million	[+]
GDP From Services	4435.00	4288.10	4819.40	3282.20	CVE Million	[+]
GDP From Transport	3817.00	3351.40	3817.00	2679.80	CVE Million	[+]
GDP From Utilities	1340.00	1312.30	1406.00	203.60	CVE Million	[+]
GDP per capita	3786.70	3630.50	3786.70	680.50	USD	[+]

The most important sector of Cape Verde’s economy is services and accounts for 72 percent of total GDP, of which public administration (18 percent); real estate and other services (13 percent); wholesale and retail trade (12 percent); transport (11 percent) and hotels and restaurants (7 percent). Industry constitutes 21 percent with construction (9 percent) and manufacturing, mining and quarrying (8 percent). Agriculture and fishing create 7 percent of the wealth. On the expenditure side, household consumption is the main component of GDP and accounts for 66 percent of its total use, followed by capital formation (36 percent) and government expenditure (17 percent). Exports of goods and services account for 47 percent of GDP while imports account for 67 percent, subtracting 20 percent of total GDP. 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 October of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	6.20	5.20	13.60	-3.50	1981 - 2019	percent	Quarterly

Export Data API

Country	Last		Previous	Range
China	6.00	Sep/19	6.2	15.4 : 3.8	%
Indonesia	5.05	Jun/19	5.07	7.16 : 1.56	%
India	5.00	Jun/19	5.8	11.4 : -5.2	%
United States	2.30	Jun/19	2.7	13.4 : -3.9	%
South Korea	2.00	Jun/19	1.7	20.8 : -7.3	%
Spain	2.00	Jun/19	2.2	5.4 : -4.3	%
Netherlands	1.80	Jun/19	1.7	6.1 : -4.6	%
Canada	1.60	Jun/19	1.4	9.3 : -4.1	%
Australia	1.40	Jun/19	1.7	9 : -3.4	%
France	1.40	Jun/19	1.3	12.6 : -3.8	%
United Kingdom	1.30	Jun/19	2.1	9.8 : -5.8	%
Euro Area	1.20	Jun/19	1.3	5 : -5.5	%
Brazil	1.00	Jun/19	0.5	10.1 : -5.5	%
Japan	1.00	Jun/19	1	9.4 : -8.8	%
Russia	0.90	Jun/19	0.5	12.1 : -11.2	%
South Africa	0.90	Jun/19	0	7.1 : -2.6	%
Argentina	0.60	Jun/19	-5.8	16.2 : -16.3	%
Saudi Arabia	0.50	Jun/19	1.7	24.2 : -20.7	%
Germany	0.40	Jun/19	0.9	7.2 : -6.9	%
Switzerland	0.20	Jun/19	1	5.8 : -3.7	%
Singapore	0.10	Sep/19	0.1	18.6 : -7.7	%
Italy	-0.10	Jun/19	-0.1	10.3 : -7.2	%
Mexico	-0.80	Jun/19	1.2	9 : -9.1	%
Turkey	-1.50	Jun/19	-2.4	11.7 : -14.4	%