The economy of Cape Verde grew by 8.9% year-on-year in Q2 2026, the fastest pace since Q1 2024, accelerating from 6.4% in the previous period. The data underscored the resilience of the economy despite a challenging global environment. Growth was mainly boosted by stronger activity in trade and repair (+25.9%), construction (+35.3%), financial and insurance activities (+18%), and agriculture (+32.6%). Taxes less subsidies also rose by 4.7%, contributing positively. On the expenditure side, growth reflected higher household consumption (+6.2%) and government spending (+8.7%), with investment (+56.9%) providing the main boost. Meanwhile, net trade contributed negatively to GDP, as imports (+21.3%) rose much faster than exports (+8.8%). source: INE, Cape Verde

The Gross Domestic Product (GDP) in Cape Verde expanded 8.90 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Cape Verde averaged 4.00 percent from 1981 until 2026, reaching an all time high of 31.50 percent in the second quarter of 2021 and a record low of -33.30 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

The Gross Domestic Product (GDP) in Cape Verde expanded 8.90 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Cape Verde is expected to be 7.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde GDP Annual Growth Rate is projected to trend around 5.80 percent in 2027 and 6.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-15 09:00 AM
GDP Growth Rate YoY
Q1 6.4% 7.3% 4.2%
2026-09-30 09:00 AM
GDP Growth Rate YoY
Q2 8.9% 6.4% 5.8%
2026-12-30 10:00 AM
GDP Growth Rate YoY
Q3 8.9% 7.6%


Related Last Previous Unit Reference
GDP Growth Rate YoY 8.90 6.40 percent Jun 2026
GDP Constant Prices 63620.00 64209.00 CVE Million Jun 2026
GDP from Agriculture 1867.40 2765.20 CVE Million Jun 2026
GDP from Construction 2269.90 1689.80 CVE Million Jun 2026
GDP from Manufacturing 3018.70 2965.10 CVE Million Jun 2026
GDP from Mining 132.00 98.20 CVE Million Jun 2026
GDP from Public Administration 7914.80 7003.50 CVE Million Jun 2026
GDP from Services 7138.52 6209.25 CVE Million Jun 2026
GDP from Transport 7588.70 8334.10 CVE Million Jun 2026
GDP from Utilities 1449.27 1457.82 CVE Million Jun 2026
GDP Growth Rate -0.90 -3.80 percent Jun 2026
Gross Fixed Capital Formation 22117.74 11636.87 CVE Million Jun 2026


Cape Verde GDP Annual Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
8.90 6.40 31.50 -33.30 1981 - 2026 percent Quarterly

News Stream
Cape Verde Economy Picks Up in Q2
The economy of Cape Verde grew by 8.9% year-on-year in Q2 2026, the fastest pace since Q1 2024, accelerating from 6.4% in the previous period. The data underscored the resilience of the economy despite a challenging global environment. Growth was mainly boosted by stronger activity in trade and repair (+25.9%), construction (+35.3%), financial and insurance activities (+18%), and agriculture (+32.6%). Taxes less subsidies also rose by 4.7%, contributing positively. On the expenditure side, growth reflected higher household consumption (+6.2%) and government spending (+8.7%), with investment (+56.9%) providing the main boost. Meanwhile, net trade contributed negatively to GDP, as imports (+21.3%) rose much faster than exports (+8.8%).
2026-09-30
Cape Verde Economic Growth Remains Robust
The economy of Cape Verde advanced by 6.5% year-on-year in Q1 2026, sustaining robust growth after an upwardly revised 7.3% expansion in the previous period. Key contributors included fishing and aquaculture (48.2% vs -6.9% in Q4 2025), trade and repair services (7.3% vs 3.3%), financial and insurance activities (17.2% vs 15.6%), real estate (6.4% vs 6.3%), public administration (10.4% vs 9.9%), and education (17.9% vs 78.5%). Moreover, net taxes on products increased by a solid 6.6%. On the demand side, the expansion was mainly driven by private consumption (4.5% vs 1.8%) and increased investment (15.9% vs 5.9%). Government spending also remained supportive, rising 10%, although at a slower pace than the previous quarter's 18.7%. Net trade contributed negatively to the GDP, as exports rose 5.5% whereas imports advanced at a faster 6.9%.
2026-07-15
Cape Verde GDP Growth Remains Solid
Cape Verde’s economy advanced by 7.1% year-on-year in the last quarter of 2025, following an upwardly revised 8.3% growth in the previous period. Key positive contributions came from manufacturing (13.1% vs 15.1% in Q3), transport and storage (10% vs 12.5%), financial and insurance services (15.6% vs 4.3%), public administration (9.9% vs 8.6%), and education (78.5% vs 9.1%). Net taxes on production and imports also increased by 7.4%. Conversely, notable declines were seen in agriculture, livestock and forestry (-24% vs -7.2%); fishing and aquiculture (-6.9% vs 1.5%); mining (-7.4% vs 17.6%); information & communication (-10.4% vs 13.9%) and construction (-7.2% vs 17.1%). On the expenditure side, growth was mainly supported by higher public consumption (18.8% vs 10.1%) and net external demand, as stronger exports of goods and services (5.7% vs 3.9%) offset imports (3.8% vs 11.9%). In 2025, GDP expanded by 6.3%, following a 7% increase in 2024.
2026-04-13