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.

Cape Verde GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus 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 [+]


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. 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




Country Last Previous
China 6.00 Sep/19
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Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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