Cape Verde GDP Annual Growth Rate  1981-2018 | Data | Chart | Calendar

The economy of Cape Verde advanced 4.9 percent year-on-year in the third quarter of 2017, higher than a downwardly revised 3 percent rise in the previous period. It is the highest growth rate since the first quarter of 2012, boosted by a rise in private spending (11 percent compared to 11.5 percent in Q2; a rebound in public consumption (16.3 percent compared to -11.7 percent); a recovery in exports (14.1 percent compared to -5.2 percent in Q2) and a slowdown in imports (5.8 percent compared to 15 percent cin Q2). On the other hand, investment slumped 12.3 percent, following a 22.4 percent jump in Q2. GDP Annual Growth Rate in Cape Verde averaged 3.70 percent from 1981 until 2017, reaching an all time high of 13.10 percent in the third quarter of 2008 and a record low of -5.60 percent in the first quarter of 2013.

Cape Verde GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
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%
2018-01-02 05:15 PM GDP Growth Rate YoY 4.9% 3% 3.8%
2018-04-04 02:00 PM GDP Growth Rate YoY 4.9% 4.50%
2018-07-04 02:00 PM GDP Growth Rate YoY 4.80%
2018-09-28 01:55 PM GDP Growth Rate YoY 4.90%


Cape Verde GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.90 3.00 13.10 -5.60 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 [+]
Gdp From Agriculture 2131.97 2614.39 3874.62 1418.51 CVE Millions [+]
Gdp From Construction 3270.67 3129.34 4640.13 2333.85 CVE Millions [+]
Gdp From Manufacturing 2953.40 3346.15 3346.15 1272.66 CVE Millions [+]
Gdp From Mining 143.26 135.50 301.24 97.03 CVE Millions [+]
Gdp From Public Administration 6785.19 7202.77 7676.22 3173.59 CVE Millions [+]
Gdp From Services 1786.15 1788.56 1814.21 1111.40 CVE Millions [+]
Gdp From Transport 3719.04 4127.52 4127.52 2963.58 CVE Millions [+]
Gdp From Utilities 1551.30 1462.07 1551.30 202.49 CVE Millions [+]


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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.90 3.00 13.10 -5.60 1981 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Dec/17
India 6.30 Sep/17
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 3.00 Sep/17
South Korea 3.00 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
Australia 2.80 Sep/17
Euro Area 2.70 Dec/17
United States 2.50 Dec/17
France 2.40 Dec/17
Mexico 1.80 Dec/17
Russia 1.80 Sep/17
Italy 1.60 Dec/17
Japan 1.50 Dec/17
United Kingdom 1.50 Dec/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17


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