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 However, in order to keep current pace of growth, Cape Verde has to address drought prone agriculture, outdated infrastructure and youth unemployment.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.