Cape Verde GDP Annual Growth Rate

The economy of Cape Verde grew 5.9 percent year-on-year in the second quarter of 2018, following an upwardly revised 3.5 percent expansion in the previous period. It was the strongest growth in rate since the third quarter of 2017, as public spending (21.2 percent compared to -6.0 percent in Q1) and household consumption (0.3 percent compared to -3.2 percent) rebounded. Additionally, investment increased 5.0 percent, after expanding 2.3 percent in the first quarter of the year. Meantime, exports jumped 27.7 percent (compared to 11.5 percent in Q1) and imports went up 16.7 percent (compared to -0.1 percent). On a quarterly basis, the economy advanced 2.0 percent. GDP Annual Growth Rate in Cape Verde averaged 3.79 percent from 1981 until 2018, 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 4.10 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 4.60 in 12 months time. In the long-term, the Cape Verde GDP Annual Growth Rate is projected to trend around 3.12 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2018-01-02	05:15 PM	GDP Growth Rate YoY	4.9%	3%	3.8%
2018-04-04	09:00 AM	GDP Growth Rate YoY	4.7%	4.9%	5.0%
2018-08-02	11:00 AM	GDP Growth Rate YoY	3.4%	4.2%	4.5%
2018-09-28	01:30 PM	GDP Growth Rate YoY	5.9%	3.5%	4.5%
2018-12-28	02:00 PM	GDP Growth Rate YoY		5.9%	4.3%
2019-01-02	05:15 PM	GDP Growth Rate YoY			4.60%
2019-04-04	09:00 AM	GDP Growth Rate YoY			4.10%

Cape Verde GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	5.90	3.50	13.60	-3.50	percent	[+]
GDP	1.75	1.64	1.86	0.13	USD Billion	[+]
GDP per capita	2738.31	2749.48	2749.48	496.99	USD	[+]
GDP per capita PPP	6222.55	6065.30	6222.55	1641.50	USD	[+]
GDP per capita	3536.96	3447.60	3536.96	673.80	USD	[+]
GDP Constant Prices	39944.00	39161.70	39944.00	29064.80	CVE Million	[+]
GDP From Agriculture	2273.20	1931.50	4151.30	1374.80	CVE Million	[+]
GDP From Construction	3136.60	2760.60	4644.60	2057.30	CVE Million	[+]
GDP From Manufacturing	2416.20	2682.70	2682.70	1271.20	CVE Million	[+]
GDP From Mining	89.10	78.80	296.80	65.90	CVE Million	[+]
GDP From Public Administration	6466.70	5658.60	6775.80	3137.00	CVE Million	[+]
GDP From Services	3983.20	4009.80	4819.40	3282.20	CVE Million	[+]
GDP From Transport	3288.60	3371.70	3771.20	2679.60	CVE Million	[+]
GDP From Utilities	1590.90	1503.90	1646.80	203.60	CVE Million	[+]

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 December of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	5.90	3.50	13.60	-3.50	1981 - 2018	percent	Quarterly

Export Data API

Country	Last		Previous	Range
India	7.10	Sep/18	8.2	11.4 : -5.2	%
China	6.50	Sep/18	6.7	15.4 : 3.8	%
Indonesia	5.17	Sep/18	5.27	7.16 : 1.56	%
United States	3.00	Sep/18	2.9	13.4 : -3.9	%
Australia	2.80	Sep/18	3.1	9 : -3.4	%
Mexico	2.50	Sep/18	2.6	9 : -9.1	%
Spain	2.50	Sep/18	2.5	5.6 : -4.3	%
Netherlands	2.40	Sep/18	3.1	6.1 : -4.6	%
Switzerland	2.40	Sep/18	3.5	5.8 : -3.7	%
Singapore	2.20	Sep/18	4.1	19 : -8.8	%
South Korea	2.00	Sep/18	2.8	20.8 : -7.3	%
Canada	1.90	Jun/18	2.3	9.3 : -4.1	%
Saudi Arabia	1.61	Jun/18	1.15	24.2 : -20.7	%
Euro Area	1.60	Sep/18	2.2	5 : -5.5	%
Turkey	1.60	Sep/18	5.3	11.7 : -14.4	%
Russia	1.50	Sep/18	1.9	12.1 : -11.2	%
United Kingdom	1.50	Sep/18	1.2	9.7 : -6.1	%
France	1.40	Sep/18	1.6	12.6 : -3.8	%
Brazil	1.30	Sep/18	0.9	10.1 : -5.5	%
Germany	1.10	Sep/18	2	7.2 : -6.8	%
South Africa	1.10	Sep/18	0.4	7.1 : -2.6	%
Italy	0.70	Sep/18	1.2	10.3 : -7.2	%
Japan	0.00	Sep/18	1.4	9.4 : -8.8	%
Argentina	-4.20	Jun/18	3.9	16.2 : -16.3	%