The economy of Cape Verde expanded by 7.3% year-on-year in Q3 2025, accelerating from a 6.2% advance in the previous three-month period. This was the strongest growth rate since Q1 2024, driven mainly by manufacturing (+15.2%), construction (+17.2%), transport & storage (+12.6%), and public administration (+8.5%). Conversely, agriculture, livestock and forestry registered a steep decline of 15.5%. Net taxes on products increased 11.8%, contributing 1.9 percentage points. On the demand side, the expansion was supported by higher public consumption and increased investment. Final consumption rose 4.3%, with private consumption up 3.0% and public consumption up 8.7%. Fixed investment jumped 53.7%. Net trade contributed negatively to the GDP, as exports slipped 3.8% whereas imports jumped 9.2%. source: INE, Cape Verde

The Gross Domestic Product (GDP) in Cape Verde expanded 7.30 percent in the third quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Cape Verde averaged 3.89 percent from 1981 until 2025, 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 February of 2026.

The Gross Domestic Product (GDP) in Cape Verde expanded 7.30 percent in the third quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Cape Verde is expected to be 3.50 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 4.90 percent in 2027 and 4.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-10-08 09:00 AM
GDP Growth Rate YoY
Q2 6.2% 3.7% 4.3%
2025-12-31 10:30 AM
GDP Growth Rate YoY
Q3 7.3% 6.2% 5%
2026-04-07 12:45 PM
GDP Growth Rate YoY
Q4 7.3% 7.6%


Related Last Previous Unit Reference
GDP Growth Rate YoY 7.30 6.20 percent Sep 2025
GDP Constant Prices 60312.00 58621.00 CVE Million Sep 2025
GDP from Agriculture 1477.00 1445.00 CVE Million Sep 2025
GDP from Construction 2079.00 1679.60 CVE Million Sep 2025
GDP from Manufacturing 3200.00 2863.60 CVE Million Sep 2025
GDP from Mining 120.80 97.60 CVE Million Sep 2025
GDP from Public Administration 6862.20 7711.10 CVE Million Sep 2025
GDP from Services 5990.00 5902.20 CVE Million Sep 2025
GDP from Transport 7745.30 7546.60 CVE Million Sep 2025
GDP from Utilities 3214.00 3022.40 CVE Million Sep 2025
GDP Growth Rate 2.88 -3.10 percent Sep 2025
Gross Fixed Capital Formation 21518.00 15371.00 CVE Million Sep 2025


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
7.30 6.20 31.50 -33.30 1981 - 2025 percent Quarterly

News Stream
Cape Verde GDP Growth Hits 1-1/2-Year High
The economy of Cape Verde expanded by 7.3% year-on-year in Q3 2025, accelerating from a 6.2% advance in the previous three-month period. This was the strongest growth rate since Q1 2024, driven mainly by manufacturing (+15.2%), construction (+17.2%), transport & storage (+12.6%), and public administration (+8.5%). Conversely, agriculture, livestock and forestry registered a steep decline of 15.5%. Net taxes on products increased 11.8%, contributing 1.9 percentage points. On the demand side, the expansion was supported by higher public consumption and increased investment. Final consumption rose 4.3%, with private consumption up 3.0% and public consumption up 8.7%. Fixed investment jumped 53.7%. Net trade contributed negatively to the GDP, as exports slipped 3.8% whereas imports jumped 9.2%.
2025-12-31
Cape Verde GDP Growth Accelerates in Q2
The economy of Cape Verde expanded by 6.2% year-on-year in Q2 2025, accelerating from a 3.7% rise in the previous period. Key sectors driving growth included construction (23.2% vs 15.7% in Q1), mining (25.2% vs 20.1%), fisheries (20.5% vs -17.9%), transport (7.9% vs 6.3%), accommodation and food services (15% vs 4.7%), public administration (9% vs -1%), and business services (10.9% vs 2.7%). Additionally, net taxes on products, after subsidies, increased 8.3% in Q2, adding 1.3 percentage points to total GDP growth. On the demand side, private consumption rose 2.7%, and public consumption grew 5.2%, while investment surged 12.3%. Net external demand also contributed positively to the GDP growth, as exports advanced by 3.2% (vs -6.4% in Q1) whereas imports rose by only 0.2% (vs -7.3% in Q1).
2025-10-08
Cape Verde GDP Growth Rate Slows in Q1
Cape Verde’s economy grew by 3.7% year-on-year in the first quarter of 2025, marking the slowest expansion since the third quarter of 2023 and easing from a downwardly revised 6.6% increase in the previous period. A strong rebound was recorded in the agriculture sector, which surged 25.7% after contracting 1.3% in Q4 2024. Solid performances were also seen in mining (up 20.1% vs. 23% in Q4) and construction (15.7% vs. 15.1%). Transport and warehousing growth accelerated to 6.3% from 4.7%. In contrast, public administration shrank by 1% after a sharp 13.9% rise previously, and trade contracted further, down 7.4% compared to a 4.8% drop in Q4. Growth in the real estate sector also slowed to 5.9% from 7.6%. The World Bank expects Cape Verde’s economy to grow by 5.9% in 2025, down from 7.3% in 2024.
2025-07-29