Cape Verde GDP Growth Rate Slows in Q1

2025-07-29 09:34 By Joana Taborda 1 min. read

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.



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