The Gross Domestic Product (GDP) in Cape Verde expanded 13.50 percent in the fourth quarter of 2021 over the previous quarter. source: INE, Cape Verde

GDP Growth Rate in Cape Verde averaged 1.08 percent from 2007 until 2021, reaching an all time high of 20.99 percent in the third quarter of 2020 and a record low of -34.20 percent in the second quarter of 2020. This page provides - Cape Verde Gdp Growth Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cape Verde GDP Growth Rate - values, historical data and charts - was last updated on June of 2022.

GDP Growth Rate in Cape Verde is expected to be 3.00 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 Growth Rate is projected to trend around 1.80 percent in 2023, according to our econometric models.

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Cape Verde GDP Growth Rate

Related Last Previous Unit Reference
GDP Annual Growth Rate 13.20 9.40 percent Dec 2021
Gross Fixed Capital Formation 13839.00 13158.00 CVE Million Dec 2021
GDP Growth Rate 13.50 0.80 percent Dec 2021
GDP From Utilities 1537.00 1513.00 CVE Million Dec 2021
GDP From Transport 2880.00 2482.00 CVE Million Dec 2021
GDP From Services 4212.00 3767.00 CVE Million Dec 2021
GDP From Public Administration 9282.00 7750.00 CVE Million Dec 2021
GDP From Mining 78.00 88.00 CVE Million Dec 2021
GDP From Manufacturing 3481.00 2339.00 CVE Million Dec 2021
GDP From Construction 3927.00 4440.00 CVE Million Dec 2021
GDP From Agriculture 1036.00 1500.00 CVE Million Dec 2021
GDP Constant Prices 42624.73 37391.45 CVE Million Dec 2021

Cape Verde GDP 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
13.50 0.80 20.99 -34.20 2007 - 2021 percent Quarterly