Cape Verde GDP Annual Growth Rate

The economy of Cape Verde advanced 5.2 percent year-on-year in the first quarter of 2019, slowing from an upwardly revised 8.2 percent expansion in the previous period. Output growth eased in manufacturing (1.9 percent vs 7.7 percent in Q4); mining (5.2 percent vs 6.9 percent); real estate and other services (7.5 percent vs 13.9 percent); and trade (5.5 percent vs 8.8 percent). Also, output shrank in fishing (-22.5 percent vs 2.5 percent); and transportation (-3.3 percent vs 0.8 percent) and contracted further in telecommunications (-6.3 percent vs -4.2 percent) and business services (-4.6 percent vs -4 percent). On the expenditure side, investment shrank 11.4 percent, after expanding 14 percent in the prior quarter while household consumption (5.3 percent vs 3.8 percent) and government spending (20.8 percent vs -6 percent) increased. Exports surged 8 percent (vs 7.4 percent in Q4) and imports advanced at a softer 2.1 percent (vs 2.3 percent in Q4). GDP Annual Growth Rate in Cape Verde averaged 3.84 percent from 1981 until 2019, 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 4.80 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 4.90 in 12 months time. In the long-term, the Cape Verde GDP Annual Growth Rate is projected to trend around 6.30 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2018-09-28	01:30 PM	GDP Growth Rate YoY Q2	5.9%	3.5%	4.5%
2019-01-02	10:50 AM	GDP Growth Rate YoY Q3	5%	5.9%	4.2%
2019-04-01	12:25 PM	GDP Growth Rate YoY Q4	7.6%	5%	4%
2019-07-23	10:00 AM	GDP Growth Rate YoY Q1	5.2%	8.2%	5.3%
2019-09-27	01:30 PM	GDP Growth Rate YoY Q2		5.2%	4.6%
2019-12-27	02:00 PM	GDP Growth Rate YoY Q3			4.8%

Cape Verde GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	5.20	8.20	13.60	-3.50	percent	[+]
GDP	1.99	1.77	1.99	0.13	USD Billion	[+]
GDP per capita	2738.31	2749.48	2749.48	496.99	USD	[+]
GDP per capita PPP	6662.00	6387.10	6662.00	1659.10	USD	[+]
GDP per capita	3786.70	3630.50	3786.70	680.50	USD	[+]
GDP Constant Prices	40927.80	42356.00	42356.00	29064.80	CVE Million	[+]
GDP From Agriculture	2159.90	1665.80	4151.20	1374.80	CVE Million	[+]
GDP From Construction	3479.00	3337.10	4644.60	2057.60	CVE Million	[+]
GDP From Manufacturing	2547.40	2517.40	2547.40	1271.20	CVE Million	[+]
GDP From Mining	72.90	70.90	296.80	64.60	CVE Million	[+]
GDP From Public Administration	6621.80	6718.40	6775.30	3137.00	CVE Million	[+]
GDP From Services	4288.10	4553.10	4819.40	3282.20	CVE Million	[+]
GDP From Transport	3351.40	3753.70	3771.20	2679.80	CVE Million	[+]
GDP From Utilities	1312.30	1396.80	1406.00	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 August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	5.20	8.20	13.60	-3.50	1981 - 2019	percent	Quarterly

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Country	Last		Previous	Range
China	6.20	Jun/19	6.4	15.4 : 3.8	%
India	5.80	Mar/19	6.6	11.4 : -5.2	%
Indonesia	5.05	Jun/19	5.07	7.16 : 1.56	%
Spain	2.30	Jun/19	2.4	5.6 : -4.3	%
United States	2.30	Jun/19	2.7	13.4 : -3.9	%
South Korea	2.10	Jun/19	1.7	20.8 : -7.3	%
Netherlands	2.00	Jun/19	1.7	6.1 : -4.6	%
Australia	1.80	Mar/19	2.3	8.3 : -3.5	%
Saudi Arabia	1.70	Mar/19	3.6	24.2 : -20.7	%
Switzerland	1.70	Mar/19	1.5	5.8 : -3.7	%
Canada	1.30	Mar/19	1.6	9.3 : -4.1	%
France	1.30	Jun/19	1.2	12.6 : -3.8	%
Japan	1.20	Jun/19	1	9.4 : -8.8	%
United Kingdom	1.20	Jun/19	1.8	9.7 : -6.1	%
Euro Area	1.10	Jun/19	1.2	5 : -5.5	%
Russia	0.90	Jun/19	0.5	12.1 : -11.2	%
Brazil	0.50	Mar/19	1.1	10.1 : -5.5	%
Germany	0.40	Jun/19	0.9	7.2 : -6.8	%
Singapore	0.10	Jun/19	1.1	18.6 : -7.7	%
Italy	0.00	Jun/19	-0.1	10.3 : -7.2	%
South Africa	0.00	Mar/19	1.1	7.1 : -2.6	%
Mexico	-0.70	Jun/19	1.2	9 : -9.1	%
Turkey	-2.60	Mar/19	-3	11.7 : -14.4	%
Argentina	-5.80	Mar/19	-6.2	16.2 : -16.3	%