The economy of Cape Verde advanced 7.6 percent year-on-year in the fourth quarter of 2018, quickening from a 5.0 percent expansion in the previous period. It is the fastest growth since Q1 2012, amid stronger gains in public administration (11.9 percent vs 2.7 percent in Q3) and real estate and other services (6.7 percent vs 5.3 percent). Also, output rebounded for transportation (1.8 percent vs -3.5 percent) and mining (2.7 percent vs -4.8 percent). On the expenditure side, main contributors to growth were investment (15.1 percent vs 7.2 percent), household consumption (2.9 percent vs 5.8 percent) and net trade, as exports surged 6.2 percent (vs 7.5 percent in Q3) and imports went up at a slower 2.2 percent (vs 8.0 percent in Q3). Meanwhile, government spending declined (-4.6 percent vs 0.4 percent). In 2018, the GDP expanded 5.5 percent compared to 4.0 percent in 2017. GDP Annual Growth Rate in Cape Verde averaged 3.86 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 4.20 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 3.80 in 12 months time. In the long-term, the Cape Verde GDP Annual Growth Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

Cape Verde GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
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%
2019-01-02 10:50 AM GDP Growth Rate YoY 5% 5.9% 4.2%
2019-04-01 12:25 PM GDP Growth Rate YoY 7.6% 5% 4%
2019-08-02 11:00 AM GDP Growth Rate YoY 7.6% 4.8%
2019-09-27 01:30 PM GDP Growth Rate YoY 4.2%
2019-12-27 02:00 PM GDP Growth Rate YoY 4.6%


Cape Verde GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 7.60 5.00 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 42660.00 39463.70 42660.00 29064.80 CVE Million [+]
GDP From Agriculture 1502.50 1553.90 4151.30 1374.80 CVE Million [+]
GDP From Construction 2783.50 2945.10 4644.60 2057.30 CVE Million [+]
GDP From Manufacturing 2660.90 2348.30 2682.70 1271.20 CVE Million [+]
GDP From Mining 78.70 83.40 296.80 65.90 CVE Million [+]
GDP From Public Administration 6534.50 6103.40 6775.80 3137.00 CVE Million [+]
GDP From Services 4501.00 4316.90 4819.40 3282.20 CVE Million [+]
GDP From Transport 3686.20 3016.90 3771.20 2679.60 CVE Million [+]
GDP From Utilities 1745.30 1735.90 1745.30 203.60 CVE Million [+]


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. 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.60 5.00 13.60 -3.50 1981 - 2018 percent Quarterly




Country Last Previous
China 6.40 Mar/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -6.20 Dec/18


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