The Gross Domestic Product (GDP) in Cape Verde expanded 1.80 percent in the first quarter of 2021 over the previous quarter. source: INE, Cape Verde

GDP Growth Rate in Cape Verde averaged 0.94 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 December of 2021.

GDP Growth Rate in Cape Verde is expected to be 1.60 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 3.00 percent in 2022 and 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 30.80 -11.00 percent Jun/21
GDP Growth Rate -3.30 1.80 percent Jun/21
GDP From Utilities 1338.00 1270.00 CVE Million Jun/21
GDP From Transport 2737.00 2623.00 CVE Million Jun/21
GDP From Services 3733.00 4934.00 CVE Million Jun/21
GDP From Public Administration 8244.00 7808.00 CVE Million Jun/21
GDP From Mining 90.00 87.00 CVE Million Jun/21
GDP From Manufacturing 2282.00 2732.00 CVE Million Jun/21
GDP From Construction 4508.00 4336.00 CVE Million Jun/21
GDP From Agriculture 2342.00 2565.00 CVE Million Jun/21
GDP Constant Prices 37087.44 38354.60 CVE Million Jun/21
Gross Fixed Capital Formation 21007.00 20798.00 CVE Million Mar/21
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.