The Gross Domestic Product (GDP) in Cape Verde expanded 2.10 percent in the third quarter of 2022 over the previous quarter. source: INE, Cape Verde

GDP Growth Rate in Cape Verde averaged 0.94 percent from 2007 until 2022, reaching an all time high of 21.70 percent in the third quarter of 2020 and a record low of -34.70 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 March of 2023.

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 2.00 percent in 2023 and 1.80 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Cape Verde GDP Growth Rate



Related Last Previous Unit Reference
GDP Annual Growth Rate 17.10 17.70 percent Sep 2022
Gross Fixed Capital Formation 15508.00 12337.00 CVE Million Sep 2022
GDP Growth Rate 2.10 1.30 percent Sep 2022
GDP from Utilities 1636.00 1510.00 CVE Million Sep 2022
GDP from Transport 3551.00 3252.00 CVE Million Sep 2022
GDP from Services 5201.00 4858.00 CVE Million Sep 2022
GDP from Public Administration 8043.00 8155.00 CVE Million Sep 2022
GDP from Mining 84.00 82.00 CVE Million Sep 2022
GDP from Manufacturing 2668.00 2614.00 CVE Million Sep 2022
GDP from Construction 4322.00 4209.00 CVE Million Sep 2022
GDP from Agriculture 1283.00 2354.00 CVE Million Sep 2022
GDP Constant Prices 44241.76 43322.49 CVE Million Sep 2022

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
2.10 1.30 21.70 -34.70 2007 - 2022 percent Quarterly