Cape Verde GDP Annual Growth Rate 1981-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Cape Verde expanded 1 percent in the first quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in Cape Verde averaged 4.69 percent from 1981 until 2015, reaching an all time high of 10.90 percent in the fourth quarter of 1999 and a record low of -5.10 percent in the first quarter of 2013. GDP Annual Growth Rate in Cape Verde is reported by the INE, Cape Verde.

      Forecast
Cape Verde GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.80 10.90 -5.10 1981 - 2015 percent Quarterly
Cape Verde is one of the most developed countries in Africa. In recent years, as a result of its solid economic and social performance it has gained the status of middle income country according to United Nations criteria. The most important sector of the economy is services with commerce, transport, government and tourism accounting for the biggest share. Remittances are also crucial (9 percent of GDP). In recent years, foreign direct investment in tourism and manufacturing has been increasing due to stable political environment and increasingly skilled labour force. However, in order to keep current pace of growth, Cape Verde has to address drought prone agriculture, outdated infrastructure and youth unemployment. Content for - Cape Verde GDP Annual Growth Rate - was last refreshed on Friday, July 3, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-30 02:15 PM Q1 1.0% 0.8% (R) 2.94%
2015-09-30 02:00 PM Q2 1.0% 2.11%
2015-12-29 02:00 PM Q3 1.88%
2016-03-21 02:00 PM Q4 2.55%

Cape Verde GDP Last Previous Highest Lowest Unit
GDP 1.89 1.76 1.89 0.13 USD Billion [+]
GDP Annual Growth Rate 1.00 0.80 10.90 -5.10 percent [+]
GDP per capita 2738.31 2749.48 2749.48 496.99 USD [+]
GDP per capita PPP 6208.20 6233.52 6233.52 1597.21 USD [+]
GDP per capita 2738.31 2738.31 2738.31 USD [+]
GDP Growth Rate 4.50 2.70 9.80 -5.20 percent [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -1.60 Mar/15 -0.20 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Mar/15 7.30 14.20 3.80 percent [+]
Euro Area 1.00 Mar/15 0.90 5.00 -5.60 percent [+]
France 0.82 Mar/15 0.03 12.50 -3.95 percent [+]
Germany 1.10 Mar/15 1.60 5.20 -6.80 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.71 Mar/15 5.01 7.16 1.56 percent [+]
Italy 0.10 Mar/15 -0.50 10.30 -6.90 percent [+]
Japan -0.90 Mar/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.50 Mar/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.50 Mar/15 1.60 5.80 -4.40 percent [+]
Russia -2.20 Mar/15 0.40 12.10 -11.20 percent [+]
South Korea 2.50 Mar/15 2.70 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.80 -4.40 percent [+]
Switzerland 1.10 Mar/15 1.90 7.30 -3.70 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.90 Mar/15 3.40 9.80 -5.80 percent [+]
United States 2.90 Mar/15 2.40 13.40 -4.10 percent [+]