Cape Verde GDP Annual Growth Rate  1981-2016 | Data | Chart | Calendar

Cape Verde economy advanced 5.8 percent year-on-year in the first quarter of 2016, following a downwardly revised 3.1 percent in the previous period. It is the highest growth rate since the December quarter of 2013, mainly driven by agriculture (up 16.3 percent), transport (up 2.9 percent), hotels and restaurants (up 17.3 percent), real estate (up 6.2 percent), business services (up 16.9 percent) and public administration (up 3.3 percent). In contrast, construction (-6.5 percent), retail trade (-4.9 percent) and communication (-3.8 percent) weighed down on the growth. GDP Annual Growth Rate in Cape Verde averaged 4.30 percent from 1981 until 2016, 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.

Cape Verde GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
5.80 3.20 10.90 -5.10 1981 - 2016 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 However, in order to keep current pace of growth, Cape Verde has to address drought prone agriculture, outdated infrastructure and youth unemployment. 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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-30 02:00 PM Q3 1.4% 0.1% 0.5%
2016-03-31 05:00 PM Q4 3.2% 1.0% 1.14%
2016-06-30 01:00 PM Q1 5.8% 3.1% 3.9%
2016-09-30 03:00 PM Q2 5.8% 6.19%
2016-12-29 02:00 PM Q3 5.63%

Cape Verde GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.80 3.20 10.90 -5.10 percent [+]
GDP 1.63 1.87 1.87 0.13 USD Billion [+]
GDP per capita 2738.31 2749.48 2749.48 496.99 USD [+]
GDP per capita PPP 6295.90 6219.78 6295.90 1644.37 USD [+]
GDP per capita 3578.64 3535.38 3578.64 676.32 USD [+]
GDP Growth Rate 4.50 2.70 9.80 -5.20 percent [+]




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