31.12.202512:46:22UTC+00Cape Verde GDP Growth Hits 1-1/2-Year High

In the third quarter of 2025, Cape Verde's economy grew by 7.3% compared to the same period the previous year, up from a 6.2% increase in the preceding quarter. This marked the strongest growth rate since the first quarter of 2024. Key drivers of this growth included significant gains in manufacturing, which rose by 15.2%, construction, up by 17.2%, transport and storage, increasing by 12.6%, and public administration, which saw an 8.5% rise. However, the sectors of agriculture, livestock, and forestry experienced a sharp downturn, declining by 15.5%. Additionally, net taxes on products saw an 11.8% increase, contributing 1.9 percentage points to the growth.

On the demand side, the growth was bolstered by heightened public consumption and increased investment. Overall final consumption increased by 4.3%, with private consumption rising by 3.0% and public consumption by 8.7%. Fixed investment surged by 53.7%. However, net trade made a negative contribution to the GDP, as exports fell by 3.8% while imports grew by 9.2%.