Cape Verde GDP Growth Accelerates in Q2

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The economy of Cape Verde expanded by 6.2% year-on-year in Q2 2025, accelerating from a 3.7% rise in the previous period. Key sectors driving growth included construction (23.2% vs 15.7% in Q1), mining (25.2% vs 20.1%), fisheries (20.5% vs -17.9%), transport (7.9% vs 6.3%), accommodation and food services (15% vs 4.7%), public administration (9% vs -1%), and business services (10.9% vs 2.7%). Additionally, net taxes on products, after subsidies, increased 8.3% in Q2, adding 1.3 percentage points to total GDP growth. On the demand side, private consumption rose 2.7%, and public consumption grew 5.2%, while investment surged 12.3%. Net external demand also contributed positively to the GDP growth, as exports advanced by 3.2% (vs -6.4% in Q1) whereas imports rose by only 0.2% (vs -7.3% in Q1).

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