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Cape Verde Economic Growth Remains Robust

EthereumCraftsman
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Abstract generation in progress
The economy of Cape Verde advanced by 6.5% year-on-year in Q1 2026, sustaining robust growth after an upwardly revised 7.3% expansion in the previous period. Key contributors included fishing and aquaculture (48.2% vs -6.9% in Q4 2025), trade and repair services (7.3% vs 3.3%), financial and insurance activities (17.2% vs 15.6%), real estate (6.4% vs 6.3%), public administration (10.4% vs 9.9%), and education (17.9% vs 78.5%). Moreover, net taxes on products increased by a solid 6.6%. On the demand side, the expansion was mainly supported by private consumption (4.5% vs 1.8%) and increased investment (15.9% vs 5.9%). Net trade contributed negatively to the GDP, as exports rose 5.5% whereas imports advanced at a faster 6.9%.
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