Cape Verde GDP Growth Remains Solid

Cape Verde’s economy advanced by 7.1% year-on-year in the last quarter of 2025, following an upwardly revised 8.3% growth in the previous period. Key positive contributions came from manufacturing (13.1% vs 15.1% in Q3), transport and storage (10% vs 12.5%), financial and insurance services (15.6% vs 4.3%), public administration (9.9% vs 8.6%), and education (78.5% vs 9.1%). Net taxes on production and imports also increased by 7.4%. On the expenditure side, growth was mainly supported by higher public consumption (18.8% vs 10.1%) and net external demand, as stronger exports of goods and services (5.7% vs 3.9%) offset imports (3.8% vs 11.9%). In 2025, GDP expanded by 6.3%, following a 7% increase in 2024.