Africa-Press – Cape verde. Cape Verde’s GDP recorded annual growth of 6.2 percent (%) in the second quarter of 2025, with significant contributions from construction, transportation, accommodation and food services, and public administration.
The Quarterly National Accounts data for the second quarter of 2025 were released today by the National Statistics Institute (INE), which also indicate a 2.5 percentage point (p.p.) increase in Gross Domestic Product (GDP), compared to 3.7% in the previous quarter.
From a production perspective, Gross Value Added (GVA) at basic prices increased by 5.9%, with the activities that generated the most wealth in the country: accommodation and food services, with GVA growth of 15.0% in real terms and 1.1 p.p., the main contributor to GDP growth.
Construction recorded a 23.2% increase, +0.7 percentage points. Transportation and Storage saw a real GVA increase of 7.9%, +0.9 percentage points. Public Administration saw a positive change of 9.0%, contributing +1.0 percentage points.
Taxes Net of Subsidies on Products also showed a positive year-over-year increase of 8.3% in the second quarter, contributing 1.3 percentage points to the total GDP growth.
The Trade and Repair sector recorded a negative annual change of 3.4%, contributing -0.4 percentage points to GDP.
From an expenditure perspective, Investment saw a positive year-over-year growth of 12.3% in volume, increasing from 6.1% in the previous quarter. Final Consumption, both private and public, saw a positive year-over-year growth of 3.3% in the second quarter of 2025, 1.3% more than the previous quarter.
Public Final Consumption showed significant growth of 5.2% in volume, reversing the -1.3% decline in the first quarter, and Private Final Consumption increased by 2.7%.
In the external sector, Exports of Goods and Services recorded a positive growth of 3.2% in volume, a result that improved due to the 8.6% increase in Exports of Services year-over-year, offsetting the 10.0% decline in exports of goods. Imports of Goods and Services increased by 0.2%.
In the first two quarters of 2025, GDP growth reached 4.9%, with the result mainly due to the activities of Agriculture, Construction, Transportation and Storage, Accommodation and Food and Business Service Activities.
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