Cabo Verde PIB - Tasa de crecimiento anual

The economy of Cape Verde advanced by 6.7% over a year in Q4 2024, following an upwardly revised 3.4% rise in the previous three-month period. The expansion was mainly supported by growth in the accommodation and catering sector (27% vs 20.2% in Q3), manufacturing industry (12.3% vs 1%), business services (18.1% vs 0.8%), and public administration (13.3% vs -4.1%), as well as increases in final consumption (6.9% vs -1.2%) and fixed investment (9.5% vs -16.3%). Meanwhile, exports rose by 6.1% (vs 8.1% in Q3) while imports surged by 7.9% (vs -10.2% in Q3). In 2024, the economy grew by 7.3%, building on the upwardly revised 5.4% growth in 2023. Tourism remained the driving force of the economy in 2024, with the archipelago adding more European air routes and reaching a record 1.2 million visitors.