FX.co ★ Cape Verde Economy Picks Up in Q2

Cape Verde’s economy expanded by 8.9% year-on-year in Q2 2026, its fastest pace since Q1 2024 and an acceleration from 6.4% in the previous quarter. The figures highlight the economy’s resilience in a challenging global context. On the production side, growth was driven chiefly by robust gains in trade and repair (+25.9%), construction (+35.3%), financial and insurance activities (+18%), and agriculture (+32.6%). Taxes net of subsidies also increased by 4.7%, adding further support. On the expenditure side, GDP growth reflected stronger household consumption (+6.2%) and higher government spending (+8.7%), with investment surging by 56.9% and serving as the main engine of expansion. By contrast, net external demand weighed on growth, as imports (+21.3%) rose far more rapidly than exports (+8.8%).