1 °c
London
Monday, April 19, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Cape Verde: Economy grows 6.2% in Q2 of 2019

FurtherAfrica by FurtherAfrica
October 2, 2019
in Africa, Cape Verde, Development, Economy
Reading Time: 1 min read
0
BICV working to position Cape Verde as an international financial center
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Cape Verde’s Gross Domestic Product (GDP) grew 6.2% in the second quarter of this year, compared to the same period in 2018, driven by private consumption and exports, according to indicators released by the National Statistics Institute (INE).

According to data from the Quarterly National Accounts of the Cape Verdean INE, this growth is higher than that recorded in the first quarter of the year, which was 5.2% higher in year-on-year terms.

These figures translate into average economic growth in the first two-quarters of 5.7%, compared to 5% in 2018.

Exports of goods and services grew by 8.5% in the second quarter, also up from 8.0% in the previous quarter, while imports fell by 4.0%, the first decline in several quarters.

According to INE, private consumption increased 2.9% in real terms in the second quarter of 2019 but still slowed down from the 5.3% growth recorded in the previous quarter.

Public consumption showed a negative year-on-year rate of change of 14.2%, when it had increased 20.8% in the previous quarter, while investment registered a year-on-year change of 0.5% in the second quarter of 2019, against a negative variation of 11.4% in the first three months of 2019.

At the end of July, in an interview with Lusa, Cape Verde’s prime minister, Ulisses Correia e Silva, said that the government’s more realistic outlook for this year points to the economic growth of around 6% of GDP.

Still far from the target, forecast previously, of 7% per year.

The prime minister said that the 7% growth figure is not an obsession, it is a justified target because they need to reach that figure continuously so that they can double, in a decade, the per capita income of Cape Verdeans.

Source: MNA

Related

Tags: Cabo VerdeCape VerdeCape Verde Prime ministerCape Verdean INEINENational Statistics InstituteQuarterly National AccountsUlisses Correia e Silvaкабо-вердеالرأس-الأخضرカーボベルデ佛得角
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

Zambia plans to pay external debts

Next Post

Uganda Airlines to expand regional flights to seven destinations

FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

gas processing plant Angola
Angola

Angola to launch oil and gas licensing round on April 30

by Duarte Marques da Cruz
April 19, 2021
Where To Invest In Africa 2020 – RMB Report
Economy

Sub-Saharan Africa’s economic growth set to recover in 2021 – IMF

by FurtherAfrica
April 19, 2021
Fintech

South African fintech Peach Payments secures funding with plans to expand across Africa

by TechGist Africa
April 19, 2021
Aviation

Air Zimbabwe creditors to be paid through 1 to 1 Zimbabwe/US dollar ratio

by Staff
April 19, 2021
South Africa Green bond
Energy

Renewable energy ensuring economic and climate resilience for Southern Africa

by FurtherAfrica
April 19, 2021
Next Post

Uganda Airlines to expand regional flights to seven destinations

Nedbank CEO Sees State-Owned Firms as Biggest South African Risk

South Africa to pay more for debt until fiscal problems addressed

Tanzania inflation flat at 4% year-on-year in January

Can Tanzania secure billions through Oil and Gas?

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?