The gross domestic product (GDP) of Cape Verde increased by 3.7% in the first quarter, resulting in a year-on-year economic growth rate of 4.9% for the first half of the year.
With six months remaining, the figure approaches the forecasts made for the year 2025.
The International Monetary Fund (IMF) predicts a growth of 5.2%, the 2025 State Budget, as well as the African Development Bank (AfDB), suggest a growth of 5.3%, and the Bank of Cape Verde (BCV) anticipates 5.5%.
In the national accounts of the second quarter, released today, notable contributions from the supply side were the construction, transport, accommodation, restaurant, and public administration sectors.
On the expenditure side, the National Institute of Statistics (INE) noted an increase in public consumption and investment.
Net taxes on subsidies showed a positive year-on-year evolution of 8.3%.
