Cabo Verde GDP Composition by Sector

The GDP composition of Cabo Verde for 2023 reveals a dominant services sector, comprising 35.56% of the GDP, followed by wholesale, retail trade, restaurants, and hotels at 20.34%. Transport, storage, and communication represent 14.75%, while mining, manufacturing, and utilities account for 10%. Construction and agriculture sectors contribute 9.93% and 9.42%, respectively. Over the last two years, the services sector showed a modest growth, but the wholesale and retail sector expanded significantly. Transport, mining, and construction sectors had slight variations, while agriculture faced minimal growth. The five-year CAGR indicates a steady increase overall.

Future trends to watch for Cabo Verde's GDP composition include:

  • Potential expansion in the tourism industry impacting the wholesale, retail, trade, and services sectors positively.
  • Infrastructure development may drive growth in the construction sector.
  • Technological advancements could stimulate the transport and communication industry.
  • Sustainable practices and innovation might lead to developments in the agriculture sector.

Top countries in GDP Composition by Sector

# 6 Countries Percent Last Year
1 1 Services 35.56 2016
2 2 Wholesale, retail trade, restaurants and hotels 20.34 2016
3 3 Transport, storage and communication 14.75 2016
4 4 Mining, Manufacturing, Utilities 10 2016
5 5 Construction 9.93 2016
6 6 Agriculture, hunting, forestry, fishing 9.42 2016

Top Countries about Retail