Analysis by Region - Emerging Markets - Cape Verde

Analysis by Region - Emerging Markets - Cape Verde

Real GDP growth in Cape Verde surged to 13.1% last year, from 7.0% in 2021 and represents a higher revision compared to the previous estimate of 10.7% for 2022. This acceleration can be attributed to a faster-than-expected recovery in the tourism sector, a vital part of the economy. Influenced by tight global monetary conditions, economic growth is predicted to moderate to 4.6% in 2023.