PRAIA, July 2 (Xinhua) -- Cabo Verde's economy expanded 6.4 percent year on year in the first quarter of 2026, driven mainly by stronger private consumption, investment, and robust growth in the fisheries sector, the National Institute of Statistics (INE) said Thursday.
According to the INE, fisheries and aquaculture made the largest contribution to growth, surging 48.2 percent from a year earlier despite accounting for about 2 percent of gross domestic product. Trade and repair services, financial and insurance activities, real estate, public administration and education also supported the growth.
Agriculture, livestock and forestry contracted 5.9 percent, the sharpest decline among all sectors.
On the expenditure side, private consumption rose by 4.5 percent, public consumption increased by 10 percent, and investment climbed by 15.9 percent year on year. Exports of goods and services grew by 5.5 percent, while imports rose by 6.9 percent.
Cabo Verde's economy grew by 7 percent in 2024 and by 6.3 percent in 2025.
