dc.contributor.author	World Bank
dc.date.accessioned	2025-08-14T14:50:07Z
dc.date.available	2025-08-14T14:50:07Z
dc.date.issued	2025-08-14
dc.description.abstract	Economic growth is estimated to have accelerated to 7.3 percent in 2024, driven by the strong performance of the service sector—particularly tourism—and a recovery in agricultural activity after nearly seven years of drought. The service sector contributed 5.4 percentage points—or 70 percent—of overall growth. Tourist arrivals increased by about 16.5 percent year-on-year (y/y), reaching 1.18 million visitors (from 1 million in 2023). Notably, 2024 saw a pick-up in non-traditional tourism—with 13 percent of tourists opting for aparthotels (up from 1 percent in 2023)—boding well for the local economy. High rainfall supported a good agricultural season, with the sector contributing positively to growth for the first time in years. On the demand side, exports (dominated by tourism) and private consumption remained the primary drivers of growth.	en
dc.identifier	https://openknowledge.worldbank.org/entities/publication/f3d7d48a-cdf2-4495-aa2c-314cbbb549c6
dc.identifier.doi	https://doi.org/10.1596/43589
dc.identifier.uri	https://hdl.handle.net/10986/43589
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	ECONOMIC GROWTH
dc.subject	TOURISM
dc.subject	AGRICULTURAL ACTIVITY REBOUND
dc.subject	SERVICE SECTOR PERFORMANCE
dc.subject	EXPORTS AND PRIVATE CONSUMPTION
dc.subject	GENDER EQUALITY
dc.title	Cabo Verde Economic Update Spring 2025	en
dc.title.subtitle	Unlocking Women’s Economic Potential	en
dc.type	Report
dspace.entity.type	Publication
okr.date.disclosure	2025-08-14
okr.date.doiregistration	2025-08-16T02:11:51.501152Z
okr.date.lastmodified	2025-06-26T09:05:00Z	en
okr.doctype	Economic & Sector Work::Economic Updates and Modeling
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/099061925092539202
okr.guid	099061925092539202
okr.identifier.docmid	P507238-cfebe556-b8ee-4b5f-98ed-07dcd7e53d53
okr.identifier.externaldocumentum	40023062
okr.identifier.internaldocumentum	40023062
okr.identifier.report	202399
okr.import.id	8241
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	https://documents.worldbank.org/curated/en/099061925092539202/pdf/P507238-cfebe556-b8ee-4b5f-98ed-07dcd7e53d53.pdf	en
okr.region.administrative	Africa Western and Central (AFW)
okr.region.country	Cape Verde
okr.sector	Central Government (Central Agencies),Social Protection
okr.sector	Social Protection,Public Administration
okr.theme	Macroeconomic Modeling,Energy and Mineral Resources,Macroeconomic Simulation and Policy Analysis,Environment, Infrastructure, and Natural Resource Management,Debt Management,Macroeconomic Model Development,Debt Policy,Adaptive Social Protection,Just Transition in non-Coal Sectors,Poverty and Equity,Human Development,Economic Policy,Social Safety Nets,Tax policy,Fiscal Policy,Gender-Based Violence,Social Protection,Economic Inclusion,Human Capital to Advance Gender Equality,Gender
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Industry::Accommodation & Tourism Industry
okr.topic	Industry::Industrial and Consumer Services and Products
okr.topic	International Economics and Trade::Export Competitiveness
okr.unit	Prosperity-AFW-Econ Policy-1 (EAWM1)

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Cabo Verde Economic Update Spring 2025: Unlocking Women’s Economic Potential