Cape Verde recorded a Current Account deficit of 2033.35 CVE Million in the second quarter of 2019.

Current Account in Cape Verde averaged -3716.03 CVE Million from 1994 until 2019, reaching an all time high of 3012.11 CVE Million in the first quarter of 2019 and a record low of -11803.10 CVE Million in the fourth quarter of 2004. This page provides the latest reported value for - Cape Verde Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Current Account in Cape Verde is expected to be -2338.45 CVE Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Cape Verde to stand at -2658.51 in 12 months time. In the long-term, the Cape Verde Current Account is projected to trend around -2695.23 CVE Million in 2020, according to our econometric models.


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Cape Verde Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-2033.35 3012.11 3012.11 -11803.10 1994 - 2019 CVE Million Quarterly

Cape Verde Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Cape Verde Trade Last Previous Highest Lowest Unit
Balance of Trade -5345.60 -6335.00 -1864.74 -27692.99 CVE Million [+]
Current Account -2033.35 3012.11 3012.11 -11803.10 CVE Million [+]
Current Account to GDP -4.50 -6.40 3.04 -16.20 percent [+]
Imports 5887.20 6879.00 32602.32 2004.13 CVE Million [+]
Exports 541.60 544.00 4909.34 37.30 CVE Million [+]
Remittances 1726.20 1570.50 2034.16 523.08 CVE Million [+]
Tourist Arrivals 181664.00 179874.00 312880.00 71246.00 [+]
Foreign Direct Investment 1076.10 3141.30 8369.50 -488.40 CVE Million [+]
Capital Flows -2380.67 2215.88 2517.80 -9432.47 CVE Millions [+]