Cape Verde recorded a Current Account deficit of 4.50 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Cape Verde averaged -7.71 percent from 1980 until 2018, reaching an all time high of 3.04 percent in 1980 and a record low of -16.20 percent in 2011.

Current Account to GDP in Cape Verde is expected to be -6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Current Account to GDP is projected to trend around -5.70 percent in 2020, according to our econometric models.


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Cape Verde Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.50 -6.40 3.04 -16.20 1980 - 2018 percent Yearly


Cape Verde Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

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 [+]