Markets Actual Q2 Q3 Q4 Q1 2020
Currency 98.28 98.74 99.29 99.85 100 102
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 7.60 4.2 4.6 5 3.8 5.2
Unemployment Rate (%) 12.20 12.5 13.4 12.5 13.8 13.8
Inflation Rate (%) 1.10 1.4 1.6 2 1.8 2.1
Interest Rate (%) 5.50 5.5 5.5 5.5 6 6
Balance of Trade (CVE Million) -5049.60 -5384 -5840 -5680 -6325 -6900
Current Account to GDP (%) -4.50 -5.3 -5.3 -5.3 -4.7 -4.7
Government Debt to GDP (%) 123.40 124 124 124 126 126
Government Budget (% of GDP) -2.60 -2.4 -2.4 -2.4 -2.7 -2.7
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 7.60 4.2 4.6 5 3.8 5.2
GDP (USD Billion) 1.75 1.9 1.9 1.9 2 2
GDP per capita (USD) 2738.31 2820 2777 2777 2820 2820
GDP per capita PPP (USD) 6222.55 6500 6500 6500 6700 6700
GDP From Agriculture (CVE Million) 1502.50 2369 1625 1621 1613 1689
GDP From Construction (CVE Million) 2783.50 3268 3081 3072 3057 3201
GDP From Manufacturing (CVE Million) 2660.90 2518 2456 2449 2438 2552
GDP From Mining (CVE Million) 78.70 92.84 87.24 86.99 86.57 90.64
GDP From Public Administration (CVE Million) 6534.50 6738 6384 6366 6335 6633
GDP From Services (CVE Million) 4501.00 4150 4515 4503 4481 4692
GDP From Transport (CVE Million) 3686.20 3427 3156 3147 3132 3279
GDP From Utilities (CVE Million) 1745.30 1658 1816 1811 1802 1887
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 12.20 12.5 13.4 12.5 13.8 13.8
Minimum Wages (CVE/Month) 13000.00 13000 13000 13000 15000 15000
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.10 1.4 1.6 2 1.8 2.1
Food Inflation (%) -0.70 1 0.6 1.3 1.7 2.3
Consumer Price Index CPI (Index Points) 100.50 102 102 102 102 105
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 5.50 5.5 5.5 5.5 6 6
Deposit Interest Rate (%) 2.50 2.5 2.5 2.5 3 3
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (CVE Million) -5049.60 -5384 -5840 -5680 -6325 -6900
Current Account to GDP (%) -4.50 -5.3 -5.3 -5.3 -4.7 -4.7
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 123.40 124 124 124 126 126
Government Budget (% of GDP) -2.60 -2.4 -2.4 -2.4 -2.7 -2.7
Government Spending (CVE Million) 6826.20 7322 6377 6359 6329 6626
Taxes Actual Q2 Q3 Q4 Q1 2020
Sales Tax Rate (%) 15.00 15 15 15 15 15
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Spending (CVE Million) 29097.50 27773 27254 27176 27046 28318


This page has economic forecasts for Cape Verde including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Cape Verde economy.