Markets Actual Q3 Q4 Q1 Q2 2020
Currency 98.23 97.29 97.78 98.27 98.77 99.75
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 7.60 4.8 4.6 3.9 4.1 4.7
Unemployment Rate (%) 12.20 12.5 12.5 13.8 13.8 13.8
Inflation Rate (%) 1.50 1.6 2 1.8 1.6 2.1
Interest Rate (%) 5.50 5.5 5.5 5.5 6 6
Balance of Trade (CVE Million) -5974.90 -5751 -5734 -5734 -6325 -5714
Current Account to GDP (%) -4.50 -5.3 -5.3 -4.7 -4.7 -4.7
Government Debt to GDP (%) 123.40 124 124 126 126 126
Government Budget (% of GDP) -2.60 -2.4 -2.4 -2.7 -2.7 -2.7
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 7.60 4.8 4.6 3.9 4.1 4.7
GDP (USD Billion) 1.99 1.9 1.9 2.1 2.1 2.1
GDP per capita (USD) 2738.31 2820 2777 2777 2820 2820
GDP per capita PPP (USD) 6662.00 6700 6700 6850 6850 6850
GDP From Agriculture (CVE Million) 1502.50 1628 1572 1561 1564 1645
GDP From Construction (CVE Million) 2783.50 3086 2912 2892 2898 3048
GDP From Manufacturing (CVE Million) 2660.90 2461 2783 2765 2770 2914
GDP From Mining (CVE Million) 78.70 87.4 82.32 81.77 81.93 86.19
GDP From Public Administration (CVE Million) 6534.50 6396 6835 6789 6802 7156
GDP From Services (CVE Million) 4501.00 4524 4708 4677 4686 4929
GDP From Transport (CVE Million) 3686.20 3162 3856 3830 3837 4037
GDP From Utilities (CVE Million) 1745.30 1819 1826 1813 1817 1911
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 12.20 12.5 12.5 13.8 13.8 13.8
Minimum Wages (CVE/Month) 13000.00 13000 13000 15000 15000 15000
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.50 1.6 2 1.8 1.6 2.1
Food Inflation (%) 2.50 0.6 1.3 1.7 1.7 2.3
Consumer Price Index CPI (Index Points) 101.60 102 102 102 102 105
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 5.50 5.5 5.5 5.5 6 6
Deposit Interest Rate (%) 1.90 2.5 2.5 2.5 3 3
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (CVE Million) -5974.90 -5751 -5734 -5734 -6325 -5714
Current Account to GDP (%) -4.50 -5.3 -5.3 -4.7 -4.7 -4.7
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 123.40 124 124 126 126 126
Government Budget (% of GDP) -2.60 -2.4 -2.4 -2.7 -2.7 -2.7
Government Spending (CVE Million) 6826.20 6390 7140 7092 7106 7476
Taxes Actual Q3 Q4 Q1 Q2 2020
Sales Tax Rate (%) 15.00 15 15 15 15 15
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Spending (CVE Million) 29097.50 27306 30436 30232 30290 31866


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.