Labor Force Participation Rate in Cape Verde increased to 57.40 percent in 2019 from 55.60 percent in 2018.

Labor Force Participation Rate in Cape Verde averaged 59.32 percent from 2011 until 2019, reaching an all time high of 63.70 percent in 2016 and a record low of 55.60 percent in 2018. This page provides - Cape Verde Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cape Verde Labor Force Participation Rate - values, historical data and charts - was last updated on August of 2020.

Labor Force Participation Rate in Cape Verde is expected to reach 60.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Labor Force Participation Rate is projected to trend around 62.00 percent in 2021, according to our econometric models.

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Cape Verde Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
57.40 55.60 63.70 55.60 2011 - 2019 percent Yearly
NSA

Cape Verde Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.29 12.20 21.40 10.70 percent [+]
Population 0.55 0.54 0.55 0.20 Million [+]
Labor Force Participation Rate 57.40 55.60 63.70 55.60 percent [+]
Minimum Wages 13000.00 13000.00 13000.00 11000.00 CVE/Month [+]
Unemployed Persons 26259.00 27028.00 37915.00 21168.00 Thousand [+]
Youth Unemployment Rate 24.90 27.80 41.00 21.30 percent [+]
Employed Persons 206344.00 195000.00 209725.00 177297.00 Thousand [+]
Employment Rate 50.90 48.80 54.20 48.80 percent [+]