Minimum Wages in Cape Verde remained unchanged at 13000 CVE/Month in 2019 from 13000 CVE/Month in 2018. Minimum Wages in Cape Verde averaged 11666.67 CVE/Month from 2014 until 2019, reaching an all time high of 13000 CVE/Month in 2018 and a record low of 11000 CVE/Month in 2015.

Minimum Wages in Cape Verde is expected to be 13000.00 CVE/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Minimum Wages in the Private Sector is projected to trend around 17000.00 CVE/Month in 2020, according to our econometric models.

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Cape Verde Minimum Wages in the Private Sector

Actual Previous Highest Lowest Dates Unit Frequency
13000.00 13000.00 13000.00 11000.00 2014 - 2019 CVE/Month Yearly
Cape Verde Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.20 12.20 21.40 10.70 percent [+]
Population 0.54 0.54 0.54 0.20 Million [+]
Labor Force Participation Rate 55.60 59.20 63.70 55.60 percent [+]
Minimum Wages 13000.00 13000.00 13000.00 11000.00 CVE/Month [+]
Unemployed Persons 27028.00 28424.00 37915.00 21168.00 Thousand [+]
Youth Unemployment Rate 27.80 32.40 41.00 21.30 percent [+]
Employed Persons 195000.00 203775.00 209725.00 177297.00 Thousand [+]
Employment Rate 48.80 51.90 54.20 48.80 percent [+]