Remittances in Cape Verde increased to 1726.20 CVE Million in July from 1570.50 CVE Million in June of 2019. Remittances in Cape Verde averaged 1088.17 CVE Million from 2002 until 2019, reaching an all time high of 2034.16 CVE Million in August of 2016 and a record low of 523.08 CVE Million in February of 2002.

Remittances in Cape Verde is expected to be 1960.00 CVE Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Cape Verde to stand at 1400.00 in 12 months time. In the long-term, the Cape Verde Remittances is projected to trend around 1576.81 CVE Million in 2020, according to our econometric models.

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Cape Verde Remittances

Actual Previous Highest Lowest Dates Unit Frequency
1726.20 1570.50 2034.16 523.08 2002 - 2019 CVE Million Monthly


Cape Verde Remittances
In Cape Verde, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances).

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 [+]