Unemployment Rate in Cape Verde remained unchanged at 12.20 percent in 2018 from 12.20 percent in 2017. Unemployment Rate in Cape Verde averaged 14.66 percent from 1990 until 2018, reaching an all time high of 21.40 percent in 2005 and a record low of 10.70 percent in 2010.

Unemployment Rate in Cape Verde is expected to be 11.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Unemployment Rate is projected to trend around 9.80 percent in 2020, according to our econometric models.

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Cape Verde Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.20 12.20 21.40 10.70 1990 - 2018 percent Yearly


Cape Verde Unemployment Rate
In Cape Verde, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

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 [+]