Cape Verde recorded a Current Account deficit of 3.40 percent of the country's Gross Domestic Product in 2022. source: Banco de Cabo Verde

Current Account to GDP in Cape Verde averaged -7.77 percent of GDP from 1980 until 2022, reaching an all time high of 3.04 percent of GDP in 1980 and a record low of -16.20 percent of GDP in 2011. This page provides - Cape Verde Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cape Verde Current Account to GDP - values, historical data and charts - was last updated on June of 2023.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Cape Verde Current Account to GDP



Related Last Previous Unit Reference
Balance of Trade -7369.50 -8700.20 CVE Million Apr 2023
Current Account to GDP -3.40 -11.80 percent of GDP Dec 2022
Current Account 830.62 -2768.34 CVE Million Sep 2022
Exports 587.40 652.00 CVE Million Apr 2023
Imports 7956.90 9352.20 CVE Million Apr 2023
Remittances 3011.40 2315.20 CVE Million Dec 2022
Foreign Direct Investment 775.30 674.60 CVE Million Sep 2022
Capital Flows 814.29 -3856.97 CVE Millions Sep 2022

Cape Verde Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -11.80 3.04 -16.20 1980 - 2022 percent of GDP Yearly