Markets Actual Q4 Q1 Q2 Q3 2022
Currency 97.32 97.87 98.34 98.81 99.28 100

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 30.80 6.6 4.7 5.3 5.7 6
Unemployment Rate (%) 14.50 14 13 13 13 13
Inflation Rate (%) 3.80 3.8 3.2 2.7 2.4 2
Interest Rate (%) 0.25 0.25 0.25 1.5 1.5 1.5
Balance of Trade (CVE Million) -4712.30 -5712 -6660 -6660 -6660 -6660
Current Account (CVE Million) -7479.00 -1780 -1780 -1780 -1780 -2714
Current Account to GDP (% of GDP) -15.60 -10 -10 -7 -7 -7
Government Debt to GDP (% of GDP) 155.80 157 155 155 155 155
Government Budget (% of GDP) -8.90 -9.3 -7.6 -7.6 -7.6 -7.6
Business Confidence (points) 0.00 3 6 8 8 10
Consumer Confidence (points) 15.00 14 16 16 18 18

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 30.80 6.6 4.7 5.3 5.7 6
GDP (USD Billion) 1.70 1.8 1.8 1.8 1.8 1.9
GDP per capita (USD) 2935.32 3000 3200 3200 3200 3200
GDP per capita PPP (USD) 6045.06 6850 6850 6850 6850 7000
GDP From Agriculture (CVE Million) 2342.00 1753 2686 2466 2475 1298
GDP From Construction (CVE Million) 4508.00 3322 4540 4747 4765 5071
GDP From Manufacturing (CVE Million) 2282.00 2649 2860 2403 2412 2912
GDP From Mining (CVE Million) 90.00 94.08 91.09 94.77 95.13 102
GDP From Public Administration (CVE Million) 8244.00 6885 8175 8681 8714 9257
GDP From Services (CVE Million) 3733.00 4870 5166 3931 3946 4233
GDP From Transport (CVE Million) 2737.00 3403 2746 2882 2893 3342
GDP From Utilities (CVE Million) 1338.00 1958 1330 1409 1414 1471
GDP Growth Rate (%) -3.30 2.3 1.8 3 2.6 3

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 14.50 14 13 13 13 13
Population (Million) 0.56 0.54 0.54 0.54 0.54 0.54
Labor Force Participation Rate (%) 57.04 62 62 62 62 62
Minimum Wages (CVE/Month) 15000.00 15000 15000 15000 15000 15000
Unemployed Persons (Thousand) 31724.00 29000 29000 29000 29000 29000
Youth Unemployment Rate (%) 28.37 29.7 29.7 29.7 29.7 29.7
Employed Persons (Thousand) 186627.00 197000 197000 197000 197000 197000
Employment Rate (%) 45.30 51 51 51 51 51

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 3.80 3.8 3.2 2.7 2.4 2
Food Inflation (%) 3.30 2.8 2 1.8 1.6 1.4
Inflation Rate Mom (%) 1.00 0.7 0.3 0.5 0.3 0.4
Consumer Price Index CPI (points) 105.52 107 105 106 107 107
Core Inflation Rate (%) 2.50 1.7 1.4 1.2 1.2 1.3

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.25 0.25 0.25 1.5 1.5 1.5
Foreign Exchange Reserves (CVE Million) 58823.80 62700 62700 62700 62700 62700
Deposit Interest Rate (%) 0.88 3 0.88 0.88 2.13 2.13
Banks Balance Sheet (CVE Million) 244935.16 250000 250000 250000 250000 254000

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (CVE Million) -4712.30 -5712 -6660 -6660 -6660 -6660
Current Account (CVE Million) -7479.00 -1780 -1780 -1780 -1780 -2714
Current Account to GDP (% of GDP) -15.60 -10 -10 -7 -7 -7
Imports (CVE Million) 5098.70 7400 7400 7400 7400 7400
Exports (CVE Million) 386.40 740 740 740 740 740
Remittances (CVE Million) 2373.60 1400 1400 1400 1400 1577
Tourist Arrivals 21562.00 170000 170000 170000 170000 180000
Foreign Direct Investment (CVE Million) 3015.80 1750 1750 1750 1750 1750

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 155.80 157 155 155 155 155
Government Budget (% of GDP) -8.90 -9.3 -7.6 -7.6 -7.6 -7.6
Government Spending (CVE Million) 9126.00 6878 8556 9610 9646 9492

Taxes Actual Q4 Q1 Q2 Q3 2022
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) 0.00 3 6 8 8 10

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 15.00 14 16 16 18 18
Consumer Spending 24953.00 29394 22821 26276 26375 26589


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Cape Verde Forecast - was last updated on Wednesday, December 1, 2021.