Minimum Wages in Cape Verde increased to 15000 CVE/Month in 2021 from 13000 CVE/Month in 2020. source: Cabinet of Cape Verde

Minimum Wages in Cape Verde averaged 12250 CVE/Month from 2014 until 2021, reaching an all time high of 15000 CVE/Month in 2021 and a record low of 11000 CVE/Month in 2015. This page provides - Cape Verde Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cape Verde Minimum Wages in the Private Sector - values, historical data and charts - was last updated on September of 2021.

Minimum Wages in Cape Verde is expected to reach 15000.00 CVE/Month by the end of 2021, 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 15000.00 CVE/Month in 2022, according to our econometric models.

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Cape Verde Minimum Wages in the Private Sector

Actual Previous Highest Lowest Dates Unit Frequency
15000.00 13000.00 15000.00 11000.00 2014 - 2021 CVE/Month Yearly

Cape Verde Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.30 11.30 21.40 10.70 percent [+]
Population 0.56 0.55 0.56 0.20 Million [+]
Unemployed Persons 31724.00 26259.00 37915.00 21168.00 Thousand [+]
Youth Unemployment Rate 28.37 28.01 41.00 21.30 percent [+]
Labor Force Participation Rate 57.04 60.38 63.70 57.04 percent [+]
Minimum Wages 15000.00 13000.00 15000.00 11000.00 CVE/Month [+]
Employed Persons 186627.00 206344.00 209725.00 177297.00 Thousand [+]
Employment Rate 45.30 50.90 54.20 45.30 percent [+]