Cape Verde recorded a Current Account deficit of 4.50 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Cape Verde averaged -7.71 percent from 1980 until 2018, reaching an all time high of 3.04 percent in 1980 and a record low of -16.20 percent in 2011.

Current Account to GDP in Cape Verde is expected to be -5.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Current Account to GDP is projected to trend around -4.50 percent in 2020, according to our econometric models.

Cape Verde Current Account to GDP
Forecast Data Chart
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Cape Verde Trade Last Previous Highest Lowest Unit
Balance of Trade -6309.50 -6274.90 -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 6966.00 6881.00 32602.32 2004.13 CVE Million [+]
Exports 656.50 606.10 4909.34 37.30 CVE Million [+]
Remittances 1570.50 1415.86 2034.16 523.08 CVE Million [+]
Tourist Arrivals 179874.00 233721.00 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 [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4.50 -6.40 3.04 -16.20 1980 - 2018 percent Yearly

Country Last Previous
Singapore 17.70 Dec/18
Netherlands 10.80 Dec/18
Switzerland 10.20 Dec/18
Saudi Arabia 9.20 Dec/18
Germany 7.30 Dec/18
Russia 7.00 Dec/18
South Korea 4.70 Dec/18
Japan 3.50 Dec/18
Euro Area 2.90 Dec/18
Italy 2.50 Dec/18
Spain 0.90 Dec/18
China 0.40 Dec/18
France -0.30 Dec/18
Brazil -0.77 Dec/18
Australia -1.50 Dec/18
Mexico -1.80 May/19
India -2.30 Dec/18
United States -2.40 Dec/18
Canada -2.60 Dec/18
Indonesia -3.00 Dec/18
Turkey -3.50 Dec/18
South Africa -3.60 Dec/18
United Kingdom -3.90 Dec/18
Argentina -5.40 Dec/18