Cape Verde recorded a Current Account deficit of 7.10 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Cape Verde averaged -7.78 percent from 1980 until 2017, 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 -8.00 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 -5.00 percent in 2020, according to our econometric models.

Cape Verde Current Account to GDP
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Cape Verde Trade Last Previous Highest Lowest Unit
Balance of Trade -6062.40 -5760.50 -1864.74 -27692.99 CVE Million [+]
Exports 376.20 702.30 4909.34 37.30 CVE Million [+]
Imports 6438.60 6462.80 32602.32 2004.13 CVE Million [+]
Current Account -4544.29 2105.40 2105.40 -11803.10 CVE Million [+]
Current Account to GDP -7.10 -2.70 3.04 -16.20 percent [+]
Remittances 1316.50 1766.80 2161.00 720.30 CVE Million [+]
Tourist Arrivals 170166.00 168171.00 312880.00 71246.00 [+]
Foreign Direct Investment 3208.40 1991.60 5979.90 -488.40 CVE Million [+]
Capital Flows 1252.60 -4325.00 2519.10 -9432.47 CVE Millions [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-7.10 -2.70 3.04 -16.20 1980 - 2017 percent Yearly




Country Last Previous
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17


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