Cape Verde - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Cape Verde including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Cape Verde economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 12.20 13 13 12.5 12.5 13.8 percent
Inflation Rate 1.00 1.3 2 1.9 1.9 2.1 percent
Interest Rate 5.50 5.5 5.5 6 6 7 percent
Balance of Trade -7180.10 -6905 -7444 -7434 -7544 -7697 CVE Million
Government Debt to GDP 125.30 135 135 140 140 142 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 93.52
 95.03 95.6 96.19 96.77 99.15
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 3.40
percent		 4.3 4.1 3.3 3.5 3.12
GDP 1.75
USD Billion		 1.8 1.8 1.9 1.9 2
GDP per capita 2738.31
USD		 2814 2761 2820 2820 2824
GDP per capita PPP 6222.55
USD		 6350 6350 6500 6500 6700
Gdp Constant Prices 39138.80
CVE Million		 38911 39927 39385 39400 39706
Gdp From Agriculture 1931.50
CVE Million		 2089 1742 1995 2723 1859
Gdp From Construction 2760.60
CVE Million		 3102 2784 2852 2989 2971
Gdp From Manufacturing 2682.70
CVE Million		 2006 2623 2771 2285 2800
Gdp From Mining 78.80
CVE Million		 89.59 79.84 81.4 86.84 85.22
Gdp From Public Administration 5658.60
CVE Million		 6073 6080 5845 5835 6489
Gdp From Services 4009.80
CVE Million		 3996 4292 4142 3816 4581
Gdp From Transport 3371.80
CVE Million		 3195 3768 3483 3681 4022
Gdp From Utilities 1503.90
CVE Million		 1468 1714 1554 1458 1830
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 12.20
percent		 13 13 12.5 12.5 13.8
Population 0.55
Million		 0.55 0.55 0.55 0.55 0.57
Minimum Wages 13000.00
CVE/Month		 13000 13000 14000 13000 14000
Youth Unemployment Rate 32.40
percent		 33.08 33.64 32.93 32.23 30.4
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.00
percent		 1.3 2 1.9 1.9 2.1
Food Inflation -1.50
percent		 1 1.5 1.7 2 3.5
Inflation Rate Mom -0.30
percent		 0 -0.02 0 0 0
Consumer Price Index CPI 120.50
Index Points		 121 122 122 123 127
Core Consumer Prices 123.20
Index Points		 124 124 124 124 124
Core Inflation Rate 0.30
percent		 0.58 0.7 0.76 0.8 0.86
Cpi Housing Utilities 114.80
Index Points		 115 115 115 115 115
Cpi Transportation 115.40
Index Points		 115 115 115 115 115
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.50
percent		 5.5 5.5 6 6 7
Money Supply M0 101495.50
CVE Million		 101216 100982 100786 100622 99919
Money Supply M2 180066.90
CVE Million		 168455 168749 168733 168734 168734
Foreign Exchange Reserves 60476.40
CVE Million		 60693 60731 60733 60733 60733
Deposit Interest Rate 2.50
percent		 2.5 2.5 3 3 4
Money Supply M1 78143.60
CVE Million		 67682 67978 67963 67963 67963
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -7180.10
CVE Million		 -6905 -7444 -7434 -7544 -7697
Exports 735.90
CVE Million		 544 562 572 579 587
Imports 7916.00
CVE Million		 7449 7804 8006 8123 8284
Current Account -4544.29
CVE Million		 -859 -308 -662 -43.88 -321
Current Account to GDP -7.10
percent		 -8 -8 -7.6 -7.6 -5
Remittances 1216.50
CVE Million		 1370 1442 1408 1423 1418
Tourist Arrivals 168171.00
 165000 181900 189500 174900 177200
Foreign Direct Investment 3208.40
CVE Million		 3279 2931 3057 2824 2921
Capital Flows 1252.60
CVE Millions		 -799 -4171 -2307 -3542 -3792
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 125.30
percent		 135 135 140 140 142
Government Budget -3.10
percent of GDP		 -4.19 -4.46 -4.47 -4.47 -4.21
Military Expenditure 9.13
USD Million		 9.05 9 8.99 8.99 8.97
Government Revenues 11860.00
CVE Millions		 13285 14579 12477 12250 15134
Government Spending 5908.79
CVE Million		 6202 7451 6104 6000 7952
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 11.00
Index Points		 8.53 12.83 13.47 13.16 12.51
Internet Speed 3847.67
KBps		 3257 3074 3174 3060 3047
IP Addresses 14030.00
IP		 15676 15830 15984 16188 17784
Ease of Doing Business 127.00
 130 129 129 130 131
Competitiveness Index 3.76
Points		 3.78 3.78 3.68 3.64 3.6
Competitiveness Rank 110.00
 110 110 116 118 121
Corruption Index 55.00
Points		 55 55 54 54 54
Corruption Rank 48.00
 50 53 51 50 46
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 13.00
Index Points		 11.62 10.69 10.45 10.22 10.76
Private Sector Credit 102289.20
CVE Million		 102923 103710 104462 105190 111214
Consumer Spending 24055.16
CVE Million		 25147 29431 24849 27498 31412
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 15.00
percent		 15 15 15 15 15
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 20.45
mm		 74.61 32.01 10.63 29.62 33.85
Temperature 23.05
celsius		 26.37 24.98 22.09 24.77 24.76