Markets Actual Q3 Q4 Q1 Q2 2021
Currency 93.44 93.5 93.91 94.33 94.74 95.56

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 5.80 -5.3 -7 1.5 3.4 4.5
Unemployment Rate (%) 11.29 20 20 14.4 14.4 14.4
Inflation Rate (%) -0.20 1.5 1.2 1.4 1.6 1.7
Interest Rate (%) 1.00 1 1 1 1 1
Balance of Trade (CVE Million) -4352.50 -6415 -5830 -5830 -5830 -6660
Current Account (CVE Million) -84.10 -1780 -1780 -1780 -1780 -2714
Current Account to GDP (%) -0.20 -11 -11 -8 -8 -8
Government Debt to GDP (%) 124.00 140 140 145 145 145
Government Budget (% of GDP) -1.80 -10 -10 -8 -8 -8
Business Confidence (points) -8.00 -10 -8 -4 2 6
Consumer Confidence (points) 14.00 -8 -6 5 10 14

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 5.80 -5.3 -7 1.5 3.4 4.5
GDP (USD Billion) 1.98 1.6 1.6 1.8 1.8 1.8
GDP per capita (USD) 3907.70 2699 2699 2699 2699 2727
GDP per capita PPP (USD) 7171.80 6600 6600 6850 6850 6850
GDP From Agriculture (CVE Million) 1714.00 1588 1594 1740 1772 1666
GDP From Construction (CVE Million) 3902.00 3926 3629 3961 4035 3792
GDP From Manufacturing (CVE Million) 2401.00 2363 2233 2437 2483 2333
GDP From Mining (CVE Million) 80.00 80.8 74.4 81.2 82.72 77.75
GDP From Public Administration (CVE Million) 7365.00 6518 6849 7475 7615 7158
GDP From Services (CVE Million) 4717.00 4417 4387 4788 4877 4584
GDP From Transport (CVE Million) 3975.00 3805 3697 4035 4110 3863
GDP From Utilities (CVE Million) 1428.00 1422 1328 1449 1477 1388

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 11.29 20 20 14.4 14.4 14.4
Population (Million) 0.55 0.56 0.54 0.56 0.56 0.54
Labor Force Participation Rate (%) 57.40 60 60 60 60 62
Minimum Wages (CVE/Month) 13000.00 13000 13000 15000 15000 15000
Unemployed Persons (Thousand) 26259.00 28600 28600 28600 28600 29000
Youth Unemployment Rate (%) 24.90 32 32 32 32 29.7
Employed Persons (Thousand) 206344.00 198000 198000 198000 198000 197000
Employment Rate (%) 50.90 51.3 51.3 51.3 51.3 51

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -0.20 1.5 1.2 1.4 1.6 1.7
Food Inflation (%) 1.80 3 4 3.7 4.1 4.3
Inflation Rate Mom (%) 0.00 0.4 0.8 0.2 0.5 0.6
Consumer Price Index CPI (points) 101.37 102 104 104 103 105
Core Inflation Rate (%) 1.10 2 1.8 2.1 1.7 1.6

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 1.00 1 1 1 1 1
Foreign Exchange Reserves (CVE Million) 74526.00 60500 61970 61970 61970 62700
Deposit Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Banks Balance Sheet (CVE Million) 235661.19 240000 245000 248000 252000 250000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (CVE Million) -4352.50 -6415 -5830 -5830 -5830 -6660
Current Account (CVE Million) -84.10 -1780 -1780 -1780 -1780 -2714
Current Account to GDP (%) -0.20 -11 -11 -8 -8 -8
Imports (CVE Million) 4532.20 6900 6500 6500 6500 7400
Exports (CVE Million) 179.70 485 670 670 670 740
Remittances (CVE Million) 1301.70 1400 1400 1400 1400 1577
Tourist Arrivals 170778.00 158000 160000 163000 157000 170000
Foreign Direct Investment (CVE Million) 1617.50 1900 1500 1500 1500 1750

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 124.00 140 140 145 145 145
Government Budget (% of GDP) -1.80 -10 -10 -8 -8 -8
Government Spending (CVE Million) 7970.00 6857 7412 8090 8241 7746

Taxes Actual Q3 Q4 Q1 Q2 2021
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) -8.00 -10 -8 -4 2 6

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 14.00 -8 -6 5 10 14
Consumer Spending (CVE Million) 30374.00 26309 28248 30830 31407 29519


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.