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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 12.20 13 13 13 12.5 13.8 percent
Inflation Rate 1.20 1.2 1.4 1.4 1.7 2.1 percent
Interest Rate 5.50 5.5 5.5 5.5 6 7 percent
Balance of Trade -5231.10 -6486 -6257 -6160 -6559 -5841 CVE Million
Government Debt to GDP 125.30 135 135 135 140 142 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 93.92
 91.43 93.05 94.72 96.4 103
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 4.70
percent		 3.5 3.9 3.4 3.9 3.12
GDP 1.62
USD Billion		 1.6 1.65 1.7 1.6 1.6
GDP per capita 2738.31
USD		 2751 2814 2761 2820 2824
GDP per capita PPP 6074.80
USD		 6037 6098 6159 6291 6322
Gdp From Agriculture 1798.56
CVE Million		 2660 2174 1860 3391 1993
Gdp From Construction 2980.10
CVE Million		 3184 3334 3081 2870 3301
Gdp From Manufacturing 3747.04
CVE Million		 3405 3011 3874 3401 4151
Gdp From Mining 125.74
CVE Million		 138 146 130 129 139
Gdp From Public Administration 8039.53
CVE Million		 7329 6918 8313 7160 8907
Gdp From Services 4755.17
CVE Million		 4199 4116 4917 4353 5268
Gdp From Transport 4355.44
CVE Million		 4200 3792 4504 4063 4825
Gdp From Utilities 1707.88
CVE Million		 1488 1570 1766 1188 1892
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 12.20
percent		 13 13 13 12.5 13.8
Population 0.54
Million		 0.54 0.54 0.54 0.54 0.56
Minimum Wages 13000.00
CVE/Month		 13000 13000 13000 14000 14000
Youth Unemployment Rate 32.40
percent		 30.34 29.83 29.31 30.35 30.28
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 1.20
percent		 1.2 1.4 1.4 1.7 2.1
Food Inflation 1.30
percent		 1.5 1 2.5 2.7 3.5
Inflation Rate Mom -0.10
percent		 -0.02 0 0 0 0
Consumer Price Index CPI 119.60
Index Points		 120 121 121 122 126
Core Inflation Rate 0.20
percent		 0.32 0.53 0.68 0.76 0.76
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 5.50
percent		 5.5 5.5 5.5 6 7
Money Supply M0 103669.60
CVE Million		 104342 104701 105032 105337 107472
Money Supply M2 178607.50
CVE Million		 163239 163233 163233 163233 163233
Foreign Exchange Reserves 57221.00
CVE Million		 56464 55735 55511 55850 55812
Deposit Interest Rate 2.50
percent		 3.06 2.89 2.73 2.81 3.38
Money Supply M1 74937.90
CVE Million		 67212 67210 67210 67210 67210
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -5231.10
CVE Million		 -6486 -6257 -6160 -6559 -5841
Exports 524.30
CVE Million		 455 455 455 455 455
Imports 5755.40
CVE Million		 6941 6712 6918 7015 6296
Current Account -2495.06
CVE Million		 -4541 -4541 -4541 -4541 -4541
Current Account to GDP -7.10
percent		 -8 -8 -8 -7.6 -5
Remittances 1752.00
CVE Million		 1568 1566 1567 1567 1567
Tourist Arrivals 204478.00
 170400 171200 175500 177600 174800
Foreign Direct Investment 3441.80
CVE Million		 3021 2937 2741 2784 2944
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 125.30
percent		 135 135 135 140 142
Government Budget -3.10
percent of GDP		 -3.22 -3.1 -2.98 -3.27 -4.22
Military Expenditure 9.13
USD Million		 8.88 9.05 9.23 9.19 9.05
Government Spending 9382.78
CVE Million		 7576 8018 9702 8334 10395
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 10.00
Index Points		 11 10.97 10.97 10.97 10.97
Internet Speed 3847.67
KBps		 3118 3257 3074 3174 3047
IP Addresses 14030.00
IP		 15471 15676 15830 15984 17784
Ease of Doing Business 127.00
 127 127 127 127 127
Corruption Index 55.00
Points		 55 55 55 55 55
Corruption Rank 48.00
 47 50 53 51 46
Competitiveness Index 3.76
Points		 3.76 3.76 3.76 3.76 3.76
Competitiveness Rank 110.00
 111 111 111 111 113
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 12.00
Index Points		 9.99 8.45 9.51 8.78 9.08
Private Sector Credit 102991.80
CVE Million		 104558 105748 106897 108007 117973
Consumer Spending 31756.50
CVE Million		 30482 28189 32836 29294 35181
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Sales Tax Rate 15.00
percent		 15 15 15 15 15
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 20.45
mm		 15.21 74.61 32.01 10.63 33.85
Temperature 23.05
celsius		 23.47 26.37 24.98 22.09 24.76