Cape Verde | Economic Forecasts | 2017-2020 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.


MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 93.52 93.36 92.41 91.47 90.53 80.16 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 3.10 3.7 3.5 3.5 4.4 3.12 percent [+]
GDP 1.62 1.6 1.57 1.55 1.52 1.4 USD Billion [+]
GDP per capita 2738.31 2757 2763 2769 2775 2819 USD [+]
GDP per capita PPP 6074.80 6120 6112 6104 6095 6032 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 15.00 15.9 16.05 16.2 16.35 13.8 percent [+]
Population 0.54 0.54 0.54 0.54 0.54 0.55 Million [+]
Youth Unemployment Rate 41.00 29.31 30.35 31.38 32.41 29.88 percent [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 0.70 0.9 1 1.2 1.4 2.1 percent [+]
Food Inflation -0.80 -0.56 0.15 0.58 0.96 2.44 percent [+]
Inflation Rate Mom -0.30 -0.17 -0.01 -0.01 -0.01 -0.01 percent [+]
Consumer Price Index CPI 119.10 119 119 119 119 117 Index Points [+]
Core Inflation Rate 0.60 0.36 0.23 0.35 0.54 0.77 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 5.50 5.5 5.5 5.5 5.5 7 percent [+]
Money Supply M0 102051.60 101875 101604 101328 101064 99285 CVE Million [+]
Money Supply M2 168766.00 125278 109879 100280 94158 83249 CVE Million [+]
Foreign Exchange Reserves 54380.50 54297 54173 54051 53929 52854 CVE Million [+]
Deposit Interest Rate 2.63 3.08 3.14 3.2 3.27 3.42 percent [+]
Money Supply M1 66714.40 67141 67134 67134 67134 67134 CVE Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -5937.70 -6303 -6561 -6728 -6849 -7494 CVE Million [+]
Exports 265.50 148 102 119 172 739 CVE Million [+]
Imports 6203.20 6565 6868 7101 7293 8374 CVE Million [+]
Current Account -6718.60 -4501 -4945 -4902 -4802 -4750 CVE Million [+]
Current Account to GDP -7.20 -8.8 -8 -8 -7.37 -5 percent [+]
Remittances 1691.00 1510 1407 1363 1334 1248 CVE Million [+]
Foreign Direct Investment 2029.50 3242 2861 2996 2861 2879 CVE Million [+]
Tourist Arrivals 153535.00 153100 157200 157400 156900 158100 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 130.97 133 135 135 125 142 percent [+]
Government Budget -3.80 -3.02 -3.15 -3.28 -3.4 -4.94 percent of GDP [+]
Military Expenditure 10.10 9.4 9.29 9.18 9.07 8.55 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 10.00 9.9 8.66 6.71 5.53 3.39 [+]
Internet Speed 3847.67 3654 3611 3571 3533 3251 KBps [+]
IP Addresses 14030.00 13916 13860 13806 13752 13293 IP [+]
Ease of Doing Business 127.00 132 130 130 129 131 [+]
Corruption Index 59.00 59 59 58 58 56 Points [+]
Corruption Rank 38.00 39 40 40 41 41 [+]
Competitiveness Index 3.76 3.73 3.73 3.73 3.73 3.71 Points [+]
Competitiveness Rank 110.00 111 111 111 111 112 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Confidence 8.00 8.36 8.71 9.03 9.33 11.35 [+]
Private Sector Credit 99745.40 101085 101506 101673 101709 100913 CVE Million [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]
CLIMATE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Precipitation 20.00 28.2 28.19 28.19 28.19 28.19 mm [+]
Temperature 23.00 22.31 21.67 22.7 23.13 22.32 celsius [+]