Markets Actual Q1 Q2 Q3 Q4 2020
Currency 96.83 96.99 97.55 98.12 98.69 99.83
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 5.00 4.4 4.2 4.6 4.3 3.12
Unemployment Rate (%) 12.20 12.5 12.5 13.4 12.5 13.8
Inflation Rate (%) 1.70 1.6 1.6 1.6 2 2.1
Interest Rate (%) 5.50 6 6 6 6 7
Balance of Trade (CVE Million) -6062.40 -5833 -5781 -5751 -5734 -5714
Current Account to GDP (%) -7.10 -7.6 -7.6 -7.6 -7.6 -5
Government Debt to GDP (%) 125.30 140 140 140 140 142
Government Budget (% of GDP) -3.10 -3.1 -3.1 -3.1 -3.1 -3.1
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 5.00 4.4 4.2 4.6 4.3 3.12
GDP (USD Billion) 1.75 1.9 1.9 1.9 1.9 2
GDP per capita (USD) 2738.31 2820 2820 2777 2777 2820
GDP per capita PPP (USD) 6222.55 6500 6500 6500 6500 6700
GDP From Agriculture (CVE Million) 1553.90 1974 2321 1590 1621 1671
GDP From Construction (CVE Million) 2945.10 2882 3268 3081 3072 3168
GDP From Manufacturing (CVE Million) 2348.30 2742 2467 2402 2449 2526
GDP From Mining (CVE Million) 83.40 82.27 92.84 87.24 86.99 89.7
GDP From Public Administration (CVE Million) 6103.40 5908 6738 6384 6366 6564
GDP From Services (CVE Million) 4316.90 4098 4067 4416 4503 4643
GDP From Transport (CVE Million) 3016.90 3446 3358 3086 3147 3245
GDP From Utilities (CVE Million) 1735.90 1537 1624 1776 1811 1867
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 12.20 12.5 12.5 13.4 12.5 13.8
Minimum Wages (CVE/Month) 13000.00 14000 13000 13500 13000 14000
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.70 1.6 1.6 1.6 2 2.1
Food Inflation (%) 1.20 1.7 2 2.3 2.6 3.5
Consumer Price Index CPI (Index Points) 120.70 122 122 123 124 126
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 5.50 6 6 6 6 7
Deposit Interest Rate (%) 2.50 3 3 3 3 3
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (CVE Million) -6062.40 -5833 -5781 -5751 -5734 -5714
Current Account to GDP (%) -7.10 -7.6 -7.6 -7.6 -7.6 -5
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 125.30 140 140 140 140 142
Government Budget (% of GDP) -3.10 -3.1 -3.1 -3.1 -3.1 -3.1
Government Spending (CVE Million) 6096.90 6169 7322 6377 6359 6557
Taxes Actual Q1 Q2 Q3 Q4 2020
Sales Tax Rate (%) 15.00 15 15 15 15 15
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (CVE Million) 26055.79 24584 27214 26655 27176 28024


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.