Markets Actual Q3 Q4 Q1 Q2 2020
Currency 98.89 100 101 101 102 103
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 5.20 4.8 5 4.7 4.9 6
Unemployment Rate (%) 12.20 12.5 12.5 13.8 13.8 13.8
Inflation Rate (%) 1.10 1.6 2.2 2 1.8 2.1
Interest Rate (%) 5.50 5.25 5.25 5.25 5.25 5.25
Balance of Trade (CVE Million) -6274.90 -5751 -5734 -5734 -6325 -5714
Current Account to GDP (%) -4.50 -5.3 -5.3 -4.7 -4.7 -4.7
Government Debt to GDP (%) 123.40 124 124 126 126 126
Government Budget (% of GDP) -2.60 -2.4 -2.4 -2.7 -2.7 -2.7
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 5.20 4.8 5 4.7 4.9 6
GDP (USD Billion) 1.99 1.9 1.9 2.1 2.1 2.1
GDP per capita (USD) 2738.31 2820 2777 2777 2820 2820
GDP per capita PPP (USD) 6662.00 6700 6700 6850 6850 6850
GDP From Agriculture (CVE Million) 2159.90 1814 1749 2261 2266 1854
GDP From Construction (CVE Million) 3479.00 3681 3504 3643 3649 3714
GDP From Manufacturing (CVE Million) 2547.40 2316 2643 2667 2672 2802
GDP From Mining (CVE Million) 72.90 78.5 74.45 76.33 76.47 78.91
GDP From Public Administration (CVE Million) 6621.80 6523 7054 6933 6946 7478
GDP From Services (CVE Million) 4288.10 4578 4781 4490 4498 5068
GDP From Transport (CVE Million) 3351.40 3236 3941 3509 3516 4178
GDP From Utilities (CVE Million) 1312.30 1473 1467 1374 1377 1555
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 12.20 12.5 12.5 13.8 13.8 13.8
Minimum Wages (CVE/Month) 13000.00 13000 13000 15000 15000 15000
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.10 1.6 2.2 2 1.8 2.1
Food Inflation (%) 2.20 0.6 1.3 1.7 1.7 2.3
Consumer Price Index CPI (Index Points) 101.52 102 103 102 103 105
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 5.50 5.25 5.25 5.25 5.25 5.25
Deposit Interest Rate (%) 1.90 1.65 1.65 1.65 1.65 1.65
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (CVE Million) -6274.90 -5751 -5734 -5734 -6325 -5714
Current Account to GDP (%) -4.50 -5.3 -5.3 -4.7 -4.7 -4.7
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 123.40 124 124 126 126 126
Government Budget (% of GDP) -2.60 -2.4 -2.4 -2.7 -2.7 -2.7
Government Spending (CVE Million) 7737.48 6876 7725 8101 8117 8188
Taxes Actual Q3 Q4 Q1 Q2 2020
Sales Tax Rate (%) 15.00 15 15 15 15 15
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Spending (CVE Million) 24385.41 26387 29540 25532 25580 31312


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.