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.


MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 90.28
92.32 93.92 95.54 97.19 104
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 4.90
percent
3.5 3.5 4.9 3.4 3.12
GDP 1.62
USD Billion
1.52 1.55 1.57 1.6 1.4
GDP per capita 2738.31
USD
2738 2738 2738 2738 2516
GDP per capita PPP 6074.80
USD
5934 5996 6058 6120 6032
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 15.00
percent
13.87 14.55 15.22 15.9 13.8
Population 0.54
Million
0.53 0.54 0.54 0.54 0.55
Minimum Wages 13000.00
CVE/Month
13000 13000 13000 13000 14000
Youth Unemployment Rate 41.00
percent
30.85 30.34 29.83 29.31 29.88
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 0.80
percent
1 1.2 1.4 1.4 2.1
Food Inflation -0.40
percent
0.41 0.8 1.14 1.43 2.5
Inflation Rate Mom 0.00
percent
-0.01 -0.01 -0.01 -0.01 -0.01
Consumer Price Index CPI 119.10
Index Points
119 119 118 118 117
Core Inflation Rate 0.50
percent
0.29 0.4 0.56 0.7 0.78
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 5.50
percent
5.5 5.5 5.5 5.5 7
Money Supply M0 103434.20
CVE Million
103776 103538 103236 102934 100988
Money Supply M2 172868.40
CVE Million
127872 112094 102234 95880 84336
Foreign Exchange Reserves 54069.80
CVE Million
53851 53731 53610 53490 52540
Deposit Interest Rate 2.63
percent
3.07 3.07 3.08 3.08 3.42
Money Supply M1 69434.20
CVE Million
67130 67207 67200 67201 67201
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -6790.50
CVE Million
-6764 -7045 -7199 -7294 -7696
Exports 576.30
CVE Million
794 891 952 991 1070
Imports 7366.80
CVE Million
7644 8061 8298 8442 8902
Current Account -2364.60
CVE Million
-3894 -3776 -3910 -4090 -4556
Current Account to GDP -7.20
percent
-8 -8 -6.69 -8 -5
Remittances 1673.00
CVE Million
1468 1384 1351 1321 1249
Foreign Direct Investment 2427.90
CVE Million
3417 3021 2937 2741 2953
Tourist Arrivals 163599.00
0 0 0 0 0
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 130.97
percent
135 135 130 135 142
Government Budget -3.80
percent of GDP
-2.96 -2.98 -3 -3.02 -4.94
Military Expenditure 10.10
USD Million
8.81 9 9.2 9.4 8.55
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Business Confidence 10.00
Index Points
8.66 6.71 5.53 4.98 3.39
Internet Speed 3847.67
KBps
3611 3571 3533 3498 3251
IP Addresses 14030.00
IP
13860 13806 13752 13698 13293
Ease of Doing Business 127.00
131 130 130 129 131
Corruption Index 59.00
Points
56 57 58 59 56
Corruption Rank 38.00
39 39 39 39 41
Competitiveness Index 3.76
Points
3.73 3.73 3.73 3.73 3.71
Competitiveness Rank 110.00
111 111 111 111 112
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Confidence 8.00
Index Points
8.71 9.03 9.33 9.62 11.35
Private Sector Credit 101612.60
CVE Million
102835 103189 103325 103346 102639
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 20.00
mm
28.19 28.19 28.19 28.19 28.19
Temperature 23.00
celsius
21.67 22.7 23.13 22.26 22.32