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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 98.77 105 106 109 108 124 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 4.60 3.9 3.8 3.7 3.5 3.12 percent [+]
GDP 1.60 1.68 1.61 1.54 1.55 1.46 USD Billion [+]
GDP per capita 2738.31 2751 2754 2757 2763 2819 USD [+]
GDP per capita PPP 6157.90 6162 6156 6150 6150 6161 USD [+]
GDP per capita 3500.20 3504 3499 3493 3493 3496 USD [+]
GDP Growth Rate 4.50 3.51 1.66 3.93 3.02 2.9 percent [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 15.00 14.9 15.24 15.92 16.07 13.8 percent [+]
Population 0.52 0.51 0.52 0.52 0.52 0.55 Million [+]
Youth Unemployment Rate 28.60 30.52 29.53 28.54 28.53 28.48 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.30 0.7 1 1.3 1.6 2.1 percent [+]
Food Inflation -1.00 -1.04 -1.02 -1.05 -1.04 -1.05 percent [+]
Consumer Price Index CPI 118.20 118 118 118 118 118 Index Points [+]
Core Inflation Rate 0.70 0.9 1.11 1.28 1.4 1.73 percent [+]
Inflation Rate Mom -0.30 -0.1 -0.02 -0.02 -0.02 -0.02 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 7.50 7.5 7.5 7.25 7.25 7 percent [+]
Money Supply M0 103993.20 106578 107822 109024 110209 121764 CVE Million [+]
Money Supply M2 167509.60 156625 156609 156610 156610 156610 CVE Million [+]
Foreign Exchange Reserves 59692.30 61160 61222 61240 61243 61244 CVE Million [+]
Loans to Private Sector 50795.30 53707 54083 54447 54800 58011 CVE Million [+]
Deposit Interest Rate 2.90 3.24 3.09 2.94 3.03 3.14 percent [+]
Money Supply M1 63516.40 67653 67656 67656 67656 67656 CVE Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -6589.70 -7121 -7377 -7525 -7611 -7732 CVE Million [+]
Exports 199.40 -46.81 -152 -214 -252 -306 CVE Million [+]
Imports 6789.10 7212 7406 7519 7586 7681 CVE Million [+]
Current Account -1269.81 -1356 -1925 -1801 -1664 -1756 CVE Million [+]
Current Account to GDP -3.80 -5.19 -4.49 -3.78 -4.27 -4.97 percent [+]
Remittances 1672.00 1661 1662 1662 1662 1662 CVE Million [+]
Tourist Arrivals 182794.00 175750 171040 181413 186243 181394 [+]
Foreign Direct Investment 2658.20 3537 2248 2865 2798 3121 CVE Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 123.00 126 127 128 129 136 percent [+]
Government Budget -3.80 -4.03 -3.5 -2.97 -3.07 -3.1 percent of GDP [+]
Military Expenditure 10.10 10.38 10.36 10.29 10.19 10.03 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 5.00 2.48 -0.1 -1.29 -0.68 0.78 [+]
Ease of Doing Business 129.00 131 132 134 134 135 [+]
Corruption Index 59.00 57 58 60 60 60 Points [+]
Corruption Rank 38.00 38 38 38 38 37 [+]
Competitiveness Index 3.76 3.75 3.75 3.75 3.93 4.04 Points [+]
Competitiveness Rank 110.00 110 110 110 110 120 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 10.00 10.48 9.68 8.74 8.33 8.97 [+]
Private Sector Credit 97568.10 99868 100949 101988 102989 111829 CVE Million [+]
Consumer Credit 50936.60 53037 53129 53196 53244 53362 CVE Million [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]