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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 91.76 90.8 89.89 88.97 88.05 77.96 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 3.60 3.8 3.7 3.5 3.5 3.12 percent [+]
GDP 1.62 1.63 1.66 1.64 1.61 1.58 USD Billion [+]
GDP per capita 2738.31 2754 2757 2763 2769 2819 USD [+]
GDP per capita PPP 6074.80 6098 6159 6167 6175 6291 USD [+]
GDP Growth Rate 4.50 1.66 3.93 3.02 2.82 2.9 percent [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 15.00 15.24 15.92 16.07 16.22 13.8 percent [+]
Population 0.52 0.52 0.52 0.52 0.52 0.55 Million [+]
Youth Unemployment Rate 28.60 29.53 28.54 28.53 28.53 28.48 percent [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 1.60 0.6 0.9 0.8 1 2.1 percent [+]
Food Inflation 1.40 0.86 1.1 1.1 1.11 1.11 percent [+]
Inflation Rate Mom 0.70 -0.04 -0.03 -0.02 -0.02 -0.02 percent [+]
Consumer Price Index CPI 119.30 119 119 119 119 119 Index Points [+]
Core Inflation Rate 1.00 1.37 1.65 1.84 1.98 2.41 percent [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 3.50 7.5 7.25 7.25 7.25 7 percent [+]
Money Supply M0 102012.50 101196 100842 100528 100239 98278 CVE Million [+]
Money Supply M2 167855.20 123836 108311 98758 92729 82245 CVE Million [+]
Foreign Exchange Reserves 54549.60 54251 54202 54077 53954 52748 CVE Million [+]
Loans to Private Sector 50795.30 54083 54447 54800 55141 58011 CVE Million [+]
Deposit Interest Rate 2.63 3.04 3.1 3.1 3.11 2.97 percent [+]
Money Supply M1 65842.70 67227 67192 67196 67195 67195 CVE Million [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -4908.30 -5035 -5029 -5171 -5342 -6751 CVE Million [+]
Exports 520.30 575 657 721 773 1012 CVE Million [+]
Imports 5428.60 5550 5554 5721 5938 7814 CVE Million [+]
Current Account -1098.90 -1453 -1340 -1253 -1278 -1257 CVE Million [+]
Current Account to GDP -7.20 -8.8 -8.8 -8 -8 -5 percent [+]
Remittances 1542.00 1322 1308 1294 1268 1223 CVE Million [+]
Tourist Arrivals 153535.00 147945 153116 157177 157392 158062 [+]
Foreign Direct Investment 2029.50 2865 3242 2861 2996 2879 CVE Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 130.97 133 133 135 135 142 percent [+]
Government Budget -3.80 -3.5 -2.97 -3.07 -3.18 -3.1 percent of GDP [+]
Military Expenditure 10.10 9.44 9.68 9.63 9.59 9.39 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Business Confidence 7.00 9 6.97 6.54 6.1 6.27 [+]
Ease of Doing Business 129.00 132 134 134 135 135 [+]
Corruption Index 59.00 58 60 60 60 60 Points [+]
Corruption Rank 38.00 38 38 38 38 37 [+]
Competitiveness Index 3.76 3.75 3.75 3.89 3.93 4.04 Points [+]
Competitiveness Rank 110.00 110 110 110 110 120 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Consumer Confidence 9.00 9.35 9.68 9.99 10.27 12.28 [+]
Private Sector Credit 97565.90 98402 98663 98743 98734 97795 CVE Million [+]
Consumer Credit 50936.60 53129 53196 53244 53278 53362 CVE Million [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]