Unemployment Rate in Cape Verde decreased to 11.90 percent in 2024 from 12 percent in 2023. Unemployment Rate in Cape Verde averaged 12.78 percent from 1990 until 2024, reaching an all time high of 20.20 percent in 1990 and a record low of 10.70 percent in 2010. source: INE, Cape Verde
Unemployment Rate in Cape Verde is expected to reach 11.70 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Unemployment Rate is projected to trend around 11.50 percent in 2026 and 11.20 percent in 2027, according to our econometric models.