Unemployment Rate in Cape Verde increased to 12.30 percent in 2020 from 11.30 percent in 2019. source: INE, Cape Verde

Unemployment Rate in Cape Verde averaged 14.32 percent from 1990 until 2020, reaching an all time high of 21.40 percent in 2005 and a record low of 10.70 percent in 2010. This page provides - Cape Verde Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cape Verde Unemployment Rate - values, historical data and charts - was last updated on July of 2021.

Unemployment Rate in Cape Verde is expected to reach 11.80 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Unemployment Rate is projected to trend around 12.00 percent in 2022 and 11.60 percent in 2023, according to our econometric models.

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Cape Verde Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.30 11.30 21.40 10.70 1990 - 2020 percent Yearly

Cape Verde Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.30 11.30 21.40 10.70 percent [+]
Population 0.56 0.55 0.56 0.20 Million [+]
Unemployed Persons 31724.00 26259.00 37915.00 21168.00 Thousand [+]
Youth Unemployment Rate 28.37 28.01 41.00 21.30 percent [+]
Labor Force Participation Rate 57.04 60.38 63.70 57.04 percent [+]
Minimum Wages 15000.00 13000.00 15000.00 11000.00 CVE/Month [+]
Employed Persons 186627.00 206344.00 209725.00 177297.00 Thousand [+]
Employment Rate 45.30 50.90 54.20 45.30 percent [+]


Cape Verde Unemployment Rate
In Cape Verde, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.