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 December of 2021.

Unemployment Rate in Cape Verde is expected to reach 14.00 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 13.00 percent in 2022 and 12.00 percent in 2023, according to our econometric models.

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Cape Verde Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 14.50 11.30 percent Dec/20
Youth Unemployment Rate 28.37 28.01 percent Dec/20
Employment Rate 45.30 50.90 percent Dec/20
Employed Persons 186627.00 206344.00 Thousand Dec/20
Unemployed Persons 31724.00 26259.00 Thousand Dec/20
Labor Force Participation Rate 57.04 60.38 percent Dec/20
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.