Economy of Cape Verde. Statistics, Data and Indicators
Cape Verde
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 41 | Corruption rank#43 |
| 137 | Ease of doing business#117 |
Cape Verde Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 1.7 USD Billion | 2020 |
| GDP Annual Growth Rate | 9 % | 3Q/21 |
| GDP per capita | 2935 USD | 2020 |
| Inflation Rate YoY | 4.8 % | Nov/21 |
| Interest Rate | 0.25 % | Dec/21 |
| Unemployment Rate | 14.5 % | 2020 |
| Balance of Trade | -4712 CVE Million | -0.048 B USD | Aug/21 |
| Current Account | -7479 CVE Million | -0.077 B USD | 2Q/21 |
| Foreign Exchange Reserves | 58824 CVE Million | 0.603 B USD | Aug/21 |
GDP
1.7
B USD
#167 from 174 countries
GDP per capita
3294
USD
#117 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 1.7 USD Billion | 2020 |
| GDP Annual Growth Rate | -11 % | 1Q/21 |
| GDP per capita | 3294 USD | 2020 |
| GDP Constant Prices | 38355 CVE Million | 0.413 B USD | 1Q/21 |
| GDP per capita PPP | 6045 USD | 2020 |
| GDP From Agriculture | 2565 CVE Million | 0.028 B USD | 1Q/21 |
| GDP From Construction | 4336 CVE Million | 0.047 B USD | 1Q/21 |
| GDP From Manufacturing | 2732 CVE Million | 0.029 B USD | 1Q/21 |
| GDP From Mining | 87 CVE Million | 0.001 B USD | 1Q/21 |
| GDP From Public Administration | 7808 CVE Million | 0.084 B USD | 1Q/21 |
| GDP From Services | 4934 CVE Million | 0.053 B USD | 1Q/21 |
| GDP From Transport | 2623 CVE Million | 0.028 B USD | 1Q/21 |
| GDP From Utilities | 1270 CVE Million | 0.014 B USD | 1Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 156 % | 2020 |
| Government Spending | 8172 CVE Million | 0.088 B USD | 1Q/21 |
| Government Revenues | 8493 CVE Million | 0.091 B USD | 1Q/21 |
| Government Budget to GDP | -8.9 % | 2020 |
| Military Expenditure | 11 USD Million | 0.011 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 103 Index Points | May/21 |
| Food Inflation | -0.9 % | May/21 |
| Inflation Rate YoY | 1.5 % | Jun/21 |
| Inflation Rate Mom | 0.5 % | May/21 |
| Core Consumer Prices | 103 Index Points | May/21 |
| Core Inflation Rate | 1.8 % | May/21 |
| CPI Housing Utilities | 101 Index Points | May/21 |
| CPI Transportation | 105 Index Points | May/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -15.6 % | 2020 |
| Balance of Trade | -4352 CVE Million | -0.047 B USD | May/21 |
| Capital Flows | -3441 CVE Million | -37008.117 B USD | 1Q/21 |
| Current Account | -6674 CVE Million | -0.072 B USD | 1Q/21 |
| Exports | 5233 CVE Million | 0.056 B USD | Apr/21 |
| Foreign Exchange Reserves | 58890 CVE Million | 0.633 B USD | Apr/21 |
| Imports | 5428 CVE Million | 0.058 B USD | Apr/21 |
| Tourist Arrivals | 12.1 Persons | 0 Million Persons | 1Q/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 0.25 % | Jun/21 |
| Money Supply M0 | 108895 CVE Million | 1.171 B USD | Apr/21 |
| Money Supply M1 | 92426 CVE Million | 0.994 B USD | Apr/21 |
| Money Supply M2 | 201321 CVE Million | 2.165 B USD | Apr/21 |
| Deposit Interest Rate | 0.88 % | 2020 |
| Foreign Direct Investment | 1887 CVE Million | 0.02 B USD | 4Q/20 |
| Private Sector Credit | 117488 CVE Million | 1.264 B USD | Apr/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 15000 CVE/Month | 161.326 USD/Month | 2021 |
| Unemployment Rate | 12.3 % | 2020 |
| Youth Unemployment Rate | 28.37 % | 2020 |
| Employed Persons | 186627 Thousand Person | 186.627 Million Person | 2020 |
| Employment Rate | 45.3 % | 2020 |
| Labor Force Participation Rate | 57.04 % | 2020 |
| Unemployed Persons | 31724 Thousand Persons | 31.724 Million Persons | 2020 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Sales Tax Rate | 15 % | 2021 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | -11 Index Points | 1Q/21 |
| Corruption Index | 58 Index Points | 2020 |
| Corruption Rank | 41 place | 2020 |
| Ease of Doing Business | 137 place | 2019 |
| Competitiveness Index | 50.83 Index Points | 2019 |
| Competitiveness Rank | 112 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 14 Index Points | 1Q/21 |
| Consumer Spending | 21797 CVE Million | 0.234 B USD | 1Q/21 |
Gold Reserves
N/A
N/A
#N/A from N/A countries
Foreign Exchange Reserves
0.633
B USD
#105 from
114 countries
Government Budget Value
N/A
N/A
#N/A from N/A countries
Inflation Rate
1.5
%
#129 from
174 countries
Interest Rate
0.25
%
#56 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
12.3
%
#33 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
