Economy of Cape Verde. Statistics, Data and Indicators
Cape Verde
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 39 | 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 | 16.8 % | 1Q/22 |
| GDP per capita | 2935 USD | 2020 |
| Inflation Rate YoY | 7.8 % | May/22 |
| Interest Rate | 0.25 % | May/22 |
| Unemployment Rate | 14.5 % | 2021 |
| Balance of Trade | -6464 CVE Million | -0.06 B USD | Feb/22 |
| Current Account | -1929 CVE Million | -0.018 B USD | 4Q/21 |
| Foreign Exchange Reserves | 68676 CVE Million | 0.641 B USD | Dec/21 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 1.7 USD Billion | 2020 |
| GDP Annual Growth Rate | 16.8 % | 1Q/22 |
| GDP per capita | 2935 USD | 2020 |
| GDP Constant Prices | 42752 CVE Million | 0.399 B USD | 1Q/22 |
| GDP per capita PPP | 6045 USD | 2020 |
| GDP From Agriculture | 2149 CVE Million | 0.02 B USD | 1Q/22 |
| GDP From Construction | 4004 CVE Million | 0.037 B USD | 1Q/22 |
| GDP From Manufacturing | 3345 CVE Million | 0.031 B USD | 1Q/22 |
| GDP From Mining | 78 CVE Million | 0.001 B USD | 1Q/22 |
| GDP From Public Administration | 8410 CVE Million | 0.079 B USD | 1Q/22 |
| GDP From Services | 4405 CVE Million | 0.041 B USD | 1Q/22 |
| GDP From Transport | 3055 CVE Million | 0.029 B USD | 1Q/22 |
| GDP From Utilities | 1428 CVE Million | 0.013 B USD | 1Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 157 % | 2021 |
| Government Spending | 8370 CVE Million | 0.078 B USD | 1Q/22 |
| Government Revenues | 15844 CVE Million | 0.148 B USD | 4Q/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) | 111 Index Points | May/22 |
| Food Inflation | 15.2 % | May/22 |
| Inflation Rate YoY | 7.8 % | May/22 |
| Inflation Rate Mom | 0.7 % | May/22 |
| Core Consumer Prices | 109 Index Points | Apr/22 |
| Core Inflation Rate | 5.9 % | Apr/22 |
| CPI Housing Utilities | 105 Index Points | May/22 |
| CPI Transportation | 118 Index Points | May/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -15.6 % | 2020 |
| Balance of Trade | -6464 CVE Million | -0.06 B USD | Feb/22 |
| Capital Flows | -8802 CVE Million | -82218.5 B USD | 4Q/21 |
| Current Account | -1929 CVE Million | -0.018 B USD | 4Q/21 |
| Exports | 402 CVE Million | 0.004 B USD | Feb/22 |
| Foreign Exchange Reserves | 68676 CVE Million | 0.641 B USD | Dec/21 |
| Imports | 6866 CVE Million | 0.064 B USD | Feb/22 |
| Tourist Arrivals | 87751 Persons | 0.088 Million Persons | 4Q/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 0.25 % | May/22 |
| Money Supply M0 | 113895 CVE Million | 1.064 B USD | Dec/21 |
| Money Supply M1 | 96828 CVE Million | 0.904 B USD | Dec/21 |
| Money Supply M2 | 210723 CVE Million | 1.968 B USD | Dec/21 |
| Deposit Interest Rate | 0.88 % | 2020 |
| Foreign Direct Investment | 1387 CVE Million | 0.013 B USD | 4Q/21 |
| Private Sector Credit | 122012 CVE Million | 1.14 B USD | Dec/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 13000 CVE/Month | 121.432 USD/Month | 2022 |
| Unemployment Rate | 14.5 % | 2021 |
| 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 | -1 Index Points | 1Q/22 |
| Corruption Index | 58 Index Points | 2021 |
| Corruption Rank | 39 place | 2021 |
| 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 | 12 Index Points | 4Q/21 |
| Consumer Spending | 27731 CVE Million | 0.259 B USD | 1Q/22 |
