Economy of Cape Verde. Statistics, Data and Indicators
Cape Verde
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 35 | Corruption rank#43 |
| 137 | Ease of doing business#117 |
Cape Verde Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 2.31 USD Billion | 2022 |
| GDP Annual Growth Rate | 3.4 % | 2Q/23 |
| GDP per capita | 3643 USD | 2022 |
| Inflation Rate YoY | 2.9 % | Aug/23 |
| Interest Rate | 1 % | Aug/23 |
| Unemployment Rate | 13.6 % | 2022 |
| Balance of Trade | -7247 CVE Million | -0.07 B USD | Jun/23 |
| Current Account | -616 CVE Million | -0.006 B USD | 1Q/23 |
| Foreign Exchange Reserves | 69003 CVE Million | 0.664 B USD | Jun/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 2.31 USD Billion | 2022 |
| GDP Annual Growth Rate | 3.4 % | 2Q/23 |
| GDP per capita | 3643 USD | 2022 |
| GDP Constant Prices | 51859 CVE Million | 0.499 B USD | 2Q/23 |
| GDP per capita PPP | 7692 USD | 2022 |
| GDP From Agriculture | 1318 CVE Million | 0.013 B USD | 2Q/23 |
| GDP From Construction | 2474 CVE Million | 0.024 B USD | 2Q/23 |
| GDP From Manufacturing | 2692 CVE Million | 0.026 B USD | 2Q/23 |
| GDP From Mining | 148 CVE Million | 0.001 B USD | 1Q/23 |
| GDP From Public Administration | 5520 CVE Million | 0.053 B USD | 1Q/23 |
| GDP From Services | 5470 CVE Million | 0.053 B USD | 1Q/23 |
| GDP From Transport | 4599 CVE Million | 0.044 B USD | 1Q/23 |
| GDP From Utilities | 928 CVE Million | 0.009 B USD | 1Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 127 % | 2022 |
| Government Spending | 9598 CVE Million | 0.092 B USD | 1Q/23 |
| Government Revenues | 13840 CVE Million | 0.133 B USD | 1Q/23 |
| Government Budget to GDP | -4.2 % | 2022 |
| Military Expenditure | 10.3 USD Million | 0.01 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 117 Index Points | Aug/23 |
| Food Inflation | 8.8 % | Aug/23 |
| Inflation Rate YoY | 2.9 % | Aug/23 |
| Inflation Rate Mom | 0.9 % | Aug/23 |
| Core Consumer Prices | 116 Index Points | Aug/23 |
| Core Inflation Rate | 3.4 % | Aug/23 |
| CPI Housing Utilities | 109 Index Points | Aug/23 |
| CPI Transportation | 118 Index Points | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -3.4 % | 2022 |
| Balance of Trade | -7247 CVE Million | -0.07 B USD | Jun/23 |
| Capital Flows | -4542 CVE Million | -43704.637 B USD | 1Q/23 |
| Current Account | -616 CVE Million | -0.006 B USD | 1Q/23 |
| Exports | 676 CVE Million | 0.007 B USD | Jun/23 |
| Foreign Exchange Reserves | 69003 CVE Million | 0.664 B USD | Jun/23 |
| Imports | 7924 CVE Million | 0.076 B USD | Jun/23 |
| Tourist Arrivals | 216148 Persons | 0.216 Million Persons | 1Q/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 1 % | Aug/23 |
| Money Supply M0 | 115596 CVE Million | 1.112 B USD | Jun/23 |
| Money Supply M1 | 109253 CVE Million | 1.051 B USD | Jun/23 |
| Money Supply M2 | 224849 CVE Million | 2.164 B USD | Jun/23 |
| Deposit Interest Rate | 0.97 % | 2022 |
| Foreign Direct Investment | 3080 CVE Million | 0.03 B USD | 1Q/23 |
| Private Sector Credit | 130970 CVE Million | 1.26 B USD | Jun/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 13000 CVE/Month | 125.09 USD/Month | 2023 |
| Unemployment Rate | 13.6 % | 2022 |
| Youth Unemployment Rate | 21.2 % | 2022 |
| Employed Persons | 199216 Thousand Person | 199.216 Million Person | 2022 |
| Employment Rate | 56.5 % | 2022 |
| Labor Force Participation Rate | 62.4 % | 2022 |
| Unemployed Persons | 20707 Thousand Persons | 20.707 Million Persons | 2022 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Sales Tax Rate | 15 % | 2023 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 6 Index Points | 2Q/23 |
| Corruption Index | 60 Index Points | 2022 |
| Corruption Rank | 35 place | 2022 |
| 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 | 11 Index Points | 2Q/23 |
| Consumer Spending | 41446 CVE Million | 0.399 B USD | 1Q/23 |
