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 | 1.94 USD Billion | 2021 |
| GDP Annual Growth Rate | 17.7 % | 2Q/22 |
| GDP per capita | 3106 USD | 2021 |
| Inflation Rate YoY | 8.2 % | Oct/22 |
| Interest Rate | 0.25 % | Oct/22 |
| Unemployment Rate | 14.5 % | 2021 |
| Balance of Trade | -8078 CVE Million | -0.076 B USD | Aug/22 |
| Current Account | -2768 CVE Million | -0.026 B USD | 2Q/22 |
| Foreign Exchange Reserves | 68083 CVE Million | 0.644 B USD | Aug/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 1.94 USD Billion | 2021 |
| GDP Annual Growth Rate | 17.7 % | 2Q/22 |
| GDP per capita | 3106 USD | 2021 |
| GDP Constant Prices | 43322 CVE Million | 0.41 B USD | 2Q/22 |
| GDP per capita PPP | 6397 USD | 2021 |
| GDP From Agriculture | 2354 CVE Million | 0.022 B USD | 2Q/22 |
| GDP From Construction | 4209 CVE Million | 0.04 B USD | 2Q/22 |
| GDP From Manufacturing | 2614 CVE Million | 0.025 B USD | 2Q/22 |
| GDP From Mining | 82 CVE Million | 0.001 B USD | 2Q/22 |
| GDP From Public Administration | 8155 CVE Million | 0.077 B USD | 2Q/22 |
| GDP From Services | 4858 CVE Million | 0.046 B USD | 2Q/22 |
| GDP From Transport | 3252 CVE Million | 0.031 B USD | 2Q/22 |
| GDP From Utilities | 1510 CVE Million | 0.014 B USD | 2Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 157 % | 2021 |
| Government Spending | 8070 CVE Million | 0.076 B USD | 2Q/22 |
| Government Revenues | 12803 CVE Million | 0.121 B USD | 2Q/22 |
| Government Budget to GDP | -7.6 % | 2021 |
| Military Expenditure | 11.2 USD Million | 0.011 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 114 Index Points | Oct/22 |
| Food Inflation | 17.8 % | Oct/22 |
| Inflation Rate YoY | 8.2 % | Oct/22 |
| Inflation Rate Mom | 0.4 % | Oct/22 |
| Core Consumer Prices | 113 Index Points | Sep/22 |
| Core Inflation Rate | 7.1 % | Sep/22 |
| CPI Housing Utilities | 107 Index Points | Oct/22 |
| CPI Transportation | 121 Index Points | Oct/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -11 % | 2021 |
| Balance of Trade | -8078 CVE Million | -0.076 B USD | Aug/22 |
| Capital Flows | -3857 CVE Million | -36467.504 B USD | 2Q/22 |
| Current Account | -2768 CVE Million | -0.026 B USD | 2Q/22 |
| Exports | 538 CVE Million | 0.005 B USD | Aug/22 |
| Foreign Exchange Reserves | 68083 CVE Million | 0.644 B USD | Aug/22 |
| Imports | 8616 CVE Million | 0.081 B USD | Aug/22 |
| Tourist Arrivals | 170027 Persons | 0.17 Million Persons | 2Q/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 0.25 % | Oct/22 |
| Money Supply M0 | 112658 CVE Million | 1.065 B USD | Aug/22 |
| Money Supply M1 | 102894 CVE Million | 0.973 B USD | Aug/22 |
| Money Supply M2 | 215551 CVE Million | 2.038 B USD | Aug/22 |
| Deposit Interest Rate | 0.67 % | 2021 |
| Foreign Direct Investment | 2618 CVE Million | 0.025 B USD | 2Q/22 |
| Private Sector Credit | 124431 CVE Million | 1.176 B USD | Aug/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 13000 CVE/Month | 122.914 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 | 53 % | 2020 |
| Unemployed Persons | 31724 Thousand Persons | 31.724 Million Persons | 2020 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Sales Tax Rate | 15 % | 2022 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 5 Index Points | 3Q/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 | 9 Index Points | 2Q/22 |
| Consumer Spending | 34821 CVE Million | 0.329 B USD | 2Q/22 |
