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Economy of Cape Verde. Statistics, Data and Indicators

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Cape Verde
N/AN/A Credit rank #
N/A Quality of life #
35 Corruption rank#43
137 Ease of doing business#117
Cape Verde


Cape Verde Major Economic Indicators

Indicator Data Period
GDP Value 1.94 USD Billion 2021
GDP Annual Growth Rate 17.1 % 3Q/22
GDP per capita 2969 USD 2021
Inflation Rate YoY 7.3 % Feb/23
Interest Rate 0.25 % Feb/23
Unemployment Rate 14.5 % 2021
Balance of Trade -8078 CVE Million | -0.079 B USD Aug/22
Current Account -2768 CVE Million | -0.027 B USD 2Q/22
Foreign Exchange Reserves 62990 CVE Million | 0.616 B USD Oct/22


GDP Indicators

Indicator Data Period
GDP Value 1.94 USD Billion 2021
GDP Annual Growth Rate 17.1 % 3Q/22
GDP per capita 2969 USD 2021
GDP Constant Prices 44242 CVE Million | 0.432 B USD 3Q/22
GDP per capita PPP 6397 USD 2021
GDP From Agriculture  1283 CVE Million | 0.013 B USD 3Q/22
GDP From Construction  4322 CVE Million | 0.042 B USD 3Q/22
GDP From Manufacturing  2668 CVE Million | 0.026 B USD 3Q/22
GDP From Mining  84 CVE Million | 0.001 B USD 3Q/22
GDP From Public Administration  8043 CVE Million | 0.079 B USD 3Q/22
GDP From Services  5201 CVE Million | 0.051 B USD 3Q/22
GDP From Transport  3551 CVE Million | 0.035 B USD 3Q/22
GDP From Utilities  1636 CVE Million | 0.016 B USD 3Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 130 % 2022
Government Spending 8335 CVE Million | 0.081 B USD 3Q/22
Government Revenues 12803 CVE Million | 0.125 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) 117 Index Points Feb/23
Food Inflation 16.6 % Feb/23
Inflation Rate YoY 7.3 % Feb/23
Inflation Rate Mom 0.7 % Feb/23
Core Consumer Prices 116 Index Points Feb/23
Core Inflation Rate 7.1 % Feb/23
CPI Housing Utilities 108 Index Points Feb/23
CPI Transportation 123 Index Points Feb/23


Trade Indicators

Indicator Data Period
Current Account to GDP -11 % 2021
Balance of Trade -8078 CVE Million | -0.079 B USD Aug/22
Capital Flows -3857 CVE Million | -37701.027 B USD 2Q/22
Current Account -2768 CVE Million | -0.027 B USD 2Q/22
Exports 585 CVE Million | 0.006 B USD Oct/22
Foreign Exchange Reserves 62990 CVE Million | 0.616 B USD Oct/22
Imports 8846 CVE Million | 0.086 B USD Oct/22
Tourist Arrivals 170027 Persons | 0.17 Million Persons 2Q/22


Money Indicators

Indicator Data Period
Interest Rate 0.25 % Feb/23
Money Supply M0 116345 CVE Million | 1.137 B USD Oct/22
Money Supply M1 102284 CVE Million | 1 B USD Oct/22
Money Supply M2 218629 CVE Million | 2.137 B USD Oct/22
Deposit Interest Rate 0.67 % 2021
Foreign Direct Investment 2618 CVE Million | 0.026 B USD 2Q/22
Private Sector Credit  127021 CVE Million | 1.242 B USD Oct/22


Labor Indicators

Indicator Data Period
Minimum Wages 13000 CVE/Month | 127.071 USD/Month 2023
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 1 Index Points 4Q/22
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 10 Index Points 4Q/22
Consumer Spending 31980 CVE Million | 0.313 B USD 3Q/22