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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 #
39 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 17.7 % 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