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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 1.7 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