Cape Verde - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Cape Verde including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Cape Verde economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 12.20 13 13 12.5 12.5 13.8 percent
Inflation Rate 1.60 1.4 1.4 1.9 1.9 2.1 percent
Interest Rate 5.50 5.5 5.5 6 5.5 7 percent
Balance of Trade -6280.70 -7127 -7756 -7744 -7874 -8053 CVE Million
Government Debt to GDP 125.30 135 135 140 140 142 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 93.95
96.36 98.14 99.96 102 110
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 4.70
percent
4.3 4.1 4.2 4.2 3.12
GDP 1.75
USD Billion
1.8 1.8 1.9 1.9 2
GDP per capita 2738.31
USD
2814 2761 2820 2820 2824
GDP per capita PPP 6222.55
USD
6350 6350 6500 6500 6700
Gdp From Agriculture 1798.56
CVE Million
2178 1872 3401 2724 2014
Gdp From Construction 2980.10
CVE Million
3341 3102 2878 3261 3337
Gdp From Manufacturing 3747.04
CVE Million
3017 3901 3411 3487 4195
Gdp From Mining 125.74
CVE Million
146 131 129 141 141
Gdp From Public Administration 8039.53
CVE Million
6931 8369 7181 7505 9001
Gdp From Services 4755.17
CVE Million
4124 4950 4366 4300 5324
Gdp From Transport 4355.44
CVE Million
3799 4534 4075 4301 4877
Gdp From Utilities 1707.88
CVE Million
1573 1778 1191 1523 1912
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 12.20
percent
13 13 12.5 12.5 13.8
Population 0.55
Million
0.55 0.55 0.55 0.55 0.57
Minimum Wages 13000.00
CVE/Month
13000 13000 14000 13000 14000
Youth Unemployment Rate 32.40
percent
33.08 33.64 32.93 32.23 30.4
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.60
percent
1.4 1.4 1.9 1.9 2.1
Food Inflation 0.20
percent
1 2.5 2.7 2.8 3.5
Inflation Rate Mom 0.60
percent
0 -0.02 0 0 0
Consumer Price Index CPI 120.40
Index Points
121 121 122 123 126
Core Inflation Rate 0.50
percent
0.65 0.79 0.87 0.91 0.98
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.50
percent
5.5 5.5 6 5.5 7
Money Supply M0 102225.90
CVE Million
102201 102167 102138 102112 101978
Money Supply M2 177048.80
CVE Million
167834 167964 167959 167959 167959
Foreign Exchange Reserves 59117.40
CVE Million
58899 58887 58887 58887 58887
Deposit Interest Rate 2.50
percent
2.5 2.5 3 2.5 4
Money Supply M1 102225.90
CVE Million
67806 68385 68358 68359 68359
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -6280.70
CVE Million
-7127 -7756 -7744 -7874 -8053
Exports 467.40
CVE Million
478 476 476 475 475
Imports 6748.10
CVE Million
7605 7996 8220 8350 8528
Current Account 1800.26
CVE Million
-859 -308 -662 -43.88 -321
Current Account to GDP -7.10
percent
-8 -8 -7.6 -7.6 -5
Remittances 1216.50
CVE Million
1370 1442 1408 1423 1418
Tourist Arrivals 215349.00
195100 206300 210600 204800 205700
Foreign Direct Investment 1991.60
CVE Million
3279 2931 3057 2824 2921
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 125.30
percent
135 135 140 140 142
Government Budget -3.10
percent of GDP
-4.19 -4.46 -4.47 -4.47 -4.21
Military Expenditure 9.13
USD Million
9.05 9 8.99 8.99 8.97
Government Spending 9382.78
CVE Million
8033 9767 8358 7758 10505
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 11.00
Index Points
8.53 12.83 13.47 13.16 12.51
Internet Speed 3847.67
KBps
3257 3074 3174 3060 3047
IP Addresses 14030.00
IP
15676 15830 15984 16188 17784
Ease of Doing Business 127.00
130 129 129 130 131
Corruption Index 55.00
Points
55 55 54 54 54
Corruption Rank 48.00
50 53 51 50 46
Competitiveness Index 3.76
Points
3.78 3.78 3.68 3.64 3.6
Competitiveness Rank 110.00
110 110 116 118 121
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 12.00
Index Points
11.62 10.69 10.45 10.22 10.76
Private Sector Credit 101813.00
CVE Million
102634 103350 104041 104707 110204
Consumer Spending 31756.50
CVE Million
28244 33059 29379 31216 35556
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 20.45
mm
74.61 32.01 10.63 29.62 33.85
Temperature 23.05
celsius
26.37 24.98 22.09 24.77 24.76