Labor Force Participation Rate in Cape Verde decreased to 55.60 percent in 2018 from 59.20 percent in 2017.

Labor Force Participation Rate in Cape Verde averaged 59.56 percent from 2011 until 2018, reaching an all time high of 63.70 percent in 2016 and a record low of 55.60 percent in 2018. This page provides - Cape Verde Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cape Verde Labor Force Participation Rate - values, historical data and charts - was last updated on June of 2020.

Labor Force Participation Rate in Cape Verde is expected to reach 60.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Labor Force Participation Rate is projected to trend around 62.00 percent in 2021, according to our econometric models.

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Cape Verde Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
55.60 59.20 63.70 55.60 2011 - 2018 percent Yearly
NSA

Cape Verde Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.20 12.20 21.40 10.70 percent [+]
Population 0.55 0.54 0.55 0.20 Million [+]
Labor Force Participation Rate 55.60 59.20 63.70 55.60 percent [+]
Minimum Wages 13000.00 13000.00 13000.00 11000.00 CVE/Month [+]
Unemployed Persons 27028.00 28424.00 37915.00 21168.00 Thousand [+]
Youth Unemployment Rate 27.80 32.40 41.00 21.30 percent [+]
Employed Persons 195000.00 203775.00 209725.00 177297.00 Thousand [+]
Employment Rate 48.80 51.90 54.20 48.80 percent [+]