Unemployment Rate in Cape Verde decreased to 11.29 percent in 2019 from 12.20 percent in 2018. source: INE, Cape Verde

Unemployment Rate in Cape Verde averaged 14.45 percent from 1990 until 2019, reaching an all time high of 21.40 percent in 2005 and a record low of 10.70 percent in 2010. This page provides - Cape Verde Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cape Verde Unemployment Rate - values, historical data and charts - was last updated on December of 2020.

Unemployment Rate in Cape Verde is expected to reach 14.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Unemployment Rate is projected to trend around 12.80 percent in 2021 and 12.40 percent in 2022, according to our econometric models.

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Cape Verde Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.29 12.20 21.40 10.70 1990 - 2019 percent Yearly

Cape Verde Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.29 12.20 21.40 10.70 percent [+]
Population 0.55 0.54 0.55 0.20 Million [+]
Labor Force Participation Rate 57.40 55.60 63.70 55.60 percent [+]
Minimum Wages 13000.00 13000.00 13000.00 11000.00 CVE/Month [+]
Unemployed Persons 26259.00 27028.00 37915.00 21168.00 Thousand [+]
Youth Unemployment Rate 24.90 27.80 41.00 21.30 percent [+]
Employed Persons 206344.00 195000.00 209725.00 177297.00 Thousand [+]
Employment Rate 50.90 48.80 54.20 48.80 percent [+]


Cape Verde Unemployment Rate
In Cape Verde, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.