Cape Verde recorded a Current Account deficit of 8730.80 CVE Million in the fourth quarter of 2020. source: Banco de Cabo Verde

Current Account in Cape Verde averaged -3697.20 CVE Million from 1994 until 2020, reaching an all time high of 9533 CVE Million in the fourth quarter of 2019 and a record low of -11803.10 CVE Million in the fourth quarter of 2004. This page provides the latest reported value for - Cape Verde Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cape Verde Current Account - values, historical data and charts - was last updated on June of 2021.

Current Account in Cape Verde is expected to be -1780.00 CVE Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Cape Verde to stand at -1780.00 in 12 months time. In the long-term, the Cape Verde Current Account is projected to trend around -2714.31 CVE Million in 2022 and -2695.23 CVE Million in 2023, according to our econometric models.

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Cape Verde Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-8730.80 -8490.60 9533.00 -11803.10 1994 - 2020 CVE Million Quarterly

Cape Verde Trade Last Previous Highest Lowest Unit
Balance of Trade -4351.80 -5417.10 -1864.74 -27692.99 CVE Million [+]
Current Account -8730.80 -8490.60 9533.00 -11803.10 CVE Million [+]
Current Account to GDP -15.60 0.30 3.04 -16.20 percent of GDP [+]
Imports 4805.10 5517.90 32602.32 2004.13 CVE Million [+]
Exports 186.20 289.10 4909.34 37.30 CVE Million [+]
Remittances 2296.60 1673.10 2296.60 523.08 CVE Million [+]
Tourist Arrivals 9034.00 3701.00 312880.00 3701.00 [+]
Foreign Direct Investment 1886.60 2183.90 8369.50 -488.40 CVE Million [+]
Capital Flows 938.80 -5944.10 2517.80 -9432.47 CVE Millions [+]

Cape Verde Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).