Cape Verde | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 102.59 108 109 110 112 127 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 3.50 1.8 2.17 2.3 2.5 3.12 percent [+]
GDP 1.60 1.77 1.71 1.65 1.58 1.51 USD Billion [+]
GDP per capita 2738.31 2751 2755 2759 2763 2886 USD [+]
GDP per capita PPP 6157.90 6168 6162 6156 6150 6161 USD [+]
GDP per capita 3500.20 3604 3610 3617 3624 3886 USD [+]
GDP Growth Rate 4.50 2.31 3.51 1.66 3.93 2.9 percent [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 12.40 14.9 14.9 12.98 12.41 13.8 percent [+]
Population 0.52 0.51 0.51 0.52 0.52 0.55 Million [+]
Youth Unemployment Rate 28.60 31.51 30.52 29.53 28.54 28.48 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate -1.30 -0.3 0.3 0.5 0.8 1.5 percent [+]
Food Inflation -1.50 -1.49 -1.46 -1.48 -1.47 -1.47 percent [+]
Consumer Price Index CPI 118.30 119 120 120 120 120 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 7.50 7.5 7.5 7.5 7.25 7 percent [+]
Money Supply M0 102411.80 104138 104867 105646 106330 111483 CVE Million [+]
Money Supply M2 162487.20 155215 155190 155189 155189 155189 CVE Million [+]
Foreign Exchange Reserves 54793.70 54979 55013 55019 55020 55020 CVE Million [+]
Loans to Private Sector 50795.30 53319 53707 54083 54447 58011 CVE Million [+]
Deposit Interest Rate 2.90 3.4 3.24 3.09 2.94 3.14 percent [+]
Money Supply M1 60075.40 68075 68077 68078 68078 68078 CVE Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -5397.60 -5987 -6052 -6091 -6114 -6147 CVE Million [+]
Exports 650.80 767 822 855 874 903 CVE Million [+]
Imports 6048.40 6428 6475 6502 6518 6540 CVE Million [+]
Current Account -1639.30 -1537 -1632 -1677 -1690 -992 CVE Million [+]
Current Account to GDP -4.30 -9.61 -8.77 -7.93 -7.08 -7.16 percent [+]
Remittances 1423.00 1628 1594 1604 1601 1602 CVE Million [+]
Tourist Arrivals 132443.00 149686 137912 134754 135994 137733 [+]
Foreign Direct Investment 2427.10 1943 2804 2490 2444 2518 CVE Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 123.00 125 126 127 128 136 percent [+]
Government Budget -4.10 -5.35 -4.58 -3.82 -3.05 -4.53 percent of GDP [+]
Military Expenditure 10.60 10.15 10.22 10.29 10.3 10.34 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 0.00 -0.88 -4.06 -5.42 -5.08 -3.51 [+]
Ease of Doing Business 129.00 125 125 124 124 125 [+]
Corruption Index 55.00 56.55 55.68 54.81 53.93 54.54 Points [+]
Corruption Rank 40.00 41 41 41 42 47 [+]
Competitiveness Index 3.76 3.63 3.63 3.64 3.64 3.59 Points [+]
Competitiveness Rank 110.00 116 116 116 115 117 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 8.00 9.18 8.43 7.63 7.05 7.63 [+]
Private Sector Credit 97360.00 99018 100198 101344 102446 112856 CVE Million [+]
Consumer Credit 50936.60 52908 53037 53129 53196 53362 CVE Million [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]





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. 1/24/2017