The Gross Domestic Product (GDP) in Cape Verde expanded 4.90 percent in the fourth quarter of 2019 over the previous quarter. GDP Growth Rate in Cape Verde averaged 1.11 percent from 2007 until 2019, reaching an all time high of 11.10 percent in the fourth quarter of 2007 and a record low of -7.20 percent in the third quarter of 2007. The most important sector of Cape Verde’s economy is services and accounts for 72 percent of total GDP, of which public administration (18 percent); real estate and other services (13 percent); wholesale and retail trade (12 percent); transport (11 percent) and hotels and restaurants (7 percent). Industry constitutes 21 percent with construction (9 percent) and manufacturing, mining and quarrying (8 percent). Agriculture and fishing create 7 percent of the wealth. On the expenditure side, household consumption is the main component of GDP and accounts for 66 percent of its total use, followed by capital formation (36 percent) and government expenditure (17 percent). Exports of goods and services account for 47 percent of GDP while imports account for 67 percent, subtracting 20 percent of total GDP. This page provides - Cape Verde Gdp Growth Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Cape Verde increased to 43937 CVE Million in the fourth quarter of 2019 from 41902 CVE Million in the third quarter of 2019. GDP Constant Prices in Cape Verde averaged 35126.21 CVE Million from 2007 until 2019, reaching an all time high of 43937 CVE Million in the fourth quarter of 2019 and a record low of 29063.30 CVE Million in the third quarter of 2007. This page provides - Cape Verde Gdp Constant Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Construction in Cape Verde decreased to 3902 CVE Million in the fourth quarter of 2019 from 4033 CVE Million in the third quarter of 2019. GDP From Construction in Cape Verde averaged 3275.67 CVE Million from 2007 until 2019, reaching an all time high of 4644.60 CVE Million in the second quarter of 2008 and a record low of 2057.60 CVE Million in the fourth quarter of 2012. This page provides - Cape Verde Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Manufacturing in Cape Verde decreased to 2401 CVE Million in the fourth quarter of 2019 from 2427.40 CVE Million in the third quarter of 2019. GDP From Manufacturing in Cape Verde averaged 1895.41 CVE Million from 2007 until 2019, reaching an all time high of 2547.40 CVE Million in the first quarter of 2019 and a record low of 1271.20 CVE Million in the third quarter of 2007. This page provides - Cape Verde Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Mining in Cape Verde decreased to 80 CVE Million in the fourth quarter of 2019 from 83 CVE Million in the third quarter of 2019. GDP From Mining in Cape Verde averaged 128.01 CVE Million from 2007 until 2019, reaching an all time high of 296.80 CVE Million in the second quarter of 2008 and a record low of 64.60 CVE Million in the fourth quarter of 2016. This page provides - Cape Verde Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Public Administration in Cape Verde increased to 7365 CVE Million in the fourth quarter of 2019 from 6695 CVE Million in the third quarter of 2019. GDP From Public Administration in Cape Verde averaged 5232.11 CVE Million from 2007 until 2019, reaching an all time high of 7365 CVE Million in the fourth quarter of 2019 and a record low of 3137 CVE Million in the second quarter of 2008. This page provides - Cape Verde Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Cape Verde increased to 4717 CVE Million in the fourth quarter of 2019 from 4537 CVE Million in the third quarter of 2019. GDP From Services in Cape Verde averaged 3903.87 CVE Million from 2007 until 2019, reaching an all time high of 4819.40 CVE Million in the fourth quarter of 2007 and a record low of 3282.20 CVE Million in the first quarter of 2007. This page provides - Cape Verde Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Transport in Cape Verde increased to 3975 CVE Million in the fourth quarter of 2019 from 3908.40 CVE Million in the third quarter of 2019. GDP From Transport in Cape Verde averaged 3328.12 CVE Million from 2007 until 2019, reaching an all time high of 3975 CVE Million in the fourth quarter of 2019 and a record low of 2679.80 CVE Million in the first quarter of 2013. This page provides - Cape Verde Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Utilities in Cape Verde decreased to 1428 CVE Million in the fourth quarter of 2019 from 1461.10 CVE Million in the third quarter of 2019. GDP From Utilities in Cape Verde averaged 755.04 CVE Million from 2007 until 2019, reaching an all time high of 1461.10 CVE Million in the third quarter of 2019 and a record low of 203.60 CVE Million in the first quarter of 2007. This page provides - Cape Verde Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Spending in Cape Verde increased to 30374 CVE Million in the fourth quarter of 2019 from 27025 CVE Million in the third quarter of 2019. Consumer Spending in Cape Verde averaged 22355.86 CVE Million from 2007 until 2019, reaching an all time high of 30374 CVE Million in the fourth quarter of 2019 and a record low of 16724.72 CVE Million in the first quarter of 2010. This page provides - Cape Verde Consumer Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Cape Verde increased to 7970 CVE Million in the fourth quarter of 2019 from 7044 CVE Million in the third quarter of 2019. Government Spending in Cape Verde averaged 6311.66 CVE Million from 2007 until 2019, reaching an all time high of 7970 CVE Million in the fourth quarter of 2019 and a record low of 4809.66 CVE Million in the first quarter of 2008. This page provides - Cape Verde Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Cape Verde decreased to 12899 CVE Million in the fourth quarter of 2019 from 16407 CVE Million in the third quarter of 2019. Gross Fixed Capital Formation in Cape Verde averaged 13976.30 CVE Million from 2007 until 2019, reaching an all time high of 19598.70 CVE Million in the first quarter of 2009 and a record low of 6800.70 CVE Million in the fourth quarter of 2015. This page provides - Cape Verde Gross Fixed Capital Formation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Cape Verde increased to 19586 CVE Millions in the fourth quarter of 2019 from 12708.60 CVE Millions in the third quarter of 2019. Government Revenues in Cape Verde averaged 9812.31 CVE Millions from 2004 until 2019, reaching an all time high of 19586 CVE Millions in the fourth quarter of 2019 and a record low of 3861.83 CVE Millions in the first quarter of 2004. This page provides - Cape Verde Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M0 in Cape Verde increased to 108243.75 CVE Million in December from 107640.40 CVE Million in November of 2019. Money Supply M0 in Cape Verde averaged 99682.49 CVE Million from 2014 until 2019, reaching an all time high of 108243.75 CVE Million in December of 2019 and a record low of 87392.90 CVE Million in June of 2014. This page provides - Cape Verde Money Supply M0- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M1 in Cape Verde increased to 880380 CVE Million in December from 83497.50 CVE Million in November of 2019. Money Supply M1 in Cape Verde averaged 82040.23 CVE Million from 2014 until 2019, reaching an all time high of 880380 CVE Million in December of 2019 and a record low of 47147.40 CVE Million in January of 2014. This page provides - Cape Verde Money Supply M1- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Cape Verde increased to 196281.80 CVE Million in December from 191137.90 CVE Million in November of 2019. Money Supply M2 in Cape Verde averaged 97136.75 CVE Million from 1993 until 2019, reaching an all time high of 1234914 CVE Million in March of 2013 and a record low of 18495.60 CVE Million in December of 1993. Cape Verde Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Cape Verde Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cape Verde recorded a Current Account surplus of 1290.30 CVE Million in the fourth quarter of 2019. Current Account in Cape Verde averaged -3634.45 CVE Million from 1994 until 2019, reaching an all time high of 2967.50 CVE Million in the first quarter of 2019 and a record low of -11803.10 CVE Million in the fourth quarter of 2004. 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). 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 recorded a capital and financial account deficit of 5726.50 CVE Millions in the fourth quarter of 2019. Capital Flows in Cape Verde averaged -3685.50 CVE Millions from 2012 until 2019, reaching an all time high of 2517.80 CVE Millions in the first quarter of 2016 and a record low of -9432.47 CVE Millions in the fourth quarter of 2013. This page provides - Cape Verde Capital Flows- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Cape Verde increased by 2626.70 CVE Million in the fourth quarter of 2019. Foreign Direct Investment in Cape Verde averaged 2635.41 CVE Million from 2012 until 2019, reaching an all time high of 8369.50 CVE Million in the third quarter of 2014 and a record low of -488.40 CVE Million in the first quarter of 2014. This page provides - Cape Verde Foreign Direct Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Reserves in Cape Verde increased to 72912.10 CVE Million in December from 69173.60 CVE Million in November of 2019. Foreign Exchange Reserves in Cape Verde averaged 24803.25 CVE Million from 1993 until 2019, reaching an all time high of 72912.10 CVE Million in December of 2019 and a record low of 784.10 CVE Million in December of 1998. In Cape Verde, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides - Cape Verde Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Cape Verde decreased to 415.10 CVE Million in February from 429.20 CVE Million in January of 2020. Exports in Cape Verde averaged 428.53 CVE Million from 1999 until 2020, reaching an all time high of 4909.34 CVE Million in December of 2002 and a record low of 37.30 CVE Million in January of 2005. Cape Verde main exports are fish (75 percent of total exports) and clothing (10 percent). Main export partner is Spain (86 percent of total exports) followed by Portugal (10 percent) and the United States. This page provides - Cape Verde Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Cape Verde decreased to 5185.60 CVE Million in February from 6211.50 CVE Million in January of 2020. Imports in Cape Verde averaged 5533.53 CVE Million from 1999 until 2020, reaching an all time high of 32602.32 CVE Million in December of 2002 and a record low of 2004.13 CVE Million in February of 2004. Cape Verde main imports are: food, fuel and machinery. Main import partner is Portugal (57 percent of total imports) followed by Netherlands (15 percent), Spain and Brazil. This page provides - Cape Verde Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cape Verde recorded a trade deficit of 4770.50 CVE Million in February of 2020. Balance of Trade in Cape Verde averaged -5112.33 CVE Million from 1999 until 2020, reaching an all time high of -1864.74 CVE Million in February of 2004 and a record low of -27692.99 CVE Million in December of 2002. Cape Verde runs systemic trade deficits due to small export volume. The country’s main exports are fish (75 percent of total exports) and clothing (10 percent). Cape Verde is dependent on imports for fuel, food and machinery. Cape Verde main trading partners are Portugal (10 percent of total exports and 57 percent of imports) and Spain (86 percent of exports and 5 percent of imports). This page provides - Cape Verde Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourist Arrivals in Cape Verde increased to 224049 in the fourth quarter of 2019 from 181664 in the third quarter of 2019. Tourist Arrivals in Cape Verde averaged 148438.73 from 2000 until 2019, reaching an all time high of 312880 in the fourth quarter of 2007 and a record low of 71246 in the second quarter of 2008. This page provides - Cape Verde Tourist Arrivals- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Cape Verde increased to 230473.89 CVE Million in December from 227132.78 CVE Million in November of 2019. Banks Balance Sheet in Cape Verde averaged 181232.58 CVE Million from 2012 until 2019, reaching an all time high of 230473.89 CVE Million in December of 2019 and a record low of 134797.80 CVE Million in April of 2012. This page provides - Cape Verde Banks Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Private Sector Credit in Cape Verde increased to 109079.60 CVE Million in December from 108074.90 CVE Million in November of 2019. Private Sector Credit in Cape Verde averaged 55254.18 CVE Million from 1993 until 2019, reaching an all time high of 109079.60 CVE Million in December of 2019 and a record low of 4270.40 CVE Million in December of 1993. This page provides - Cape Verde Private Sector Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cape Verde recorded a Current Account deficit of 4.40 percent of the country's Gross Domestic Product in 2019. Current Account to GDP in Cape Verde averaged -7.63 percent from 1980 until 2019, reaching an all time high of 3.04 percent in 1980 and a record low of -16.20 percent in 2011. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Cape Verde Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Business Confidence in Cape Verde increased to 15 points in the fourth quarter of 2019 from 12 points in the third quarter of 2019. Business Confidence in Cape Verde averaged 2.68 points from 2002 until 2019, reaching an all time high of 20 points in the fourth quarter of 2007 and a record low of -15 points in the first quarter of 2015. In Cape Verde, Survey of Economic Climate, published by INE, measures the level of optimism that people who run companies in industrial and commercial sectors have about the performance of the economy and how they feel about their organizations’ prospects. Survey incorporates questions about investment climate, export activity, capacity utilization levels and employment. This page provides - Cape Verde Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cape Verde recorded a Government Budget deficit equal to 2.60 percent of the country's Gross Domestic Product in 2018. Government Budget in Cape Verde averaged -3.47 percent of GDP from 2000 until 2018, reaching an all time high of 6.30 percent of GDP in 2001 and a record low of -12.40 percent of GDP in 2012. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides the latest reported value for - Cape Verde Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The inflation rate in Cape Verde was recorded at 1.60 percent in March of 2020. Inflation Rate in Cape Verde averaged 2 percent from 1990 until 2020, reaching an all time high of 10.20 percent in October of 2008 and a record low of -4.40 percent in February of 2004. In Cape Verde, the three main components of the consumer price index are: Food and Non-Alcoholic Beverages (25.2 percent of total weight); Housing and Utilities (24.5 percent) and Transport (13 percent). Others include: Clothing and Footwear (7.2 percent); Miscellaneous Goods and Services (7 percent); Household Contents, Equipment and Maintenance (4.6 percent). Communication, Restaurants and Hotels, Recreation and Culture, Health, Education and Alcoholic Beverages and Tobacco account for the remaining 18.5 percent of total weight. This page provides the latest reported value for - Cape Verde Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Standard & Poor's credit rating for Cape Verde stands at B with stable outlook. Fitch's credit rating for Cape Verde was last reported at B- with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Cape Verde thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Cape Verde as reported by major credit rating agencies.

Cape Verde recorded 230 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Cape Verde reported 2 Coronavirus Deaths. This page includes a chart with historical data for Cape Verde Coronavirus Cases.

Cape Verde recorded 2 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Cape Verde reported 230 Coronavirus Cases. This page includes a chart with historical data for Cape Verde Coronavirus Deaths.

Cape Verde recorded 44 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Cape Verde reported 2 Coronavirus Deaths. This page includes a chart with historical data for Cape Verde Coronavirus Recovered.

Remittances in Cape Verde increased to 2169.30 CVE Million in December from 1582.70 CVE Million in November of 2019. Remittances in Cape Verde averaged 1107.62 CVE Million from 2002 until 2019, reaching an all time high of 2169.30 CVE Million in December of 2019 and a record low of 523.08 CVE Million in February of 2002. In Cape Verde, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances). This page provides - Cape Verde Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports of Edible Vegetable Oil (incl. Palm Oil) in China increased to 509000 USD THO in April from 370100 USD THO in March of 2020. Imports of Edible Vegetable Oil (incl. Palm Oil) in China averaged 361242.98 USD THO from 1996 until 2020, reaching an all time high of 1125864 USD THO in December of 2012 and a record low of 23304 USD THO in May of 2000. This page includes a chart with historical data for China Imports of Edible Vegetable Oil (incl. Palm Oil).

Imports - Trucks, Buses & Spec-Purpose Vehicles (Census Basis) in the United States decreased to 3303.14 USD Million in March from 3629.61 USD Million in February of 2020. Imports - Trucks, Buses & Spec-Purpose Vehicles (C in the United States averaged 1760.71 USD Million from 1989 until 2020, reaching an all time high of 4303.64 USD Million in July of 2019 and a record low of 438.79 USD Million in June of 2009. This page includes a chart with historical data for the United States Imports of Trucks, Buses & Spec-purpose Vehicles.

Cost of food in Cape Verde increased 4.20 percent in March of 2020 over the same month in the previous year. Food Inflation in Cape Verde averaged 2.50 percent from 2006 until 2020, reaching an all time high of 13.80 percent in October of 2008 and a record low of -3.70 percent in October of 2009. This page provides the latest reported value for - Cape Verde Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Cape Verde was last recorded at 1 percent. Interest Rate in Cape Verde averaged 7.99 percent from 1998 until 2020, reaching an all time high of 10.50 percent in February of 1998 and a record low of 1 percent in March of 2020. In Cape Verde, interest rates decisions are taken by the Monetary Committee of the Bank of Cape Verde. The official rate is the rediscount rate. This page provides the latest reported value for - Cape Verde Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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