145 [see also: Stock of narrow money country ranks ] $687.3 million Commercial bank prime lending rate: [see also: Debt - external country ranks ] household consumption: 50.1% )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - household consumption country ranks ] 99.688 99.426 101.8 190 According to the updated IMF forecasts from 14th April 2020, due to the outbreak of the COVID-19, GDP growth is expected to fall to -4% in 2020 and pick up to 5.5% in 2021, subject to the post-pandemic global economic recovery. (31 December 2017 est.) Stock of direct foreign investment - abroad: [see also: Budget surplus (+) or deficit (-) country ranks ] (2017 est.) (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): Exports - commodities: fuel (re-exports), shoes, garments, fish, hides 42 (31 December 2017 est.) 158 Today, the outlook is still impressive. The economy is largely subsistence agriculture however efforts are severely hampered by the lack of water, whilst approximately 80% of the population are employed in agriculture it only accounts for around 12% of GDP. Public debt: $1.61 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2016 est. This page has 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. $39.9 million For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order. 113 )country comparison to the world (CIA rank, may be based on non-current data): ), Gross national saving: (2017 est.) ), Labor force: 196,100 $572.7 million (31 December 2016 est. $6,600 [see also: Central bank discount rate country ranks ] (2016 est.) $189 million )country comparison to the world (CIA rank, may be based on non-current data): ), GDP - composition, by end use: $1.688 billion (2017 est.) 165 (2017 est.) (2013 est. (2017 est.) (2017) ), Stock of direct foreign investment - at home: $602.1 million )country comparison to the world (CIA rank, may be based on non-current data): $148.4 million (2015 est.) (2016 est. 145 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. 9.5% )country comparison to the world (CIA rank, may be based on non-current data): $1.61 billion (2017) [see also: Household income or consumption by percentage share - lowest 10% country ranks ] (2017) expenditures: 546.7 million 39 131 (31 December 2016 est. NOTE: 1) The information regarding Cabo Verde on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. Agriculture - products: bananas, corn, beans, sweet potatoes, sugarcane, coffee, peanuts; fish Exports - commodities: fuel (re-exports), shoes, garments, fish, hides (2017 est.) exports of goods and services: 48.6% Commercial bank prime lending rate: (2014 est.) Imports: )country comparison to the world (CIA rank, may be based on non-current data): industry: 17.5% $836.1 million The government originally decided to focus on a transition to renewables in 2010, when it set a goal for the sector to produce 50% of all electricity by 2020. 99.688 $602.1 million 155 (2017 est.) Updated with October 2020 data. (2015 est.) (31 December 2017 est.) Imports: 98 (2016 est. 0.8% Stock of narrow money: Exchange rates: Cabo Verdean escudos (CVE) per US dollar - (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (31 December 2016 est. $39.9 million (2017 est.) $602.1 million (31 December 2010) ), Central bank discount rate: (2017 est.) $1.713 billion services: 73.7% Stock of direct foreign investment - abroad: $2.088 billion )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: (2017 est. [see also: Reserves of foreign exchange and gold country ranks ] 145 158 (31 December 2016 est. [see also: GDP - composition, by end use - investment in fixed capital country ranks ] 7.5% [see also: Imports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] (31 December 2016 est. Commercial bank prime lending rate: 101.8 99.688 $774 million Stock of domestic credit: 113 190 Exports: 145 (2016 est. Central bank discount rate: Creation of alternative sources of income and employment through economic activities linked to the sea. 99.426 $1.713 billion )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 99.426 (31 December 2017 est.) $39.9 million Cape Verde: Economic growth forecast: For that indicator, we provide data for Cape Verde from 1980 to 2024. Current account balance: Exports - commodities: fuel (re-exports), shoes, garments, fish, hides $6,800 Stock of domestic credit: Debt - external: (2017 est.) Stock of domestic credit: investment in inventories: 1.9% (2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] 158 75 (31 December 2017 est.) (2017 est.) $774 million )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. Exports - commodities: fuel (re-exports), shoes, garments, fish, hides )country comparison to the world (CIA rank, may be based on non-current data): 165 $39.9 million highest 10%: 40.6% (31 December 2017 est.) (2017 est.) [see also: GDP - composition, by end use - investment in fixed capital country ranks ] The fishing potential, mostly lobster and tuna, is not fully exploited. $602.1 million (2007 est. (31 December 2017 est.) 165 Stock of direct foreign investment - at home: (2017) 127.6% of GDP This page provides forecast and historical data, charts, statistics, news and updates for Cape Verde … $39.9 million )country comparison to the world (CIA rank, may be based on non-current data): 39 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Population below poverty line country ranks ], Household income or consumption by percentage share: )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 155 Exports: $1.735 billion [see also: GDP - composition, by end use - government consumption country ranks ] $39.9 million (2017) imports of goods and services: -51.1% [see also: Imports country ranks ] $836.1 million )country comparison to the world (CIA rank, may be based on non-current data): $774 million )country comparison to the world (CIA rank, may be based on non-current data): Incumbents. GDP - composition, by sector of origin: (31 December 2016 est. 158 99.426 Imports - partners: Portugal 43.9%, Spain 11.6%, Netherlands 6.1%, China 6.1% Imports - commodities: foodstuffs, industrial products, transport equipment, fuels 161 [see also: Stock of domestic credit country ranks ] 98, country comparison to the world (CIA rank, may be based on non-current data): 119 $572.7 million )country comparison to the world (CIA rank, may be based on non-current data): 127.6% of GDP 190 9% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Public debt country ranks ] $1.713 billion 113 (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) 0.8% Imports - commodities: foodstuffs, industrial products, transport equipment, fuels )country comparison to the world (CIA rank, may be based on non-current data): 9.61% The economy of Cape Verde shrank 18.2% year-on-year in the third quarter of 2020, following a record 31.7% plunge in the previous period. (31 December 2017 est.) -$40 million )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $148.4 million (31 December 2017 est.) investment in fixed capital: 32.2% )country comparison to the world (CIA rank, may be based on non-current data): ), Stock of domestic credit: [see also: Stock of direct foreign investment - at home country ranks ] Debt - external: $687.3 million 189, country comparison to the world (CIA rank, may be based on non-current data): [see also: Gross national saving country ranks ] 98 (2017 est.) 155 9.61% ), Debt - external: 101.8 (31 December 2016 est. (2017 est.) [see also: Stock of domestic credit country ranks ] [see also: Unemployment rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $774 million $1.688 billion $572.7 million Inflation rate (consumer prices): Exports - partners: Spain 45.3%, Portugal 40.3%, Netherlands 8.1% Stock of direct foreign investment - abroad: Budget surplus (+) or deficit (-): -3% (of GDP) Argument Cape Verde Is Emerging as a Global Pivot Point Tangled in a geopolitical, economic, and global health storm, these African islands have charted a course to break free. ), Imports - commodities: foodstuffs, industrial products, transport equipment, fuels, Imports - partners: Portugal 43.9%, Spain 11.6%, Netherlands 6.1%, China 6.1% (2017 est.) 7.5% [see also: Taxes and other revenues country ranks ] (2014 est.) (2017 est. [see also: Exports country ranks ] [see also: Public debt country ranks ] $687.3 million $602.1 million (31 December 2017 est.) [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2016 est. lowest 10%: 1.9% Please visit Travel Aware for the latest travel advice from (31 December 2017 est.)
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