STATISTICAL BULLETIN 20 YEARS

Transcription

1 STATISTICAL BULLETIN 20 YEARS Banco de Cabo Verde

2 STATISTICAL BULLETIN 20 YEARS Banco de Cabo Verde Banco de Cabo Verde

3 BANCO DE CABO VERDE Avenida Amílcar Cabral, 27 PO Box No Praia Cape Verde Tel: / Fax: Publishing and Design Department of Economic Studies and Statistics Printing and Distribution Department of Human Resources and Administration Edition 100 Copies 2 Banco de Cabo Verde

4 Index Presentation National Accounts and Inflation 1.a: Gross Domestic Product by Sector of Activity, at constant prices ( ) 8 1.b: Gross Domestic Product by Sector of Activity, at constant prices ( ) 9 2.a: Gross Domestic Product by Sector of Activity, at current prices ( ) 10 2.b: Gross Domestic Product by Sector of Activity, at current prices ( ) 11 3.a: Composition of Gross Domestic Product, at constant prices ( ) 12 3.b: Composition of Gross Domestic Product, at constant prices ( ) 13 4.a: Composition of Gross Domestic Product, at current prices ( ) 14 4.b: Composition of Gross Domestic Product, at current prices ( ) 15 5.a: Consumer Price Index ( ) 16 5.b: Consumer Price Index ( ) 16 5.c: Consumer Price Index ( ) 16 6.a: Average Rate of Change of CPI by Geographic Area ( ) 17 6.b: Average Rate of Change of CPI by Geographic Area ( ) 17 6.c: Average Rate of Change of CPI by Geographic Area ( ) 17 External Sector 7.a: Balance of Payments ( ) 20 7.b: Balance of Payments ( ) 21 8.a: Balance of Services ( ) 22 8.b: Balance of Services ( ) 23 9.a: Income Account ( ) 23 9.b: Income Account ( ) a: Current Transfers Balance ( ) b: Current Transfers Balance ( ) a: Imports by Economic Category ( ) b: Imports by Economic Category ( ) a: Exports by Product ( ) b: Exports by Product ( ) a: Geographical Distribution of Foreign Trade ( ) b: Geographical Distribution of Foreign Trade ( ) a: Emigrants' Remittances by Country of Origin ( ) b: Emigrants' Remittances by Country of Origin ( ) c: Emigrants Remittances by Municipalities ( ) a: Annual Average Exchange Rates ( ) 31 3 Banco de Cabo Verde

5 15.b: Annual Average Exchange Rates ( ) a: End of Period Exchange Rates ( ) b: End of Period Exchange Rates ( ) a: Nominal and Real Effective Exchange Rate indices of the Cape Verdean Escudo ( ) b: Nominal and Real Effective Exchange Rate indices of the Cape Verdean Escudo ( ) 33 Monetary and Financial Sector 18.a: Monetary Survey ( ) b: Monetary Survey ( ) a: Banco de Cabo Verde's Monetary Balance Sheet ( ) b: Banco de Cabo Verde's Monetary Balance Sheet ( ) a: Consolidated Balance Sheet of Deposit Banks ( ) b: Consolidated Balance Sheet of Deposit Banks ( ) 41 21: Credit by Sector of Activity ( ) a: Interest Rates Charged on Banking Transactions ( ) b: Interest Rates Charged on Banking Transactions ( ) c: Effective Interest Rates Charged on Banking Transactions ( ) a: Reference Interest Rates ( ) b: Reference Interest Rates ( ) 46 Public Finance 24.a: Central Government Expenditures ( ) b: Central Government Expenditures ( ) a: Central Government Revenues ( ) b: Central Government Revenues ( ) a: Central Government's Financial Transactions ( ) b: Central Government's Financial Transactions ( ) 54 4 Banco de Cabo Verde

6 Presentation Statistics is an important responsibility of Banco de Cabo Verde (BCV), with the Central Bank s regulations stipulating that BCV is responsible for pooling and preparing monetary, financial, foreign exchange and balance of payment statistics. In terms of the institution s internal organization, the Department of Economic Studies and Statistics is entrusted with the mission of compiling, analyzing and disseminating monetary, financial and external sector statistics. In the context of the information and knowledge society, besides their traditional responsibilities, namely the maintenance of price stability and an appropriate implementation of the monetary policy, central banks are increasingly assuming the role of producers and disseminators of information and knowledge, with emphasis on the economic and financial fields, where they play an important role of boosting the relations with the scientific and technical community both nationally and internationally. This Bulletin falls within this perspective. It is the result of work carried out by the Department of Economic Studies and Statistics which brings together the most relevant statistics on the four sectors of the economy real, monetary, public finance and external with series from the beginning of the 1990s to the late These statistics were produced by Banco de Cabo Verde, National Statistics Institute and the Ministry of Finance. With its publication, the goal is to fill a large gap that currently exists in terms of availability of statistical data, whose importance is growing, given the greater complexity of the functioning of Cape Verde s economy both internally and in its relations with the outside world and the challenges related to deeper understanding of applied economics in the country, which is an essential condition to, among other things, improve the efficiency and effectiveness with which economic policy authorities and economic agents perform. Moreover, in the context of increasing internationalization of Cape Verde s economy, the publication of macroeconomic statistics, compiled in accordance with the best international practices, is also very important in the promotion of the country with its main economic partners. 5 Banco de Cabo Verde

7 National Accounts and Inflation 6 Banco de Cabo Verde

8 7 Banco de Cabo Verde

9 Table 1.a: Gross Domestic Product by Sector of Activity At 1980 constant prices in million Cape Verdean escudos PRIMARY SECTOR 1.303, , , , , , , , , ,2 Agriculture, animal husbandry, silviculture 1.081, , , , , ,1 983,8 921, , ,7 Fishing 128,6 98,9 124,8 151,2 165,4 148,2 135,6 142,0 152,3 165,6 Extractive industries 94,1 107,2 116,3 114,0 127,3 129,7 132,1 137,0 137,5 135,9 SECONDARY SECTOR 1.896, , , , , , , , , ,1 Freezing and conservation of fish 48,0 18,6 20,1 19,1 20,9 30,5 34,1 30,1 28,6 26,9 Other food industries 220,7 223,0 228,6 259,1 274,9 322,0 367,6 360,5 370,4 355,1 Tobacco 6,4 3,2 31,3 24,7 16,3 18,7 11,2 42,2 25,5 18,1 Mechanics and ship repair 20,0 33,5 38,8 19,4 24,1 59,5 19,1 37,6 43,8 14,3 Carpentry 93,7 102,6 87,3 106,1 110,9 128,4 116,0 148,6 160,3 180,3 Other manufacturing industries 97,9 94,0 140,0 166,9 216,5 256,3 292,6 273,6 289,0 251,5 Electricity and water 69,3 96,8 107,2 105,6 158,9 177,3 239,0 260,6 204,0 314,1 Construction 1.340, , , , , , , , , ,7 TERTIARY SECTOR 5.848, , , , , , , , , ,2 Trade 2.085, , , , , , , , , ,5 Hotels and restaurants 119,2 123,4 160,3 168,9 151,8 173,1 287,8 371,4 401,2 525,2 Road transportation 275,9 281,1 377,7 423,3 429,3 491,8 491,0 523,7 555,5 652,9 Ship transportation 265,8 278,0 287,2 284,8 216,7 245,1 453,0 468,3 613,6 645,8 Air transportation 236,2 271,1 224,7 404,8 407,1 405,3 343,5 594,9 630,1 603,2 Services to transportation sector 280,7 306,6 279,6 291,9 333,7 348,8 422,7 440,9 466,8 494,5 Communications 290,6 373,2 468,2 523,1 577,4 617,8 796,3 987, , ,1 Banks and insurance 151,9 127,7 207,0 202,4 362,4 380,8 536,7 682,9 603,9 494,7 Housing and places 739,4 781,2 821,0 851,5 897,7 942, , , , ,7 Governmental services 1.263, , , , , , , , , ,7 Other services 139,7 136,3 175,2 191,2 221,4 199,3 212,1 255,0 276,8 296,9 Non imputed bank services 139,7 127,1 217,7 159,0 273,0 308,9 476,8 557,1 453,3 382,8 Duties and taxes / imports 751,0 864,3 843, , , , , , , ,6 TOTAL 9.660, , , , , , , , , ,3 Source: National Statistics Institute 8 Banco de Cabo Verde

10 Table 1.b: Gross Domestic Product by Sector of Activity At 1980 constant prices in million Cape Verdean escudos PRIMARY SECTOR 1.800, , , , , , ,9 Agriculture, animal husbandry, silviculture 1.514, , , , , , ,4 Fishing 127,4 123,2 144,4 158,7 153,3 172,8 165,7 Extractive industries 158,5 164,6 177,4 188,6 206,2 237,9 260,8 SECONDARY SECTOR 2.948, , , , , , ,4 Freezing and conservation of fish 14,1 27,5 23,3 23,7 32,5 25,6 18,8 Other food industries 226,0 215,3 203,2 191,5 172,9 171,9 245,5 Tobacco 33,4 28,1 18,8 14,3 13,5 11,3 17,1 Mechanics and ship repair 21,4 13,2 10,5 14,7 10,2 8,1 9,0 Carpentry 182,9 199,5 222,0 204,7 234,7 250,5 262,0 Other manufacturing industries 232,1 216,6 222,1 209,3 251,6 236,8 195,8 Electricity and water 346,8 441,1 490,1 663,0 576,6 705,7 587,4 Construction 1.892, , , , , , ,8 TERTIARY SECTOR , , , , , , ,8 Trade 3.774, , , , , , ,2 Hotels and restaurants 677,5 666,2 817,0 920, , , ,3 Road transportation 674,9 857,4 886, , , , ,6 Ship transportation 465,4 511,2 182,2 194,5 271,7 271,8 489,5 Air transportation 742,4 271,9 742,9 722,4 588,0 684,1 460,8 Services to transportation sector 595,7 549,5 468,0 465,2 513,9 574,9 813,0 Communications 1.696, , , , , , ,1 Banks and insurance 582,7 616,1 589,7 594,8 577,3 736,2 920,4 Housing and places 1.238, , , , , , ,5 Governmental services 2.332, , , , , , ,9 Other services 313,0 309,1 334,9 355,5 452,0 495,2 516,6 Non imputed bank services 401,0 457,5 514,2 540,1 555,2 657,8 910,2 Duties and taxes / imports 2.027, , , , , , ,5 TOTAL , , , , , , ,4 Source: National Statistics Institute 9 Banco de Cabo Verde

11 Table 2.a: Gross Domestic Product by Sector of Activity At current prices in million Cape Verdean escudos PRIMARY SECTOR 3.276, , , , , , , , , ,2 Agriculture, animal husbandry, silviculture 2.592, , , , , , , , , ,7 Fishing 473,8 362,7 544,5 644,8 663,0 860,0 718,5 910, , ,9 Extractive industries 211,0 224,5 275,1 294,9 388,5 457,2 403,9 493,7 858,2 591,5 SECONDARY SECTOR 4.675, , , , , , , , , ,6 Freezing and conservation of fish 65,8 76,1 71,0 72,1 57,0 105,2 100,0 102,2 116,5 99,7 Other food industries 743,7 797,5 871, , , , , , , ,8 Tobacco 245,5 287,0 329,1 267,6 142,7 160,8 87,8 407,4 401,9 459,5 Mechanics and ship repair 80,1 124,3 159,7 97,9 138,5 310,1 142,9 223,2 273,8 106,0 Carpentry 286,9 301,0 313,0 356,9 382,9 447,0 414,6 446,5 492,3 545,9 Other manufacturing industries 238,6 247,3 312,5 464,3 576,5 712,0 821,1 896,6 942,8 910,2 Electricity and water 325,6 358,0 382,0 443,1 660,2 791,9 887, ,8 938,7 986,3 Construction 2.688, , , , , , , , , ,2 TERTIARY SECTOR , , , , , , , , , ,9 Trade 4.046, , , , , , , , , ,9 Hotels and restaurants 317,5 319,0 423,2 454,7 456,0 533,7 957, , , ,0 Road transportation 815,9 836, , , , , , , , ,0 Ship transportation 365,0 381,5 394,3 439,7 304,1 291,6 494,8 526,7 652,0 661,6 Air transportation 648,5 927,8 799, , , , , , , ,8 Services to transportation sector 1.200, , , , , , , , , ,4 Communications 736,0 893, , , , , , , , ,9 Banks and insurance 474,7 443,7 754,6 747, , , , , , ,7 Housing and places 1.702, , , , , , , , , ,8 Governmental services 2.922, , , , , , , , , ,7 Other services 401,2 390,1 590,7 668,9 831,3 832,3 934, , , ,9 Non imputed bank services 404,3 379,6 717,7 535,6 998, , , , , ,9 Duties and taxes / imports 1.752, , , , , , , , , ,9 TOTAL , , , , , , , , , ,6 Source: National Statistics Institute 10 Banco de Cabo Verde

12 Table 2.b: Gross Domestic Product by Sector of Activity At current prices in million Cape Verdean escudos PRIMARY SECTOR 8.601, , , , , , ,3 Agriculture, animal husbandry, silviculture 6.754, , , , , , ,9 Fishing 1.184,1 940, , ,0 981, , ,2 Extractive industries 663, , , , , , ,3 SECONDARY SECTOR 8.914, , , , , , ,8 Freezing and conservation of fish 82,2 150,9 133,8 86,1 161,9 128,3 125,5 Other food industries 947, , , , , , ,4 Tobacco 243,2 210,6 168,7 151,2 101,6 84,2 135,4 Mechanics and ship repair 148,2 100,8 83,7 107,0 107,5 90,8 107,5 Carpentry 640,4 684,9 756,7 642,4 719,2 782,6 866,8 Other manufacturing industries 835,8 875,5 946,2 889,3 988, ,6 951,9 Electricity and water 873,4 406, , ,8 704,6 337,7 183,8 Construction 5.143, , , , , , ,4 TERTIARY SECTOR , , , , , , ,0 Trade , , , , , , ,4 Hotels and restaurants 1.694, , , , , , ,3 Road transportation 4.537, , , , , , ,4 Ship transportation 483,4 520,6 258,9 262,8 424,5 525,5 745,4 Air transportation 2.978, , , , , , ,6 Services to transportation sector 3.707, , , , , , ,4 Communications 4.270, , , , , , ,1 Banks and insurance 3.053, , , , , , ,9 Housing and places 3.726, , , , , , ,9 Governmental services 8.769, , , , , , ,2 Other services 1.518, , , , , , ,4 Non imputed bank services 1.906, , , , , , ,6 Duties and taxes / imports 7.013, , , , , , ,5 TOTAL , , , , , , ,0 Source: National Statistics Institute 11 Banco de Cabo Verde

13 Table 3.a: Composition of Gross Domestic Product At 1980 constant prices in million Cape Verdean escudos Production Approach (+) Gross Value Added 9.048, , , , , , , , , ,5 (+) Unimputed Bank Services 139,7 127,1 217,7 159,0 273,0 308,9 476,8 557,1 453,3 382,8 (+) Customs Duties 751,0 864,3 843, , , , , , , ,6 = Gross Domestic Product 9.660, , , , , , , , , ,3 Expenditure Approach (+) Final Consumption , , , , , , , , , ,8 (+) Gross Fixed Capital Formation 3.894, , , , , , , , , ,8 (+) Change in Inventories 350,8 276,9 254,5 184,8 149,6 202,7 214,2 13,5 594,8 180,2 (+) Exports 1.496, , , , , , , , , ,8 ( ) Imports 6.386, , , , , , , , , ,9 = Gross Domestic Product 9.660, , , , , , , , , ,3 Income Approach Gross Domestic Product at 9.660, , , , , , , , , ,3 ( ) Indirect Taxes and Customs 884, ,0 967, , , , , , , ,9 (+) Operating Grants 41,4 25,5 34,5 27,7 30,0 47,5 53,3 40,4 0,5 9,8 = Gross Domestic Product at 8.816, , , , , , , , , ,2 Source: National Statistics Institute 12 Banco de Cabo Verde

14 Table 3.b: Composition of Gross Domestic Product At 1980 constant prices in million Cape Verdean escudos Production Approach (+) Gross Value Added , , , , , , ,1 (+) Unimputed Bank Services 401,0 457,5 514,2 540,1 555,2 657,8 910,2 (+) Customs Duties 2.027, , , , , , ,5 = Gross Domestic Product , , , , , , ,4 Expenditure Approach (+) Final Consumption , , , , , , ,1 (+) Gross Fixed Capital Formation 6.939, , , , , , ,5 (+) Change in Inventories 6,3 164,5 32,9 5,3 89,6 305,6 30,1 (+) Exports 4.641, , , , , , ,2 ( ) Imports , , , , , , ,3 = Gross Domestic Product , , , , , , ,4 Income Approach Gross Domestic Product at Market , , , , , , ,4 ( ) Indirect Taxes and Customs 2.172, , , , , , ,6 (+) Operating Grants 5,0 0,7 20,5 1,1 11,4 7,2 1,6 = Gross Domestic Product at Factor , , , , , , ,4 Source: National Statistics Institute 13 Banco de Cabo Verde

15 Table 4.a: Composition of Gross Domestic Product At current prices in million Cape Verdean escudos Production Approach (+) Gross Value Added , , , , , , , , , ,6 (+) Unimputed Bank Services 404,3 379,6 717,7 535,6 998, , , , , ,9 (+) Customs Duties 1.752, , , , , , , , , ,9 = Gross Domestic Product , , , , , , , , , ,6 Expenditure Approach (+) Final Consumption , , , , , , , , , ,1 (+) Gross Fixed Capital Formation 8.860, , , , , , , , , ,9 (+) Change in Inventories 906,9 253,2 292,1 238,5 763,3 667,4 829,0 116, ,9 164,6 (+) Exports 3.782, , , , , , , , , ,7 ( ) Imports , , , , , , , , , ,7 = Gross Domestic Product , , , , , , , , , ,6 Income Approach Gross Domestic Product at Market Prices , , , , , , , , , ,6 ( ) Indirect Taxes and Customs Duties 2.139, , , , , , , , , ,1 (+) Operating Grants 119,9 76,2 113,8 93,2 109,8 184,0 222,4 174,4 2,2 45,1 = Gross Domestic Product at Factor Costs , , , , , , , , , ,6 ( ) Remunerations 9.739, , , , , , , , , ,5 = Gross Operating Surplus , , , , , , , , , ,1 Source: National Statistics Institute 14 Banco de Cabo Verde

16 Table 4.b: Composition of Gross Domestic Product At current prices in million Cape Verdean escudos Production Approach (+) Gross Value Added , , , , , , ,1 (+) Unimputed Bank Services 1.906, , , , , , ,6 (+) Customs Duties 7.013, , , , , , ,5 = Gross Domestic Product , , , , , , ,0 Expenditure Approach (+) Final Consumption , , , , , , ,3 (+) Gross Fixed Capital Formation , , , , , , ,2 (+) Change in Inventories 6,3 88,6 62,9 434,5 196,7 595,0 572,8 (+) Exports , , , , , , ,9 ( ) Imports , , , , , , ,2 = Gross Domestic Product , , , , , , ,0 Income Approach Gross Domestic Product at Market Prices , , , , , , ,0 ( ) Indirect Taxes and Customs Duties 7.737, , , , , , ,2 (+) Operating Grants 23,8 3,4 100,0 5,4 54,4 36,6 8,4 = Gross Domestic Product at Factor Costs , , , , , , ,3 ( ) Remunerations , , , , , , ,7 = Gross Operating Surplus , , , , , , ,6 Source: National Statistics Institute 15 Banco de Cabo Verde

17 Table 5.a: Consumer Price Index 1989= Average 116,0 122,1 129,2 133,6 144,8 153,4 166,5 173,8 181,4 176,9 January 119,0 124,2 131,0 140,8 144,6 159,6 169,5 181,4 176,6 February 121,0 124,9 129,5 140,8 145,5 163,4 169,4 183,2 175,9 March 120,0 125,6 129,5 141,3 147,7 164,2 167,8 180,5 173,9 April 122,0 126,3 131,4 140,8 149,4 165,7 168,9 179,5 175,4 May 122,0 126,8 133,2 143,6 160,5 165,2 172,0 180,4 175,7 June 122,0 129,3 133,8 143,0 152,2 167,1 171,4 180,7 175,8 July 122,0 131,5 134,8 149,7 152,4 168,8 172,1 183,2 175,5 August 122,0 135,4 136,1 150,7 157,7 170,8 175,8 183,8 180,7 September 122,0 135,6 135,7 149,2 159,3 171,3 178,7 184,1 179,6 October 124,0 129,5 135,6 147,1 157,1 166,3 179,1 181,9 179,0 November 123,0 129,2 135,8 145,6 156,7 167,6 179,1 178,9 177,5 December 126,0 131,5 136,9 144,6 157,7 168,3 182,3 179,5 177,6 Source: National Statistics Institute Quadro 5.b: Consumer Price Index 1989= Average 182,8 186,3 188,5 184,9 185,7 195,7 204,4 January 173,8 183,0 189,5 184,7 183,8 189,6 199,1 February 174,1 182,8 190,8 183,9 183,0 190,1 199,2 March 179,6 183,8 189,9 184,6 183,0 191,6 199,6 April 181,9 184,1 188,9 183,8 183,1 194,4 201,2 May 182,6 186,0 188,6 185,1 182,5 195,9 201,8 June 182,1 185,6 188,9 184,2 183,9 196,8 204,5 July 184,3 185,9 189,4 185,1 186,1 196,9 205,8 August 188,7 187,3 189,1 186,1 189,7 198,6 209,8 September 189,7 188,9 188,9 186,0 189,9 196,9 208,6 October 187,5 188,3 186,4 185,3 187,7 196,9 206,8 November 185,0 189,3 185,4 185,0 187,2 200,0 207,7 December 185,0 190,5 186,2 185,6 188,8 200,4 209,2 Source: National Statistics Institute Quadro 5.c: Consumer Price Index 2007= Average 106,8 107,8 110,1 January 102,2 108,2 108,3 February 102,9 109,1 108,6 March 103,7 108,0 108,9 April 105,2 107,0 109,3 May 105,2 107,2 109,3 June 106,8 106,9 110,0 July 108,3 107,5 110,2 August 108,9 108,2 111,4 September 109,8 108,5 111,4 October 111,1 107,6 111,0 November 109,0 107,9 110,9 December 108,4 108,0 111,7 Source: National Statistics Institute 16 Banco de Cabo Verde

18 Table 6.a: Average Rate of Change of CPI by Geographic Area 1989=100 In percentage Praia 7,6 2,5 10,6 2,3 8,2 5,9 7,7 3,6 7,6 0,9 São Vicente 5,8 5,2 3,6 5,4 7,2 6,9 4,1 3,7 3,6 0,6 Rural Areas 7,0 5,2 5,0 3,2 8,8 5,9 10,3 4,6 2,7 3,3 National 6,4 5,2 5,9 3,3 8,4 6,0 8,7 4,3 3,9 2,4 Source: National Statistics Institute Table 6.b: Average Rate of Change of CPI by Geographic Area 1989=100 In percentage Praia 3,3 1,6 1,1 2,2 0,2 5,6 São Vicente 4,5 2,6 3,3 0,1 0,7 3,2 Rural Areas 3,6 1,9 0,7 2,3 0,4 5,8 National 3,7 1,9 1,2 1,9 0,4 5,4 Source: National Statistics Institute Table 6.c: Average Rate of Change of CPI by Geographic Area 2007=100 In percentage Santo Antão 12,2 2,1 3,0 S. Vicente 7,2 1,5 1,9 Santiago 6,0 1,5 2,0 National 6,8 1,0 2,1 Source: National Statistics Institute 17 Banco de Cabo Verde

19 External Sector 18 Banco de Cabo Verde

20 19 Banco de Cabo Verde

21 Table 7.a: Balance of Payments 1/ in million Cape Verdean escudos Current Account 530,3 838, , , , , , ,1 Goods 8.180, , , , , , , ,6 General Goods 8.840, , , , , , , ,0 Goods for Processing 0,0 0,0 0,0 0,0 0,0 0,0 0,0 51,0 Repair of goods 56,9 16,4 127,6 154,2 160,0 262,7 145,8 201,5 Goods Acquired in Ports by Transportation Companies 611,4 430,7 271,1 592,3 461,7 517, , ,9 Services 953,1 950,4 860, ,7 477,4 613, ,1 400,2 Transportation 623,0 552,8 794,5 841,6 674,5 606, ,9 514,0 Travels 96,4 29,4 60,2 234,9 500,6 542,2 208,5 340,5 Income 52,4 75,2 25,4 49,4 202,6 355,6 334,2 542,9 Labor Income 109,8 96,9 169,8 158,6 85,4 82,5 48,8 136,7 Investment Income 57,5 21,8 144,4 208,0 288,0 438,1 383,0 679,6 Current Transfers 6.645, , , , , , , ,5 Public Transfers 2.519, , , , , , , ,1 Private Transfers 4.125, , , , , , , ,5 Emigrants' Remittances 4.125, , , , , , , ,8 Capital and Financial Transactions Account 1.541, , , , , , , ,9 Capital Account 555,9 623, , , , ,8 587, ,9 Capital Transfers 555,9 623, , , , ,8 587, ,9 Public 555,9 623, , , , ,8 587, ,9 Financial Transactions Account 985,6 865,8 950, , , , , ,0 Direct Investment in Cape Verde 124,5 30,6 293,1 174, , , ,7 859,9 Other Investments 900,0 917,1 710, ,0 872,7 942, , ,1 Assets 498,9 38,9 543,1 131,6 128,0 185,5 167, ,9 of which TRUST FUND 2/ 2.794,5 Liabilities 401,1 878, , , , , , ,9 Reserve Assets 1.379, ,8 924, , , ,8 916,7 816,4 Errors and Omissions 2.390,5 605,7 421,8 948, ,2 113, , ,5 By memory Current Account + Capital Account 25,6 214,7 447, , , , , ,2 Source: Banco de Cabo Verde Notes: 1 / The balance of payments began to be compiled according to the International Monetary Fund's (IMF) V Balance of Payments Manual in Statistics from 1990 to 1998, which were previously compiled according to the IMF's IV Manual, were converted to ensure data comparability. 2 / The International Support for Cape Verde Stabilization Trust Fund was established in 1998 with funds from privatization of public enterprises and the help of foreign par 20 Banco de Cabo Verde

22 Table 7.b: Balance of Payments 1/ in million Cape Verdean escudos P 2009 P 2010 P Current Account 8.476, , , , , , , , , , , ,0 Goods , , , , , , , , , , , ,8 Exports 2.696, , , , , , , , , , , ,0 Imports , , , , , , , , , , , ,8 Services 1.815,1 813, , , , , , , , , , ,3 Exports , , , , , , , , , , , ,7 Air Transportation 4.169, , , , , , , , , , , ,0 Leisure Travels 2.900, , , , , , , , , , , ,8 Imports , , , , , , , , , , , ,5 Income 918, ,0 746, , , , , , , , , ,9 Investment Income 997, ,0 858, , , , , , , , , ,8 Income from FDI 199,3 608,9 172,7 534,0 336,9 334,0 969, , , , , ,3 TRUST FUND Interest 0,0 0,0 0,5 0,0 0,0 0,0 363,3 344,0 383,7 398,1 467,0 518,1 Public External Debt Interest 385,9 558,5 478,1 719,3 514,4 549,4 550,8 521,9 519,3 525,4 548,4 667,5 Private External Debt Interest 478,9 860,0 731, , , , , , , , , ,2 Current Transfers , , , , , , , , , , , ,5 Official Transfers 5.028, , , , , , , , , , , ,2 Emigrants' Remittances 8.070, , , , , , , , , , , ,3 Capital and Financial Transactions Account 7.405, , , , , , , , , , , ,9 Capital Account 1.281, , , , , , , , , , , ,8 Financial Account 6.123, , , , , , , , , , , ,1 Direct Investment 6.327, , , , , , , , , , , ,1 Portfolio Investment 292,9 13,4 180,5 0,0 0,0 0,0 0,0 13,4 290,1 10,0 450,6 0,4 Other Investments 3.368,0 283, , , , ,5 574,8 22, , , , ,6 Assets 3.286, ,2 75,9 299,0 805,9 814, , ,4 734, , ,9 564,0 TRUST FUND 2.238, ,7 155,3 0,0 536,6 0,0 200,0 0,0 0,0 0,0 0,0 0,0 Liabilities 6.654, , , , , , , , , , , ,6 Monetary Authority 0,0 0,0 0,0 365,3 312,8 296,5 379,9 63,4 79,1 90,2 153,5 78,1 Public External Debt 5.376, , , , ,6 517, , , , , , ,6 Long Term 4.194, , , , ,8 517, , , , , , ,6 Disbursements 5.140, , , , , , , , , , , ,5 Reimbursements 945, , , , , , , , , , , ,9 Short Term 1.181, ,0 760,0 0,0 0,3 0,0 0,0 0,0 0,0 0,0 0,0 0,0 Banks 449,9 364,2 67,8 42,5 293,5 681, , ,5 588,3 133,6 149,3 427,9 Other Sectors 438,4 866, , ,3 798, ,8 358,8 57, ,8 403, , ,8 Long Term 432,9 657, , , , , , , ,8 389, , ,0 Short Term 79,9 209,3 299,5 26,0 549,9 700,2 998, , ,0 13,7 0,0 3,8 Currency and Deposits 0,0 0,0 0,0 0,0 0,0 24, ,9 588, ,1 440,4 727,6 958,5 Reserve Assets 3.864, , , ,1 102, , , , , ,0 444, ,1 Errors and Omissions 1.071,2 433, , , , ,8 24,1 757,9 172, , , ,8 by memory: Current Account + Capital Account 7.194, , , , , , , , , , , ,2 Source: Banco de Cabo Verde Notes: 1 / The balance of payments began to be compiled according to the International Monetary Fund's (IMF) V Balance of Payments Manual in Statistics from 1990 to 1998, which were previously compiled according to the IMF's IV Manual, were converted to ensure data comparability. P: Provisional 21 Banco de Cabo Verde

23 Table 8.a: Balance of Services in million Cape Verdean escudos Services 953,1 950,4 860, ,7 477,4 613, ,1 400,3 Transportation 623,0 552,8 794,5 841,6 674,5 606, ,9 514,0 Ship Transportation 630,4 610,7 650,9 87,4 353, ,7 632, ,5 Air Transportation 7,4 58,0 143,7 754, , , , ,5 Travels 96,4 29,4 60,2 234,9 500,6 542,2 208,5 340,4 Business Travels 672,1 634,2 730,3 554,6 288,4 Personal Travels 437,2 133,6 188,2 346,2 52,0 Leisure Travels 645,9 432,9 555,4 953,6 549,4 Communication Services 264,3 170,5 263,9 439,6 455,9 356,7 279,8 402,3 Construction and Public Works Services 51,7 60,4 82,8 5,9 158,8 134,6 178,1 55,2 Insurance Services 180,0 Financial Services (excluding insurance) 41,0 Computer and Information Services 474,0 Royalties and license fees 0,6 3,6 10,5 2,8 5,0 1,3 32,1 31,9 Other Business Services 151,8 197,0 164,4 255,6 571,5 292,5 583,8 958,9 Personal, Cultural and Leisure Services 10,6 Governmental Services 70,0 389,5 119,7 235,0 265,3 351,9 595,4 665,0 Source: Banco de Cabo Verde Table 8.b: Balance of Services in million Cape Verdean escudos Services 1.815,1 813, , , , , , , , , , ,3 Transportation 126,4 18,5 60,2 673,2 678,8 709,4 679,3 337,0 147,1 66, , ,2 Ship Transportation 2.555, , , , , , , , , , , ,0 Air Transportation 2.429, , , , , , , , , , , ,2 Travels 1.241,4 523,5 868,4 532, , , , , , , , ,3 Business Travels 493,8 489,4 565,1 739,4 765,5 416,2 502,3 870, , , , ,5 Personal Travels 747, , , , , , , , , , , ,8 Leisure Travels 55, , , , , , , , , , , ,6 Communication Services 297,7 773,6 809,6 914, , , , , , , , ,8 Construction and Public Works Services 52,8 1,7 19,9 7,2 8,0 0,0 0,3 0,0 9,2 0,6 56,5 170,4 Insurance Services 81,4 246,0 150,9 487,8 394,7 488,0 374,9 481,8 672,7 607,4 613,3 873,0 Financial Services (excluding insurance) 260,1 17,7 338,0 77,8 171,4 220,5 288,1 135,4 24,5 25,3 74,5 115,3 Computer and Information Services 466,3 371,8 228,6 285,8 284,9 327,4 418,6 312,6 706,9 367,0 381,3 402,7 Royalties and license fees 14,8 0,3 0,5 45,3 2,7 23,1 6,1 0,2 100,1 2,4 0,0 28,4 Other Business Services 366,9 275,3 69,5 212,6 271,8 467, , , , ,8 999, ,6 Personal, Cultural and Leisure Services 52,1 22,0 52,3 81,7 25,8 23,5 56,3 61,5 13,8 38,3 47,8 144,2 Governmental Services 549,2 432,0 459,9 473,2 707,9 499,2 768, , , ,4 275,6 768,6 Source: Banco de Cabo Verde 22 Banco de Cabo Verde

24 Table 9.a: Income Account in million Cape Verdean escudos Income 52,4 75,2 25,4 49,4 202,5 355,6 334,2 542,9 Labor Income 109,8 96,9 169,8 158,6 85,4 82,5 48,8 136,8 Investment Income 57,5 21,8 144,4 208,0 288,0 438,1 383,0 679,7 Direct Investment Income 230,6 Equity Income 204,5 Distributed profits 224,8 Other Investments 57,5 21,8 144,4 208,0 288,0 438,1 383,0 449,0 External Debt Interest Government 0,0 0,0 0,0 272,9 270,0 260,1 323,7 287,4 Source: Banco de Cabo Verde Table 9.b: Income Account in million Cape Verdean escudos Income 918, ,0 746, , , , , , , , , ,9 Labor Income 78,5 102,0 111,6 14,8 37,2 20,1 205,7 10,7 84,6 113,0 346,5 82,2 Investment Income 997, ,0 858, , , , , , , , , ,8 Direct Investment Income 199,3 608,9 172,7 534,0 336,9 334, , , , , , ,3 Equity Income 199,3 608,9 161,7 534,0 336,9 334, , , , , , ,1 Distributed profits 199,3 448,2 101,6 534,0 253,4 311, , , , , , ,8 Reinvested earnings 0,0 160,7 60,1 0,0 83,5 22,6 216,6 480,2 797,4 198,0 177,4 1,2 Other (interest from foreign subsidiary) 0,0 0,0 11,5 0,0 0,0 0,0 0,3 0,0 43,0 0,0 6,6 65,9 Income from Portfolio Investment 0,0 99,6 400,6 503,4 599,2 780,9 603,9 358,8 322,3 377,6 62,2 508,4 Equity Income 0,0 99,6 402,8 503,4 508,4 638,6 398,1 344,0 383,7 398,1 467,0 518,1 Other Investments 797, , , , , , , ,0 550,7 994,6 979, ,9 External Debt Interest Government 385,9 558,5 478,1 719,3 514,4 549,4 964,0 489,3 519,3 525,4 548,4 667,5 Source: Banco de Cabo Verde 23 Banco de Cabo Verde

25 Table 10.a: Current Transfers Balance in million Cape Verdean escudos Current Transfers 6.645, , , , , , , ,5 Public Transfers 2.519, , , , , , , ,1 Foreign Currency 2.710, , , , , , , ,1 Foodstuffs 1.307,0 584, , , , , , ,3 Private Transfers 4.125, , , , , , , ,1 Emigrants' Remittances 4.125, , , , , , , ,8 Other Transfers 329,9 284,5 363,8 44, ,7 Source: Banco de Cabo Verde Table 10.b: Current Transfers Balance in million Cape Verdean escudos Current Transfers , , , , , , , , , , , ,5 Public Transfers 5.028, , , , , , , , , , , ,8 Foreign Currency 2.462, , , , , , , , , , , ,2 Foodstuffs 535,4 709,5 391,9 925,4 867,0 590,5 178,6 540,9 398,4 468,5 415,2 390,6 Private Transfers , , , , , , , , , , , ,8 Emigrants' Remittances 8.070, , , , , , , , , , , ,2 Other Transfers 3.266, , , , , , , , , , , ,3 Source: Banco de Cabo Verde 24 Banco de Cabo Verde

26 Table 11.a: Imports by Economic Category in million Cape Verdean escudos Consumer Goods 8.813, , , ,3 Basic foodstuffs 1.822, , , ,2 Processed foods 4.501, , , ,1 Transportation equipment 555,0 653, , ,9 Other consumer durables 651,3 670,6 763,3 856,3 Other consumer semi durables 504,4 771,1 712,4 776,6 Other consumer non durables 778, ,7 950, ,2 Intermediate Goods 4.604, , , ,9 Basic foodstuffs 318,6 221,9 180,3 294,6 Processed foods 99,9 77,8 109,4 155,4 Unspecified primary products 65,6 79,5 109,4 111,3 Goods processed by agriculture 15,5 16,2 14,3 4,9 Goods processed by Food industry 123,5 165,9 168,9 162,2 Goods processed by clothing and footwear 116,5 100,7 106,7 99,6 Goods processed by various industries 197,2 244,8 251,2 261,4 Goods processed by construction 1.664, , , ,5 Goods processed by carpentry 546,3 588,1 786,8 711,2 Electrical Equipment 561,5 561,4 818,3 744,7 Unspecified processed goods, n.s. 798,5 838,6 996, ,8 Parts and accessories for transportation equipment 97,1 115,9 149,4 146,2 Capital Goods 4.648, , , ,1 Machinery 2.027, , , ,6 Means of transportation 2.057,1 794, , ,9 Engines 564,1 285,9 490,5 477,6 Fuels 1.131,1 973, , ,5 Gasoline 115,4 101,0 121,5 196,4 Lubricating oil 141,4 150,0 181,4 138,0 Fuel oil 116,2 57,8 176,5 87,8 Diesel oil 554,5 482,7 677,9 922,6 Propane, butane and natural gas 203,5 181,7 216,6 265,8 Miscellaneous goods (n.s.) 2.739, , , ,7 Grand Total , , , ,5 Source: Directorate General of Customs Notes: n.s.: not specified 25 Banco de Cabo Verde

27 Table 11.b: Imports by Economic Category in million Cape Verdean escudos Consumer Goods , , , , , , , , , ,9 Basic foodstuffs 1.458, , , , , , , , , ,0 Processed foods 7.253, , , , , , , , , ,8 Transportation equipment 1.555, , , , , , , , , ,8 Other consumer durables 763, , , , , , , , , ,0 Other consumer semi durables 830,3 955,4 905,5 867,3 842, ,9 952, , ,1 998,9 Other consumer non durables 1.159, , , , , , , , , ,5 Intermediate Goods 6.457, , , , , , , , , ,7 Basic foodstuffs 372,3 207,5 197,8 709,8 284,3 457,3 531,1 675,2 349,0 397,7 Processed foods 85,9 132,9 127,3 123,1 214,1 188,9 205,5 282,6 383,1 296,2 Unspecified primary products 111,9 89,6 92,0 95,4 116,5 88,6 279,6 358,4 327,6 276,1 Goods processed by agriculture 15,4 13,1 17,7 20,7 21,2 30,3 30,9 32,1 41,9 29,1 Goods processed by Food industry 139,4 145,2 135,4 143,5 117,7 163,6 176,6 214,8 217,3 249,9 Goods processed by clothing and footwear 108,6 142,3 97,0 124,5 135,4 112,2 142,1 140,2 109,7 99,6 Goods processed by various industries 259,3 317,9 300,9 277,1 344,8 320,6 339,9 444,3 454,9 476,6 Goods processed by construction 2.172, , , , , , , , , ,3 Goods processed by carpentry 805,0 745,6 964,0 890, , , , ,6 958, ,5 Electrical Equipment 907, ,1 613,7 642,0 768,8 995, , , , ,0 Unspecified processed goods, n.s , , , , , , , , , ,2 Parts and accessories for transportation equipment 174,5 180,4 104,1 181,9 206,8 268,7 333,6 293,2 248,5 332,6 Capital Goods 5.020, , , , , , , , , ,8 Machinery 2.876, , , , , , , , , ,6 Means of transportation 1.481, , , , , , , , , ,0 Engines 663, ,8 423,6 347,1 470,3 657,0 337,2 255,7 581,8 468,2 Fuels 1.632, , , , , , , , , ,3 Gasoline 229,5 378,1 267,1 262,2 253,2 457,4 657,6 825,6 378,3 546,1 Lubricating oil 163,1 173,2 152,1 157,8 231,4 1,6 2,1 1,9 1,8 2,3 Fuel oil 147,5 236,8 514,6 607,1 549,3 791,8 791, , , ,7 Diesel oil 1.043, , , , , , , , , ,6 Propane, butane and natural gas 49,0 1, ,1 475,7 398,0 4,3 18,4 9,8 13,2 10,7 Miscellaneous goods (n.s.) 2.562, , , , , , , , , ,4 Grand Total , , , , , , , , , ,0 Source: Directorate General of Customs Notes: n.s.: not specified 26 Banco de Cabo Verde

28 Table 12.a: Exports by Product in million Cape Verdean escudos Traditional Products 224,6 297,0 231,1 200,7 166,2 170,8 261,9 182,2 188,3 90,1 Agricultural Products 117,6 92,4 36,3 4,2 3,1 0,0 0,0 1,3 3,7 0,0 Seafood Products 107,0 204,5 194,8 196,5 163,1 170,8 261,9 180,9 184,6 90,1 Canned 8,3 9,5 2,0 6,1 3,5 0,7 77,4 0,3 0,1 4,0 Frozen 3,7 52,3 61,3 60,6 40,2 97,9 78,6 99,4 120,4 42,8 Fresh 13,9 35,0 13,1 0,6 22,0 19,3 71,8 5,1 15,4 14,4 Crustacean 81,0 107,6 118,4 129,1 97,4 53,0 34,0 76,0 48,7 28,9 Processed Goods 0,0 0,0 0,0 190,0 415,7 774,1 967,6 802,1 907, ,7 Footwear 0,0 0,0 0,0 190,0 415,7 586,4 812,8 609,5 670,8 658,7 Clothing 0,0 0,0 0,0 0,0 0,0 187,8 154,8 192,6 236,4 447,0 Other Products 71,2 4,2 81,2 7,1 57,8 101,1 79,5 39,6 89,4 76,2 Total Exports 295,8 301,2 312,3 397,8 639, , , , , ,0 Re exports 1.678, , ,4 Source: Directorate General of Customs Table 12.b: Exports by Product in million Cape Verdean escudos Traditional Products 48,5 58,8 51,6 109,0 634,8 889,1 564, , , ,9 Agricultural Products 10,9 0,0 3,4 0,0 0,0 0,0 0,0 0,0 0,0 0,0 Seafood Products 37,6 58,8 48,2 109,0 634,8 889,1 564, , , ,9 Canned 9,2 4,0 6,6 5,4 4,9 34,7 14,6 49,1 929, ,6 Frozen 17,3 12,9 0,9 35,2 159,1 52,8 517, ,3 890, ,5 Fresh 0,5 3,2 1,4 1,0 436,4 764,2 1,0 6,6 0,2 0,4 Crustacean 10,7 38,7 39,3 67,4 34,4 37,4 31,0 34,3 34,3 36,4 Processed Goods 1.117, , , ,2 859,3 786,0 912,6 881,8 825,9 779,5 Footwear 511,2 445,4 381,8 415,9 245,0 263,5 375,3 340,5 308,7 367,7 Clothing 606,5 602,4 674,1 766,3 614,3 522,5 537,3 541,3 517,2 411,8 Other Products 46,2 128,1 128,6 43,3 77,0 143,9 70,3 109,3 88,1 86,8 Total Exports 1.212, , , , , , , , , ,2 Re exports 3.118, , , , , , , , , ,3 Source: Directorate General of Customs 27 Banco de Cabo Verde

29 Table 13.a: Geographical Distribution of Foreign Trade in million Cape Verdean escudos Exports 295,8 301,2 312,3 355,4 639, , , , , ,0 Germany 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 29,1 Angola 1,8 0,0 50,0 0,0 0,0 0,0 0,2 0,0 0,0 4,4 Guinea Bissau 0,0 0,0 0,1 0,4 1,6 0,4 2,1 0,0 24,9 4,9 The Netherlands 30,8 31,5 10,6 7,5 5,6 5,6 13,6 1,8 9,9 3,5 Portugal 195,3 241,0 152,4 209,0 530,0 805,5 969,9 910, , ,0 France 0,0 0,0 12,9 0,0 13,7 20,3 21,0 7,0 4,9 1,1 Spain 0,0 0,0 47,9 0,0 45,8 115,6 113,5 74,3 34,2 44,0 United States 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 145,0 Other Countries 67,9 28,7 38,4 138,6 43,1 98,6 188,7 30,4 48,2 21,0 Imports (CIF) , , , , , , , , , ,5 Germany 659,5 450,4 607,0 684,5 786,3 572,2 450, ,4 498,2 400,4 Spain 565,3 253,5 86,7 154,0 338,3 740,0 536,2 544,8 618,5 697,9 United States 146,6 690,2 433,5 393,6 633,8 705, , ,6 865,8 977,1 France 219,8 437,5 545, ,6 770, , , ,7 612, ,0 The Netherlands 1.025, , , , , , , , , ,0 Portugal 3.580, , , , , , , , , ,1 United Kingdom 157,0 226,1 260,1 239,6 407,9 539,8 434,2 606,7 726,6 503,6 Sweden 272,2 272,4 285,0 718,7 450,6 325,3 239,5 164,2 30,8 13,3 Other Countries 3.842, , , , , , , , , ,1 Source: Directorate General of Customs CIF: Cost+Insurance+Freight Table 13.b: Geographical Distribution of Foreign Trade in million Cape Verdean escudos Exports 1.212, , , , , , , , , ,2 Germany 8,0 19,3 13,4 1,9 1,0 0,0 0,0 0,0 0,0 0,0 Angola 1,6 0,1 10,0 0,6 0,0 0,0 0,4 0,0 0,2 1,5 Guinea Bissau 0,0 5,3 0,0 7,8 6,5 75,9 1,4 4,1 1,3 21,2 The Netherlands 2,3 2,2 4,9 2,0 9,0 10,5 3,7 12,5 13,5 10,4 Portugal 1.099, ,9 875, ,4 810,2 905,9 901,7 979,8 928,3 839,6 France 2,4 1,7 1,2 1,2 3,1 0,2 0,4 0,3 80,2 21,8 Spain 3,0 10,2 0,4 4,7 335,0 496,8 322,6 895, , ,3 United States 76,0 54,4 278,6 259,1 193,8 25,0 21,5 8,6 32,0 59,6 Other Countries 19,7 49,5 52,1 12,7 212,4 304,7 295,2 511,4 2,8 57,6 Imports (CIF) , , , , , , , , , ,0 Germany 162, ,9 344,3 355,3 279,0 545,6 853,9 975, ,7 276,1 Spain 1.033, ,8 906, , , , , , , ,5 United States 665, , , , ,7 659,9 697,8 539,1 583,1 980,7 France 922,0 683, ,2 940,3 772, , , , , ,2 The Netherlands 6.301, , , , , , , , , ,9 Portugal , , , , , , , , , ,5 United Kingdom 460,5 118,8 298,6 383,0 410,0 649,5 621,4 559,7 270,4 271,9 Sweden 159,8 27,3 38,6 46,0 47,5 682,0 616,8 270,8 91,8 170,0 Other Countries 4.037, , , , , , , , , ,2 Source: Directorate General of Customs CIF: Cost+Insurance+Freight 28 Banco de Cabo Verde