Monthly minimum wage (Local currency) in Cape Verde
Cape Verde: Monthly minimum wage (Local currency) was 15,000 in 2024. ▲ Rising
Monthly minimum wage in Cape Verde, 2014–2024
Source: International Labour Organization.
Analysis
In 2024, monthly minimum wage in Cape Verde stood at 15,000. That is the highest value across all 11 years on record.
The figure is up 15.4% on the previous year and up 36.4% over ten years.
Over the whole period, monthly minimum wage in Cape Verde peaked at 15,000 in 2024 and was at its lowest, 11,000, in 2014.
Cape Verde ranks 62nd of 173 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 11 years of available data.
Monthly minimum wage (Local currency) in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2014 | 11,000 | — |
| 2015 | 11,000 | +0.0% |
| 2016 | 11,000 | +0.0% |
| 2017 | 11,000 | +0.0% |
| 2018 | 13,000 | +18.2% |
| 2019 | 13,000 | +0.0% |
| 2020 | 13,000 | +0.0% |
| 2021 | 13,000 | +0.0% |
| 2022 | 13,000 | +0.0% |
| 2023 | 13,000 | +0.0% |
| 2024 | 15,000 | +15.4% |
Cape Verde compared with similar countries
- Cape Verde's 15,000 is above the median for upper middle income countries, which is 6,300, 2.4× the median. (53 countries reporting)
- Cape Verde's 15,000 is below the median for Sub-Saharan Africa, which is 37,500, 40% of the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 11,667 | 11,000 | 13,000 | 6 |
| 2020s | 13,400 | 13,000 | 15,000 | 5 |
Countries ranked near Cape Verde
More work & labour data for Cape Verde
- Persons outside the labour force (ILO modelled estimates) 176.12 (2027)
- Labour force participation rate (ILO modelled estimates) 57.01 (2027)
- Labour force (ILO modelled estimates) 233.52 (2027)
- Unemployment rate (ILO modelled estimates) 12.15 (2027)
- Labour dependency ratio 1.59 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 29,137 (2027)
- Output per worker, GDP constant 2015 US $ 13,162 (2027)
- Employment-to-population ratio (ILO modelled estimates) 50.08 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.57 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 1.53 % change on previous year (2027)
Frequently asked questions
- What is monthly minimum wage in Cape Verde?
- Monthly minimum wage in Cape Verde was 15,000 in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Cape Verde?
- The highest recorded value was 15,000 in 2024.
- What is the lowest monthly minimum wage recorded in Cape Verde?
- The lowest recorded value was 11,000 in 2014.
- How does Cape Verde rank for monthly minimum wage?
- Cape Verde ranks 62nd out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Cape Verde?
- Over the last ten years it is up 36.4%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from International Labour Organization, published as part of Monthly minimum wage (Local currency). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data refer to the minimum monthly earnings of all employees as of December 31st of each year. Minimum wages are not reported for countries for which collective bargaining is in place for minimum wages. In cases where a national minimum wage is not mandated, the minimum wage in place in the capital or major city is used. In some cases, an average of multiple regional minimum wages is used. In countries where the minimum wage is set at the sectoral level or occupational level, the minimum wage for manufacturing or unskilled workers is generally applied. Data are converted to U.S. dollars as the common currency, using exchange rates or purchasing power parity (PPP) rates rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.