Table of Contents
Welcome to your comprehensive guide to the Cabo Verde job market. Finding the right job or candidate requires solid data. We provide the latest statistics on employment, salaries, and economic indicators, empowering you to make informed decisions about your next career step or recruitment strategy in Cabo Verde.
Job Market Overview: Employment Statistics in Cabo Verde
Understanding Cabo Verde's job market is crucial for both job seekers and employers. The country's current employment indicators show:
| Key Metric | Current Status |
|---|---|
| Total Population | 555.987 residents |
| Employment Rate | 54.4% (below OECD average) |
| Unemployment Rate | 8.5% (moderately competitive market) |
These Cabo Verde employment statistics reveal a balanced labor market where candidates should highlight specialized skills. The 54.4% employment rate suggests moderate job availability across sectors.
Living & Working in Cabo Verde: Economic Insights
Before relocating or applying for jobs in Cabo Verde, consider these key economic factors:
| Economic Indicator | Value | Comparison to U.S. |
|---|---|---|
| Average Monthly Salary | 555,00 USD | 12% of U.S. average (significantly lower) |
| Purchasing Power | 23.1 | moderate compared to U.S. (100) |
With 23.1 purchasing power, salaries in Cabo Verde provide adequate but budget-conscious lifestyles. The average monthly salary of 555,00 USD is particularly attractive in the Agriculture, Fishing sector.
Top Industries & Job Opportunities in CV
Cabo Verde's thriving job market spans these key sectors:
| Leading Industry | Agriculture, Fishing (growing at 5% annually) |
| Emerging Sector | Manufacturing (25% of workforce) |
| Service Sector | Tourism, Services (60% of GDP) |
| Major Employers | Electra, Banco Comercial do Atlântico, Cabo Verde Airlines (hiring year-round) |
Job seekers should focus on Agriculture, Fishing for the most opportunities, while Manufacturing offers growth potential. Major companies like Electra, Banco Comercial do Atlântico, Cabo Verde Airlines frequently post openings for skilled professionals.
Data Sources & Methodology
The statistical data (Population, Employment, Economic Indicators) used in this guide is compiled from the following authoritative sources:
- Employment & Economic Data: World Bank Indicators
- Cost of Living & Salaries: Numbeo Cost of Living Database
- Proprietary Data: Analysis derived from expert interviews and Cityjobs.info internal salary research.
Disclaimer: Data Volatility Note
We strive to update all statistics and figures annually. However, due to the nature of global economics, data like employment rates, exchange values, and average salaries can change rapidly due to political events, economic shifts, or unforeseen crises. Always verify critical figures with local governmental or financial institutions before making major decisions.
CityJobs bridges the gap between job seekers and employers in Cabo Verde, creating a more accessible and inclusive job market for all.
1. What's the employment situation in Cabo Verde?
With a population of 555,987 and an employment rate of 54.4%, Cabo Verde offers a growing job market. The unemployment rate currently stands at 8.5%.
2. Which are the top companies in Cabo Verde?
The leading employers in Cabo Verde include Electra, Banco Comercial do Atlântico, Cabo Verde Airlines. These companies offer diverse opportunities across multiple sectors.
3. How far does salary go in Cabo Verde?
The purchasing power ratio in Cabo Verde is 23.1, meaning cost of living should be carefully considered when evaluating job offers.
4. How can I find jobs in Cabo Verde?
Search our listings filtered for Cabo Verde. Focus on industries where Electra, Banco Comercial do Atlântico, Cabo Verde Airlines are active, and consider that the 54.4% employment rate suggests moderate competition for positions.
5. What should I know about working in Cabo Verde?
With Electra, Banco Comercial do Atlântico, Cabo Verde Airlines as major employers, the job market tends to favor Manufacturing and Tourism, Services.
