Cape Verde is in Western Africa, it is a group of islands in the North Atlantic Ocean, west of Senegal. The climate is temperate with a warm, dry summer. Rainfall is meagre and very erratic. The official language is Portuguese which is the main business language, a patois known as Crioulo is spoken colloquially. Visitors should check in advance whether interpretation will be necessary. All correspondence should be in Portuguese, English or French. The main religion is Christianity. The economy of Cape Verde is service-oriented, with commerce, transport, and public services accounting for more than 70% of GDP. Although nearly 70% of the population lives in rural areas, agriculture and fishing contribute only about 9% of GDP. Light manufacturing accounts for most of the remainder. Expatriate Cape Verdeans contribute an amount estimated at about 20% of GDP to the domestic economy through remittances. Cape Verdeans are generally generous and hospitable. Business culture reflects that of Portugal. Expatriate business dress is smart rather than formal. The security risk for expatriates in Cape Verde is low. Risks include petty street crime and theft in crowded areas such as markets, as well as violent crime usually related to drug trafficking. The currency of Cape Verde is the Cape Verde Escudo (CVE) which is fixed to the Euro. Generally Banks will exchange hard currencies and the major hotels and restaurants will accept credit cards. Medical facilities are limited, and some medicines are generally not available. Cases of Zika virus have been reported. The population of Cape Verde is 540,000 (2019 est.), while the inflation rate (CPI) is 1.5% for Cape Verde as at May 2019. Xpatulator Hypothetical Tax for Cape Verde is based on the current, declarative method, personal income tax rates which are progressive up to 27.5%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Cape Verde, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Cape Verde as at 1 July 2019 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Very Low 3) Communication: Average 4) Education: Average 5) Furniture & Appliances: Low 6) Groceries: Low 7) Healthcare: Very Low 8) Household Accommodation: Low 9) Miscellaneous: High 10) Personal Care: Very Low 11) Recreation & Culture: Very Low 12) Restaurants Meals Out and Hotels: High 13) Transport: Low Cape Verde is for example -19.9% cheaper than USA for groceries, -15.5% cheaper for household costs than UK, and 52.7% more expensive for transport costs than India. The hardship premium for Cape Verde for an expat from Australia, is for example 20%, i.e. host location (Cape Verde) premium of 30% minus home (Australia) location premium of 10%. Cape Verde is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Cape Verde? Register subscribe to your home location and Cape Verde and run your personalised reports.