Trade policy review report by the secretariat



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  1. APPENDIX TABLES


Table A1.1 Selected macroeconomic indicators, 2008-14




2008

2009

2010

2011

2012

2013

2014

Output

Real GDP growth (annual %)

6.7

-1.3

1.5

4.0

1.1

1.0

1.8

GDP per capita (€)

2,522

2,538

2,577

2,733

2,757

2,774

2,801

Real GDP per capita (€)

1,817

1,887

2,000

1,968

2,136

2,070

2,109

Nominal GDP (in million CVEsc)

134,698

135,879

138,569

147,924

150,351

152,640

155,522

Nominal GDP (in million €)

1,222

1,233

1,257

1,341

1,363

1,384

1,411

of which (% of GDP)






















Agriculture, livestock production
and forestry

7.9

8.0

7.5

7.6

8.1

..

..

Fishing

0.6

0.9

1.0

0.7

0.7

..

..

Industry

5.8

6.5

6.8

6.9

7.9

..

..

Construction

12.2

12.2

10.8

10.4

8.8

..

..

Services

59.8

60.2

61.2

60.6

62.2

..

..

Trade

11.5

12.4

12.7

12.8

12.5

..

..

Hotels and restaurants

3.5

3.4

3.5

4.0

5.8

..

..

Transport and
communications

16.4

15.4

15.2

13.7

13.1

..

..

Other services (commercial)

15.9

15.4

15.7

15.1

15.9

..

..

Non-market services

12.4

13.6

14.1

14.9

15.0

..

..

Net taxes from grants

13.7

12.2

12.7

13.8

12.4

..

..

Public finance (% of GDP)

Global balance

-1.6

-5.8

-10.6

-7.7

-10.3

-9.0

-7.3

Public debt

..

..

66.1

77.5

91.1

101.6

114.0

in CVEsc billion

..

..

92

115

137

155

178

External sector (in billions of escudos, unless otherwise indicated)a

Current account

-18.5

-19.8

-18.7

-23.9

-18.9

-7.5

-11.7

Goods

-57.2

-53.7

-56.8

-67.2

-56.3

-52.2

-53.5

Exports

8.6

7.4

11.3

16.8

15.7

16.4

22.1

Imports

-65.9

-61.1

-68.1

-84.0

-72.0

-68.6

-75.6

Services

18.4

12.8

16.5

20.4

21.5

27.9

25.4

Exports

44.7

38.0

41.6

45.7

51.9

55.9

53.6

of which:






















Transportation

13.1

11.2

14.4

11.3

10.8

11.1

10.4

Travel and tourism

25.4

21.0

22.3

29.5

33.8

36.7

33.3

Imports

-26.3

-25.2

-25.1

-25.3

-30.4

-28.0

-28.1

Income

-3.5

-3.4

-6.7

-5.7

-6.4

-5.4

-7.7

Current transfers

23.9

24.6

28.3

28.5

22.2

22.1

24.1

of which: migrants’ remittances

11.0

10.2

10.3

13.4

14.4

13.8

15.2

% of GDP

8.2

7.5

7.5

9.1

9.6

9.0

9.7

Capital account and financial transactions account

27.7

25.6

32.5

30.6

19.5

10.9

8.6

Capital account

2.1

3.7

3.3

1.0

1.1

0.5

0.7

Financial account

25.6

21.9

29.2

29.6

18.4

10.4

8.0

Reserves in months of imports

4.0

4.2

4.2

3.2

3.8

4.8

5.4

Escudos/US$ (annual average)

75.3

79.4

83.3

79.3

85.8

83.1

83.1

Escudos/€ (annual average)

110.2

110.2

110.3

110.3

110.3

110.3

110.2

Real effective exchange rates
(Annual average: Index: 2000=100)b

101.7

101.6

99.0

101.0

98.6

101.9

101.9

Memorandum items:

Inflation (CPI, %age change, annual average)

6.8

1.0

2.1

4.5

2.5

1.5

-0.2

Unemployment rate (%)

13.0

13.1

10.7

12.2

16.8

16.4

15.8

Population ('000)

485

486

488

491

494

499

504

.. Not available.

a Figures for 2013 are provisional; figures for 2014 are estimates.

b An increase indicates appreciation.

Source: BCV, Principais Indicadores Económicos E Financeiros 2002-14 and Indicadores Económicos e Financeiros Nacionais, May 2015. Viewed at:



http://www.bcv.cv/vPT/Estatisticas/Quadros%20Estatisticos/Paginas/QuadrosEstatisticos.aspx;

Banco de Cabo Verde, Annual Reports 2012, 2013, and 2014;

IMF Regional Economic Outlook, Sub-Saharan Africa, October 2014 and April 2015; IMF online information, "International Financial Statistics". Viewed at: http://elibrary-data.imf.org/DataExplorer.aspx;and World Bank's World Development Indicator database. Viewed at: http://databank.worldbank.org/data/reports.aspx?source=world-development-indicators.

Table A1.2 Merchandise exports by product group, 2008-13



(€ million and %)




2008

2009

2010

2011

2012

2013

Total (€ million)

..

25.3

35.2

49.5

43.4

52.1




(% of total)

Food

..

72.6

81.6

83.7

87.1

86.1

0342 Fish, frozen (excluding fillets and minced fish)

..

38.0

38.6

36.1

36.2

43.0

0371 Fish, prepared, preserved, n.e.s.

..

29.8

39.0

44.5

40.9

38.9

0362 Crustaceans, other than frozen

..

1.2

0.9

1.3

1.5

1.8

1124 Spirits

..

2.2

1.4

1.0

1.2

1.0

Other food

..

1.6

1.7

0.9

7.3

1.4

Mining

..

0.7

0.9

0.9

0.0

0.2

Manufactures

..

26.7

17.5

15.3

12.9

13.6

Chemicals

..

0.0

0.0

0.7

0.5

0.1

Other semi-manufactures

..

0.0

0.0

0.1

0.0

0.0

Clothing

..

16.2

8.5

7.7

4.6

6.2

Other consumer goods

..

10.4

9.0

6.9

7.8

7.3

Other

..

0.7

0.9

0.9

0.0

0.3

.. Not available.

Source: UNSD Comtrade database, SITC Rev.3.

Table A1. 3 Merchandise imports by product group, 2008-13

(€ million and %)






2008

2009

2010

2011

2012

2013

Total (€ million)

562.9

483.1

551.8

691.2

587.2

547.0




(% of total)

Agriculture

29.3

30.7

29.1

26.4

29.0

33.3

Food

27.7

29.4

27.7

25.4

27.9

32.1

0423 Rice, milled, semi-milled

2.1

4.3

3.4

2.6

3.0

3.7

0222 Milk concentrated or sweetened

2.3

2.0

2.2

2.0

2.2

2.3

0123 Poultry, meat and offal

1.2

1.3

1.4

1.3

1.6

1.8

0612 Other beet, cane and chemically pure sucrose, solid form

0.7

1.4

1.2

1.7

1.4

1.6

Agricultural raw materials

1.7

1.3

1.3

1.0

1.1

1.2

Mining

12.5

12.9

13.1

19.9

15.4

21.7

Ores and other minerals

0.7

0.7

0.5

0.4

0.5

0.2

Non-ferrous metals

0.6

0.5

0.6

0.2

0.2

0.2

Fuels

11.2

11.7

11.9

19.3

14.6

21.3

Manufactures

58.1

56.4

57.8

53.7

55.4

44.9

Iron and steel

4.8

3.0

2.7

2.5

2.9

2.3

Chemicals

6.0

6.9

6.2

5.7

6.0

6.8

Other semi-manufactures

15.8

14.1

13.4

12.3

11.6

11.6

6612 Portland cement and similar hydraulic cements

4.5

4.2

3.8

3.1

3.1

3.2

6624 Non-refractory brick, tiles, pipes, etc.

1.9

1.5

1.2

1.0

1.1

1.0

6911 Iron or steel structures, tubes and the like, for use in structures

2.0

1.2

1.6

1.8

0.9

0.9

Machinery and transport equipment

23.5

24.3

27.8

26.1

27.3

16.5

Power generating machines

1.0

1.1

1.7

5.5

0.7

0.5

Other non-electrical machinery

6.3

7.0

5.2

4.8

5.1

3.5

Office machines & telecommunication equipment

2.9

3.7

7.7

3.4

3.7

3.9

Other electrical machines

3.6

3.5

5.2

4.1

3.4

3.2

Automotive products

8.3

7.0

6.2

5.3

5.7

3.9

Other transport equipment

1.5

2.0

1.8

2.9

8.7

1.4

Textiles

0.7

0.5

0.5

0.6

0.6

0.5

Clothing

0.7

0.6

0.5

0.7

0.7

0.6

Other consumer goods

6.6

6.9

6.7

5.9

6.4

6.4

Other

0.0

0.0

0.0

0.0

0.2

0.1

Source: UNSD Comtrade database, SITC Rev.3.

Table A3.1 MFN tariff averages by HS2-digit level, 2015



HS

Description

No. of lines

Average (%)

Range (%)

Share of duty free lines (%)

CVa




Total

5,768

10.3

0-50

44.1

1.3

01

Live animals

25

3.2

0-5

36.0

0.8

02

Meat and edible meat offal

58

22.8

20-50

0

0.2

03

Fish and crustaceans, molluscs and other aquatic invertebrates

106

22.1

20-30

0

0.2

04

Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included

37

10.5

0-20

2.7

0.7

05

Products of animal origin, not elsewhere specified or included

16

5.0

0-20

75.0

1.7

06

Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage

16

11.3

0-20

43.8

0.9

07

Edible vegetables and certain roots and tubers

60

12.6

0-30

1.7

0.5

08

Edible fruit and nuts; peel of citrus fruit or melons

60

2.7

0-20

85.0

2.5

09

Coffee, tea, maté and spices

53

18.2

5-40

0

0.7

10

Cereals

19

6.3

0-20

15.8

0.7

11

Products of the milling industry; malt; starches; inulin; wheat gluten

31

7.3

0-20

3.2

0.8

12

Oil seeds and oleaginous fruits; misc grains, seeds and fruit; industrial or medicinal plants; straw and fodder

43

0.7

0-10

93.0

3.7

13

Lac; gums, resins and other vegetable saps and extracts

10

0

0

100.0

0

14

Vegetable plaiting materials; vegetable products not elsewhere specified or included

6

0

0

100.0

0

15

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes

55

3.5

0-5

29.1

0.6

16

Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates

28

28.9

20-40

0

0.3

17

Sugars and sugar confectionery

18

8.9

5-30

0

0.9

18

Cocoa and cocoa preparations

17

22.6

5-50

0

0.9

19

Preparations of cereals, flour, starch or milk; pastry cooks' products

22

25.5

0-40

4.5

0.5

20

Preparations of vegetables, fruit, nuts or other parts of plants

57

23.3

20-30

0

0.2

21

Miscellaneous edible preparations

20

18.5

0-30

20.0

0.6

22

Beverages, spirits and vinegar

29

35.2

0-50

10.3

0.5

23

Residues and waste from the food industries; prepared animal fodder

24

0

0

100.0

0

24

Tobacco and manufactured tobacco substitutes

9

15.6

0-50

55.6

1.3

25

Salt; sulphur; earths and stone; plastering materials, lime and cement

72

2.0

0-10

61.1

1.3

26

Ores, slag and ash

41

0

0

100.0

0

27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

59

4.4

0-20

22.0

0.8

28

Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive elements or of isotopes

176

0

0

100.0

0

29

Organic chemicals

386

0.0

0-5

99.2

11.3

30

Pharmaceutical products

34

0

0

100.0

0

31

Fertilizers

23

0

0

100.0

0

32

Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring matter; paints and varnishes; putty and other mastics; inks

55

9.5

0-40

56.4

1.6

33

Essential oils and resinoids; perfumery, cosmetic or toilet preparations

33

15.0

0-30

9.1

0.8

34

Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modelling pastes, dental waxes and dental preparations with a basis

26

21.0

5-50

0

0.9

35

Albuminoidal substances; modified starches; glues; enzymes

15

5.0

5.0

0

0

36

Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations

9

18.9

5-30

0

0.7

37

Photographic or cinematographic goods

35

16.9

0-20

5.7

0.3

38

Miscellaneous chemical products

94

3.5

0-5

29.8

0.7

39

Plastics and articles thereof

145

6.9

0-30

54.5

1.3

40

Rubber and articles thereof

103

12.7

0-30

38.8

1.0

41

Raw hides and skins (other than fur skins) and leather

37

10.0

10.0

0

0

42

Articles of animal gut (other than silk-worm gut)

22

28.0

5-30

0

0.2

43

Fur skins and artificial fur; manufactures thereof

12

50.0

50.0

0

0

44

Wood and articles of wood; wood charcoal

77

13.5

0-40

7.8

1.0

45

Cork and articles of cork

8

5.0

0-10

50.0

1.0

46

Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork

12

27.5

20-30

0

0.2

47

Pulp of wood or of other fibrous cellulosic material; recovered (waste and scrap) paper and paperboard

21

0

0

100.0

0

48

Paper and paperboard; articles of paper pulp, of paper or of paperboard

106

5.4

0-20

17.9

0.9

49

Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans

21

6.7

0-20

61.9

1.3

50

Silk

9

12.2

0-30

33.3

1.1

51

Wool, fine or coarse animal hair; horsehair yarn and woven fabric

38

4.5

0-10

47.4

1.0

52

Cotton

136

13.5

0-20

5.9

0.6

53

Other vegetable textile fibres; paper yarn and woven fabrics of paper yarn

24

2.3

0-10

70.8

1.7

54

Man-made filaments

70

9.4

5-20

0

0.6

55

Man-made staple fibres

110

13.9

5-25

0

0.5

56

Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof

32

9.4

0-10

6.3

0.3

57

Carpets and other textile floor coverings

21

49.0

30-50

0

0.1

58

Special woven fabrics; tufted textile fabrics; lace; tapestries; trimmings; embroidery

40

23.0

5-50

0

0.4

59

Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use

24

12.5

5-30

0

0.7

60

Knitted or crocheted fabrics

43

20.0

20.0

0

0

61

Articles of apparel and clothing accessories, knitted or crocheted

106

27.7

20-30

0

0.2

62

Articles of apparel and clothing accessories, not knitted or crocheted

113

40.0

40.0

0

0

63

Other made up textile articles; sets; worn clothing and worn textile articles; rags

52

16.2

0-20

13.5

0.5

64

Footwear, gaiters and the like; parts of such articles

28

30.0

30.0

0

0

65

Headgear and parts thereof

9

22.2

0-40

44.4

0.9

66

Umbrellas, sun umbrellas, walking-sticks, seat-sticks, whips, riding-crops and parts thereof

6

30.0

30.0

0

0

67

Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair

8

45.0

10-50

0

0.3

68

Articles of stone, plaster, cement, asbestos, mica or similar materials

57

10.4

0-20

14.0

0.7

69

Ceramic products

32

19.2

5-50

0

0.7

70

Glass and glassware

68

13.0

0-50

42.6

1.3

71

Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

54

19.4

0-40

31.5

0.9

72

Iron and steel

167

0

0

100.0

0

73

Articles of iron or steel

159

5.3

0-20

61.0

1.4

74

Copper and articles thereof

53

2.8

0-20

77.4

2.0

75

Nickel and articles thereof

17

0.6

0-10

94.1

4.0

76

Aluminium and articles thereof

41

3.9

0-20

75.6

1.9

78

Lead and articles thereof

8

1.3

0-10

87.5

2.6

79

Zinc and articles thereof

9

1.1

0-10

88.9

2.8

80

Tin and articles thereof

5

2.0

0-10

80.0

2.0

81

Other base metals; cermets; articles thereof

49

2.7

0-10

73.5

1.7

82

Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal

66

4.5

0-20

77.3

1.8

83

Miscellaneous articles of base metal

45

13.8

0-20

31.1

0.7

84

Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

556

2.5

0-30

77.9

2.5

85

Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles

372

9.3

0-30

29.8

1.1

86

Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds

23

0

0

100.0

0

87

Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof

245

22.0

0-50

17.1

0.8

88

Aircraft, spacecraft, and parts thereof

15

0

0

100.0

0

89

Ships, boats and floating structures

28

0.7

0-5

85.7

2.4

90

Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof

159

4.7

0-30

67.3

1.9

91

Clocks and watches and parts thereof

54

21.4

0-30

5.6

0.6

92

Musical instruments; parts and accessories of such articles

17

0

0

100.0

0

93

Arms and ammunition; parts and accessories thereof

27

29.6

0-50

40.7

0.8

94

Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated name-plates

46

30.7

0-50

19.6

0.6

95

Toys, games and sports requisites; parts and accessories thereof

31

13.4

5-40

0

1.1

96

Miscellaneous manufactured articles

48

16.8

5-50

0

0.7

97

Works of art, collectors' pieces and antiques

7

0

0

100.0

0

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