Cape Verde: Monetary freedom

The latest value from 2024 is 74.8 points, a decline from 82.3 points in 2023. In comparison, the world average is 67.58 points, based on data from 174 countries. Historically, the average for Cape Verde from 1996 to 2024 is 79.72 points. The minimum value, 67.2 points, was reached in 1999 while the maximum of 89.3 points was recorded in 2006. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Monetary Freedom index for Cape Verde from The Heritage Foundation reflects the stability of prices in Cape Verde and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.

Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.