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Average Salary in Cabo Verde
-
Drew Donnelly
- Published
- May 30, 2026
Curious about salaries in Cabo Verde? This guide breaks down the average wages, compares professions, highlights minimum wage figures, and explores how Cabo Verde’s earnings measure up internationally.
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Cabo Verde’s strategic location, political stability, and business-friendly environment make it a promising destination for outsourcing. Employers looking to hire in the country may wonder, What is the average salary in Cabo Verde? This information will help them prepare a fair hiring offer.
The average monthly salary in Cabo Verde is 38,000 Cape Verdean Escudos (CVE), approximately USD 380. However, you must consider how wages vary by education, experience, location, industry, and position. Comparing salaries in the country to wages worldwide will provide additional insight.
This guide will explore all aspects of earnings in Cabo Verde, preparing you for your hiring journey.
What is the Average Salary in Cabo Verde?
The average salary in Cabo Verde is 38,000 CVE, equivalent to approximately $380. Wages in the country are moderate, but the high cost of living can make them seem lower. The government is also plagued by income inequality.
Median Income
Cabo Verde’s median monthly income is 30,000 CVE, about $275. Half of the people in the country earn higher salaries, while the other half earn less.
Salary Range
Salary range spans the lowest to the highest wages in the country. Low earners in Cabo Verde make around 20,000 CVE, about $185, while high earners make closer to 150,000 CVE, about $1,380.
Salary Comparisons in Cabo Verde
Salary averages provide some insight, but you must consider how wages vary by experience, education, location, profession, and industry. The following sections will explore how these factors impact earnings.
Salary by Position
This salary comparison chart illustrates the variation in wages by profession.
Position | Average Monthly Salary (CVE) |
|---|---|
General Manager | 347,000 |
Business Development Manager | 310,000 |
Financial Commercial Analyst | 203,000 |
Business Analyst | 245,000 |
CEO | 708,157 |
Average Wage in Cabo Verde Based on Education
Education plays a significant role in wage determination, as workers with degrees typically earn more than those with basic education or no formal education. In Cabo Verde, this situation feeds the country’s income inequality. Higher education isn’t free and is unaffordable to many families, so the children are unable to attain wealth, breeding a culture of no upward mobility.
Females are especially impacted as they are often limited in education, leading to a gender wage gap in the country.
Salary Comparison by Experience
Experience impacts earnings in Cabo Verde as experienced workers earn more than entry-level workers, and employees earn more with tenure at their companies. Employers are more likely to negotiate higher salaries with skilled employees as they recognize their value in the workplace.
Salary Comparison by Location
In Cabo Verde, location has a significant impact on earnings. Workers in urban areas typically earn more than those in rural areas, primarily due to the higher cost of living and proximity to large companies that offer high-paying job opportunities. For example, companies in the capital city of Praia and the urban hub of Porto Grande tend to pay more than those on the rural and smaller islands.
Tourist-heavy islands like Boa Vista and Sal may also offer more job opportunities.
How Much is Minimum Wage in Cabo Verde?
Cabo Verde’s minimum wage is 17,000 CVE per month, equivalent to approximately $155. The last increase took effect on January 1, 2024, rising from the previous 15,000 CVE.
Average Salary in Cabo Verde vs. the Rest of the World
The following charts reveal how salaries in Cabo Verde compare to those in developed, developing, and least developed nations.
Cabo Verde vs. Developed Countries
Country | Average Salary | Comparison to Average Cabo Verde Salary |
|---|---|---|
Japan | 340,000 JPY (approx. $2,300) | − 83% |
United Kingdom | £3,000 (approx. $4,100) | − 91% |
Norway | 50,000 NOK (approx. $4,700) | − 92% |
Germany | €4,300 (approx. $4,470) | − 91% |
Austria | €3,700 (approx. $4,050) | − 91% |
Cabo Verde vs. Developing Countries
Country | Average Salary | Comparison to Average Cabo Verde Salary |
|---|---|---|
Romania | 4,000 RON (approx. $835) | − 54% |
Russia | 73,700 RUB (approx. $700) | − 46% |
Albania | 83,330 ALL (approx. $860) | − 126% |
Kazakhstan | 342,000 KZT (approx. $645) | − 41% |
Ukraine | 18,000 UAH (approx. $500) | − 24% |
Cabo Verde vs. Undeveloped Countries
Country | Average Salary | Comparison to Average Cabo Verde Salary |
|---|---|---|
Afghanistan | 13,200 AFN (approx. $150) | 153% |
Philippines | 15,000 PHP (approx. $265) | 43% |
Cambodia | 1,150,000 Riel (approx. $280) | 36% |
Egypt | 3,900 EGP (approx. $125) | 204% |
Pakistan | 60,000 PKR (approx. $210) | 81% |
Cabo Verde is a developing country with a lower-middle-income economy. The country’s workforce is dominated by tourism and services, meaning many positions are low-paying. It is attempting to diversify into fishing and agriculture, but opportunities are limited.
Although internal issues exist, the country is expanding in the outsourcing market. Its strategic position between South Africa, South America, North America, and Central Europe makes it well-positioned for worldwide trade and communication. It offers a trainable workforce, a business-friendly environment, and a growing digital sector.
What are the Most Common Outsourced Industries in Cabo Verde?
Employers who outsource to Cabo Verde will see the most significant benefits when focusing on the following industries:
IT Services
Cabo Verde aims to become a digital hub in West Africa. The government is investing in the country’s digital infrastructure with projects like Tech Park, which offers incentives to attract startups. It is also working to digitize public services, aiming to have 80% of services digitized by 2030.
A junior developer in Cabo Verde earns approximately $1,800 per month, while their American counterparts earn closer to $7,500 monthly, resulting in significant cost savings for companies that outsource.
Tourism
Cabo Verde’s tourism industry drives its economy. Its focus is on beach tourism, with resorts and hotels catering to tourists who enjoy beach and water activities. The country is seeking to diversify its offerings in the sector through ecotourism, cultural experiences, and water sports.
In addition to providing tourist activities to foreign travelers, travel-based companies can partner with Cabo Verde firms to expand offerings in travel and hospitality.
Blue Economy
The Blue Economy refers to all industries with a direct or indirect link to the ocean. Cabo Verde heavily relies on the Blue Economy with an Exclusive Economic Zone (EEZ) based on sustainable fisheries, aquaculture, and maritime transport. It is aiming to become a logistics hub in the Atlantic.
Conclusion
Cabo Verde is emerging as a promising destination for outsourcing. Although salaries are competitive with those in other countries, labor remains affordable compared to Western destinations. Additionally, wage inequality means that a significant portion of workers earn lower wages and would be willing to accept slightly higher-paying work from foreign companies.
Employees who form remote partnerships in the country can benefit from lower expenses and access to premium products and services that help them stand out in their industry, while assisting workers to overcome economic challenges, resulting in a mutually beneficial situation for all parties involved.
