🇨🇻CVE Economy
Cape Verde Salary & Tax Guide
Island services economy with strong connectivity
Average Gross Salary
$4,000 / yr
Average Net Take-Home
$3,600 / yr
Top Marginal Tax Bracket
27%
Cost of Living Index
42 (US=100)
Economic & Employment Overview
Island services economy with strong connectivity. With median gross compensation near $4,000 and take-home pay around $3,600, Praia remains the primary entry point for Tourism opportunities.
Leading Industries & Tech Sectors
TourismRemittancesFishing
Immigration & Expat Work Permits
Most foreign hires base themselves in Praia, the country’s main hub for Tourism roles. Work permits for scarce professions
Major Economic Centers: Praia, Mindelo, Assomada
Tax System Breakdown
Single Filer ModelProgressive rates reaching 27%. The top marginal statutory rate is 27%.
Sample Benchmark at Average Gross ($4,000 USD):
| Gross Salary | $4,000 |
| Total Income Tax Paid | $1,000 |
| Social Contributions / Payroll | $320 |
| Net Annual Take-Home | $2,680 |
| Effective Tax Rate | 33.0% |