Cape Verde belongs to the West African Economic Area (African Civilization).
Economy of Cape Verde (Africa):
Leading in civil liberties, political rights, and stability in Africa (Freedom House Report);
Uncorrupt bureaucracy;
Service oriented economy;
The main sectors of the Cape Verdean economy are services (70% of the GDP, mainly tourism), agriculture (bananas, potatoes, sugar-cane, coffee, and peanuts), fish, and textiles;
Industry sector: 8% of the Cape Verdean GDP;
Informal sector: 70% of jobs/25% of the GDP;
Cape Verdean GDP growth: 3.1%;
Inflation in Cape Verde: 1.8%;
Main
trade partners of Cape Verde: Euro-Zone countries (mainly Portugal);
Currency of Cape Verde: the Cape Verdean Escudo (peg to the euro);
Special regime for SME;
Existence of Free-Zone Enterprises;
Open to Foreign direct investment (FDI);
90% of the food is imported.
(c) EENI Global Business School (1995-2023)
We do not use cookies Top of this page