Cabo Verde

Cabo Verde's (Cape Verde) has an estimated population of 520,500. Only 10% of its territory is classified as arable land and the country possesses limited mineral resources. Despite the arid climate and mountainous terrain, Cabo Verde has been developing rapidly, in a large part thanks to its flourishing tourism industry. 

Cabo Verde's Economy

Cabo Verde's (Cape Verde) economy is expected to maintain real GDP growth, projected at 4.1% in 2019 and 4.8% in 2020. Growth is expected to be driven by remittance inflows, manufacturing, continued growth in tourism, and increased public infrastructure spending. Private investment supported by favourable domestic credit conditions will also contribute to economic growth.

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