Cape Verde

Cape Verde Economic Outlook

  • Economic growth has been slowing over recent years and Cabo Verde has been less resilient to the euro area crisis than previously thought.
  • In order to reduce the budget deficit and curb the high indebtedness trend, the government is shifting the focus from accelerated capital accumulation to improvements in the quality and efficiency of public infrastructure.
  • Cabo Verde is on track to reach most of the Millennium Development Goals but significant challenges remain, particularly high unemployment and persistent inequality.


Bureau régional du Sénégal

Groupe de la Banque africaine de développement
Immeuble Coumba, 2eme étage
Route de Ngor, Zone 12
Les Almadies
BP 50544 - CP 18524 RP
Dakar, Sénégal

Tél : +221 338200888/338697544
Fax : +221 338200999

M. Mamadou Lamine Ndongo, Représentant Résident

Department West Africa Region

Mr. Franck Perrault, Director West Africa Region

African Development Bank Group
24ème  Etage, Immeuble  CCIA, Plateau
01 Boite Postale 1387 Abidjan 01
Côte d’Ivoire

Phone: (+225) 20 20 40 46

Key Facts

Capital: Praia
Area: 4,033 sq km
Total Population 2013: 0.5 Million
Urban Population 2013: 64.14%
Female Population 2013: 50.18%
GDP: US$ 1.8 Billion
GNI Per Capita 2013: US$ 3,830
Inflation Rate: 1.53%
Crude Birth Rate (per 1000): 20.12%
Human Development Index (rank / 187): 132
Human Development Index (scale 0 to 1): 0.586
Membership Date: 15/04/1976
Cumulative Approvals (1967-2013): UA 334.9 Million

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