Cape Verde

Cape Verde Economic Outlook

  • With real GDP growth of 2% recorded in 2014, the economic recovery remains subdued due to weaknesses in the global and domestic economies, but tourism, tourismrelated foreign investment and construction remain engines of growth for the Cabo Verdean economy.
  • Cabo Verde’s fiscal situation has improved slightly in a context of the phase-out of a public investment programme in a pre-electoral year, but it is still vulnerable.
  • Although Cabo Verde has made economic progress in recent years, there are pockets of spatial exclusion as evidenced by strong emigration from underdeveloped islands.


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 2015: 0.5 Million
Urban Population 2015: 64.14%
Female Population 2015: 50.18%
GDP: US$ 1.8 Billion
GNI Per Capita 2015: 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 (1967-2015): UA 360.1 Million

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