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Cabo Verde

Cabo Verde Economic Outlook

Following weak GDP growth averaging 1.8% between 2010 and 2015, the economy picked up in 2016, registering 3.8% growth, driven by agriculture and services (primarily tourism). Domestic demand showed signs of recovery following an increase in government spending and private-sector credit. The trend continues, with GDP growth estimated at 4% in 2017 and projected at 4.1% in 2018, boosted by the recovering tourism sector. Diversifying the economy remains a priority for long-term sustainable growth. Services account for approximately 70% of GDP, of which tourism accounts for 20%.

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Key Facts

Flag:
Capital: Praia
Area: 4,033 sq km
Total Population 2017: 0.5 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 1.8 Billion
GNI Per Capita 2015: US$ 1,330
Inflation Rate: -
Crude Birth Rate (per 1000): 20.40%
Human Development Index (rank / 188): 122
Human Development Index (scale 0 to 1): 0.648
Membership Date: 15/04/1976
Cumulative Approvals (1967-2016): UA 363.3 Million

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Contacts

Senegal Country Office

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

Mr Serge N'guessan, Country Manager

West Africa Region

Mrs Marie-Laure Akin-Olugbade, Director General

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

TEL. : (+225) 20 26 40 47

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