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Cape Verde

Cape Verde Economic Outlook

  • Cabo Verde’s real GDP growth increased to 3.6% in 2015 from 1.8% in 2014 and 0.8% in 2013 as tourism receipts increased, domestic demand improved and energy prices remained low. However, the economy is still underperforming due to deflation and high unemployment.
  • While government deficit has narrowed from previously high levels, fiscal consolidation remains a priority to reduce the risk of debt distress, reassure investors and safeguard macroeconomic stability.
  • Despite Cabo Verde’s insularity and unequal distribution of the population across islands, its urban renewal can drive structural transformation by providing informal and micro-entrepreneurs opportunities to upgrade and expand their market reach.

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Key Facts

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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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

West Africa Region

Mr. M. Janvier LITSE, Director West Africa Region

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

TEL. : (+225) 20 26 40 47