Cape Verde banner image

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.

Read more

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

Show more facts




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