Economic overview Cabo Verde, in 36 editions.

Cape Verde's low per capita GDP reflects a poor natural resource base, a 17-year drought, and a high birth rate. birthrate. The economy is service oriented, with commerce, transport, and public services accounting for 60% 65% of GDP during the period 1984-86. 1985-88. Although nearly 70% of the population lives in rural areas, agriculture's share of GDP is only 16%; the fishing and manufacturing sectors are 4% each. sector accounts for 4%. About 90% of food must be imported. The fishing potential of the islands potential, mostly lobster and tuna, is not fully exploited (the fish catch--mostly lobster and tuna--came to exploited. In 1988 fishing represented only 10,000 tons in 1985). 3.5% of GDP. Cape Verde annually runs a high trade deficit, financed by remittances from emigrants, cash grants, food aid, emigrants and foreign loans. aid.

Cape Verde's low per capita GDP reflects a poor natural resource base, a
17-year drought, and a high birthrate. The economy is service oriented, with
commerce, transport, and public services accounting for 65% of GDP during
the period 1985-88. Although nearly 70% of the population lives in rural
areas, agriculture's share of GDP is only 16%; the fishing sector accounts
for 4%. About 90% of food must be imported. The fishing potential, mostly
lobster and tuna, is not fully exploited. In 1988 fishing represented only
3.5% of GDP. Cape Verde annually runs a high trade deficit, financed by
remittances from emigrants and foreign aid. Economic reforms launched by the
new democratic government in February 1991 are aimed at developing the
private sector and attracting foreign investment to diversify the economy.

Cape Verde's low per capita GDP reflects a poor natural resource base, a
17-year serious, long-term drought, and a high birthrate. The economy is service
oriented, with
commerce, transport, and public services accounting for 65% of GDP during 60%
the period 1985-88. of GDP. Although nearly 70% of the population lives in rural
areas,
agriculture's share of GDP is only 16%; the fishing sector accounts
for 4%.
About 90% of food must be imported. The fishing potential, mostly
lobster
and tuna, is not fully exploited. In 1988 fishing represented only
3.5% of
GDP. Cape Verde annually runs a high trade deficit, financed by
remittances
from emigrants and foreign aid. Economic reforms launched by the
new
democratic government in February 1991 are aimed at developing the
private
sector and attracting foreign investment to diversify the economy.

Cape Verde's low per capita GDP reflects a poor natural resource base, a
a serious, long-term drought, and a high birthrate. The economy is service
service oriented, with commerce, transport, and public services
accounting for 60%
of GDP. Although nearly 70% of the population lives
in rural areas,
agriculture's share of GDP is only 16%; 20%; the fishing
sector accounts for 4%.
About 90% of food must be imported. The
fishing potential, mostly lobster
and tuna, is not fully exploited. In
1988 fishing represented only 3.5% of
GDP. Cape Verde annually runs a
high trade deficit, financed by remittances
from emigrants and foreign
aid. Economic reforms launched by the new
democratic government in
February 1991 are aimed at developing the private
sector and
attracting foreign investment to diversify the economy.

Cape Verde's low per capita GDP reflects a poor natural
resource base, serious water shortages exacerbated by cycles of
a serious, long-term drought, and a high birthrate. The economy is
service
oriented, with commerce, transport, and public services
accounting for
60% of GDP. Although nearly 70% of the population lives
in rural
areas, agriculture's share of GDP is only 20%; the fishing
sector
accounts for 4%. About 90% of food must be imported. The
fishing
potential, mostly lobster and tuna, is not fully exploited. In
1988 fishing represented only 3.5% of GDP. Cape Verde
annually runs a
high trade deficit, financed by remittances from
emigrants and foreign aid, which form important supplements to GDP.
aid. Economic reforms reforms, launched by the new democratic government in 1991,
February 1991 are aimed at developing the private sector and
attracting foreign
investment to diversify the economy. Prospects for 1995 depend heavily
on the maintenance of aid flows, remittances, and the momentum of the
government's development program.

Cape Verde's low per capita GDP reflects a poor natural
natural resource base, serious water shortages exacerbated by cycles of
of long-term drought, and a high birthrate. The economy is service
oriented, with commerce, transport, and public services accounting for
for 60% of GDP. Although nearly 70% of the population lives in rural
areas, agriculture's the share of GDP agriculture in GNP is only 20%; the 13%, of which fishing sector
accounts for 4%. About 90% of food must be imported. The fishing
potential, mostly lobster and tuna, is not fully exploited. Cape Verde
Verde annually runs a high trade deficit, financed by remittances from
from emigrants and foreign aid, which form important supplements to GDP.
GDP. Economic reforms, launched by the new democratic government in 1991,
1991, are aimed at developing the private sector and attracting foreign
foreign investment to diversify the economy. Prospects for 1995 1996
depend heavily
on the maintenance of aid flows, remittances, and the
momentum of the
government's development program.

Cape Verde's low per capita GDP reflects a poor
natural resource base, serious water shortages exacerbated by cycles
of long-term drought, and a high birthrate. The economy is service
oriented, with commerce, transport, and public services accounting
for 60%
almost 70% of GDP. Although nearly 70% of the population lives in rural
rural areas, the share of agriculture in GNP is only 13%, 14%, of which fishing
fishing accounts for 4%. About 90% of food must be imported. The fishing
fishing potential, mostly lobster and tuna, is not fully exploited. Cape
Cape Verde annually runs a high trade deficit, financed by remittances
from emigrants and foreign aid, which form important supplements to
GDP. Economic reforms, launched by the new democratic government in
1991, are aimed at developing the private sector and attracting
foreign investment to diversify the economy. Prospects for 1996
1997 depend
heavily on the maintenance of aid flows, remittances, and the
momentum
of the government's development program.

Cape Verde's low per capita GDP reflects a poor
natural resource base, serious water shortages exacerbated by cycles
of long-term drought, and a high birthrate. birth rate. The economy is service
oriented, service-oriented, with commerce, transport, and public services
accounting for
almost 70% of GDP. Although nearly 70% of the
population lives in
rural areas, the share of agriculture in GNP is GDP in
1995 was only 14%, 8%, of which
fishing accounts for 4%. 1.5%. About 90% of
food must be imported. The
fishing potential, mostly lobster and tuna,
is not fully exploited.
Cape Verde annually runs a high trade deficit,
financed by foreign aid and remittances
from emigrants and foreign aid, which form important supplements to emigrants; remittances
GDP. constitute a supplement to GDP of more than 20%. Economic reforms,
launched by the new democratic government in
1991, are aimed at
developing the private sector and attracting
foreign investment to
diversify the economy. Prospects for 1997 1998 depend
heavily on the
maintenance of aid flows, remittances, and the momentum
of the
government's development program.

Cape Verde's low per capita GDP reflects a poor
natural resource base, including serious water shortages exacerbated
by cycles
of long-term drought, and a high birth rate. drought. The economy is
service-oriented,
with commerce, transport, and public services
accounting for almost
70% of GDP. Although nearly 70% of the
population lives in rural
areas, the share of agriculture in GDP in
1995 was only 8%, of which
fishing accounts for 1.5%. About 90% of
food must be imported. The
fishing potential, mostly lobster and tuna,
is not fully exploited.
Cape Verde annually runs a high trade deficit,
financed by foreign
aid and remittances from emigrants; remittances
constitute a
supplement to GDP of more than 20%. Economic reforms,
launched by
the new democratic government in 1991, are aimed at
developing the
private sector and attracting foreign investment to
diversify the
economy. Prospects for 1998 1999 depend heavily on the
maintenance of aid
flows, remittances, and the momentum of the
government's development
program.

Cape Verde's low per capita GDP reflects a poor
natural resource base, including serious water shortages exacerbated
by cycles of long-term drought. The economy is service-oriented,
with commerce, transport, and public services accounting for almost
70% of GDP. Although nearly 70% of the population lives in rural
areas, the share of agriculture in GDP in 1995 1998 was only 8%, 13%, of which
fishing accounts for 1.5%. About 90% of food must be imported. The
fishing potential, mostly lobster and tuna, is not fully exploited.
Cape Verde annually runs a high trade deficit, financed by foreign
aid and remittances from emigrants; remittances constitute a
supplement to GDP of more than 20%. Economic reforms, launched by
the new democratic government in 1991, are aimed at developing the
private sector and attracting foreign investment to diversify the
economy. Prospects for 1999 2000 depend heavily on the maintenance of aid
flows, remittances, and the momentum of the government's development
program.

Cape Verde's low per capita GDP reflects a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. The economy is service-oriented, with commerce, transport, and public services accounting for almost 70% of GDP. Although nearly 70% of the population lives in rural areas, the share of agriculture in GDP in 1998 was only 13%, of which fishing accounts for 1.5%. About 90% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances constitute a supplement to GDP of more than 20%. Economic reforms, launched by the new democratic government in 1991, are aimed at developing the private sector and attracting foreign investment to diversify the economy. Prospects for 2000 2001 depend heavily on the maintenance of aid flows, remittances, and the momentum of the government's development program.

Cape Verde's low per capita GDP reflects Verde suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. The economy is service-oriented, with commerce, transport, and public services accounting for almost 70% of GDP. Although nearly 70% of the population lives in rural areas, the share of agriculture in GDP in 1998 2001 was only 13%, 11%, of which fishing accounts for 1.5%. About 90% 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances constitute a supplement to GDP of by more than 20%. Economic reforms, launched by the new democratic government in 1991, are aimed at developing the private sector and attracting foreign investment to diversify the economy. Prospects for 2001 2002 depend heavily on the maintenance of aid flows, remittances, and the momentum of the government's development program.

Cape Verde This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. The economy is service-oriented, with commerce, transport, tourism, and public services accounting for 70% 72% of GDP. Although nearly 70% of the population lives in rural areas, the share of agriculture in GDP in 2001 was only 11%, of which fishing accounts for 1.5%. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances supplement GDP by more than 20%. Economic reforms, launched by the new democratic government in 1991, reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy. Prospects for 2002 2003 depend heavily on the maintenance of aid flows, tourism, remittances, and the momentum of the government's development program.

This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. The economy is service-oriented, with commerce, transport, tourism, and public services accounting for 72% of GDP. Although nearly 70% of the population lives in rural areas, the share of agriculture in GDP in 2001 was only 11%, of which fishing accounts accounted for 1.5%. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances supplement GDP by more than 20%. Economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy. Prospects for 2003 2004 depend heavily on the maintenance of aid flows, tourism, remittances, and the momentum of the government's development program.

This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. The economy is service-oriented, with commerce, transport, tourism, and public services accounting for 72% of GDP. Although nearly 70% of the population lives in rural areas, the share of agriculture in GDP in 2001 2004 was only 11%, 12%, of which fishing accounted for 1.5%. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances supplement GDP by more than 20%. Economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy. Prospects for 2004 Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government's development program.

This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. The economy is service-oriented, with commerce, transport, tourism, and public services accounting for 72% 66% of GDP. Although nearly 70% of the population lives in rural areas, the share of agriculture in GDP in 2004 was only 12%, of which fishing accounted for 1.5%. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances supplement GDP by more than 20%. Economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy. Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government's development program.

This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. The economy is service-oriented, with commerce, transport, tourism, and public services accounting for 66% of GDP. Although nearly 70% of the population lives in rural areas, the share of agriculture food production in GDP in 2004 was only 12%, of which fishing accounted for 1.5%. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances supplement GDP by more than 20%. Economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy. Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government's development program. Cape Verde has been exploring European Union membership in recent years.

This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. The economy is service-oriented, with commerce, transport, tourism, and public services accounting for 66% about three-fourths of GDP. Although nearly 70% of the population lives in rural areas, the share of food production in GDP in 2004 was only 12%, of which fishing accounted for 1.5%. is low. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances supplement GDP by more than 20%. Economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy. Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government's development program. Cape Verde has been exploring European Union membership became a member of the WTO in recent years. July 2008.

This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. drought and poor soil for agriculture on several of the islands. The economy is service-oriented, service oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. Although nearly 70% of the population lives in rural areas, the share of food production in GDP is low. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, deficit financed by foreign aid and remittances from its large pool of emigrants; remittances supplement GDP by more than 20%. Economic Despite the lack of resources, sound economic management has produced steadily improving incomes. Continued economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy. Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government's development program. Cape Verde became a member of the WTO in July 2008.

This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought and poor soil for agriculture on several of the islands. The economy is service oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. Although nearly 70% about 40% of the population lives in rural areas, the share of food production in GDP is low. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances supplement GDP by more than 20%. Despite the lack of resources, sound economic management has produced steadily improving incomes. Continued economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy. Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government's development program. Cape Verde became a member of the WTO in July 2008.

The economy is service oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought and poor soil for agriculture on several of the islands. The economy is service oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. Although about 40% of the population lives in rural areas, the share of food production in GDP is low. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances supplement GDP by more than 20%. Despite the lack of resources, sound economic management has produced steadily improving incomes. Continued economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy. economy and mitigate high unemployment. Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government's development program. Cape Verde became a member of the WTO in July 2008.

The economy is service oriented service-oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought and poor soil for agriculture on several of the islands. Although about 40% of the population lives in rural areas, the share of food production in GDP is low. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Cabo Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances supplement GDP by more than 20%. Despite the lack of resources, sound economic management has produced steadily improving incomes. Continued economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy and mitigate high unemployment. Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government's development program. Cape Cabo Verde became a member of the WTO in July 2008.

The economy is service-oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. Tourism is the mainstay of the economy and it is heavily dependent on conditions in the euro zone countries. This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought and poor soil for agriculture on several of the islands. Although about 40% of the population lives in rural areas, the share of food production in GDP is low. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cabo Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances supplement GDP by more than 20%. Despite the lack of resources, sound economic management has produced steadily improving incomes. Continued economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy and mitigate high unemployment. Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government's development program. Cabo Verde became a member of the WTO in July 2008.

Cabo Verde’s economy is vulnerable to external shocks and depends on development aid, foreign investment, remittances, and tourism. The economy is service-oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. Tourism is the mainstay of the economy and it is heavily dependent depends on conditions in the euro zone countries. This Although about 40% of the population lives in rural areas, the share of food production in GDP is low. The island economy suffers from a poor natural resource base, including serious water shortages shortages, exacerbated by cycles of long-term drought drought, and poor soil for agriculture growing food on several of the islands. Although about 40% of the population lives in rural areas, the share of food production in GDP is low. About 82% islands, requiring it to import most of food must be imported. what it consumes. The fishing potential, mostly lobster and tuna, is not fully exploited. Cabo Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances supplement as a share of GDP by more than 20%. Despite the lack are one of resources, sound economic management has produced steadily improving incomes. Continued economic the highest in sub-Saharan Africa. Economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy and mitigate high unemployment. Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government's development program. Cabo Verde became a member of the WTO in July 2008. The government’s elevated debt levels have limited its capacity to finance any shortfalls.

Cabo Verde’s economy is vulnerable to external shocks and depends on development aid, foreign investment, remittances, and tourism. The economy is service-oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. Tourism is the mainstay of the economy and depends on conditions in the euro zone euro-zone countries. Cabo Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances as a share of GDP are one of the highest in Sub-Saharan Africa.
Although about 40% of the population lives in rural areas, the share of food production in GDP is low. The island economy suffers from a poor natural resource base, including serious water shortages, exacerbated by cycles of long-term drought, and poor soil for growing food on several of the islands, requiring it to import most of what it consumes. The fishing potential, mostly lobster and tuna, is not fully exploited. Cabo Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances as a share of GDP are one of the highest in sub-Saharan Africa.
Economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy and mitigate high unemployment. The government’s elevated debt levels have limited its capacity to finance any shortfalls.

Cabo Verde’s economy is vulnerable to external shocks and depends on development aid, foreign investment, remittances, and tourism. The economy is service-oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. Tourism is the mainstay of the economy and depends on conditions in the euro-zone countries. Cabo Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances as a share of GDP are one of the highest in Sub-Saharan Africa.
Although about 40% of the population lives in rural areas, the share of food production in GDP is low. The island economy suffers from a poor natural resource base, including serious water shortages, exacerbated by cycles of long-term drought, and poor soil for growing food on several of the islands, requiring it to import most of what it consumes. The fishing potential, mostly lobster and tuna, is not fully exploited.
Economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy and mitigate high unemployment. The government’s elevated debt levels have limited its capacity to finance any shortfalls.

Cabo Verde’s economy depends on development aid, foreign investment, remittances, and tourism. The economy is service-oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. Tourism is the mainstay of the economy and depends on conditions in the euro-zone countries. Cabo Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances as a share of GDP are one of the highest in Sub-Saharan Africa.
Although about 40% of the population lives in rural areas, the share of food production in GDP is low. The island economy suffers from a poor natural resource base, including serious water shortages, exacerbated by cycles of long-term drought, and poor soil for growing food on several of the islands, requiring it to import most of what it consumes. The fishing potential, mostly lobster and tuna, is not fully exploited.
Economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy and mitigate high unemployment. The government’s elevated debt levels have limited its capacity to finance any shortfalls.