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Economy of Cape Verde

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411: 742:(WIPO), Cape Verde does not have legislation for industrial property, such as patents, trademarks, and industrial designs but does have a law on copyrights (Law No. 101/III/90, December 1990). Pascal Lamy, director-general of the WTO said, "I am very pleased to welcome Cape Verde as a new member. This new membership will strengthen multilateral trading system. Being part of the WTO will enable Cape Verde to continue its integration into the world economy." 40: 383: 1661: 369: 307: 679: 397: 321: 293: 167: 159: 115: 107: 1431: 691:, airports are located on all of the inhabited islands except for the smallest island, Brava, which was built, but found to be too dangerous so it was shut down after a few failed attempted landings. The archipelago has 3,050 kilometers (1,830 mi.) of roads, of which 1,010 kilometers (606 mi.) are paved. The new 686:
Cape Verde's strategic location at the crossroads of mid-Atlantic air and sea lanes has been enhanced by significant improvements at Mindelo's harbour (Porto Grande) and at Sal's international airport. Ship repair facilities at Mindelo were opened in 1983, and the harbours at Mindelo and Praia were
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About 75% of food is imported. 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
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The Cape Verdean government established the top priorities for development as the promotion of a market economy and of the private sector; the development of tourism, light manufacturing industries, and fisheries; and the development of transport, communications, and energy facilities. In 1994-95
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nation that lacks resources and has experienced severe droughts. Agriculture is made difficult by lack of rain and is restricted to only four islands for most of the year. Cape Verde's economy has been steadily growing since the late 1990s, and it is now officially considered a country of average
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approved a package for the accession of Cape Verde to the WTO. Accession was effective on July 23, 2008, 30 days after ratification by Cape Verde, which took place on 23 June. The package requires Cape Verde to adapt some of its economic regulation. In particular, it will need to introduce a new
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Cape Verde received a total of about U.S.$ 50 million in foreign investments, of which 50% was in industry, 19% in tourism, and 31% in fisheries and services. Prospects for 2000 depend heavily on the maintenance of aid flows, remittances, and the momentum of the government's development program.
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sector and attracting foreign investment to diversify the economy. Since 1991, the policies the government has pursued include an open welcome to foreign investors and a far-reaching privatization program.
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The economy is service-oriented, with commerce, transport, and public services accounting for almost 70% of the GDP. Although nearly 35% of the population lives in rural areas, the share of
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Mining is an insignificant contributor to the country's economy. Most of the country's mineral requirements are imported. As of 2007, production of mineral commodities was limited to
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recently renovated. The major ports are Mindelo and Praia, but all other islands have small port facilities, some of which are to be expanded in the near future. In addition to the
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on TRIPS and Public Health, the provisions related to the scope and use of patents and the protection of undisclosed information would be implemented by January 2016."
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Fish and shellfish are plentiful, and small quantities are exported. Cape Verde has cold storage and freezing facilities as well as
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in 1994. Cape Verde has significant cooperation with Portugal at every level of the economy, which has led it to
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on the islands of Maio and Sal. Cape Verde was not a natural gas or petroleum producer as of 2007.
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is a service-oriented economy that is focused on commerce, trade, transport and public services.
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development, being only the second African country to have achieved such transition, after
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Cape Verde's other accession commitments: Besides Market access for goods and services
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in GDP in 2010 was only 9.2% (up from 8.9% in 1995); of the 1998 total,
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The following table shows the main economic indicators in 1980–2017.
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In 2007 the United Nations graduated Cape Verde from the category of
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refined petroleum, delivery trucks, coal tar oil, cars, rice (2019)
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Agreement on Trade-Related Aspects of Intellectual Property Rights
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This article incorporates text from this source, which is in the
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processed and frozen fish, mollusks, clothing, scrap iron (2019)
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Legislative Profile of Cape Verde Intellectual Property Laws
718:, only the second time this has happened to a country. 1605: 1596: 1587: 707:, and is included on the list of the United Nations 2479: 2410: 2337: 2249: 2199: 2077: 2052: 1771: 1415:"The Mineral Industries of Cameroon and Cape Verde" 487: 479: 471: 463: 449: 444: 429: 357: 347: 339: 281: 271: 263: 258: 244: 234: 219: 202: 181: 148: 129: 96: 91: 75: 63: 52: 721:On December 18, 2007, the General Council of the 1250:"World Economic Outlook Database, October 2019" 1583:World Bank: Cape Verde - Data & Statistics 254:, shoes and garments, salt mining, ship repair 2173: 1749: 1644: 1624:Cape Verde latest trade data on ITC Trade Map 1221:United Nations Economic Commission for Africa 8: 1548:"Report for Selected Countries and Subjects" 522:All values, unless otherwise stated, are in 29: 1493:agreement by January 2013. In light of the 1474:WTO press release on Cape Verde's accession 2485: 2416: 2343: 2255: 2180: 2166: 2158: 1756: 1742: 1734: 1651: 1637: 1629: 1409: 1407: 1405: 1403: 1244: 1242: 1240: 1238: 1236: 2641:World Trade Organization member economies 595:. However, the fishing potential, mostly 1461:"Cape Verde to join WTO on 23 July 2008" 752: 740:World Intellectual Property Organization 1232: 658:on the islands of Boa Vista, Sal, and 483:$ 136 million (recipient) (As of 2009) 28: 7: 666:on the island of Santo Antão; and 25: 1588:Instituto Nacional de Estatística 110:$ 2.8 billion (nominal, 2024 est) 2064:Sahrawi Arab Democratic Republic 1834:Democratic Republic of the Congo 1659: 1593:National Institute of Statistics 1429: 409: 395: 381: 367: 319: 305: 291: 166: 165: 158: 157: 114: 113: 106: 105: 38: 1450:, UN News Centre, 14 June 2007. 1426:United States Geological Survey 1336:"Import Partners of Cape Verde" 1311:"Export Partners of Cape Verde" 726:Customs Code, and to introduce 2636:African Union member economies 1606:Bolsa de Valores de Cabo Verde 709:Small Island Developing States 1: 689:international airport on Sal 162:$ 4,790 (nominal, 2024 est.) 1611:Cape Verdean Stock Exchange 1286:openknowledge.worldbank.org 1258:International Monetary Fund 703:Cape Verde is considered a 693:Praia International Airport 475:$ 595.9 million (2009 est.) 2657: 2219:Capture of Santiago (1585) 1602:Central Bank of Cape Verde 603:, is not fully exploited. 440:$ 284 million (As of 2010) 343:$ 1.29 billion (2019 est.) 246:Labour force by occupation 2587: 2488: 2419: 2346: 2258: 1671: 716:Least Developed Countries 699:International recognition 519: 467:$ 480 million (2009 est.) 141:4.5% (2018e) 4.4% (2019f) 37: 18:Agriculture in Cape Verde 2315:Villages and settlements 2263:Administrative divisions 1819:Central African Republic 1529:. afrol News. 2008-07-23 1365:"Sovereigns rating list" 734:laws complying with the 723:World Trade Organization 695:is currently operative. 2503:Cape Verdean Portuguese 1367:. Standard & Poor's 773:(in bil. US$ nominal) 512:BB (T&C Assessment) 267:$ 1 billion (2019 est.) 138:4.7% (2016) 4.0% (2017) 1527:"Cape Verde joins WTO" 1342:. 2016. Archived from 683: 581:fish processing plants 2631:Economy of Cape Verde 1979:São Tomé and Príncipe 1839:Republic of the Congo 1665:Economy of Cape Verde 1615:Economy of Cape Verde 681: 563:and, in 1999, to the 536:economy of Cape Verde 501:Standard & Poor's 789:(Percentage of GDP) 359:Main import partners 283:Main export partners 250:food and beverages, 198:(74.2%) (As of 2017) 2498:Cape Verdean Creole 2054:States with limited 1597:Banco de Cabo Verde 1216:Cape Verdean escudo 761:(in bil. US$ PPP) 738:. According to the 682:Shipyard at Mindelo 614:accounts for 1.5%. 557:Cape Verdean escudo 77:Trade organisations 57:Cape Verdean escudo 34: 2452:Telecommunications 1765:Economy of Africa 1696:Telecommunications 1571:CIA World Factbook 1513:2008-08-13 at the 1413:Newman, Harold R. 1340:CIA World Factbook 1315:CIA World Factbook 705:developing country 684: 630:on the islands of 44:A market place in 2618: 2617: 2583: 2582: 2475: 2474: 2406: 2405: 2388:Political parties 2383:National Assembly 2356:Foreign relations 2333: 2332: 2155: 2154: 2081:other territories 1854:Equatorial Guinea 1731: 1730: 1421:Minerals Yearbook 1207: 1206: 650:on the island of 561:Portuguese escudo 553:link its currency 532: 531: 480:Economic aid 221:Population below 16:(Redirected from 2648: 2603: 2596: 2486: 2442: 2417: 2344: 2256: 2182: 2175: 2168: 2159: 2142: 2141:(United Kingdom) 2137:Tristan da Cunha 2133:Ascension Island 2125: 2112: 2103: 2079:Dependencies and 1772:Sovereign states 1758: 1751: 1744: 1735: 1663: 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1657: 1609:(in Portuguese) 1608: 1600:(in Portuguese) 1599: 1591:(in Portuguese) 1590: 1579: 1567: 1562: 1561: 1552: 1550: 1546: 1545: 1541: 1532: 1530: 1525: 1524: 1520: 1515:Wayback Machine 1505: 1501: 1483: 1479: 1472: 1468: 1459: 1458: 1454: 1446: 1442: 1430: 1412: 1401: 1391: 1389: 1385: 1384: 1380: 1370: 1368: 1363: 1362: 1358: 1349: 1347: 1334: 1333: 1329: 1320: 1318: 1309: 1308: 1304: 1294: 1292: 1281: 1277: 1276: 1272: 1262: 1260: 1248: 1247: 1234: 1229: 1212: 788: 787:Government debt 783: 778: 765:GDP per capita 748: 701: 676: 624: 573: 559:) first to the 528: 515: 494: 490: 456: 453:Government debt 452: 445:Public finances 437: 433: 425: 410: 408: 396: 394: 382: 380: 368: 366: 360: 350: 335: 320: 318: 306: 304: 292: 290: 284: 274: 252:fish processing 247: 237: 227: 222: 212: 184: 177: 151: 144: 132: 125: 78: 68: 48: 31: 23: 22: 15: 12: 11: 5: 2654: 2652: 2644: 2643: 2638: 2633: 2623: 2622: 2616: 2615: 2613: 2612: 2605: 2604: 2597: 2589: 2588: 2585: 2584: 2581: 2580: 2578: 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150:GDP per capita 149: 146: 145: 143: 142: 139: 135: 133: 130: 127: 126: 124: 123: 111: 102: 100: 94: 93: 89: 88: 79: 76: 73: 72: 69: 64: 61: 60: 54: 50: 49: 43: 24: 14: 13: 10: 9: 6: 4: 3: 2: 2653: 2642: 2639: 2637: 2634: 2632: 2629: 2628: 2626: 2611: 2608: 2607: 2602: 2598: 2595: 2591: 2590: 2586: 2576: 2573: 2571: 2568: 2566: 2563: 2561: 2558: 2556: 2553: 2551: 2548: 2546: 2543: 2541: 2538: 2536: 2533: 2531: 2528: 2526: 2523: 2521: 2518: 2514: 2511: 2510: 2509: 2508:Cape Verdeans 2506: 2504: 2501: 2499: 2496: 2494: 2491: 2490: 2487: 2484: 2482: 2478: 2468: 2465: 2463: 2460: 2458: 2455: 2453: 2450: 2448: 2445: 2443: 2437: 2435: 2432: 2430: 2427: 2425: 2422: 2421: 2418: 2415: 2413: 2409: 2399: 2396: 2394: 2391: 2389: 2386: 2384: 2381: 2379: 2376: 2374: 2371: 2367: 2364: 2363: 2362: 2359: 2357: 2354: 2352: 2349: 2348: 2345: 2342: 2340: 2336: 2326: 2323: 2321: 2318: 2316: 2313: 2311: 2308: 2306: 2303: 2301: 2298: 2294: 2291: 2289: 2286: 2285: 2284: 2281: 2279: 2276: 2274: 2271: 2269: 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1144: 1141: 1138: 1137: 1133: 1130: 1127: 1124: 1121: 1118: 1115: 1114: 1110: 1107: 1104: 1101: 1098: 1095: 1092: 1091: 1087: 1084: 1081: 1078: 1075: 1072: 1069: 1068: 1064: 1061: 1058: 1055: 1052: 1049: 1046: 1045: 1041: 1038: 1035: 1032: 1029: 1026: 1023: 1022: 1018: 1015: 1012: 1009: 1006: 1003: 1000: 999: 995: 992: 989: 986: 983: 980: 977: 976: 972: 969: 966: 963: 960: 957: 954: 953: 949: 946: 943: 940: 937: 934: 931: 930: 926: 923: 920: 917: 914: 911: 908: 907: 903: 900: 897: 894: 891: 888: 885: 884: 880: 877: 874: 871: 868: 865: 862: 861: 857: 854: 851: 848: 845: 842: 839: 838: 834: 831: 828: 825: 822: 819: 816: 815: 811: 808: 805: 802: 799: 796: 793: 792: 786: 784:(in Percent) 781: 776: 774: 770: 768: 764: 762: 758: 755: 754: 751: 745: 743: 741: 737: 733: 729: 724: 719: 717: 712: 710: 706: 698: 696: 694: 690: 680: 673: 671: 669: 665: 661: 657: 653: 649: 645: 641: 637: 633: 629: 621: 619: 615: 613: 609: 604: 602: 598: 594: 590: 586: 582: 577: 570: 568: 566: 562: 558: 554: 550: 545: 541: 537: 527: 525: 518: 511: 508: 506:B+ (Domestic) 505: 502: 499: 498: 496: 493: 491:Credit rating 486: 482: 478: 474: 470: 466: 462: 458: 455: 448: 443: 439: 436: 434:external debt 428: 421: 418: 407: 404: 393: 390: 379: 376: 365: 364: 362: 356: 352: 346: 342: 338: 331: 328: 317: 314: 303: 300: 289: 288: 286: 280: 276: 270: 266: 262: 257: 253: 249: 243: 239: 233: 229: 225: 218: 215:1.275% (2018) 214: 210: 206: 201: 197: 193: 189: 186: 183:GDP by sector 180: 173: 164: 156: 155: 153: 147: 140: 137: 136: 134: 128: 121: 112: 104: 103: 101: 99: 95: 90: 87: 83: 80: 74: 71:Calendar year 70: 67: 62: 58: 55: 51: 47: 41: 36: 27: 19: 2530:Demographics 2447:Stock market 2411: 2361:Human rights 2231:World War II 2209:Colonial era 2129:Saint Helena 2100:   2004:South Africa 1994:Sierra Leone 1813: 1799:Burkina Faso 1681:Central Bank 1664: 1551:. Retrieved 1542: 1531:. Retrieved 1521: 1502: 1485: 1480: 1469: 1455: 1443: 1418: 1390:. Retrieved 1387:"Cape Verde" 1381: 1369:. Retrieved 1359: 1348:. Retrieved 1344:the original 1330: 1319:. Retrieved 1305: 1293:. Retrieved 1285: 1273: 1261:. Retrieved 1253: 1177:−1.4 % 1131:−0.2 % 1013:−1.3 % 901:−2,4 % 855:11.1 % 809:15.1 % 772: 766: 760: 749: 720: 713: 702: 685: 625: 616: 605: 578: 574: 544:archipelagic 535: 533: 521: 509:B+ (Foreign) 349:Import goods 273:Export goods 236:Labour force 224:poverty line 174:, 2024 est.) 26: 2424:Agriculture 2056:recognition 2009:South Sudan 1899:Ivory Coast 1676:Agriculture 1463:. WTO News. 1203:126 % 1200:0.8 % 1197:4.0 % 1180:129 % 1174:3.8 % 1157:126 % 1154:0.1 % 1151:1.0 % 1134:116 % 1128:0.6 % 1111:102 % 1108:1.5 % 1105:0.8 % 1085:2.5 % 1082:1.1 % 1062:4.5 % 1059:4.0 % 1039:2.1 % 1036:1.5 % 1016:1.0 % 993:6.8 % 990:6.7 % 970:4,4 % 967:9.2 % 947:4,8 % 944:9.1 % 924:0,4 % 921:5.8 % 898:7.3 % 878:8.4 % 875:7.5 % 852:0.7 % 832:5.9 % 829:8.6 % 806:5.3 % 660:Santo Antão 640:São Vicente 608:agriculture 542:is a small 389:Netherlands 188:agriculture 122:, 2024 est) 66:Fiscal year 30:Economy of 2625:Categories 2493:Basketball 2441:(currency) 2288:Barlavento 2189:Cape Verde 2111:(Portugal) 2069:Somaliland 1989:Seychelles 1954:Mozambique 1939:Mauritania 1924:Madagascar 1879:The Gambia 1814:Cape Verde 1565:References 1553:2018-09-10 1533:2008-07-24 1392:28 October 1350:2018-02-11 1321:2019-10-09 1295:6 December 1290:World Bank 1263:6 December 1088:91 % 1065:79 % 1042:72 % 1019:65 % 996:57 % 973:65 % 950:77 % 927:85 % 904:83 % 777:GDP growth 540:Cape Verde 524:US dollars 170:$ 10,460 ( 131:GDP growth 92:Statistics 32:Cape Verde 2535:Education 2462:Transport 2429:Companies 2393:President 2351:Elections 2320:Volcanoes 2300:Mountains 2293:Sotavento 2251:Geography 2214:governors 1944:Mauritius 1706:Transport 782:Inflation 728:copyright 664:pozzolana 656:limestone 632:Boa Vista 591:, and on 571:Resources 205:Inflation 194:(17.9%), 2610:Category 2575:Religion 2550:Football 2378:Military 2339:Politics 2325:Wildlife 2193:articles 2135: / 2131: / 2124:(France) 2118: / 2096: / 2092: / 2044:Zimbabwe 2019:Tanzania 1869:Ethiopia 1864:Eswatini 1844:Djibouti 1809:Cameroon 1794:Botswana 1686:Currency 1511:Archived 1210:See also 648:iron ore 549:Botswana 472:Expenses 464:Revenues 375:Portugal 313:Portugal 259:External 196:services 192:industry 190:(7.9%), 53:Currency 2594:Outline 2525:Cuisine 2481:Culture 2457:Tourism 2439:Escudo 2412:Economy 2310:Streams 2283:Islands 2273:Climate 2226:Famines 2201:History 2120:Réunion 2116:Mayotte 2107:Madeira 2102:(Spain) 2098:Melilla 2029:Tunisia 1999:Somalia 1984:Senegal 1969:Nigeria 1959:Namibia 1949:Morocco 1914:Liberia 1909:Lesotho 1859:Eritrea 1829:Comoros 1804:Burundi 1779:Algeria 1716:UNTC-CS 1701:Tourism 1417:(PDF). 1254:IMF.org 779:(real) 612:fishing 597:lobster 585:Mindelo 340:Imports 264:Exports 2555:Health 2540:Emblem 2467:Unions 2434:Energy 2268:Cities 2191:  2139:  2122:  2109:  2039:Zambia 2034:Uganda 1974:Rwanda 1929:Malawi 1889:Guinea 1784:Angola 1711:Unions 1619:Curlie 1506:WIPO, 1371:26 May 1317:. 2017 1191:6,944 1168:6,643 1145:6,396 1122:6,342 1099:6,268 1076:6,195 1053:6,205 1030:5,883 1007:5,750 984:5,793 961:5,338 938:4,778 915:4,278 892:3,089 869:2,106 846:1,633 823:1,287 732:patent 644:gypsum 638:, and 431:Gross 422:(2016) 414:  400:  386:  372:  332:(2016) 324:  310:  296:  2601:Index 2565:Music 2560:Media 2520:Crime 2305:Ports 2241:PAICV 2236:PAIGC 2094:Ceuta 2014:Sudan 1964:Niger 1919:Libya 1904:Kenya 1884:Ghana 1874:Gabon 1849:Egypt 1789:Benin 1491:TRIPS 1419:2007 1282:(PDF) 1227:Notes 1194:1.97 1188:3.96 1185:2017 1171:1.86 1165:3.53 1162:2016 1148:1.75 1142:3.36 1139:2015 1125:2.04 1119:3.29 1116:2014 1102:2.03 1096:3.21 1093:2013 1079:1.91 1073:3.13 1070:2012 1056:2.05 1050:3.04 1047:2011 1033:1.83 1027:2.87 1024:2010 1010:1.85 1004:2.79 1001:2009 987:1.96 981:2.81 978:2008 964:1.65 958:2.58 955:2007 941:1.26 935:2.30 932:2006 918:1.12 912:2.05 909:2005 895:0.61 889:1.37 886:2000 872:0.54 866:0.84 863:1995 849:0.34 843:0.69 840:1990 826:0.15 820:0.41 817:1985 803:0.16 797:0.23 794:1980 756:Year 589:Praia 555:(the 417:China 403:Spain 327:Italy 299:Spain 59:(CVE) 46:Praia 2545:Flag 2513:list 2366:LGBT 2024:Togo 1934:Mali 1824:Chad 1721:CCSL 1394:2019 1373:2011 1297:2019 1265:2019 881:... 858:... 835:... 812:... 800:798 771:GDP 759:GDP 746:Data 730:and 668:salt 652:Maio 646:and 628:clay 601:tuna 599:and 565:euro 534:The 1617:at 636:Sal 593:Sal 583:in 405:11% 391:16% 377:39% 315:14% 301:65% 209:CPI 172:PPP 120:PPP 98:GDP 86:WTO 2627:: 1438:.. 1424:. 1402:^ 1338:. 1313:. 1288:. 1284:. 1256:. 1252:. 1235:^ 711:. 662:; 654:; 642:; 634:, 587:, 567:. 419:6% 329:8% 84:, 82:AU 2181:e 2174:t 2167:v 1757:e 1750:t 1743:v 1652:e 1645:t 1638:v 1556:. 1536:. 1396:. 1375:. 1353:. 1324:. 1299:. 1267:. 526:. 503:: 211:) 207:( 20:)

Index

Agriculture in Cape Verde

Praia
Cape Verdean escudo
Fiscal year
AU
WTO
GDP
PPP
PPP
agriculture
industry
services
Inflation
CPI
poverty line
fish processing
Spain
Portugal
Italy
Portugal
Netherlands
Spain
China
external debt
Government debt
Credit rating
Standard & Poor's
US dollars
Cape Verde

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