North America

Central & South America

Europe

Africa

Asia & Middle East

Southeast Asia & Oceania

map

Cape Verde Business Report

General information
Source: The World Factbook - Central Intelligence Agency
flag
Population
568,373 (July 2018 est.)
GDP (PPP)
$3.8 billion (2017 est.)

Very small economy. Tourism is the mainstay of the economy and depends on conditions in the euro-zone countries.

GDP growth rate
4.0% (2017 est.)

Heavily dependent on the eurozone economy. It suffered the crises of 2008 and 2011

GDP (PPP) per capita
$7,000 (2017 est.)

Very low

Local currency
Cabo Verdean escudos (CVE)

Pegged to the EUR

Financial stability (Public debt)
125.8% (2017 est.)

Very high. It increased sharply in the last 10 years.

Inflation
0.8% (2017 est.)

Still low but recovering from deflation

Language
Portuguese (official)

English is spoken in the touristic areas

Corruption perception index (Source: Transparency International)
Data not available

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

Data not available
Corporate Tax

Data not available
Duties

Data not available

Are you interested in Cape Verde business?

Visit our Explore Opportunities page and connect with thousands of companies in Africa that are looking for a partner abroad. Exports from Africa are in great demand from all over the world, you just need to find the right Africa opportunity for your business.

Whether you are looking for Cape Verde export, Cape Verde import, or to invest in Cape Verde, you can use Globartis for doing business in Cape Verde. You can look for Cape Verdean companies or for companies in Praia, the capital city and one of the best places for Africa opportunity in business.

Join now for free and start doing business in Africa! Find partners for your Africa business on Globartis!