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Cape Verde Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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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

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