North America
Central & South America
Europe
Africa
Asia & Middle East
Southeast Asia & Oceania
Cape Verde Business Report
General information
Source: The World Factbook - Central Intelligence Agency
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 availableDuties 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!