Access to Markets - Cabo Verde
THE CAPE VERDE MARKET
Cabo Verde on Map
ABOUT THE MARKET
A small island state with an archipelago of ten islands, Cape Verde benefits from its geographical position, located in the heart of the main trade routes linking Africa and Europe with South and North American markets. From north. The geostrategic position and relative economic, political and social stability set Cape Verde apart from most African countries. This positive differentiation attracted official development aid to the archipelago, remittances and, since the 1990s, private investment mainly for the tourism sector.
Cape Verde's economy is mainly based on services, trade, transport, tourism and utilities, accounting for over 74% of gross domestic product (GDP) in 2016. Natural resources are scarce, with severe and prolonged water scarcity. - aggravated by long periods of cyclical drought - and fertile soils on several islands. Although almost 40% of the population lives in rural areas, food production represents a very low GDP (8.1% in 2016), implying that the vast majority of food needed in the country must be purchased from the country. abroad.
After recording GDP growth of 1.1% in 2015, 2016 ended with economic activity rising to 3.9%, a trend that intensified in 2017 with an estimated growth of 4.6%. %, supported by an increase in external demand1, tourism and recovery in domestic demand.
DIFFERENT BUSINESS OPPORTUNITIES IN THE FOLLOWING AREAS:
Tourism and port and airport management
Transportation and logistics
Information technologies, communication and renewable energy
TRADE BALANCE SHEET
Preliminary data on foreign trade compiled by the National Institute of Statistics (INE) show that in the first quarter of 2019 imports and re-exports showed a positive trend (8.1%) and (54.6%) respectively. , and only exports increased negatively (-30.9%) over the same period of the previous year. In the same period, the trade balance deficit increased (11.9%) and the coverage rate decreased by 3.3 pp.
Cape Verde, your investor assistance services, the creation of intercompany agreements, and the identification of terraces to the land, only four to Cape Verde Trade invest.
Cabo Verde - Ilhas Paradisiacas