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The Economy of Cape Verde |
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Cape Verde's natural resources (other than an abundance of fish from the surrounding ocean) include salt, pozzolana (a volcanic rock used in cement production) and limestone. The economy of Cape Verde is service-orientated, with commerce, transport, and public services accounting for more than 70% of GDP. Although nearly 70% of the population lives in rural areas. agriculture and fishing contribute only about 10% of GDP. About 20% of GDP comes from remittances from expatriate Cape Verdeans. From 1994 to 2000 foreign investment amounted to US$407 million, of which 58% was tourism, 17% in industry, 4% in infrastructure, and 21% in fisheries and services.
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Currency
There are approximately 100 Cape Verde Escudos (CVEsc) to the Euro which itself is generally accepted in most shops and restaurants. Property prices are usually quoted in Euros.
Health
Courses or boosters usually advised:Diphtheria; Tetanus;Poliomyelitis (Polio); Hepatitis A; Typhoid.
Vaccines sometimes advised: Rabies; Hepatitis B; Tuberculosis.
Any decision to invest should not be based upon the above information and should only be made after taking independent financial and legal advice.
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