International Trade in Cape Verde

International Trade in Cape Verde

With an average yearly growth of more than 6% during the decade preceding the global economic crisis, Cape Verde showed consistently good economic performance.  After falling 3% in 2009 due to the effects of the global crisis, the country resumed growth, reaching 4.1% in 2011. According to... Read more

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Market Analyses About Cape Verde (28)

Import and Export Services in Cape Verde (7)

  • Atlantica Translation Company

    Atlantica Translation Company

    Translation Services, Cape Verde

    Professional Translation Services English to Russian, Russian to English: — marketing translation — technical...
  • Heritage Destination Consulting Ltd

    Heritage Destination Consulting Ltd

    Tourism Consulting, Cape Verde

    International Heritage Interpretation & Heritage Tourism Destination Consultants Heritage Destination Consulting...

Business Tips About Cape Verde (15)

Agents and Distributors in Cape Verde (1)

  • Clever Plan

    Clever Plan

    Sales Agents, Cape Verde

    Clever Plan is a trading company specialized in the trade of top branded perfumes, liquor's and beverages, professional hair care...

Overview About International Trade in Cape Verde

Economic Overview

With an average yearly growth of more than 6% during the decade preceding the global economic crisis, Cape Verde showed consistently good economic performance.  After falling 3% in 2009 due to the effects of the global crisis, the country resumed growth, reaching 4.1% in 2011. According to estimates, this trend should continue in 2011. The economic growth of Cape Verde is drawn by the income generated from tourism, and maintained by the international aid and the transfers of the immigrants.

The ambitious objective of the government is to make of Cape Verde an international trade center and service provider, a regional financial place and a recreational center. The main challenges that the country must overcome are its debt and the improvement of its tax system. THe IMF has approved an accord in 2010 as a means of supporting economic policy. In order to consolidate economic stability and ensure strong growth, the program consists namely in a careful management of hte public debt through eliminating non-priority spending, supporting welfare measures to help the most vulnerage parts of the population and a strenghtening of the banking system.

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