Economy of Cape Verde Economy of Cape Verde Cape Verde is a small archipelagic nation that lacks resources and has experienced severe droughts. Agriculture is made difficult by lack of rain and is restricted to only four islands for most of the year. Most of the nation's GDP comes from the service industry. Cape Verde's economy has been steadily growing since the late 1990s, and it is now officially considered a country of average development, being only the second African country to have achieved such transition, after Botswana in 1994. Cape Verde has significant cooperation with Portugal at every level of the economy, which
Science and technology in Cape Verde Economic and Monetary Union, UNESCO, the pan-African Ecobank and the Government of Cape Verde. Science and technology in Cape Verde Science and technology in Cape Verde examines government policies designed to foster a national innovation system and the impact of these policies. Cape Verde remains a model for political rights and civil liberties in Africa, according to a 2014 country study by the African Development Bank. In 2014, it ranked second (after Mauritius) on the Ibrahim Index of African Governance, which assesses 52 countries. On the Human Development Index, it is ranked 123rd. Life expectancy was 75 years in 2013,