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
African Party for the Independence of Guinea and Cape Verde abortive attack by PAIGC guerrillas on Praia. Guerrilla warfare was largely concentrated to the mainland Guinea, however, as logistical reasons prevented an armed struggle on the Cape Verde islands. On the Cape Verde islands PAIGC worked in a clandestine manner. After being nearly crippled militarily, Amílcar Cabral ordered that sabotage be the PAIGC's main weapon until military strength could be regained. On 23 January 1963 the PAIGC started the Guinea-Bissau War of Independence by attacking a Portuguese garrison in Tite. Frequent attacks in the north also took place. In that same month, attacks on police stations in Fulacunda and Buba