Cape Verde independence for the archipelago in 1975. Following the April 1974 revolution in Portugal, the PAIGC became an active political movement in Cape Verde. In December 1974, the PAIGC and Portugal signed an agreement providing for a transitional government composed of Portuguese and Cape Verdeans. On 30 June 1975, Cape Verdeans elected a National Assembly which received the instruments of independence from Portugal on 5 July 1975. In the late 1970s and 1980s, most African countries prohibited South African Airways from overflights but Cape Verde allowed them and became a centre of activity for the airline's flights to Europe and the
Economy of Cape Verde strengthen multilateral trading system. Being part of the WTO will enable Cape Verde to continue its integration into the world economy." The following table shows the main economic indicators in 1980–2017. 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