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
Cape Verde wave sailing (a type of windsurfing) and kiteboarding. Josh Angulo, a Hawaiian and 2009 PWA Wave World Champion, has done much to promote the archipelago as a windsurfing destination. Cape Verde is now his adopted country. Mitu Monteiro, a local kitesurfer, was the 2008 Kite Surfing World Champion in the wave discipline. The Cape Verde national football team, nicknamed either the "Tubarões Azuis" (Blue Sharks) or "Crioulos" (Creoles), is the national team of Cape Verde and is controlled by the Federação Caboverdiana de Futebol. The team has played at two Africa Cup of Nations, in 2013 and 2015. The country