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
Administrative divisions of Cape Verde the President of the Câmara Municipal. Where a municipality consists of several "freguesias" (civil parishes), a "Delegação Municipal" (municipal delegation) is established in the parishes that do not contain the municipal seat. The islands are traditionally divided in two geographic regions (with no administrative meaning): Island group: The uninhabited island of Santa Luzia and all uninhabited islets, including Raso and Branco, are not part of any municipality, but are in the public domain of the state of Cape Verde. Administrative divisions of Cape Verde The territory of Cape Verde is divided into 22 concelhos (municipalities), and subdivided into 32 freguesias