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
Santa Cruz, Cape Verde Praia were separated to become the Municipality of Santa Cruz. In 2005, a southern parish of the municipality was split off to become the Municipality of São Lourenço dos Órgãos. At the federal level, it belongs to the constituency of Santiago North. Since 2004, the African Party for the Independence of Cape Verde (PAICV) is the ruling party of the municipality. The results of the latest elections, in 2016: The municipality of Santa Cruz is twinned with: Santa Cruz, Cape Verde Santa Cruz is a "concelho" (municipality) of Cape Verde. It is situated in the eastern part of the island