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 Cape Verde African Party for the Independence of Cape Verde The African Party of Independence of Cape Verde () is a former socialist party and currently a social-democratic political party in Cape Verde. Its members are nicknamed “os tambarinas” in Portuguese (the tamarinds), and they identify themselves with the color yellow. In 1956, its forerunner, the African Party for the Independence of Guinea and Cape Verde (PAIGC), was founded by the Bissau-Guinean nationalist leader Amílcar Cabral. PAIGC fought to overthrow the Portuguese Empire, unify Cape Verde and Guinea-Bissau, and use its vanguardism to advance socialist revolution. From 1961 on, the PAIGC fought