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
National Assembly (Cape Verde) the same year. Cape Verde has thirteen constituencies for the National Assembly, 10 are in Cape Verde and the other three are abroad. National Assembly (Cape Verde) The unicameral National Assembly (Portuguese: "Assembleia Nacional") is the legislative body of the Republic of Cape Verde. The country's first legislative election took place in June 1975. The body was known as the National People's Assembly and its members came from the African Party for the Independence of Guinea and Cape Verde (PAIGC), which was the sole political party allowed to field candidates. They elected PAIGC Secretary-general Aristides Pereira President on 5 July