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 emblem of Cape Verde symbolizes righteousness and uprightness which constitute the "key vault" of Cape Verdean constitution. The equilateral triangle symbolizes unity, equality and people's civil rights recognized by the democratic system. The torch symbolizes freedom gained after many years of struggle. The sea symbolizes nostalgia. The palms symbolize victory won in the struggle for national independence, and the stars represent the ten islands that form the archipelago of Cape Verde. National emblem of Cape Verde The national emblem of Cape Verde contains a circle within which is written the name of the nation in Portuguese. Within the circle are a torch and triangle,