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
Cape Verde–European Union relations Cape Verde–European Union relations Cape Verde is an island nation, part of the Macaronesian group of islands of the Atlantic Ocean and was a former Portuguese colony during the colonial era between 1460 and 1975. EU-Cape Verde relations are founded on the EU/Cape Verde Special Partnership, agreed in 2007, building on six pillars; Following that, an Action Plan for Security and Stability was launched in 2014 and a Mobility Partnership. Cape Verde is 97% Christian and its background is a fusion of African, Asian, European and South American backgrounds, where about 70% is African and mixed. Less than 30% is