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
Administrative divisions of Cape Verde Administrative divisions of Cape Verde The territory of Cape Verde is divided into 22 concelhos (municipalities), and subdivided into 32 freguesias (equivalent to civil parish). In Portuguese language usage, there are two words to distinguish the territory and the administrative organ. Administratively, right below the government, there are the municípios (municipalities), who administrate the "concelhos". Therefore, the "concelhos" are the first-level administrative subdivision in Cape Verde. Each municipality has an "Assembleia Municipal" (municipal assembly, the legislative body) and a "Câmara Municipal" (municipal chamber, the executive body). Every four years elections are held for the Assembleia Municipal, the Câmara Municipal and