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 21 August 2011, Manuel Inocêncio Sousa lost to Jorge Carlos Fonseca (MpD) with 32.66% of the votes in the first round and 45.74% in the second round. The PAICV, which advertises itself as an Africa-oriented political party in contrast to the somewhat neoliberal and europhile MpD, enjoys its greatest support in the municipalities most comparable to those on the African mainland: the dense urban areas such as Praia, and rural agricultural areas such as Santa Cruz and São Filipe. The party is a full member of the Socialist International. African Party for the Independence of Cape Verde The African Party