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
Politics of Cape Verde declares that the government is the "organ that defines, leads, and executes the general internal and external policy of the country" and is responsible to the National Assembly. Following independence in 1975, the African Party for the Independence of Guinea and Cape Verde (PAIGC) established a one-party political system. This became the African Party for the Independence of Cape Verde (PAICV) in 1980, as Cape Verde sought to distance itself from Guinea-Bissau, following unrest in that country. In 1991, following growing pressure for a more pluralistic society, multi-party elections were held for the first time. The opposition party, the Movement