CAPE VERDE ISLANDS
Country risk rating
C3
SENSITIVE RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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| GDP | USD 1.704bn (World ranking 181, World Bank 2020) |
| Population | 0.55mn (World ranking 169, World Bank 2020) |
| Form of state | Semi-presidential republic |
| Head of state | José Maria Neves (President) |
| Next elections | 2026, presidential |
- Generally stable and pro-business political environment
- Thriving tourism industry
- Clear investment laws offering investors protection and guarantees, which are attracting foreign direct investments to the country
- Currency pegged to the Euro
- High public (127% of GDP) and external debt (100% of GDP) ratios
- Dependency on tourism
- Structural current account deficit (-8% of GDP in 2019)
- Exposure to natural disasters, as well as climate change
- High unemployment (28% in 2018)
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