CAPE VERDE ISLANDS

Country risk rating

C3

SENSITIVE RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • 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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