Cape Verde Investment Climate Assessment
Cape Verde is a small country with a population of about 472,000 people spread over nine islands in a ten-island archipelago. It is more developed that most other countries in Sub-Saharan Africa. Its per capita Gross Domestic Product (GDP) per capi...
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Format: | Investment Climate Assessment (ICA) |
Language: | English en_US |
Published: |
Washington, DC
2013
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2007/03/16597667/cape-verde-investment-climate-assessment http://hdl.handle.net/10986/12305 |
Summary: | Cape Verde is a small country with a
population of about 472,000 people spread over nine islands
in a ten-island archipelago. It is more developed that most
other countries in Sub-Saharan Africa. Its per capita Gross
Domestic Product (GDP) per capita is US$5,715 in purchasing
power parity (PPP) adjusted terms in 2004. The economy is
dominated by the service sector, which accounted for about
75.5 percent of GDP in 2005. As a small island economy, Cape
Verde is heavily dependent upon external economies.
Remittances and foreign aid are important sources of capital
and the economy is heavily dependent upon imports for much
of its consumption and investment. Recent growth in the
tourism sector has further increased Cape Verde's
integration into the world economy. The main sources of
information for the Investment Climate Assessment (ICA) are
two surveys carried out in Cape Verde in March and April
2006. Both surveys were conducted in two locations, Praia
and Mindelo. The first survey, the Investment Climate Survey
(ICS), covered formal enterprises with over five employees
in manufacturing, retail trade, construction, and other
services. Firms were randomly selected from lists provided
by the National Institute of Statistics (INE). The second
survey, the Microenterprise Investment Climate Survey
(MICS), covered Microenterprises in the same sectors. Firms
in this sample were selected randomly in prescribed areas of
the cities. This approach means that the survey will cover
both registered and unregistered microenterprises. Because
the two surveys were sampled using different methodologies
and because there is no way to weight the firms in the two
samples they are not pooled in the analysis. |
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