"Cape Verde's notable economic growth and improvement in living conditions despite a lack of natural resources has garnered international recognition, with other countries and international organizations often providing development aid. Since 2007, the UN has classified it as a developing nation rather than a least developed country. Cape Verde has few natural resources. Only five of the ten main islands (Santiago, Santo Antão, São Nicolau, Fogo, and Brava) normally support significant agricultural production, and over 90% of all food consumed in Cape Verde is imported. Mineral resources include salt, pozzolana (a volcanic rock used in cement production), and limestone. Its small number of wineries making Portuguese-style wines have traditionally focused on the domestic market, but have recently met with some international acclaim. A number of wine tours of Cape Verde's various microclimates began to be offered in spring 2010 and can be arranged through the tourism office.
The economy of Cape Verde is service-oriented, with commerce, transport, and public services accounting for more than 70% of GDP. Although nearly 35% of the population lives in rural areas, agriculture and fishing contribute only about 9% of GDP. Light manufacturing accounts for most of the remainder. Fish and shellfish are plentiful, and small quantities are exported. Cape Verde has cold storage and freezing facilities and fish processing plants in Mindelo, Praia, and on Sal. Expatriate Cape Verdeans contribute an amount estimated at about 20% of GDP to the domestic economy through remittances. In spite of having few natural resources and being semi-desert, the country boasts the highest living standards in the region, and has attracted thousands of immigrants of different nationalities." - Wikipedia
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Network Coverage | Sender ID | More Information |
CV Telecom (Movel) | Dynamic Open | |
T+ Telecom | Dynamic Open |
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