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- Praia is the capital and largest city of Cape Verde. It is located on the island of Santiago.
- Mindelo is the second-largest city and is situated on the island of São Vicente. It is known for its cultural vibrancy and is a significant port city.
- Santa Maria is a resort town on the island of Sal and is one of the country's primary tourist destinations.
- Assomada is a town located on the island of Santiago and is known for its agricultural activities.
- Espargos is the largest town on the island of Sal and serves as the administrative center for the island.
Cape Verde on map of Africa
Economy of Cape Verde
Gross Domestic Product (GDP): In 2020, Cape Verde's GDP was approximately 2.29 billion USD.
GDP per Capita: The GDP per capita in Cape Verde was estimated to be around 4,200 USD in 2020. This figure represents the average income per person in the country.
Inflation Rate: In 2020, Cape Verde's inflation rate was around 1.3%.
Unemployment Rate: The unemployment rate in Cape Verde varies, but it was estimated to be around 11.8% in 2020.
Major Industries: Cape Verde's economy is based on various sectors, including tourism, services, agriculture, and fishing. Tourism is a significant driver of the economy, contributing to employment and foreign exchange earnings.
Exports: Cape Verde exports commodities such as fish and seafood, clothing, and shoes. The country also relies on remittances from Cape Verdeans living abroad as a significant source of income.
Imports: Cape Verde imports a range of goods, including food products, machinery, petroleum products, and construction materials.
Currency: The currency of Cape Verde is the Cape Verdean escudo (CVE).
Tourism: Tourism plays a vital role in Cape Verde's economy, with visitors attracted to its beautiful beaches, culture, and music.
Five Largest Companies in Cape Verde
Cabo Verde Telecom: Cabo Verde Telecom is the national telecommunications company of Cape Verde, providing fixed-line, mobile, and internet services.
Cabo Verde Airlines (TACV): The national airline of Cape Verde, formerly known as TACV (Transportes Aéreos de Cabo Verde), connects the islands of Cape Verde with international destinations.
Banco Comercial do Atlântico (BCA): BCA is one of the prominent banks in Cape Verde, offering various banking and financial services.
Cabo Verde Fast Ferry: This company operates high-speed ferries that connect various islands in Cape Verde, making transportation between islands more accessible.
Cabo Verde TradeInvest: Cabo Verde TradeInvest is the government agency responsible for promoting investment and trade in Cape Verde. While not a company in the traditional sense, it plays a crucial role in facilitating business activities in the country.
Five Largest Banks in Cape Verde
BCA - Banco Comercial do Atlântico: BCA is one of the largest and most prominent banks in Cape Verde. It offers a wide range of banking and financial services to individuals and businesses.
BCN - Banco Caboverdiano de Negócios: BCN is another significant commercial bank in Cape Verde, providing various banking products and services.
Caixa Económica de Cabo Verde (CECV): Caixa Económica is a financial institution in Cape Verde that offers banking and financial services, including savings accounts, loans, and mortgages.
BIC - Banco Internacional de Cabo Verde: BIC operates in Cape Verde and provides a range of banking services, including retail and corporate banking.
BCP - Banco Comercial do Porto: BCP is part of the Portuguese financial group Millennium BCP and has a presence in Cape Verde, offering banking services to customers.
Top Company Listings in Cape Verde Business Directory