Cape Verde Business Directory & List of Companies
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Capital City and 5 Largest Cities in Cape Verde
Praia - Praia is the capital and largest city of Cape Verde. It is located on the island of Santiago.
Mindelo - 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 - Santa Maria is a resort town on the island of Sal and is one of the country's primary tourist destinations.
Assomada - Assomada is a town located on the island of Santiago and is known for its agricultural activities.
Espargos - 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
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Economy of Cape Verde
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Gross Domestic Product (GDP): In 2020, Cape Verde's GDP was approximately 2.29 billion USD.
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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.
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Inflation Rate: In 2020, Cape Verde's inflation rate was around 1.3%.
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Unemployment Rate: The unemployment rate in Cape Verde varies, but it was estimated to be around 11.8% in 2020.
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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.
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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.
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Imports: Cape Verde imports a range of goods, including food products, machinery, petroleum products, and construction materials.
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Currency: The currency of Cape Verde is the Cape Verdean escudo (CVE).
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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
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Cabo Verde Telecom: Cabo Verde Telecom is the national telecommunications company of Cape Verde, providing fixed-line, mobile, and internet services.
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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.
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Banco Comercial do Atlântico (BCA): BCA is one of the prominent banks in Cape Verde, offering various banking and financial services.
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Cabo Verde Fast Ferry: This company operates high-speed ferries that connect various islands in Cape Verde, making transportation between islands more accessible.
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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
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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.
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BCN - Banco Caboverdiano de Negócios: BCN is another significant commercial bank in Cape Verde, providing various banking products and services.
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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.
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BIC - Banco Internacional de Cabo Verde: BIC operates in Cape Verde and provides a range of banking services, including retail and corporate banking.
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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.
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