Cape Verde Business Directory & List of Companies

Capital City and 5 Largest Cities in Cape Verde

Praia

Mindelo

Santa Maria

Assomada

Espargos

Cape Verde on map of Africa

Economy of Cape Verde

1. Gross Domestic Product (GDP): In 2020, Cape Verde's GDP was approximately 2.29 billion USD.
2. 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.
3. Inflation Rate: In 2020, Cape Verde's inflation rate was around 1.3%.
4. Unemployment Rate: The unemployment rate in Cape Verde varies, but it was estimated to be around 11.8% in 2020.
5. 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.
6. 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.
7. Imports: Cape Verde imports a range of goods, including food products, machinery, petroleum products, and construction materials.
8. Currency: The currency of Cape Verde is the Cape Verdean escudo (CVE).
9. 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

1. Cabo Verde Telecom: Cabo Verde Telecom is the national telecommunications company of Cape Verde, providing fixed-line, mobile, and internet services.
2. 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.
3. Banco Comercial do Atlântico (BCA): BCA is one of the prominent banks in Cape Verde, offering various banking and financial services.
4. Cabo Verde Fast Ferry: This company operates high-speed ferries that connect various islands in Cape Verde, making transportation between islands more accessible.
5. 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

1. 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.
2. BCN - Banco Caboverdiano de Negócios: BCN is another significant commercial bank in Cape Verde, providing various banking products and services.
3. 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.
4. BIC - Banco Internacional de Cabo Verde: BIC operates in Cape Verde and provides a range of banking services, including retail and corporate banking.
5. 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.