Country explorer: Cape Verde
EXPERIMENTAL
2024
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Overview
Cape Verde is a volcanic, lower-middle-income island nation in Africa with a very small population. Its economy has grown stably in recent decades, and is based on tourism, fishing and agriculture.
Cape Verde boasts stunning white sandy beaches and crystal-clear waters perfect for diving and snorkeling.
Economy
Cape Verde has experienced a steady improvement in economic indicators such as GDP per capita and a decrease in poverty, alongside managing relatively stable inflation rates and unemployment, distinguishing it as an African small island developing state with a progressively improving economy.
Demographics
Cape Verde has experienced a steady population growth with a declining fertility rate and a consistent pattern of net emigration, highlighting a transition towards lower natural increase and higher life expectancy, aligning it with broader global trends towards smaller families and improved health outcomes.
Basic needs
Cape Verde has demonstrated notable progress in improving basic needs, with significant increases in the population's access to clean cooking fuels and electricity, setting it apart from many of its peers in terms of advancements in living standards and public health.
Human development
Cape Verde has demonstrated significant and consistent progress in human development, with notable improvements in the Human Development Index, a considerable reduction in child mortality rates, and a remarkable increase in adult literacy rates, indicative of profound societal advancements and distinguishing it positively among lower-middle-income countries.
Environment & energy
Cape Verde has made notable progress in transitioning to renewable energy sources, as evidenced by a significant increase in solar and wind power, while experiencing moderate growth in forest area and a decrease in freshwater resources per capita, reflecting a broader trend towards sustainable development amidst environmental challenges.
Technology & innovation
Cape Verde has shown a notable digital transformation with a significant increase in internet usage and mobile subscriptions, alongside an emphasis on scientific output, reflecting a societal shift towards embracing technology and innovation, positioning itself as a forefront contender in technological advancement among African island nations.
Culture & society
Cape Verde has experienced a steady reduction in gender inequality, a significant decrease in the age dependency ratio, signaling an evolving demographic and economic landscape, and has maintained a relatively stable share of the population born abroad, reflecting its unique position as both a point of stability and dynamism in the region.
Governance
Cape Verde has consistently demonstrated a commitment to the rule of law, relatively low perceptions of corruption, and high levels of political civil liberties and press freedom, distinguishing itself as a model of stable governance among African island nations and lower-middle-income countries.