Are the islands politically and economically stable?
Cape Verde is peaceful and all transitions of power have occurred smoothly. Cape Verde is the fourth most developed nation in Africa, behind Tunisia, Mauritius and the Seychelles, all of whom already enjoy significant tourist revenues. Inflation is low at 1.4% with average GDP per capita growth over the last 5 years between 5% and 6%. GNP per capita is a little above US$1500. The local government is also seeking to guarantee the future of Cape Verde by working hard to boost the country’s economy and strengthen the booming tourism market. To this end, they are offering some very attractive tax and other incentives for foreign investors and have also developed strong ties with the European Union. Having recently been voted the 10th most stable economy in Africa, in addition to several trade and industry dealings with Portugal – where the islands have many cultural and historical links – in addition to investment programmes with the US, China and the United Nations, Cape Verde is fast bec
