Cape Verde: Recent Economic Developments
Summary:
This paper describes economic developments in Cape Verde during 1990–96. After a noticeable slowdown during 1989–91, the Cape Verdean economy rebounded in 1992 and continued to expand in 1993–95, prompted by a sustained increase in public spending and the positive effects of a liberalization of economic activities. Real GDP growth averaged 4 percent during 1992–95, but domestic, economic, and financial developments were characterized by increasing imbalances. Total government expenditure increased rapidly, reaching on average 60.1 percent of GDP in 1994–95, far outpacing any growth in domestic revenues and external grants.
Series:
Country Report No. 1996/103
Subject:
Economic sectors Income Labor Migration National accounts Population and demographics Public enterprises Public sector Wages
English
Publication Date:
October 15, 1996
ISBN/ISSN:
9781451809237/1934-7685
Stock No:
1CPVEA0011996
Pages:
141
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