Cape Verde Investment Climate Assessment

Cape Verde is a small country with a population of about 472,000 people spread over nine islands in a ten-island archipelago. It is more developed that most other countries in Sub-Saharan Africa. Its per capita Gross Domestic Product (GDP) per capita is US$5,715 in purchasing power parity (PPP) adjusted terms in 2004. The economy is dominated by the service sector, which accounted for about 75.5 percent of GDP in 2005. As a small island economy, Cape Verde is heavily dependent upon external economies. Remittances and foreign aid are important sources of capital and the economy is heavily dependent upon imports for much of its consumption and investment. Recent growth in the tourism sector has further increased Cape Verde's integration into the world economy. The main sources of information for the Investment Climate Assessment (ICA) are two surveys carried out in Cape Verde in March and April 2006. Both surveys were conducted in two locations, Praia and Mindelo. The first survey, the Investment Climate Survey (ICS), covered formal enterprises with over five employees in manufacturing, retail trade, construction, and other services. Firms were randomly selected from lists provided by the National Institute of Statistics (INE). The second survey, the Microenterprise Investment Climate Survey (MICS), covered Microenterprises in the same sectors. Firms in this sample were selected randomly in prescribed areas of the cities. This approach means that the survey will cover both registered and unregistered microenterprises. Because the two surveys were sampled using different methodologies and because there is no way to weight the firms in the two samples they are not pooled in the analysis.

Bibliographic Details

Main Author:	World Bank
Format:	Investment Climate Assessment (ICA) biblioteca
Language:	English en_US
Published:	Washington, DC 2007-03-01
Subjects:	ACCESS TO FINANCING, ACCOUNTING, AGRICULTURE, AMOUNT OF CAPITAL, BALANCE OF PAYMENTS, BANK FINANCING, BANK LOANS, BANKING SYSTEM, BANKS, BENCHMARK, BENCHMARKING, BOOK VALUE, BUDGET DEFICIT, BUSINESS COMMUNITY, CAPITAL STOCK, COMPANY, COMPETITIVENESS, COMPETITORS, CONSTANT RETURNS TO SCALE, CORPORATE TAX RATE, COUNTRY COMPARISONS, CREDIBILITY, CURRENCY, CURRENT ACCOUNT DEFICITS, DEBT, DEFICITS, DEPOSIT, DEPOSIT ACCOUNTS, DEPOSITS, DEVELOPING COUNTRIES, DIVERSIFICATION, DOMESTIC BANKING, DOMESTIC MARKET, DOMESTIC MARKETS, DUMMY VARIABLE, DUMMY VARIABLES, ECONOMETRIC ANALYSIS, ECONOMIC GROWTH, ECONOMIC REFORM, ECONOMIC SITUATION, ECONOMIES OF SCALE, EFFICIENCY WAGE THEORIES, ENTERPRISE DEVELOPMENT, ENTERPRISE OPERATIONS, ENTERPRISE PERFORMANCE, ENTERPRISE SIZE, EQUIPMENT, EXCHANGE RATE, EXCHANGE RATE INSTABILITY, EXCHANGE RATES, EXPENDITURE, EXPENDITURES, EXPORT PERFORMANCE, EXPORTER, EXPORTERS, EXPORTS, EXTERNAL DEBT, FINANCIAL PERFORMANCE, FINANCIAL SECTOR, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL SERVICES, FIRM PERFORMANCE, FIRM SIZE, FIRMS, FISCAL DEFICIT, FIXED COSTS, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGES, FOREIGN INVESTMENT, GDP, GDP PER CAPITA, GOVERNMENT DEFICIT, GOVERNMENT EXPENDITURE, GOVERNMENT REGULATIONS, GOVERNMENT SPENDING, GOVERNMENT SUPPORT, GROSS DOMESTIC PRODUCT, GROWTH RATE, HOST COUNTRIES, HUMAN CAPITAL, INCOME, INCOME DISTRIBUTION, INEFFICIENCY, INFLATION, INSURANCE, INTEREST RATES, INTERNATIONAL MARKET, INTERNATIONAL MARKETS, INTERNATIONAL RESERVES, INTERNATIONAL STANDARDS, INTERNATIONAL TRADE, INVESTMENT CLIMATE, INVESTMENT REQUIREMENTS, LABOR COSTS, LABOR FORCE, LABOR MARKET, LABOR MARKETS, LABOR POLICIES, LABOR PRODUCTIVITY, LABOR REGULATIONS, LARGE ENTERPRISES, LEGAL SYSTEM, LICENSING, LOCAL MARKET, LOCAL MARKETS, M2, MACROECONOMIC INSTABILITY, MACROECONOMIC POLICY, MACROECONOMIC STABILITY, MANUFACTURING ENTERPRISE, MANUFACTURING ENTERPRISES, MARKET RETURNS, MARKET SHARE, MARKET SHARES, MICROENTERPRISES, MIDDLE INCOME COUNTRIES, MIDDLE INCOME COUNTRY, MIGRATION, MONETARY FUND, NON-PERFORMING LOAN, NPL, OIL PRICES, OVERDRAFT FACILITIES, OVERDRAFT FACILITY, PARTY, PER CAPITA INCOME, PERFECT COMPETITION, PRIVATE INVESTMENT, PRIVATE INVESTMENTS, PRIVATIZATION, PRODUCTION COSTS, PRODUCTION FUNCTION, PRODUCTION FUNCTIONS, PRODUCTIVITY, PUBLIC DEBT, PUBLIC INVESTMENT, PUBLIC SERVICES, PURCHASING POWER, REGULATORY REFORM, REMITTANCE, REMITTANCES, RESERVE, RETAINED EARNINGS, RETURN, RETURNS, SELF-FINANCE, SHORT-TERM ASSETS, SIZE OF FIRMS, SKILLED WORKERS, SMALL ENTERPRISE, SMALL ENTERPRISES, SMALL FIRM, SMALL FIRMS, SME, SUPPLIER, SUPPLIERS, TARIFF BARRIERS, TAX, TAX POLICY, TAX RATES, TAX SYSTEMS, TAXATION, TELECOMMUNICATIONS, TOTAL FACTOR PRODUCTIVITY, TRADE BALANCE, TRADE DEFICIT, TRADE POLICY, TRADE REGIME, TRANSPORT, UNDERESTIMATES, UNEMPLOYED, UNEMPLOYMENT, UNFAIR COMPETITION, VALUE ADDED, WAGE STRUCTURE, WAGES, WORLD TRADE ORGANIZATION, WTO,
Online Access:	http://documents.worldbank.org/curated/en/2007/03/16597667/cape-verde-investment-climate-assessment http://hdl.handle.net/10986/12305
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