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Country Highlights

Cabo Verde: Tourism Sustaining Country’s Economic Vitality

Tourism in Cabo Verde has been a significant contributor to the country’s economy, with the sector accounting for almost 20% of GDP. The sector is driven by hospitality, transportation, and retail, with over 750,000 international tourists spending almost $800 million in 2019. However, the sector is concentrated around Sal and Boa Vista islands, highlighting the need for diversification.

The Cabo Verde government has been actively promoting tourism as a key economic driver, with initiatives such as the Tourism Development Plan (PDT) and the National Tourism Strategy (ENAT). These plans aim to diversify the tourism product, promote sustainable tourism, and increase the sector’s contribution to the economy.

The country’s natural beauty, rich culture, and favorable climate make it an attractive destination for tourists. However, challenges such as limited infrastructure, high costs, and a lack of awareness about the destination hinder the sector’s growth. To address these challenges, the government has been investing in infrastructure development, promoting the destination through marketing campaigns, and offering incentives to investors.

The Cabo Verde diaspora, which is estimated to be around 500,000 people, plays a significant role in the country’s economy. The government has been working on harnessing the diaspora’s potential by promoting investment opportunities and facilitating their return to the country.

The tourism sector in Cabo Verde is also characterized by its focus on sustainability. The government has been promoting eco-tourism and sustainable practices to ensure the long-term viability of the sector. Initiatives such as the Cabo Verde Sustainable Tourism Certification (CVT) aim to certify tourism businesses that adhere to sustainable practices.

In conclusion, tourism in Cabo Verde holds significant potential for economic growth and development. By diversifying the tourism product, promoting sustainable practices, and harnessing the diaspora’s potential, the sector can contribute even more to the country’s economy. Collaborative efforts between the government, private sector, and international organizations are essential for driving sustainable tourism development in Cabo Verde.

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