Cape Verde with average economic growth of 8.4%

Cape Verde has grown from 2005 to 2007 to an average of 8.4% per year. The data are contained in the official and national accounts, which will be presented by the National Statistics Institute (INE), tomorrow, Wednesday, 16.

According to INE, the national economy grew 6.5% in 2005, 10.1% in 2006 and 8.6% in 2007, most notably the double-digit growth - 10.1% - registered in 2006. To Silvina Santos (INE), 2006 was an "atypical year, which was due to military exercises of NATO, which gave a" different dynamic "to the Cape Verdean economy. "What I can say is that Cape Verde has in recent years a good growth compared with other African countries, especially in our sub-region."
The Service Sector is who else contributed to the growth of the economy. In 2005, the services sector accounted for 67.5% of the GDP of Cape Verde. In 2006 increased slightly to 67.6%, while in 2007 reached 69.5% of GDP. "This means that the services sector is close to 70% of GDP. An increase that may have resulted from a less marked growth in other sectors, particularly the primary and secondary sectors, "added Silvina Santos.
For the economist Veríssimo Pinto, the growth rates recorded in Cape Verde are "extremely" positive, compared with those of developing countries. And it is still higher than the average growth of the African continent, which records good growth rates. "This is very good for Cape Verde. And, fleeing the political sphere, these growth rates show that the performance and policies of the government are positive and are bearing fruit, "the highest bidder.

Source: A Semana