KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 21.9% (CVE31.6bn or US$423.1mn) in 2010 to 30.1% (CVE87.5bn or US$1,033.51 mn) by 2020.

Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 19,000 jobs in 2010, 19.7% of total employment or 1 in every 5.1 jobs to 33,000 jobs, 27.2% of total employment or 1 in every 3.7 jobs by 2020.

Growth
Real GDP growth for Travel & Tourism economy is expected to be -0.9% in 2010 and to average 7.9% per annum over the coming 10 years.

Visitor Exports
Export earnings from international visitors and tourism goods are expected to generate 85.7% of total exports (CVE27.0bn or US$362.3mn) in 2010, growing (nominal terms) to CVE82.3bn or US$972.7mn (105.6% of total) in 2020.

Investment
Travel & Tourism investment is estimated at CVE6.0bn, US$80.1mn or 9.7% of total investment in 2010. By 2020, this should reach CVE12.2bn, US$144.3mn or 9.8% of total investment.

WORLD RANKING

The Cape Verde Travel & Tourism economy is ranked number:

• 153 in absolute size worldwide
• 26 in relative contribution to national economies
• 7 in long-term (10-year) growth

(181 countries are estimated by WTTC / OE)