KEY FACTS AT A GLANCE
Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 27.6% (CVE39.3 bn or US$497.0 mn) in 2009 to 37.0% (CVE107.2 bn or US$1,243.1 mn) by 2019.
Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 24,000 jobs in 2009, 25.1% of total employment or 1 in every 4.0 jobs to 40,000 jobs, 33.6% of total employment or 1 in every 3.0 jobs by 2018.
Growth
Real GDP growth for Travel & Tourism economy is expected to be -5.6% in 2009 and to average 7.7% per annum over the coming 10 years.
Exports
Export earnings from international visitors and tourism goods are expected to generate 69.1% of total exports (CVE37.4 bn or US$472.7 mn) in 2009, growing (nominal terms) to CVE105.9 bn or US$1,228.0 mn (70.8% of total) in 2019.
WORLD RANKING
The Cape Verde Travel & Tourism economy is ranked number:
- 144 in absolute size worldwide
- 21 in relative contribution to national economies
- 4 in long-term (10-year) growth
(181 countries are estimated by WTTC / OE)
Cape Verde Travel and Tourism
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Cape Verde Travel and Tourism
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