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Cape Verde - The Country With No Recession and Huge Tourism Growth !

27th January 2012 | back to article listings BACK    print this article PRINT

Cape Verde is a fantastic place to invest and has seen a huge growth in GDP over the last few years as shown in the chart below :

At the same time the rate at which the country's GDP is growing is consistently much higher than the UK :

Tourism growth is running at a recent rate of 20% per annum and this is set to continue but even long term growth in tourists runs at 7.2% per annum which is helping keep the country in a continuous state of undersupply and healthy returns for investors in well managed resorts.

In addition Boa Vista is clearly the island everyone wants to be on and it has eaten into market share rapidly as new hotels open with Sal in particular losing out.

Our other blog in January referred to the BBC Radio 4 visit to Cape Verde and Evan Davis's surprise over the strength of the economy.

Boa Vista island, Cape Verde is a fantastic place to invest in a world of uncertainty.

This news story has come from the Santa Monica Resort development blog.

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