Cape Verde: 7.2% Growth, 111% Debt Ratio, One-Third of Families Vulnerable

Cape Verde's economy grew by 7.2% in 2024, driven mainly by tourism, with a rising real GDP and a current account surplus. Despite this, the country has a high debt-to-GDP ratio of 111.4%, and 32% of families lack sufficient financial resources, with 7.3% facing food crises. Heavy reliance on food imports and European trade exposes the nation to global shocks. Future growth prospects are uncertain due to external risks like global tensions, trade conflicts, and tourism slowdown.