GDP per capita grew by an average of 1.2% in ten years of graduation to middle-income country

Praia, Jan 23 (Inforpress) – In ten years of graduation in middle-income countries, Cabo Verde’s GDP per capita grew by an average of 1.2%, rising from 3,378 dollars to 3,536 dollars per year, according to data published by World Bank.

The per capita Gross Domestic Product (GDP) was one of the evaluation criteria established for the graduation of Cabo Verde from the group of the least developed countries to the middle income country, which together with the Human Development Index (HDI), which brings together indicators of education and health, contributed to the graduation, position taken from January 1, 2008.

Cabo Verde reached the required $ 3.000 and became a middle-income country. This graduation, which, however, was decided in 2014 by the United Nations, translated into a recognition of the international community for the “remarkable path” of development that the country has undergone since its independence.

However, the country maintained vulnerability at the environmental and economic level and to add the country went through several structural constraints such as the global crisis, drought and volcanic eruption which, according to the rulers and analysts strongly conditioned the GDP growth per capita

MJB / CP / HVF

Inforpress

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