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Cape Verde, officially the Republic of Cabo Verde,[1] is an island country spanning an archipelago of 10 volcanic islands in the central Atlantic Ocean. Located 570 kilometres (350 mi) off the coast of West Africa, the islands cover a combined area of slightly over 4,000 square kilometres (1,500 sq mi).
Most of the nation's GDP comes from the service industry. Cape Verde's economy has been steadily growing since the late 1990s, and it is now officially considered a country of average development, being only the second country to have achieved such transition, after Botswana in 1994. Cape Verde has significant cooperation with Portugal at every level of the economy, which has led it to link its currency (the Cape Verdean escudo) first to the Portuguese escudo and, in 1999, to the euro.
- ^ Tanya Basu (12 December 2013). "Cape Verde Gets New Name: 5 Things to Know About How Maps Change". National Geographic. Archived from the original on December 13, 2013. Retrieved 12 December 2013.