QUICK INFO
Name: Republic of Cabo Verde
Population: 525,000 (2015)
Capital: Praia
Language: Portuguese, Cape Verdean Creole
Currency: Cape Verdean Escudo
Time zone: CVT (UTC-1)
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More infoMore about 02
The beautiful islands of the 02 were initially uninhabited until it was discovered by the Portuguese in the 15th century. The country flourished during the 16th and the 17th centuries due to the Atlantic slave trade. But with the decline of the slave trade in the 19th century, the country experienced an economic crisis. Yet the location of the island made it survive as it became a significant commercial center in the 19th century as the location was perfect for re-supply of the ships. In the present day context, the economy of the country is mostly relying on the services provided by the country targeting the growing tourism industry.