Economic
High import surge from tourism and energy infrastructure projects threatens current account
Large imports linked to tourism and energy construction projects are expected to worsen Cabo Verde’s trade deficit in 2026 despite a positive current account balance.
Cabo Verde’s current account has been positive since 2024, supported by tourism revenues and remittances from the diaspora. However, imports related to the construction of tourism and energy infrastructure projects are expected to further widen the trade deficit in 2026. Although the current account is projected to remain positive due to remittances and IMF disbursements, the growing reliance on imports for infrastructure raises vulnerability to external shocks and exchange‑rate pressures.
- Status
- active
- Location
- Cabo Verde
- Date added
- 2026-03-25 09:33 UTC
- Last updated
- 2026-03-25 09:33 UTC
- Connected threats
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- Not Available