Is cape verde islands poor or rich?

The Cape Verde islands are considered a lower-middle income country. According to the World Bank, Cape Verde's GDP per capita was $3,640 in 2021. This is in contrast to the World Bank's definition of a high income country, which has a GDP per capita of $13,205 or more.

There are a number of factors that contribute to Cape Verde's lower-middle income status. These include:

* A relatively small population (about 550,000 people)

* A limited natural resource base

* A reliance on tourism and remittances for income

* A history of political instability and conflict

Despite these challenges, Cape Verde has made significant progress in reducing poverty and improving living standards. In 2000, the poverty rate was 46.5%. By 2021, it had declined to 27.6%. Additionally, the literacy rate increased from 67.7% in 2000 to 86.7% in 2021.

Despite the progress that has been made, Cape Verde continues to face a number of challenges. These include:

* High levels of unemployment

* A lack of infrastructure

* A large external debt

* Climate change

Cape Verde is working to address these challenges and improve the standard of living for its citizens. The government has implemented a number of reforms aimed at boosting economic growth and reducing poverty. These include:

* Improving the business environment

* Investing in education and healthcare

* Reducing red tape

* Promoting foreign investment

These reforms have helped to improve Cape Verde's economy and reduce poverty. However, more needs to be done to address the country's challenges and improve the standard of living for its citizens.