Cape Verdean government estimates contribution of fishing sector at 7-9 pct of GDP

13 January 2012

Praia, Cape Verde, 13 Jan – The contribution of the fishing sector in 2011 to Cape Verde’s gross Domestic Product (GDP) is estimated at between 7 and 10 percent, said the country’s secretary of state for Marine Resources, Adalberto Vieira.

According to Cape Verdean news agency Inforpress, the secretary of state said that 2011 had been a year of “great gains” for the sector particularly in terms of contribution to GDP and the fact that the government had managed to make fishing one of a group of strategic sectors for the country’s development.

Vieira did not rule out the possibility of carrying out other studies to get a more precise figure for the sector’s contribution to GDP, but noted that the sector’s contribution far outstripped what had been seen a few years ago.

As well as these contributions, he said, the social and economic impact of the fishing sector was also greater than in previous years, and gave the example of fish canning company Frescomar which employed 600 people and planned to add 400 staff due to increased production. (macauhub)