During the period between 1999 and 2011, international tourist arrivals grew by almost 18 percent per year (from about 67,000 to 428,000). According to INE, the added value of tourism and its related activities corresponds to about 20 percent of total value added. According to the Central Bank of Cabo Verde, tourism generated about 27.8 billion CVE (€190 million) in revenues, in 2011, representing about 21 percent of GDP. The tourism industry’s estimated total contribution to the government coffers is about €59 million per year.
