election results: Pedro PIRES reelected president; percent of vote - Pedro PIRES (PAICV) 51.2%, Carlos VIEGA (MPD) 48.8%
Legislative branch:
unicameral National Assembly or Assembleia Nacional (72 seats; members elected by popular vote to serve five-year terms)
elections: last held on 22 January 2006 (next to be held on 6 February 2011)
election results: percent of vote by party - PAICV 52.3%, MPD 44%, UCID 2.7%; seats by party - PAICV 41, MPD 29, UCID 2
Judicial branch:
Supreme Tribunal of Justice or Supremo Tribunal de Justia
Political parties and leaders:
African Party for Independence of Cape Verde or PAICV [Jose Maria
Pereira NEVES, chairman]; Democratic and Independent Cape Verdean
Union or UCID [Antonio MONTEIRO]; Democratic Christian Party or PDC
[Manuel RODRIGUES]; Democratic Renovation Party or PRD [Victor
FIDALGO]; Movement for Democracy or MPD [Jorge SANTOS]; Party for
Democratic Convergence or PCD [Dr. Eurico MONTEIRO]; Party of Work
and Solidarity or PTS [Isaias RODRIGUES]; Social Democratic Party or
PSD [Joao ALEM]
Political pressure groups and leaders:
other: environmentalists; political pressure groups
International organization participation:
ACP, AfDB, AOSIS, AU, CD, CPLP, ECOWAS, FAO, G-77, IBRD, ICAO, ICRM,
IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ITSO,
ITU, ITUC, MIGA, NAM, OIF, OPCW, UN, UNCTAD, UNESCO, UNIDO, Union
Latina, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Fatima Lima VEIGA
chancery: 3415 Massachusetts Avenue NW, Washington, DC 20008
telephone: [1] (202) 965–6820
FAX: [1] (202) 965–1207
consulate(s) general: Boston
Diplomatic representation from the US:
chief of mission: Ambassador (vacant); Charge d'Affaires Dana BROWN
embassy: Rua Abilio Macedo n6, Praia
mailing address: C. P. 201, Praia
telephone: [238] 2–60-89–00
FAX: [238] 2–61-13–55
Flag description:
five unequal horizontal bands; the top-most band of blue - equal to one half the width of the flag - is followed by three bands of white, red, and white, each equal to 1/12 of the width, and a bottom stripe of blue equal to one quarter of the flag width; a circle of 10, yellow, five-pointed stars is centered on the red stripe and positioned ⅜ of the length of the flag from the hoist side; blue stands for the sea and the sky, the circle of stars represents the 10 major islands united into a nation, the stripes symbolize the road to formation of the country through peace (white) and effort (red)
National anthem:
name: "Cantico da Liberdade" (Song of Freedom)
lyrics/music: Amilcar Spencer LOPES/Adalberto Higino Tavares SILVA
note: adopted 1996
Economy ::Cape Verde
Economy - overview:
This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought and poor soil for agriculture on several of the islands. The economy is service oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. Although nearly 70% of the population lives in rural areas, the share of food production in GDP is low. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances supplement GDP by more than 20%. Despite the lack of resources, sound economic management has produced steadily improving incomes. Continued economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy. Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government's development program. Cape Verde became a member of the WTO in July 2008.
GDP (purchasing power parity):
$1.861 billion (2010 est.) country comparison to the world: 186 $1.781 billion (2009 est.)
$1.749 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$1.573 billion (2010 est.)
GDP - real growth rate:
4.5% (2010 est.) country comparison to the world: 68 1.8% (2009 est.)
5.9% (2008 est.)
GDP - per capita (PPP):
$3,700 (2010 est.) country comparison to the world: 160 $3,600 (2009 est.)
$3,500 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 9%
industry: 16.2%
services: 74.8% (2010 est.)
Labor force:
196,100 (2007) country comparison to the world: 169
Unemployment rate:
21% (2000 est.) country comparison to the world: 168
Population below poverty line:
30% (2000)
Household income or consumption by percentage share:
lowest 10%: 1.9%
highest 10%: 40.6% (2000)
Investment (gross fixed):
36.9% of GDP (2010 est.) country comparison to the world: 5
Inflation rate (consumer prices):
2.5% (2010 est.) country comparison to the world: 74 1% (2009 est.)
Central bank discount rate:
7.5% (31 December 2009) country comparison to the world: 54 7.5% (31 December 2008)
Commercial bank prime lending rate:
10.98% (31 December 2009 est.) country comparison to the world: 92 9.99% (31 December 2008 est.)
Stock of narrow money:
$585 million (31 December 2010 est) country comparison to the world: 155 $628.4 million (31 December 2009 est)
Stock of broad money:
$1.314 billion (31 December 2010 est.) country comparison to the world: 151 $1.399 billion (31 December 2009 est.)
Stock of domestic credit:
$1.179 billion (31 December 2010 est.) country comparison to the world: