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.
GDP (purchasing power parity):
$600 million (2002 est.)
GDP - real growth rate:
5% (2004 est.)
GDP - per capita:
purchasing power parity - $1,400 (2002 est.)
GDP - composition by sector: agriculture: 12.1% industry: 21.9% services: 66% (2004 est.)
Labor force:
NA
Unemployment rate:
21% (2000 est.)
Population below poverty line:
30% (2000)
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
1.5% (2004 est.)
Investment (gross fixed):
19.2% of GDP (2004 est.)
Budget:
revenues: $260.6 million
expenditures: $305.3 million, including capital expenditures of NA
(2004 est.)
Agriculture - products:
bananas, corn, beans, sweet potatoes, sugarcane, coffee, peanuts;
fish
Industries:
food and beverages, fish processing, shoes and garments, salt
mining, ship repair
Industrial production growth rate:
NA
Electricity - production:
43.08 million kWh (2002)
Electricity - production by source: fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (2001)
Electricity - consumption:
40.06 million kWh (2002)
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
2,000 bbl/day (2001 est.)
Oil - exports:
NA
Oil - imports:
NA
Current account balance:
$-93.76 million (2004 est.)
Exports:
$61.11 million f.o.b. (2004 est.)
Exports - commodities:
fuel, shoes, garments, fish, hides
Exports - partners:
Portugal 59.4%, US 17.2%, UK 11.4% (2004)
Imports:
$387.3 million f.o.b. (2004 est.)
Imports - commodities:
foodstuffs, industrial products, transport equipment, fuels
Imports - partners:
Portugal 41.8%, US 12.3%, Netherlands 8.4%, Spain 5.2%, Italy 4.2%,
Brazil 4% (2004)
Reserves of foreign exchange and gold:
$112.7 million (2004 est.)
Debt - external:
$325 million (2002)
Economic aid - recipient:
$136 million (1999)
Currency (code):
Cape Verdean escudo (CVE)
Currency code:
CVE
Exchange rates:
Cape Verdean escudos (CVE) per US dollar - 88.808 (2004), 97.703
(2003), 117.168 (2002), 123.228 (2001), 119.687 (2000)
Fiscal year:
calendar year
Communications Cape Verde
Telephones - main lines in use:
71,700 (2003)
Telephones - mobile cellular:
53,300 (2003)
Telephone system:
general assessment: effective system, extensive modernization from
1996–2000 following partial privatization in 1995
domestic: major service provider is Cabo Verde Telecom (CVT); fiber
optic ring, completed in 2001, links all islands providing Internet
access and ISDN services; cellular service introduced in 1998
international: country code - 238; 2 coaxial submarine cables; HF
radiotelephone to Senegal and Guinea-Bissau; satellite earth station
- 1 Intelsat (Atlantic Ocean)
Radio broadcast stations:
AM 0, FM 22 (and 12 low power repeaters), shortwave 0 (2002)
Radios:
100,000 (2002 est.)
Television broadcast stations:
1 (and 7 repeaters) (2002)
Televisions:
15,000 (2002 est.)
Internet country code:
.cv
Internet hosts:
118 (2004)
Internet Service Providers (ISPs):
1 (2002)
Internet users:
20,400 (2003)
Transportation Cape Verde
Highways: total: 1,350 km paved: 932 km unpaved: 418 km (2000)
Ports and harbors:
Mindelo, Praia, Tarrafal
Merchant marine:
total: 5 ships (1,000 GRT or over) 5,395 GRT/6,614 DWT
by type: cargo 2, chemical tanker 1, passenger/cargo 2
foreign-owned: 1 (United Kingdom 1) (2005)
Airports: 7 note: 3 airports are reported to be nonoperational (2004 est.)
Airports - with paved runways: total: 6 over 3,047 m: 1 914 to 1,523 m: 5 (2004 est.)
Airports - with unpaved runways:
total: 1
under 914 m: 1 (2004 est.)
Military Cape Verde
Military branches:
People's Revolutionary Armed Forces (FARP): Army, Coast Guard
(includes maritime air wing)
Manpower available for military service:
males age 18–49: 84,641 (2005 est.)
Manpower fit for military service: