United States. Central Intelligence Agency

The 1996 CIA World Factbook


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total population: 71.6%

       male: 81.4%

       female: 63.8%

      Government—————

      Name of country:

       conventional long form: Republic of Cape Verde

       conventional short form: Cape Verde

       local long form: Republica de Cabo Verde

       local short form: Cabo Verde

      Data code: CV

      Type of government: republic

      Capital: Praia

      Administrative divisions: 14 districts (concelhos, singular -

       concelho); Boa Vista, Brava, Fogo, Maio, Paul, Praia, Porto Novo,

       Ribeira Grande, Sal, Santa Catarina, Santa Cruz, Sao Nicolau, Sao

       Vicente, Tarrafal

      Independence: 5 July 1975 (from Portugal)

      National holiday: Independence Day, 5 July (1975)

      Constitution: new constitution came into force 25 September 1992

      Legal system: NA

      Suffrage: 18 years of age; universal

      Executive branch:

       chief of state: President Antonio MASCARENHAS Monteiro (since 22

       March 1991) elected for a five-year term by universal suffrage;

       election last held 18 February 1996 (next to be held NA February

       2001); results - Antonio Monteiro MASCARENHAS (independent) received

       80.1% of vote

       head of government: Prime Minister Carlos Alberto Wahnon de Carvalho

       VEIGA (since 13 January 1991) nominated by the People'sNational

       Assembly and appointed by the president

       cabinet: Council of Ministers appointed by prime minister from

       members of the Peoples National Assembly

      Legislative branch: unicameral

       People's National Assembly (Assembleia Nacional Popular): elections

       last held 17 December 1995 (next to be held NA); results - MPD 59%,

       PAICV 28%, PCD 6%; seats - (72 total) MPD 50, PAICV 21, PCD 1

      Judicial branch: Supreme Tribunal of Justice (Supremo Tribunal de

       Justia)

      Political parties and leaders: Movement for Democracy (MPD), Prime

       Minister Carlos VEIGA, founder and chairman; African Party for

       Independence of Cape Verde (PAICV), Pedro Verona Rodrigues PIRES,

       chairman; Party for Democratic Convergence (PCD)

      International organization participation: ACP, AfDB, CCC, ECA,

       ECOWAS, FAO, G-77, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS,

       ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM (observer), ITU, NAM,

       OAU, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WHO, WMO, WTrO (applicant)

      Diplomatic representation in US:

       chief of mission: Ambassador Alberto Santos SILVA-CARLOS

       chancery: 3415 Massachusetts Avenue NW, Washington, DC 20007

       telephone: [1] (202) 965–6820

       FAX: [1] (202) 965–1207

       consulate(s) general: Boston

      US diplomatic representation:

       chief of mission: Ambassador Joseph M. SEGARS

       embassy: Rua Abilio Macedo 81, Praia

       mailing address: C. P. 201, Praia

       telephone: [238] 61 56 16

       FAX: [238] 61 13 55

      Flag: three horizontal bands of light blue (top, double width), white (with a horizontal red stripe in the middle third), and light blue; a circle of 10 yellow five-pointed stars is centered on the hoist end of the red stripe and extends into the upper and lower blue bands

      Economy———

      Economic overview: Cape Verde's low per capita GDP reflects a poor natural resource base, serious water shortages exacerbated by cycles of long-term drought, and a high birthrate. The economy is service oriented, with commerce, transport, and public services accounting for 60% of GDP. Although nearly 70% of the population lives in rural areas, the share of agriculture in GNP is only 13%, of which fishing accounts for 4%. About 90% 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 remittances from emigrants and foreign aid, which form important supplements to GDP. Economic reforms, launched by the new democratic government in 1991, are aimed at developing the private sector and attracting foreign investment to diversify the economy. Prospects for 1996 depend heavily on the maintenance of aid flows, remittances, and the momentum of the government's development program.

      GDP: purchasing power parity - $440 million (1994 est.)

      GDP real growth rate: 4.6% (1994 est.)

      GDP per capita: $1,040 (1994 est.)

      GDP composition by sector: agriculture: 13% industry: 17% services: 70% (1992 est.)

      Inflation rate (consumer prices): 5% (1994 est.)

      Labor force: 102,000 (1985 est.) by occupation: agriculture (mostly subsistence) 57%, services 29%, industry 14% (1981)

      Unemployment rate: 35% (1994 est.)

      Budget:

       revenues: $174 million

       expenditures: $235 million, including capital expenditures of $165

       million (1993 est.)

      Industries: fish processing, salt mining, garments, ship repair,

       food and beverages

      Industrial production growth rate: NA%

      Electricity: capacity: 15,000 kW production: 40 million kWh consumption per capita: 73 kWh (1993)

      Agriculture: bananas, corn, beans, sweet potatoes, sugarcane,

       coffee, peanuts; fish

      Illicit drugs: increasingly used as a transshipment point for

       illicit drugs moving from Latin America and Africa destined for

       Western Europe

      Exports: $4.4 million (f.o.b., 1992 est.)

       commodities: fish, bananas

       partners: Netherlands, Portugal, Angola, Spain

      Imports: $173 million (f.o.b., 1992 est.)

       commodities: foodstuffs, consumer goods, industrial products,

       transport equipment

       partners: Portugal, Netherlands, Germany, Spain, Brazil, France,

       Cote d'Ivoire

      External debt: $156 million (1991)

      Economic aid: recipient: ODA, $NA

      Currency: 1 Cape Verdean escudo (CVEsc) = 100 centavos

      Exchange rates: Cape Verdean escudos (CVEsc) per US$1 - 77.860 (December 1995), 76.853 (1995), 81.891 (1994), 80.427 (1993), 68.018 (1992), 71.408 (1991)

      Fiscal year: calendar year

      Transportation———————

      Railways: 0 km

      Highways: total: 1,100 km paved: 680 km unpaved: 420 km (1992 est.)

      Ports: Mindelo, Praia, Tarrafal

      Merchant