The 1992 CIA World Factbook. United States. Central Intelligence Agency

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СКАЧАТЬ General in Boston

       US:

       Ambassador Francis T. (Terry) McNAMARA; Embassy at Rua Hoji Ya Henda Yenna

       81, Praia (mailing address is C. P. 201, Praia); telephone [238] 61-43-63 or

       61-42-53; FAX [238] 61-13-55

      :Cape Verde Government

      Flag:

       two equal horizontal bands of yellow (top) and green with a vertical red

       band on the hoist side; in the upper portion of the red band is a black

       five-pointed star framed by two corn stalks and a yellow clam shell; uses

       the popular pan-African colors of Ethiopia; similar to the flag of

       Guinea-Bissau, which is longer and has an unadorned black star centered in

       the red band

      :Cape Verde Economy

      Overview:

       Cape Verde's low per capita GDP reflects a poor natural resource base, a

       17-year drought, and a high birthrate. The economy is service oriented, with

       commerce, transport, and public services accounting for 65% of GDP during

       the period 1985-88. Although nearly 70% of the population lives in rural

       areas, agriculture's share of GDP is only 16%; the fishing sector accounts

       for 4%. About 90% of food must be imported. The fishing potential, mostly

       lobster and tuna, is not fully exploited. In 1988 fishing represented only

       3.5% of GDP. Cape Verde annually runs a high trade deficit, financed by

       remittances from emigrants and foreign aid. Economic reforms launched by the

       new democratic government in February 1991 are aimed at developing the

       private sector and attracting foreign investment to diversify the economy.

       GDP:

       exchange rate conversion - $310 million, per capita $800; real growth rate

       4% (1990 est.)

       Inflation rate (consumer prices):

       10% (1990 est.)

       Unemployment rate:

       25% (1988)

       Budget:

       revenues $98.3 million; expenditures $138.4 million, including capital

       expenditures of $NA (1988 est.)

       Exports:

       $10.9 million (f.o.b., 1989 est.)

       commodities:

       fish, bananas, salt

       partners:

       Portugal 40%, Algeria 31%, Angola, Netherlands (1990 est.)

       Imports:

       $107.8 million (c.i.f., 1989)

       commodities:

       petroleum, foodstuffs, consumer goods, industrial products

       partners:

       Sweden 33%, Spain 11%, Germany 5%, Portugal 3%, France 3%, Netherlands, US

       (1990 est.)

       External debt:

       $150 million (December 1990 est.)

       Industrial production:

       growth rate 18% (1988 est.); accounts for 7% of GDP

       Electricity:

       15,000 kW capacity; 15 million kWh produced, 40 kWh per capita (1991)

       Industries:

       fish processing, salt mining, clothing factories, ship repair, construction

       materials, food and beverage production

       Agriculture:

       accounts for 16% of GDP; largely subsistence farming; bananas are the only

       export crop; other crops - corn, beans, sweet potatoes, coffee; growth

       potential of agricultural sector limited by poor soils and limited rainfall;

       annual food imports required; fish catch provides for both domestic

       consumption and small exports

       Economic aid:

       US commitments, including Ex-Im (FY75-89), $88 million; Western (non-US)

       countries, ODA and OOF bilateral commitments (1970-89), $537 million; OPEC

       bilateral aid (1979-89), $12 million; Communist countries (1970-89), $36

       million

       Currency:

       Cape Verdean escudo (plural - escudos); 1 Cape Verdean escudo (CVEsc) = 100

       centavos

      :Cape Verde Economy

      Exchange rates:

       Cape Verdean escudos (CVEsc) per US$1 - 71.28 (March 1992), 71.41 (1991),

       64.10 (November 1990), 74.86 (December 1989), 72.01 (1988), 72.5 (1987)

       Fiscal year:

       calendar year

      :Cape Verde Communications

      Ports:

       Mindelo, Praia

       Merchant marine:

       7 cargo ships (1,000 GRT or over) totaling 11,717 GRT/19,000 DWT

       Civil air:

       3 major transport aircraft

       Airports:

       6 total, 6 usable; 6 with permanent-surface runways; none with runways over

       3,659 m; 1 with runways 2,440-3,659 m; 2 with runways 1,220-2,439 m

       Telecommunications:

       interisland radio relay system, high-frequency radio to Senegal and

       Guinea-Bissau; over 1,700 telephones; broadcast stations - 1 AM, 6 FM, 1 TV;

       2 coaxial submarine cables; 1 Atlantic Ocean INTELSAT earth station

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