migrants; remittances supplement GDP by more than 20%.
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.

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 c