s reelected without
opposition;
National People's Assembly--last held 7 December 1985 (next
to be held December 1990);
results--PAICV is the only party;
seats--(83 total) PAICV 83
Communists: a few Communists and some sympathizers
Member of: ACP, AfDB, ECA, ECOWAS, FAO, G-77, GATT (de facto), IBRD, ICAO,
IDA, IFAD, IFC, ILO, IMF, IMO, IPU, ITU, NAM, OAU, UN, UNESCO, UPU, WHO, WMO
Diplomatic representation: Ambassador Jose Luis FERNANDES LOPES;
Chancery at 3415 Massachusetts Avenue NW, Washington DC 20007;
telephone (202) 965-6820; there is a Cape Verdean Consulate General in Boston;
US--Ambassador Terry McNAMARA; Embassy at Rua Hojl Ya
Yenna 81, Praia (mailing address is C. P. 201, Praia); telephone
p238o 614-363 or 253
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
- Economy
Overview: Cape Verde's low per capita GDP reflects a poor natural resource
base, a 17-year drought, and a high birth rate. The economy is
service oriented, with commerce, transport, and public services accounting for
60% of GDP during the period 1984-86. Although nearly 70% of the population
lives in rural areas, agriculture's share of GDP is only 16%; the
fishing and manufacturing sectors are 4% each. About 90% of food must be
imported. The fishing potential of the islands is not fully exploited
(the fish catch--mostly lobster and tuna--came to only 10,000 tons in
1985). Cape Verde annually runs a high trade deficit, financed by
remittances from emigrants, cash grants, food aid, and foreign loans.
GDP: $158 million, per capita $494; real growth rate 6.1% (1987)
Inflation rate (consumer prices): 3.8% (1987)
Unemployment rate: 25% (1988)
Budget: revenues $80 million; expenditures $87
million, including capital expenditures of $45 million (1988 est.)
Exports: $8.9 million (f.o.b., 1987);
commodities--fish, bananas, salt;
partners--Portugal, Angola, Algeria, Belgium/Luxembourg,
Italy
Imports: $124
million (c.i.f., 1987);
commodities--petroleum, foodstuffs, consumer goods, industrial products;
partners--Portugal, Netherlands, Spain, France, US, FRG
External debt: $140 million (December 1988)
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