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ty rule _#_Communists: no Communist party _#_Member of: ACP, AfDB, ECA, ECOWAS, FAO, G-77, IBRD, ICAO, IDA, IFAD, ILO, IMF, IMO, INTERPOL, IOM (observer), ITU, LORCS, NAM, OAU, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WHO, WMO _#_Diplomatic representation: Ambassador Luis de Matos Monteiro da FONSECA; Chancery at 3415 Massachusetts Avenue NW, Washington DC 20007; telephone (202) 965-6820; there is a Cape Verdean Consulate General in Boston; US--Ambassador Francis T. (Terry) McNAMARA; Embassy at Rua Hojl Ya Yenna 81, Praia (mailing address is C. P. 201, Praia); telephone [238] 614-363 or 614-253 _#_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 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. _#_GDP: $262 million, per capita $740; real growth rate 3.2% (1988 est.) _#_Inflation rate (consumer prices): 8.2% (1988 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, Angola, Algeria, France, Italy _#_Imports: $107.8 million (c.i.f., 1989); commodities--petroleum, foodstuffs, consumer goods, industrial products; partners--Portugal, Netherlands, Spain, France, Brazil, FRG _#_External debt: $150 million (December 1990 est.) _#_Industrial production: growth rate 18% (1988 est.); accounts for 7% of GDP _#_Electricity: 13,000 kW capacity;
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