from emigrants; 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. Cape Verde has been exploring
European Union membership in recent years.

GDP (purchasing power parity):
$3.129 billion (2006 est.)

GDP (official exchange rate):
$1.128 billion (2005 est.)

GDP - real growth rate:
5.5% (2005 est.)

GDP - per capita (PPP):
$6,000 (2006 est.)

GDP - composition by sector:
agriculture: 12.1%
industry: 21.9%
services: 66% (2004 est.)

Labor force:
120,600 (1990)

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):
4.7% (2006 est.)

Investment (gross fixed):
25.5% of GDP (2006 est.)

Budget:
revenues: $324.6 million
expenditures: $370.4 million; including capital expenditures of $NA
(2006 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:
44 million kWh (2004)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
40.92 million kWh (2004)

Electricity - exports:
0 kWh (2004)

Electricity - imports:
0 kWh (2004)

Oil - production:
0 bbl/day (2004)

Oil - consumption:
1,150 bbl/day (2004 est.)

Oil - exports:
NA bbl/day

Oil - imports:
NA bbl/day

Natural gas - production:
0 cu m (2004 est.)

Natural gas - consumption:
0 cu m (2004 est.)

Current account balance:
$-44.43 million (2006 est.)

Exports:
$96.71 million f.o.b. (2006 est.)

Exports - commodities:
fuel, shoes, garments, fish, hides

Exports - partners:
Spain 38.2%, Portugal 33.3%, US 9.2%, Morocco 5.4% (2005)

Imports:
$495.1 million f.o.b. (2006 est.)

Imports - commodities:
foodstuffs, industrial products, transport equipment, fuels

Imports - partners:
Portugal 40.9%, Italy 7.8%, Netherlands 7