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 [238] 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)