Member of: ACP, AfDB, CCC, ECA, ECOWAS, FAO, G-77, IBRD, ICAO, ICFTU,
ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, INTELSAT, INTERPOL, IOC,
IOM (observer), ITU, NAM, OAU, UN (Cape Verde assumed a nonpermanent
seat on the Security Council on 1 January 1992), UNCTAD, UNESCO,
UNIDO, UNOMOZ, UPU, WCL, WHO, WMO
Diplomatic representation in US: chief of mission: (vacant); Charge d'Affaires Jose Eduardo BARBOSA (since 12 February 1994) chancery: 3415 Massachusetts Avenue NW, Washington, DC 20007 telephone: [1] (202) 965-6820 FAX: [1] (202) 965-1207 consulate(s) general: Boston
US diplomatic representation: chief of mission: Ambassador Joseph M. SEGARS embassy: Rua Abilio Macedo 81, Praia mailing address: C. P. 201, Praia telephone: [238] 61 56 16 FAX: [238] 61 13 55
Flag: three horozontal bands of light blue (top, double width), white (with a horozontal red stripe in the middle third), and light blue; a circle of 10 yellow five-pointed stars is centered on the hoist end of the red stripe and extends into the upper and lower blue bands
@Cape Verde:Economy
Overview: Cape Verde's low per capita GDP reflects a poor natural resource base, serious water shortages exacerbated by cycles of long-term drought, and a high birthrate. The economy is service oriented, with commerce, transport, and public services accounting for 60% of GDP. Although nearly 70% of the population lives in rural areas, agriculture's share of GDP is only 20%; the fishing sector accounts for 4%. About 90% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by remittances from emigrants and foreign aid, which form important supplements to GDP. Economic reforms, launched by the new democratic government in 1991, are aimed at developing the private sector and attracting foreign investment to diversify the economy. Prospects for 1995 depend heavily on the maintenance of aid flows, remittances, and the momentum of the government's development program.
National product: GDP - purchasing power parity - $410 million (1993 est.)
National product real growth rate: 3.5% (1992 est.)
National product per capita: $1,000 (1993 est.)
Inflation rate (consumer prices): 7% (1992)