potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances supplement GDP by more than 20%. 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 2002 depend heavily on the maintenance of aid flows, remittances, and the momentum of the government's development program.
GDP: purchasing power parity - $600 million (2001 est.)
GDP - real growth rate: 3% (2001 est.)
GDP - per capita: purchasing power parity - $1,500 (2001 est.)
GDP - composition by sector: agriculture: 11% industry: 17% services: 72% (2001)
Population below poverty line: 30% (2000)
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 3% (2001)
Labor force: NA
Unemployment rate: 21% (2000 est.)
Budget: revenues: $112 million expenditures: $198 million, including capital expenditures of $NA (2000)
Industries: food and beverages, fish processing, shoes and garments, salt mining, ship repair
Industrial production growth rate: NA%
Electricity - production: 41 million kWh (2000)
Electricity - production by source: fossil fuel: 100% hydro: 0% other: 0% (2000) nuclear: 0%
Electricity - consumption: 38.13 million kWh (2000)
Electricity - exports: 0 kWh (2000)
Electricity - imports: 0 kWh (2000)
Agriculture - products: bananas, corn, beans, sweet potatoes, sugarcane, coffee, peanuts; fish
Exports: $27.3 million (f.o.b., 2001 est.)
Exports - commodities: fuel, shoes, garments, fish, hides
Exports - partners: Portugal 45%, UK 20%, Germany 20%, Guinea-Bissau 5% (1999)
Imports: $218 million (f.o.b., 2001 est.)
Imports - commodities: foodstuffs, industrial products, transport equipment, fuels
Imports - partners: Portugal 52%, Germany 7%, France 4%, UK 3% (1999)
Debt - external: $301 million (2000)
Economic aid - recipient: $136 million (1999)
Currency: Cape Verdean escudo (CVE)
Currency code: CVE
Exchange rates: Cape Verdean escudos per US dollar - 123.556 (January 2002), 115.877 (2000), 102.700 (1999), 98.158 (1998), 93.177 (1997)
Fiscal year: calendar year
Communications Cape Verde
Telephones - main lines in use: 60,935 (2002)
Telephones - mobile cellular: 28,119 (2002)
Telephone system: general assessment: effective system, being improved domestic: interisland microwave radio relay system with both analog and digital exchanges; work is in progress on a submarine fiber-optic cable system which is scheduled for completion in 2003 international: 2 coaxial submarine cables; HF radiotelephone to Senegal and Guinea-Bissau; satellite earth station - 1 Intelsat (Atlantic Ocean)
Radio broadcast stations: AM 0, FM 11 (and 14 repeaters), shortwave 0 (1998)
Radios: 100,000 (2002 est.)
Television broadcast stations: 3 (2002)
Televisions: 15,000 (2002 est.)
Internet country code: .cv
Internet Service Providers (ISPs): 1 (2000)
Internet users: 8,000 (2001)
Transportation Cape Verde
Railways: 0 km
Highways: total: 1,100 km paved: 858 km unpaved: 242 km (1996)
Waterways: none
Ports and harbors: Mindelo, Praia, Tarrafal
Merchant marine: total: 4 ships (1,000 GRT or over) totaling 5,395
GRT/6,614 DWT ships by type: cargo 3, chemical tanker 1 note: includes
a foreign-owned ship registered here as a flag of convenience: United
Kingdom 1 (2002 est.)
Airports: 9 note: 3 airports are reported to be nonoperational (2001)
Airports - with paved runways: total: 3 over 3,047 m: 1 914 to 1,523 m: 2 (2001)
Airports - with unpaved runways: total: 3 914 to 1,523 m: 3 (2001)
Military Cape Verde
Military branches: Army, Coast Guard
Military manpower - availability: males age 15-49: 92,486 (2002 est.)
Military manpower - fit for military service: males age 15-49: 52,215 (2002 est.)
Military expenditures - dollar figure: $9.3 million (FY01)
Military expenditures - percent of GDP: 1.6% (FY01)
Transnational Issues Cape Verde
Disputes - international: none
Illicit drugs: used as a transshipment point for illicit drugs moving from Latin America and Asia destined for Western Europe
This page was last updated on 1 January 2002
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Cook Islands
Introduction Cook Islands
Background: Named after Captain Cook, who sighted them in 1770, the islands became a British protectorate in 1888. By 1900, administrative control was transferred to New Zealand; in 1965 residents chose self-government in free association with New Zealand. The emigration of skilled workers to New Zealand and government deficits are continuing problems.
Geography Cook Islands
Location: Oceania, group of islands in the South Pacific Ocean, about one-half of the way from Hawaii to New Zealand
Geographic coordinates: 21 14 S, 159 46 W
Map references: Oceania
Area:
