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República de Cabo Verde
Republic of Cape Verde

Flag of Cape Verde Coat of Arms of Cape Verde
Anthem
Cântico da Liberdade
Song of Freedom
Map of Cape Verde
CapitalPraia
Government Republic and parliamentary democracy
President
- From 2011Jorge Carlos Fonseca
Prime Minister
- From 2001José Maria Neves
Legislature National Assembly
History
July 5, 1975from Portugal
Area4,033 km²
Population
- 2010567,000
 Density140.5/km²
GDP2010 (PPP)
- TotalUS$ 2.1 billion
- Per capitaUS$ 3,783
CurrencyCape Verdean escudo
Flag of None Province of Cape Verde
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The Republic of Cape Verde is a parliamentary republic off the coast of Western Africa.


Background

The uninhabited islands were discovered and colonized by the Portuguese in the 15th century; Cape Verde subsequently became a trading center for African slaves and later an important coaling and resupply stop for whaling and transatlantic shipping. Following independence in 1975, and a tentative interest in unification with Guinea-Bissau, a one-party system was established and maintained until multi-party elections were held in 1990. Cape Verde continues to exhibit one of Africa's most stable democratic governments. Repeated droughts during the second half of the 20th century caused significant hardship and prompted heavy emigration. As a result, Cape Verde's expatriate population is greater than its domestic one. Most Cape Verdeans have both African and Portuguese antecedents.[1]

Economy

This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought and poor soil for agriculture on several of the islands. The economy is service oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. Although about 40% of the population lives in rural areas, the share of food production in GDP is low. About 82% 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 foreign aid and remittances from its large pool of emigrants; remittances supplement GDP by more than 20%. Despite the lack of resources, sound economic management has produced steadily improving incomes. Continued 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 became a member of the WTO in July 2008.[2]

President

  • Jorge Carlos Fonseca () (September 9, 2011 - )


Prime Minister

  • José Maria Neves () (February 1, 2001 - )

Nation

Cape Verdean Polities

References

  1. The CIA World Factbook: Introduction - Background
  2. The CIA World Factbook: Economy - Overview

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