Fish and shellfish are plentiful, and small quantities are exported. Cape Verde has cold storage and freezing facilities as well as fish processing plants in Mindelo, Praia, and on Sal.
Cape Verde's strategic location at the crossroads of mid-Atlantic air and sea lanes has been enhanced by significant improvements at Mindelo's harbor (Porto Grande) and at Sal's international airport. Ship repair facilities at Mindelo were opened in 1983, and the harbors at Mindelo and Praia were recently renovated. The major ports are Mindelo and Praia, but all other islands have small port facilities, some of which are to be expanded in the near future. In addition to the international airport on Sal, airports are located on all of the inhabited islands. The archipelago has 3,050 kilometers (1,830 mi.) of roads, of which 1,010 kilometers (606 mi.) are paved. The airport of Praia is currently undergoing expansion.
GDP: purchasing power parity - $618 million (1999 est.)
GDP - real growth rate: 5% (1999 est.)
GDP - per capita: purchasing power parity - $1,500 (1999 est.)
GDP - composition by sector:
agriculture:
13%
industry:
19%
services:
68% (1998)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%:
NA%
highest 10%:
NA%
Inflation rate (consumer prices): 5% (1999)
Labor force: NA
Unemployment rate: NA%
Budget:
revenues:
$188 million
expenditures:
$228 million, including capital expenditures of $116 million (1996)
Industries: food and beverages[?], fish processing, shoes and garments, salt mining, ship repair
Industrial production growth rate: NA%
Electricity - production: 40 million kWh (1998)
Electricity - production by source:
fossil fuel:
100%
hydro:
0%
nuclear:
0%
other:
0% (1998)
Electricity - consumption: 37 million kWh (1998)
Electricity - exports: 0 kWh (1998)
Electricity - imports: 0 kWh (1998)
Agriculture - products: bananas, maize, beans, sweet potatoes, sugar cane, coffee, peanuts; fish
Exports: $38 million (f.o.b., 1999 est.)
Exports - commodities: fuel, shoes, garments, fish, bananas, hides
Exports - partners: Portugal, Germany, Spain, France, UK, Malaysia
Imports: $225 million (f.o.b., 1999 est.)
Imports - commodities: foodstuffs, industrial products, transport equipment, fuels
Imports - partners: Portugal, Netherlands, France, UK, Spain, US
Debt - external: $220 million (1998)
Economic aid - recipient: $111.3 million (1995)
Currency: 1 Cape Verdean escudo[?] (CVEsc) = 100 centavos
Exchange rates: Cape Verdean escudos (CVEsc) per US$1 - 107.280 (December 1999), 102.700 (1999), 98.158 (1998), 93.177 (1997), 82.591 (1996), 76.853 (1995)
Fiscal year: calendar year
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