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Country Commercial Guides for FY 2000:
Cape Verde

Report prepared by U.S. Embassy
Praia, released July 1999

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CHAPTER X:   Economic and Trade Statistics

APPENDIX A:   Country Data 

Population (mid-1995 estimate):	411,000
Population Growth Rate (1997) : 2.7%
Religions:  			Catholic, Protestant
Government System:  		Democratic Republic
Language:   Portuguese (official); Cape Verdean Creoulo (national)
Workweek:   Monday-Friday

APPENDIX B:   Domestic Economy (USD millions, except as noted) 

	
				1996		1997		 1998

GDP				423.4		  490		  541
GDP Growth Rate (percent) 	  4.0		  3.0		  5.6
GDP per Capita (1 usd)  	1,087	    	1,046      	1,316
Government Spending as	       	     	     
  percentage of GDP (percent) 	 57.5        	 42.2        	 39.1
Inflation (percent)	      	  6.0		  8.6        	  4.7
Unemployment (percent)		 30.5		 31.4		 28.3
Foreign Exchange Reserves     	 86.8	         60.2		 57.7
Average Exchange Rate for    	81.73      	93.19	      	97.99
  USD 1
Foreign Debt			  199        	  225         	  251
Debt Service			 38.1	   	  --          	  --
U.S. Assistance 		  5.8	  	  3.1	          3.1

E = estimates
-- = Not available
Sources:   Bank of Cape Verde, Office of the Vice Prime Minister

APPENDIX C:   Trade

Exports, Imports and Coverage Rate of Imports by Exports (USD million, except as noted)* 

		 1996	 1997	 1998	1999(e)
Exports	     	 12.8	 13.8	 10.2	 64.0
Imports        	237	211.1   220	252	
Cov.Rate (%)   	  5.4	  6.5	  4.6    25
U.S. Imports	  8.5	 20.6	 12.6	 --

Market Share of Major Trading Partners (percent): 

Country		1996		1997		1998	   
Portugal	40.9		42.8		46.9
Netherlands	 7.6		11.1		 6.8
France 		 5.6		 9.2		 5.0
United States	 3.6		 9.4		 5.6
Germany	       	 3.0		 2.1		 4.6
United Kingdom	 2.8		 2.0		 2.7
Sweden		 1.7		 1.1		 0.7

Source:   Boletim de Estatisticas, Bank of Cape Verde

APPENDIX D:   Investment Statistics (in USD million): 

			1996		1997		1998
Foreign Direct Inv.	48.3		59.0	       232.5
Exports Generated	 8.0		10.4		34.0

Source:   PROMEX

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Note* International Copyright, United States Government, 1998 (or other year of first publication). All rights under foreign copyright laws are reserved. All portions of this publication are protected against any type or form of reproduction, communications to the public and the preparation of adaptations, arrangement and alterations outside the United States. U. S. copyright is not asserted under the U.S. Copyright Law, Title17, United States Code.

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