er 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)

Unemployment rate: 26% (1990 est.)

Budget:
revenues: $174 million
expenditures: $235 million, including capital expenditures of $165