Cape Verde

Names: conventional long form: Republic of Cape Verde conventional short form: Cape Verde local long form: Republica de Cabo Verde local short form: Cabo Verde

Capital City: Praia

Population: 420,979 (July 2006 est.)

GDP Per Capita: $6,000 (2006 est.)

Currency: Cape Verdean escudo (CVE)

Languages: Portuguese, Crioulo (a blend of Portuguese and West African words)

Total Area: total: 4,033 sq km land: 4,033 sq km water: 0 sq km slightly larger than Rhode Island

Region: Africa

Industries: food and beverages, fish processing, shoes and garments, salt mining, ship repair

Agriculture: bananas, corn, beans, sweet potatoes, sugarcane, coffee, peanuts; fish

Resources: salt, basalt rock, limestone, kaolin, fish, clay, gypsum

Labor Force: 120,600 (1990)

Exports: $96.71 million f.o.b. (2006 est.)
fuel, shoes, garments, fish, hides

Imports: $495.1 million f.o.b. (2006 est.)
foodstuffs, industrial products, transport equipment, fuels

Overview: This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. The economy is service-oriented, with commerce, transport, tourism, and public services accounting for 66% of GDP. Although nearly 70% of the population lives in rural areas, the share of food production in GDP in 2004 was only 12%, of which fishing accounted for 1.5%. 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 emigrants; remittances supplement GDP by more than 20%. 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 has been exploring European Union membership in recent years.

CIA World Book

In 2007 Missouri had no exports to Cape Verde.



NAICS Industry Annual
2002 2003 2004 2005 2006 2007
000 - Total All Industries MO NA NA NA 29,000 NA NA
000 - Total All Industries US 9,644,187 9,119,074 50,969,205 9,871,825 13,619,116 5,571,564
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