Cabo Verde [+]Compare [E]dit [H]istory

Aliases: Republic of Cabo Verde, Republica de Cabo Verde

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Object «Cabo Verde» has attributes

Attribute Value
Geography
Area 4,033 km²
Continent Africa
Land area 4,033 km²
Water area 0 km²
Land boundaries 0 km
Border countries Add
Coastline 965 km
Mean elevation Add
Lowest point 0 m
Highest point 2,829 m
People
Population 583,255
Official languages
  • Portuguese
Religion Roman Catholic
Government
Long country name Republic of Cabo Verde
Short country name Cabo Verde
Long local name Republica de Cabo Verde
Short local name Cabo Verde
Former name Add
Government type Parliamentary republic
Capital Praia
Economy
GDP (PPP) 3,777,000,000 USD
GDP (OER) 1,776,000,000 USD
GDP (real growth rate) 4 %
GDP - per capita (PPP) 7,000 USD
Gross national saving 32.4 % of GDP
Labor force 196,100
Unemployment rate 9 %
Population below poverty line 30 %
Budget revenues 493,500,000 USD
Budget expenditures 546,700,000 USD
Military expenditures 0.55 % of GDP
Taxes and other revenues 27.8 % of GDP
Budget surplus or deficit -3 % of GDP
Public debt 125.8 % of GDP
Inflation rate 0.8 %
Central bank discount rate 7.5 %
Commercial bank prime lending rate 9.5 %
Stock of narrow money 774,000,000 USD
Stock of broad money 774,000,000 USD
Stock of domestic credit 1,610,000,000 USD
Market value of publicly traded shares Add
Current account balance -109,000,000 USD
Exports 189,000,000 USD
Imports 836,100,000 USD
Reserves of foreign exchange and gold 617,400,000 USD
External debt 1,713,000,000 USD
National currency Cabo Verdean escudos
National currency (code) CVE
National currency (symbol) $
National currency rate to USD 101.8

The uninhabited islands were discovered and colonized by the Portuguese in the 15th century; Cabo Verde subsequently became a trading center for African slaves and later an important coaling and resupply stop for whaling and transatlantic shipping. The fusing of European and various African cultural traditions is reflected in Cabo Verde’s Krioulo language, music, and pano textiles. 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. Cabo Verde continues to sustain one of Africa's most stable democratic governments and one of its most stable economies, maintaining a currency formerly pegged to the Portuguese escudo and then the euro since 1998. Repeated droughts during the second half of the 20th century caused significant hardship and prompted heavy emigration. As a result, Cabo Verde's expatriate population - concentrated in Boston and Western Europe - is greater than its domestic one. Most Cabo Verdeans have both African and Portuguese antecedents. Cabo Verde’s population descends from its first permanent inhabitants in the late 15th-century – a preponderance of West African slaves, a small share of Portuguese colonists, and even fewer Italians, Spaniards, and Portuguese Jews. Among the nine inhabited islands, population distribution is variable. Islands in the east are very dry and are home to the country's growing tourism industry. The more western islands receive more precipitation and support larger populations, but agriculture and livestock grazing have damaged their soil fertility and vegetation. For centuries, the country’s overall population size has fluctuated significantly, as recurring periods of famine and epidemics have caused high death tolls and emigration.

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There was one edit, no edits waiting approval. Last edited by jmcdermott(9391), Sep 16, 2019 (59 fields were changed)
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