Cabo Verde

Country Summary

2022 population pyramid

Introduction

Background

The uninhabited islands were discovered and colonized by the Portuguese in the 15th century. Following independence in 1975, 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.

Geography

Area

total: 4,033 sq km

land: 4,033 sq km

water: 0 sq km

Climate

temperate; warm, dry summer; precipitation meager and erratic

Natural resources

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

People and Society

Population

596,707 (2022 est.)

Ethnic groups

Creole (Mulatto) 71%, African 28%, European 1%

Languages

Portuguese (official), Krioulo (a Portuguese-based Creole language with two main dialects spoken in Cabo Verde and in the Cabo Verdean diaspora worldwide)

Religions

Roman Catholic 77.3%, Protestant 4.6% (includes Church of the Nazarene 1.7%, Adventist 1.5%, Assembly of God 0.9%, Universal Kingdom of God 0.4%, and God and Love 0.1%), other Christian 3.4% (includes Christian Rationalism 1.9%, Jehovah's Witness 1%, and New Apostolic 0.5%), Muslim 1.8%, other 1.3%, none 10.8%, unspecified 0.7% (2010 est.)

Population growth rate

1.21% (2022 est.)

Government

Government type

parliamentary republic

Capital

name: Praia

Executive branch

chief of state: President Jose Maria NEVES (since 9 November 2021)

head of government: Prime Minister Ulisses CORREIA E. SILVA (since 22 April 2016)

Legislative branch

description: unicameral National Assembly or Assembleia Nacional (72 seats; members directly elected in multi-seat constituencies by proportional representation vote; members serve 5-year terms)

Economy

Economic overview

tourism-dominated economy benefits from the country’s relative close proximity to Europe; 2009 Financial Crisis halted economic growth for seven years; leveraging export-based growth; COVID-19 decimated economic growth and recovery; high external debt

Real GDP (purchasing power parity)

$3.36 billion (2020 est.)

Real GDP per capita

$6,000 (2020 est.)

Agricultural products

sugar cane, tomatoes, bananas, cabbages, coconuts, cassava, pulses nes, vegetables, milk, goat milk

Industries

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

Exports

$420 million (2020 est.)

Exports - partners

Spain 65%, Portugal 14%, Italy 8% (2019)

Exports - commodities

processed and frozen fish, mollusks, clothing, scrap iron (2019)

Imports

$1.02 billion (2020 est.)

Imports - partners

Portugal 36%, Netherlands 16%, Spain 11%, China 6% (2019)

Imports - commodities

refined petroleum, delivery trucks, coal tar oil, cars, rice (2019)

Exchange rates

Cabo Verdean escudos (CVE) per US dollar -


Page last updated: Wednesday, May 11, 2022