Economy of Cape Verde

Imports

Imports commoditiesfoodstuffs, industrial products, transport equipment, fuels

Import partnersPortugal 38.1%, Netherlands 21.5%, China 7.9%, Spain 7% (2012)

Exports

Exports commoditiesfuel, shoes, garments, fish, hides

Export partnersSpain 66.9%, Portugal 13.9%, US 5% (2012)

Economy sectors

Agriculture productsbananas, corn, beans, sweet potatoes, sugarcane, coffee, peanuts; fish

Industrial productsfood and beverages, fish processing, shoes and garments, salt mining, ship repair

Economy

Unemployment7.60 % (2012)7.70 % (2011)7.70 % (2010)

GDP - Official Exchange Rate1.96 Billion $ (2013)1.80 Billion $ (2012)1.86 Billion $ (2011)

GDP growth rate1.50 % (2013)2.50 % (2012)5.20 % (2011)

GDP per Capita (PPP)4,400 $ (2013)4,400 $ (2012)4,000 $ (2011)

GDP - Purchasing Power Parity2.22 Billion $ (2013)2.16 Billion $ (2012)2.09 Billion $ (2011)

GDP PPP per land area551 Thousand $ per square kilometer (2013)536 Thousand $ per square kilometer (2012)518 Thousand $ per square kilometer (2011)

Electricity

Banking

Central bank discount rate7.50 % (2010)7.50 % (2009)7.50 % (2008)

Commercial bank prime lending rate10.1 % (2013)9.92 % (2012)9.80 % (2011)

GDP decomposition by sector

Agriculture % of GDP9.30 % (2013)9.40 % (2012)

Industry % of GDP18.8 % (2013)18.9 % (2012)

Services % of GDP71.9 % (2013)71.7 % (2012)

Tourism

International tourism, number of arrivals482 Thousand (2012)428 Thousand (2011)336 Thousand (2010)

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)86.2 % of GDP (2012)77.5 % of GDP (2011)

Current Account Balance (Percentage of GDP)-11.91 % of GDP (2012)-16.32 % of GDP (2011)-13.39 % of GDP (2010)

External Debt Stocks (Percentage of GNI)67.9 % of GNI (2012)56.3 % of GNI (2011)56.3 % of GNI (2010)

Short-term debt (percentage of total external debt)0.12 % of total external debt (2012)0.14 % of total external debt (2011)0.17 % of total external debt (2010)

Current Account Balance (Total)-100.00 Million $ (2013)-209.30 Million $ (2012)-287.80 Million $ (2011)

External Debt (Total)1.33 Billion $ (2013)1.18 Billion $ (2012)824 Million $ (2011)

External Debt (Percentage of GDP)67.9 % of GDP (2013)65.6 % of GDP (2012)44.2 % of GDP (2011)

External Debt per Capita2,501 $ (2013)2,254 $ (2012)1,597 $ (2011)