Cape Verde

Cape Verde has a total surface area of only 4033 sq km. It consists of a series of ten islands and eight smaller ones. These islands are geologically derived from volcanoes. Situated in the Atlantic Ocean and near the extreme part of West Africa, bordering the Sahel, the climate is tropical and arid with a wet and dry season.

Population

With a total population of 432 812 inhabitants, of which the majority is youth, and a very dry climate, agricultural production has been a big challenge. These challenges have made the prospects of emigration attractive to Cape Viridians. It is therefore not surprising that many more Cape Viridians live outside rather than inside the country. The estimated population of Cape Viridians who live outside the country is 518 180. Repatriation of funds back home forms a significant part of the gross national income.

Economy

The economy of the country is based on service provision. There is a high level of education, with over 90% literacy, and the development index is 91 out of 171. GNP is estimated to be US$ 1354 and the internal debt is estimated to be more than 40% of gross national earnings. Above all, the country is heavily dependent on donor support for its economy, which makes its macroeconomic situation rather difficult with a poor balance of payments. On the positive side, Cape Verde is a stable democracy, which is an important factor for sustained development.