Cape VerdeCapital city: Praia
Languages: Portuguese (official)
Population: Above 0.5 million
Area: 4,030 sq km
GDP per capita: 3,798 in 2011
GDP current US$: 2 in 2011
Ease of Business Ranking: 122 in 2013

Cape Verde, officially the Republic of Cape Verde, is an island country, spanning an archipelago of 10 islands located in the central Atlantic Ocean, 570 kilometres (350 miles) off the coast of Western Africa. The islands, covering a combined area of slightly over 4,000 square kilometres (1,500 sq mi), are of volcanic origin and while three of them (Sal, Boa Vista and Maio) are fairly flat, sandy and dry, the remaining ones are generally rockier and have more vegetation.

The previously uninhabited islands were discovered and colonized by the Portuguese in the 15th century, and became important in the Atlantic slave trade for their location. The islands' prosperity often attracted privateers and pirates, including Sir Francis Drake, a corsair (privateer) under the authority of the English crown, who twice sacked the (then) capital Ribeira Grande, in the 1580s. The islands were also visited by Charles Darwin's expedition in 1832. The decline in the slave trade in the 19th century resulted in an economic crisis for the islands. With few natural resources, and without strong sustainable investment from the Portuguese, the citizens grew increasingly discontented with the colonial masters, who nevertheless refused to provide the local authorities with more autonomy. A budding independence movement culminated in 1975, when a movement originally led by Amílcar Cabral (who was assassinated on 20 January 1973) then passed onto his half-brother Luís Cabral, achieved independence for the archipelago.

The country has an estimated population (most of them creole) of about 500,000, with its capital city Praia accounting for a quarter of its citizens. Nearly 38% of the population lives in rural areas according to the 2010 Cape Verdean census. The literacy rate is around 85%. Politically, the country is a very stable democracy, with notable economic growth and improvements of living conditions despite its lack of natural resources, and has garnered international recognition by other countries and international organizations, which often provide development aid. Since 2007, Cape Verde has been classified as a developing nation.

Tough economic times during the last decades of its colonization and the first years of Cape Verde's independence led many to emigrate to Europe, the Americas and other African countries. This emigration was so significant that the number of Cape Verdeans and their descendants living abroad currently exceeds the population of Cape Verde itself. Historically, the influx of remittances from these emigrant communities to their families has provided a substantial contribution to help strengthen the country's economy. Currently, the Cape Verdean economy is mostly service-oriented with a growing focus on tourism and foreign investment, which benefits from the islands' warm climate throughout the year, diverse landscape and cultural wealth, especially in music.

Source: Wikipedia

 

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