What is the basis of Cape Verde's economy?
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Farming, the main economic activity, is severely limited by the small annual rainfall and extensive soil erosion; more than 80% of the country's food must be imported. Cape Verde has considerable underground reserves of water, but extraction has proved extremely costly. The main crops are bananas, corn, beans, sweet potatoes, sugarcane, coffee, and peanuts. Goats, hogs, cattle, and sheep are raised. Tuna and lobster are the main catches of a small but potentially rich fishing industry. Salt is extracted and there are unexploited gypsum deposits. The islands' industries include food processing, salt mining, ship repair, the manufacture of shoes and clothing, and tourism. Mindêlo is an important coaling station for ships, and transatlantic flights are serviced at an airport on Sal. the leading exports are fuel, shoes, garments, fish, and hides.
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