World GNP ranking: 166th GNP per capita: $1340 Balance of payments: –$71m Inflation: 1.9% Unemployment: 24% |
Strategic location close to the mid-Atlantic where Africa is nearest to Latin America: military and economic advantages, including shipping maintenance and air travel. Low debt-servicing costs. Tourism and fishing. Privatization program.
Permanent threat of drought and water supply problems, despite desalination plants. Lack of agricultural land and dependence on food aid. Difficulties of communications between islands.