Cape Verde: Number of poor in Cape Verde falls by almost 20 pct in six years

11 December 2008

Praia, Cape Verde, 11 Dec – The rate of poverty in Cape Verde fell 19.88 percent in the last six years, from 36.2 percent in 2001 to 29 percent in 2007, according to figures published Wednesday in Praia by the Cape Verdean National Statistics Institute (INE).

According to the official figures, amongst a population of around 450,000 people, there were 130,900 poor in Cape Verde in 2007, as compared to 163,000 in 2001.

In Cape Verde, the INE considers a poor person to have an annual income of less than 49,485 escudos, or 135.5 escudos per day (US$569.4 per year, or US$1.56 per day).

Official figures are the result of analysing the Expenditure and Revenue components in the Unified Questionnaire of Basic Wellbeing indicators (QUIBB), carried out in 2007.

In urban areas, according to INE, the poverty rate fell over the last six years, from 25 percent to 13.2 percent and in rural area the fall was less, from 51 percent to approximately 44 percent of the population.

The report published Wednesday was supported by the United Nations, the World Bank and the African Development Bank. (macauhub)