28' The balance-of-payments figures since 1.980 reveal a continuing trade deficit,amounting to almost the eguivalent of the national income, covered largely byforeign aid and remit,tances from overseas. rn 19g3, private transfers totalledover 932 million and public transfers over $33 million. Remittances declined by25 per cent between 1981 and 1983 (the last year for which data are available) dueto worl'd-wide economic difficulties and the -orr""qr"nt increase in unemploymentamong cape verdeans riving abroad. The declining value of the national crirerrcy(escudos) vis-i-vis the united states dorlar - an effective depreciation of almost, /-/5 per cent' between 1980 and 1985 - has resulted in both a reduction in the dollarvarue of exports and an increase in the cost of imports, petroleum products in particular. The value of exports declined by more than g0 per cent between I9g0and 1983' rn 1980, exports of goods covered armost ll per cent of importsl in l9g3exports covered only about 2 per cent of imports. The relatively high level ofimports refrects in part the reguirements of the investment programme fordevelopment. Table z Cape Verde: Balance of payments (Thousands of United States dotlars) 1980 1981 1982 1983 Imports of goods, c.i.f. Exports of goods, f.o.b.Non-factor services Balance of trade and services Private transfers Capital revenues Balance on current account Public transfers Ioans Errors and omissions Overall balance91 788 10 463 3 0s4 -78 27L 45 6tl 3 891 -28 769 33 789 2 708 -1 Is4-6195 951 4 066 16 317104 575 7 620 307 -96 648 43 990 538 30 lts 21 411 5 3s3-52 25 22 4-76 s58 35 2L7 -3 870 -45 22L 12 658436 934 187 315 32 877 -4 78I -33 218 33 151 -1914 2L3 3 95584I 2L 6 574020 747 725 240 692 29. As at 30 September 1994, the total external debt was $116.6 million of which$65'3 million has been disbursed. The total debt represents almost 150 per cent ofGDP' According to the Government, debt service increased,from $r25r000 in 19g0 to$4'5 million in 1984, over twice the value of exports in that year. Debt servicefor 1985 is projected at $4.5 mitlion. 7...A/40/44L English Page 17 30. The economy of Cape Verde is highly dependent on external economic conditions
**Analysis**
The text appears to be focused on the economic situation of Cape Verde, discussing trade deficits, debt, and the impact of external economic conditions on the country's economy. The language used is technical and financial, indicating a focus on economic data and statistics. The text does not mention natural resources, agriculture, forestry, fishing, health, education, employment, humanitarian aid, culture, or science and technology.

**Category**
International trade, Economic development