Year Founded: 1975
Cape Verde is an outlying island nation off the west African coast. It was a former Portuguese colony and now has a population of about 540,000. It suffers from both a lack of natural resources and the inability to grow crops economically. With a fairly low food self-sufficiency ratio, the country relies mostly on imports for its food supply. It has maintained quite good political stability since its founding in 1975. As it is situated on major African shipping routes, just the foreign currency income generated by collecting fees from docking vessels alone is enough to sustain Cape Verde’s economy. Due to its lack of natural resources, the population of expatriate Cape Verdeans who have relocated abroad is even higher than the native population with a majority of them living in countries like the United States and Portugal.