Bank accounts per 1,000 adults in Cape Verde
Cape Verde: Bank accounts per 1,000 adults was 2,008 in 2020. ▲ Rising
Bank accounts per 1,000 adults in Cape Verde, 2004–2020
Source: Financial Access Survey (FAS), International Monetary Fund (IMF).
Analysis
In 2020, bank accounts per 1,000 adults in Cape Verde stood at 2,008.
Compared with earlier readings it is down 8.2% on the previous year and up 37.7% over ten years.
Over the whole period, bank accounts per 1,000 adults in Cape Verde peaked at 2,187 in 2019 and was at its lowest, 922.16, in 2004.
Cape Verde ranks 5th of 103 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Bank accounts per 1,000 adults in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 922.16 | — |
| 2005 | 1,103 | +19.6% |
| 2006 | 1,178 | +6.8% |
| 2007 | 1,272 | +8.0% |
| 2008 | 1,399 | +10.0% |
| 2009 | 1,235 | -11.7% |
| 2010 | 1,457 | +18.0% |
| 2011 | 1,554 | +6.7% |
| 2012 | 1,644 | +5.7% |
| 2013 | 1,705 | +3.7% |
| 2014 | 1,771 | +3.9% |
| 2015 | 1,857 | +4.9% |
| 2016 | 1,847 | -0.5% |
| 2017 | 2,054 | +11.2% |
| 2018 | 2,122 | +3.3% |
| 2019 | 2,187 | +3.0% |
| 2020 | 2,008 | -8.2% |
Cape Verde compared with similar countries
- Cape Verde's 2,008 is above the median for upper middle income countries, which is 944.31, 2.1× the median. (29 countries reporting)
- Cape Verde's 2,008 is above the median for Sub-Saharan Africa, which is 194.06, 10.3× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,185 | 922.16 | 1,399 | 6 |
| 2010s | 1,820 | 1,457 | 2,187 | 10 |
| 2020s | 2,008 | 2,008 | 2,008 | 1 |
Countries ranked near Cape Verde
More financial sector data for Cape Verde
- Reserve position in the IMF, US dollar, annual growth rate 7.55 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 9.88 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 7.21 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.55 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 9.88 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.42 % change on previous year (2025)
Frequently asked questions
- What is bank accounts per 1,000 adults in Cape Verde?
- Bank accounts per 1,000 adults in Cape Verde was 2,008 in 2020, according to Financial Access Survey (FAS), International Monetary Fund (IMF).
- What is the highest bank accounts per 1,000 adults recorded in Cape Verde?
- The highest recorded value was 2,187 in 2019.
- What is the lowest bank accounts per 1,000 adults recorded in Cape Verde?
- The lowest recorded value was 922.16 in 2004.
- How does Cape Verde rank for bank accounts per 1,000 adults?
- Cape Verde ranks 5th out of 103 countries with data for 2020.
- Is bank accounts per 1,000 adults rising or falling in Cape Verde?
- Over the last ten years it is up 37.7%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from Financial Access Survey (FAS), International Monetary Fund (IMF), published as part of Bank accounts per 1,000 adults. Statizoid updates them automatically from the source API.
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About this data
For each country calculated as: 1,000*reported number of depositors/adult population in the reporting country.