Bank concentration in Cape Verde
Cape Verde: Bank concentration was 73.6% in 2021. ▼ Falling
Bank concentration in Cape Verde, 2008–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
In 2021, bank concentration in Cape Verde stood at 73.6%.
That represents a change of down 4.6% on the previous year and down 14.3% over ten years.
Over the whole period, bank concentration in Cape Verde peaked at 100.0% in 2008 and was at its lowest, 72.0%, in 2019.
Cape Verde ranks 80th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Bank concentration in Cape Verde, year by year
| Year | % | Change |
|---|---|---|
| 2008 | 100.0% | — |
| 2009 | 88.7% | -11.3% |
| 2010 | 90.6% | +2.1% |
| 2011 | 85.8% | -5.2% |
| 2012 | 85.6% | -0.3% |
| 2013 | 81.7% | -4.6% |
| 2014 | 82.2% | +0.7% |
| 2015 | 84.7% | +3.0% |
| 2016 | 76.6% | -9.6% |
| 2017 | 78.1% | +1.9% |
| 2018 | 75.5% | -3.4% |
| 2019 | 72.0% | -4.6% |
| 2020 | 77.1% | +7.1% |
| 2021 | 73.6% | -4.6% |
Cape Verde compared with similar countries
- Cape Verde's 73.6% is above the median for upper middle income countries, which is 70.5%, 1.0× the median. (48 countries reporting)
- Cape Verde's 73.6% is below the median for Sub-Saharan Africa, which is 77.1%, 95% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 94.3% | 88.7% | 100.0% | 2 |
| 2010s | 81.3% | 72.0% | 90.6% | 10 |
| 2020s | 75.3% | 73.6% | 77.1% | 2 |
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 concentration in Cape Verde?
- Bank concentration in Cape Verde was 73.6% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Cape Verde?
- The highest recorded value was 100.0% in 2008.
- What is the lowest bank concentration recorded in Cape Verde?
- The lowest recorded value was 72.0% in 2019.
- How does Cape Verde rank for bank concentration?
- Cape Verde ranks 80th out of 170 countries with data for 2021.
- Is bank concentration rising or falling in Cape Verde?
- Over the last ten years it is down 14.3%. The long-run trend across the full record is falling.
- Where does this Cape Verde data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.