Bank cost to income ratio (%) in Cape Verde
Cape Verde: Bank cost to income ratio (%) was 51.7% in 2021. ▼ Falling
Bank cost to income ratio in Cape Verde, 2008–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
Cape Verde recorded 51.7% for bank cost to income ratio in 2021. That is the lowest value across all 14 years on record.
The figure is down 3.9% on the previous year and down 18.5% over ten years.
Over the whole period, bank cost to income ratio in Cape Verde peaked at 78.2% in 2014 and was at its lowest, 51.7%, in 2021.
That places Cape Verde 108th out of 169 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Bank cost to income ratio (%) in Cape Verde, year by year
| Year | % | Change |
|---|---|---|
| 2008 | 60.8% | — |
| 2009 | 71.3% | +17.2% |
| 2010 | 61.6% | -13.6% |
| 2011 | 63.4% | +2.8% |
| 2012 | 72.4% | +14.2% |
| 2013 | 75.3% | +4.0% |
| 2014 | 78.2% | +4.0% |
| 2015 | 73.6% | -5.9% |
| 2016 | 76.0% | +3.2% |
| 2017 | 67.5% | -11.2% |
| 2018 | 75.5% | +11.9% |
| 2019 | 58.8% | -22.2% |
| 2020 | 53.8% | -8.6% |
| 2021 | 51.7% | -3.9% |
Cape Verde compared with similar countries
- Cape Verde's 51.7% is below the median for upper middle income countries, which is 54.3%, 95% of the median. (48 countries reporting)
- Cape Verde's 51.7% is below the median for Sub-Saharan Africa, which is 55.5%, 93% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 66.1% | 60.8% | 71.3% | 2 |
| 2010s | 70.2% | 58.8% | 78.2% | 10 |
| 2020s | 52.7% | 51.7% | 53.8% | 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 cost to income ratio in Cape Verde?
- Bank cost to income ratio in Cape Verde was 51.7% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank cost to income ratio recorded in Cape Verde?
- The highest recorded value was 78.2% in 2014.
- What is the lowest bank cost to income ratio recorded in Cape Verde?
- The lowest recorded value was 51.7% in 2021.
- How does Cape Verde rank for bank cost to income ratio?
- Cape Verde ranks 108th out of 169 countries with data for 2021.
- Is bank cost to income ratio rising or falling in Cape Verde?
- Over the last ten years it is down 18.5%. 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 cost to income ratio (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from Bankscope. Data2090 / (data2080 + data2085). All Numerator and denominator are first aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.