Bank credit to bank deposits (%) in Cape Verde
Cape Verde: Bank credit to bank deposits (%) was 64.4% in 2021. ▼ Falling
Bank credit to bank deposits in Cape Verde, 1980–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, bank credit to bank deposits in Cape Verde stood at 64.4%.
The figure is up 3.3% on the previous year and down 28.1% over ten years.
Over the whole period, bank credit to bank deposits in Cape Verde peaked at 200.0% in 1990 and was at its lowest, 34.2%, in 1993.
That places Cape Verde 125th out of 186 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 42 years of available data.
Bank credit to bank deposits (%) in Cape Verde, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 152.7% | — |
| 1981 | 144.4% | -5.4% |
| 1982 | 137.6% | -4.7% |
| 1983 | 112.8% | -18.0% |
| 1984 | 100.9% | -10.6% |
| 1985 | 106.7% | +5.7% |
| 1986 | 99.1% | -7.1% |
| 1987 | 122.7% | +23.8% |
| 1988 | 148.9% | +21.4% |
| 1989 | 166.1% | +11.6% |
| 1990 | 200.0% | +20.4% |
| 1991 | 178.4% | -10.8% |
| 1992 | 180.6% | +1.2% |
| 1993 | 34.2% | -81.1% |
| 1994 | 36.1% | +5.7% |
| 1995 | 45.6% | +26.3% |
| 1996 | 43.0% | -5.5% |
| 1997 | 52.0% | +20.9% |
| 1998 | 57.9% | +11.3% |
| 1999 | 78.6% | +35.7% |
| 2000 | 70.4% | -10.5% |
| 2001 | 68.6% | -2.5% |
| 2002 | 65.4% | -4.6% |
| 2003 | 66.9% | +2.2% |
| 2004 | 64.9% | -2.9% |
| 2005 | 60.2% | -7.2% |
| 2006 | 63.1% | +4.7% |
| 2007 | 63.1% | -0.0% |
| 2008 | 74.5% | +18.1% |
| 2009 | 80.1% | +7.5% |
| 2010 | 82.3% | +2.7% |
| 2011 | 89.7% | +9.0% |
| 2012 | 83.1% | -7.3% |
| 2013 | 75.6% | -9.0% |
| 2014 | 69.8% | -7.7% |
| 2015 | 65.8% | -5.7% |
| 2016 | 62.7% | -4.8% |
| 2017 | 62.5% | -0.3% |
| 2018 | 63.0% | +0.8% |
| 2019 | 60.1% | -4.6% |
| 2020 | 62.4% | +3.9% |
| 2021 | 64.4% | +3.3% |
Cape Verde compared with similar countries
- Cape Verde's 64.4% is below the median for upper middle income countries, which is 79.3%, 81% of the median. (55 countries reporting)
- Cape Verde's 64.4% is below the median for Sub-Saharan Africa, which is 65.6%, 98% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Bank credit to bank deposits (%) in Cape Verde changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | -81.1% | 180.6% | 34.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 129.2% | 99.1% | 166.1% | 10 |
| 1990s | 90.6% | 34.2% | 200.0% | 10 |
| 2000s | 67.7% | 60.2% | 80.1% | 10 |
| 2010s | 71.4% | 60.1% | 89.7% | 10 |
| 2020s | 63.4% | 62.4% | 64.4% | 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 credit to bank deposits in Cape Verde?
- Bank credit to bank deposits in Cape Verde was 64.4% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in Cape Verde?
- The highest recorded value was 200.0% in 1990.
- What is the lowest bank credit to bank deposits recorded in Cape Verde?
- The lowest recorded value was 34.2% in 1993.
- How does Cape Verde rank for bank credit to bank deposits?
- Cape Verde ranks 125th out of 186 countries with data for 2021.
- Is bank credit to bank deposits rising or falling in Cape Verde?
- Over the last ten years it is down 28.1%. The long-run trend across the full record is falling.
- Where does this Cape Verde data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank credit to bank deposits (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).