Bank deposits to GDP in Cape Verde
Cape Verde: Bank deposits to GDP was 109.8% in 2021. ▲ Rising
Bank deposits to GDP in Cape Verde, 1993–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Cape Verde recorded 109.8% for bank deposits to gdp in 2021.
Compared with earlier readings it is down 5.6% on the previous year and up 50.8% over ten years.
Over the whole period, bank deposits to gdp in Cape Verde peaked at 116.3% in 2020 and was at its lowest, 40.8%, in 1993.
That places Cape Verde 24th out of 185 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Bank deposits to GDP in Cape Verde, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 40.8% | — |
| 1994 | 53.9% | +32.1% |
| 1995 | 54.5% | +1.1% |
| 1996 | 56.7% | +4.1% |
| 1997 | 57.0% | +0.5% |
| 1998 | 51.6% | -9.4% |
| 1999 | 50.0% | -3.1% |
| 2000 | 54.4% | +8.8% |
| 2001 | 56.0% | +3.1% |
| 2002 | 62.7% | +11.9% |
| 2003 | 62.9% | +0.4% |
| 2004 | 67.9% | +7.9% |
| 2005 | 75.1% | +10.7% |
| 2006 | 79.8% | +6.2% |
| 2007 | 70.7% | -11.4% |
| 2008 | 69.1% | -2.3% |
| 2009 | 71.3% | +3.3% |
| 2010 | 74.1% | +3.9% |
| 2011 | 72.8% | -1.8% |
| 2012 | 76.8% | +5.5% |
| 2013 | 84.2% | +9.6% |
| 2014 | 90.0% | +6.8% |
| 2015 | 93.2% | +3.6% |
| 2016 | 97.0% | +4.0% |
| 2017 | 99.2% | +2.3% |
| 2018 | 94.7% | -4.5% |
| 2019 | 96.9% | +2.3% |
| 2020 | 116.3% | +20.1% |
| 2021 | 109.8% | -5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 52.0% | 40.8% | 57.0% | 7 |
| 2000s | 67.0% | 54.4% | 79.8% | 10 |
| 2010s | 87.9% | 72.8% | 99.2% | 10 |
| 2020s | 113.1% | 109.8% | 116.3% | 2 |
Countries ranked near Cape Verde
More financial sector data for Cape Verde
- Net domestic credit (current LCU), per capita 370,513 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 63.92 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 1.41 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 915.16 million SDR (2025)
- Reserves excluding gold 919.24 million SDR (2025)
- Total reserves (gold at market value) 919.24 million SDR (2025)
- Total reserves (gold at national valuation) 919.24 million SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,743 SDR per person (2025)
Frequently asked questions
- What is bank deposits to gdp in Cape Verde?
- Bank deposits to gdp in Cape Verde was 109.8% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Cape Verde?
- The highest recorded value was 116.3% in 2020.
- What is the lowest bank deposits to gdp recorded in Cape Verde?
- The lowest recorded value was 40.8% in 1993.
- How does Cape Verde rank for bank deposits to gdp?
- Cape Verde ranks 24th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Cape Verde?
- Over the last ten years it is up 50.8%. The long-run trend across the full record is rising.
- 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 deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).