Borrowers from commercial banks (per 1,000 adults) in Cape Verde
Cape Verde: Borrowers from commercial banks (per 1,000 adults) was 208.75 per 1,000 adults in 2022. ▲ Rising
Borrowers from commercial banks in Cape Verde, 2004–2022
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
The most recent figure for borrowers from commercial banks in Cape Verde is 208.75 per 1,000 adults, measured in 2022.
The figure is down 8.2% on the previous year and up 95.3% over ten years.
Over the whole period, borrowers from commercial banks in Cape Verde peaked at 232.94 per 1,000 adults in 2020 and was at its lowest, 80.38 per 1,000 adults, in 2004.
That places Cape Verde 55th out of 113 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Borrowers from commercial banks (per 1,000 adults) in Cape Verde, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 80.38 per 1,000 adults | — |
| 2005 | 84 per 1,000 adults | +4.5% |
| 2006 | 90 per 1,000 adults | +7.1% |
| 2007 | 95.55 per 1,000 adults | +6.2% |
| 2008 | 104.64 per 1,000 adults | +9.5% |
| 2009 | 114.75 per 1,000 adults | +9.7% |
| 2010 | 119.81 per 1,000 adults | +4.4% |
| 2011 | 126 per 1,000 adults | +5.2% |
| 2012 | 106.9 per 1,000 adults | -15.2% |
| 2013 | 104.07 per 1,000 adults | -2.6% |
| 2014 | 153.5 per 1,000 adults | +47.5% |
| 2015 | 182.48 per 1,000 adults | +18.9% |
| 2016 | 187.47 per 1,000 adults | +2.7% |
| 2017 | 185.75 per 1,000 adults | -0.9% |
| 2018 | 203.99 per 1,000 adults | +9.8% |
| 2019 | 222.78 per 1,000 adults | +9.2% |
| 2020 | 232.94 per 1,000 adults | +4.6% |
| 2021 | 227.41 per 1,000 adults | -2.4% |
| 2022 | 208.75 per 1,000 adults | -8.2% |
Cape Verde compared with similar countries
- Cape Verde's 208.75 per 1,000 adults is below the median for upper middle income countries, which is 263.02 per 1,000 adults, 79% of the median. (33 countries reporting)
- Cape Verde's 208.75 per 1,000 adults is above the median for Sub-Saharan Africa, which is 55.43 per 1,000 adults, 3.8× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Borrowers from commercial banks (per 1,000 adults) 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 |
|---|---|---|---|
| 2014 | +47.5% | 104.07 per 1,000 adults | 153.5 per 1,000 adults |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 94.89 per 1,000 adults | 80.38 per 1,000 adults | 114.75 per 1,000 adults | 6 |
| 2010s | 159.28 per 1,000 adults | 104.07 per 1,000 adults | 222.78 per 1,000 adults | 10 |
| 2020s | 223.03 per 1,000 adults | 208.75 per 1,000 adults | 232.94 per 1,000 adults | 3 |
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 borrowers from commercial banks in Cape Verde?
- Borrowers from commercial banks in Cape Verde was 208.75 per 1,000 adults in 2022, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Cape Verde?
- The highest recorded value was 232.94 per 1,000 adults in 2020.
- What is the lowest borrowers from commercial banks recorded in Cape Verde?
- The lowest recorded value was 80.38 per 1,000 adults in 2004.
- How does Cape Verde rank for borrowers from commercial banks?
- Cape Verde ranks 55th out of 113 countries with data for 2022.
- Is borrowers from commercial banks rising or falling in Cape Verde?
- Over the last ten years it is up 95.3%. 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, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.