Borrowers from commercial banks in Cape Verde
Cape Verde: Borrowers from commercial banks 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 54th out of 112 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 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% |
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
- 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 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 54th out of 112 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.
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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.