Commercial bank branches in Cape Verde
Cape Verde: Commercial bank branches was 34.8 per 100,000 adults in 2024. ▲ Rising
Commercial bank branches in Cape Verde, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 100,000 adults.
Analysis
The most recent figure for commercial bank branches in Cape Verde is 34.8 per 100,000 adults, measured in 2024.
That represents a change of up 0.6% on the previous year and up 3.5% over ten years.
Over the whole period, commercial bank branches in Cape Verde peaked at 35.14 per 100,000 adults in 2022 and was at its lowest, 15.46 per 100,000 adults, in 2004.
Cape Verde ranks 9th of 185 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Commercial bank branches in Cape Verde, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2004 | 15.46 per 100,000 adults | — |
| 2005 | 15.69 per 100,000 adults | +1.5% |
| 2006 | 17.5 per 100,000 adults | +11.6% |
| 2007 | 20.47 per 100,000 adults | +16.9% |
| 2008 | 24.81 per 100,000 adults | +21.2% |
| 2009 | 27.18 per 100,000 adults | +9.6% |
| 2010 | 30.08 per 100,000 adults | +10.7% |
| 2011 | 29.59 per 100,000 adults | -1.7% |
| 2012 | 33.42 per 100,000 adults | +13.0% |
| 2013 | 33.63 per 100,000 adults | +0.6% |
| 2014 | 33.63 per 100,000 adults | +0.0% |
| 2015 | 33.97 per 100,000 adults | +1.0% |
| 2016 | 34.12 per 100,000 adults | +0.4% |
| 2017 | 32.41 per 100,000 adults | -5.0% |
| 2018 | 34.26 per 100,000 adults | +5.7% |
| 2019 | 34.22 per 100,000 adults | -0.1% |
| 2020 | 33.65 per 100,000 adults | -1.7% |
| 2021 | 34.94 per 100,000 adults | +3.9% |
| 2022 | 35.14 per 100,000 adults | +0.6% |
| 2023 | 34.58 per 100,000 adults | -1.6% |
| 2024 | 34.8 per 100,000 adults | +0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.18 per 100,000 adults | 15.46 per 100,000 adults | 27.18 per 100,000 adults | 6 |
| 2010s | 32.93 per 100,000 adults | 29.59 per 100,000 adults | 34.26 per 100,000 adults | 10 |
| 2020s | 34.62 per 100,000 adults | 33.65 per 100,000 adults | 35.14 per 100,000 adults | 5 |
Countries ranked near Cape Verde
- 6 Luxembourg 46.08 per 100,000 adults compare
- 7 Macau, China 44.3 per 100,000 adults compare
- 8 Montenegro 36.42 per 100,000 adults compare
- 10 Saint Kitts and Nevis 33.92 per 100,000 adults compare
- 11 Japan 33.71 per 100,000 adults compare
- 12 Tonga 32.67 per 100,000 adults compare
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 commercial bank branches in Cape Verde?
- Commercial bank branches in Cape Verde was 34.8 per 100,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest commercial bank branches recorded in Cape Verde?
- The highest recorded value was 35.14 per 100,000 adults in 2022.
- What is the lowest commercial bank branches recorded in Cape Verde?
- The lowest recorded value was 15.46 per 100,000 adults in 2004.
- How does Cape Verde rank for commercial bank branches?
- Cape Verde ranks 9th out of 185 countries with data for 2024.
- Is commercial bank branches rising or falling in Cape Verde?
- Over the last ten years it is up 3.5%. 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 Commercial bank branches (per 100,000 adults). Statizoid updates them automatically from the source API.
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About this data
Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.