Current account balance (credit less debit), Net (credits less) in Cape Verde
Cape Verde: Current account balance (credit less debit), Net (credits less) was 106.59 million in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Cape Verde, 2005–2024
Source: International Monetary Fund.
Analysis
Cape Verde recorded 106.59 million for current account balance (credit less debit), net (credits less debits) in 2024. That is the highest value across all 20 years on record.
That represents a change of up 253.7% on the previous year and up 163.1% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Cape Verde peaked at 106.59 million in 2024 and was at its lowest, -304.54 million, in 2011.
Cape Verde ranks 73rd of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -40.66 million | — |
| 2006 | -82.73 million | +103.5% |
| 2007 | -198.16 million | +139.5% |
| 2008 | -205.26 million | +3.6% |
| 2009 | -244.93 million | +19.3% |
| 2010 | -222.77 million | -9.0% |
| 2011 | -304.54 million | +36.7% |
| 2012 | -243.56 million | -20.0% |
| 2013 | -107.36 million | -55.9% |
| 2014 | -168.96 million | +57.4% |
| 2015 | -50.59 million | -70.1% |
| 2016 | -64.14 million | +26.8% |
| 2017 | -139.63 million | +117.7% |
| 2018 | -97.06 million | -30.5% |
| 2019 | -21.82 million | -77.5% |
| 2020 | -285.68 million | +1209.5% |
| 2021 | -250.63 million | -12.3% |
| 2022 | -78.27 million | -68.8% |
| 2023 | -69.36 million | -11.4% |
| 2024 | 106.59 million | -253.7% |
Cape Verde compared with similar countries
- Cape Verde's 106.59 million is above the median for upper middle income countries, which is -494.28 million. (54 countries reporting)
- Cape Verde's 106.59 million is above the median for Sub-Saharan Africa, which is -606.36 million. (43 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) 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 |
|---|---|---|---|
| 2020 | -1209.5% | -21.82 million | -285.68 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -154.35 million | -244.93 million | -40.66 million | 5 |
| 2010s | -142.04 million | -304.54 million | -21.82 million | 10 |
| 2020s | -115.47 million | -285.68 million | 106.59 million | 5 |
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 current account balance (credit less debit), net (credits less debits) in Cape Verde?
- Current account balance (credit less debit), net (credits less debits) in Cape Verde was 106.59 million in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Cape Verde?
- The highest recorded value was 106.59 million in 2024.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Cape Verde?
- The lowest recorded value was -304.54 million in 2011.
- How does Cape Verde rank for current account balance (credit less debit), net (credits less debits)?
- Cape Verde ranks 73rd out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Cape Verde?
- Over the last ten years it is up 163.1%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.