Current account balance (credit less debit), Net (credits less debits) in Cape Verde
Cape Verde: Current account balance (credit less debit), Net (credits less debits) 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 debits) 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% |
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
- 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 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.