Current account balance (credit less debit), Percent of GDP (Balance) in Cape Verde
Cape Verde: Current account balance (credit less debit), Percent of GDP (Balance) was -1.23 in 2027. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Cape Verde, 2000–2027
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), percent of gdp (balance) in Cape Verde is -1.23, measured in 2027.
Compared with earlier readings it is down 195.3% on the previous year and up 82.2% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Cape Verde peaked at 3.94 in 2024 and was at its lowest, -15.35, in 2020.
That places Cape Verde 13th out of 45 countries with data for 2027, putting it 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), Percent of GDP (Balance) in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -8.65 | — |
| 2001 | -7.55 | -12.7% |
| 2002 | -7.98 | +5.6% |
| 2003 | -8.21 | +2.9% |
| 2004 | -10.49 | +27.9% |
| 2005 | -2.44 | -76.8% |
| 2006 | -4.12 | +68.9% |
| 2007 | -11.87 | +188.2% |
| 2008 | -12.51 | +5.4% |
| 2009 | -13.41 | +7.2% |
| 2010 | -11.33 | -15.5% |
| 2011 | -14.85 | +31.0% |
| 2012 | -11.47 | -22.8% |
| 2013 | -4.44 | -61.3% |
| 2014 | -8.27 | +86.2% |
| 2015 | -2.9 | -64.9% |
| 2016 | -3.44 | +18.6% |
| 2017 | -6.95 | +102.0% |
| 2018 | -4.77 | -31.3% |
| 2019 | 0.2008 | -104.2% |
| 2020 | -15.35 | -7743.0% |
| 2021 | -12.12 | -21.0% |
| 2022 | -3.54 | -70.8% |
| 2023 | -2.75 | -22.3% |
| 2024 | 3.94 | -243.1% |
| 2025 | 3.64 | -7.6% |
| 2026 | -0.418 | -111.5% |
| 2027 | -1.23 | +195.3% |
Cape Verde compared with similar countries
- Cape Verde's -1.23 is above the median for Sub-Saharan Africa, which is -2.9, 43% of the median. (45 countries reporting)
- Cape Verde's -1.23 is above the median for upper middle income countries, which is -1.91, 65% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) 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 | -7743.0% | 0.2008 | -15.35 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -8.72 | -13.41 | -2.44 | 10 |
| 2010s | -6.82 | -14.85 | 0.2008 | 10 |
| 2020s | -3.48 | -15.35 | 3.94 | 8 |
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), percent of gdp (balance) in Cape Verde?
- Current account balance (credit less debit), percent of gdp (balance) in Cape Verde was -1.23 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Cape Verde?
- The highest recorded value was 3.94 in 2024.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Cape Verde?
- The lowest recorded value was -15.35 in 2020.
- How does Cape Verde rank for current account balance (credit less debit), percent of gdp (balance)?
- Cape Verde ranks 13th out of 45 countries with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Cape Verde?
- Over the last ten years it is up 82.2%. 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), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.