Depositors with commercial banks in Cape Verde
Cape Verde: Depositors with commercial banks was 1,884 per 1,000 adults in 2024. ▲ Rising
Depositors with commercial banks in Cape Verde, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
Cape Verde recorded 1,884 per 1,000 adults for depositors with commercial banks in 2024.
That represents a change of down 0.4% on the previous year and up 6.8% over ten years.
Over the whole period, depositors with commercial banks in Cape Verde peaked at 2,338 per 1,000 adults in 2019 and was at its lowest, 865.91 per 1,000 adults, in 2004.
That places Cape Verde 11th out of 104 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Depositors with commercial banks in Cape Verde, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 865.91 per 1,000 adults | — |
| 2005 | 1,041 per 1,000 adults | +20.2% |
| 2006 | 1,116 per 1,000 adults | +7.2% |
| 2007 | 1,210 per 1,000 adults | +8.5% |
| 2008 | 1,338 per 1,000 adults | +10.6% |
| 2009 | 1,186 per 1,000 adults | -11.4% |
| 2010 | 1,406 per 1,000 adults | +18.5% |
| 2011 | 1,509 per 1,000 adults | +7.4% |
| 2012 | 1,608 per 1,000 adults | +6.6% |
| 2013 | 1,682 per 1,000 adults | +4.6% |
| 2014 | 1,764 per 1,000 adults | +4.9% |
| 2015 | 1,870 per 1,000 adults | +6.1% |
| 2016 | 1,886 per 1,000 adults | +0.8% |
| 2017 | 2,130 per 1,000 adults | +12.9% |
| 2018 | 2,235 per 1,000 adults | +4.9% |
| 2019 | 2,338 per 1,000 adults | +4.6% |
| 2020 | 2,178 per 1,000 adults | -6.9% |
| 2021 | 2,150 per 1,000 adults | -1.3% |
| 2022 | 2,017 per 1,000 adults | -6.2% |
| 2023 | 1,891 per 1,000 adults | -6.3% |
| 2024 | 1,884 per 1,000 adults | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,126 per 1,000 adults | 865.91 per 1,000 adults | 1,338 per 1,000 adults | 6 |
| 2010s | 1,843 per 1,000 adults | 1,406 per 1,000 adults | 2,338 per 1,000 adults | 10 |
| 2020s | 2,024 per 1,000 adults | 1,884 per 1,000 adults | 2,178 per 1,000 adults | 5 |
Countries ranked near Cape Verde
- 8 Maldives 1,936 per 1,000 adults compare
- 9 Nigeria 1,914 per 1,000 adults compare
- 10 Venezuela, Bolivarian Republic of 1,889 per 1,000 adults compare
- 12 Saudi Arabia 1,834 per 1,000 adults compare
- 13 Tajikistan 1,827 per 1,000 adults compare
- 14 Republic of Moldova 1,817 per 1,000 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 depositors with commercial banks in Cape Verde?
- Depositors with commercial banks in Cape Verde was 1,884 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest depositors with commercial banks recorded in Cape Verde?
- The highest recorded value was 2,338 per 1,000 adults in 2019.
- What is the lowest depositors with commercial banks recorded in Cape Verde?
- The lowest recorded value was 865.91 per 1,000 adults in 2004.
- How does Cape Verde rank for depositors with commercial banks?
- Cape Verde ranks 11th out of 104 countries with data for 2024.
- Is depositors with commercial banks rising or falling in Cape Verde?
- Over the last ten years it is up 6.8%. 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 Depositors with commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Depositors with commercial banks are the reported number of deposit account holders, including both resident non-financial corporations (both public and private) and individuals from the household sector, at commercial banks within the reporting jurisdiction for every 1,000 adults. The major types of deposits are checking accounts, savings accounts, and time deposits.