Domestic credit provided by financial sector in Cape Verde
Cape Verde: Domestic credit provided by financial sector was 70.0% in 2024. ▬ Flat
Domestic credit provided by financial sector in Cape Verde, 2012–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit provided by financial sector in Cape Verde is 70.0%, measured in 2024.
The figure is down 6.8% on the previous year and down 10.5% over ten years.
Over the whole period, domestic credit provided by financial sector in Cape Verde peaked at 91.0% in 2020 and was at its lowest, 68.7%, in 2019.
Cape Verde ranks 29th of 65 countries on this measure, in the middle of the range.
Domestic credit provided by financial sector in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2012 | 76.5% | — |
| 2013 | 77.4% | +1.3% |
| 2014 | 78.2% | +1.0% |
| 2015 | 77.7% | -0.7% |
| 2016 | 75.8% | -2.5% |
| 2017 | 77.3% | +1.9% |
| 2018 | 75.7% | -2.1% |
| 2019 | 68.7% | -9.2% |
| 2020 | 91.0% | +32.6% |
| 2021 | 88.5% | -2.8% |
| 2022 | 78.1% | -11.7% |
| 2023 | 75.1% | -3.9% |
| 2024 | 70.0% | -6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 75.9% | 68.7% | 78.2% | 8 |
| 2020s | 80.5% | 70.0% | 91.0% | 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 domestic credit provided by financial sector in Cape Verde?
- Domestic credit provided by financial sector in Cape Verde was 70.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Cape Verde?
- The highest recorded value was 91.0% in 2020.
- What is the lowest domestic credit provided by financial sector recorded in Cape Verde?
- The lowest recorded value was 68.7% in 2019.
- How does Cape Verde rank for domestic credit provided by financial sector?
- Cape Verde ranks 29th out of 65 countries with data for 2024.
- Is domestic credit provided by financial sector rising or falling in Cape Verde?
- Over the last ten years it is down 10.5%. The long-run trend across the full record is flat.
- Where does this Cape Verde data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.