Domestic credit to private sector by banks in Cape Verde
Cape Verde: Domestic credit to private sector by banks was 53.4% in 2025. ◆ Volatile
Domestic credit to private sector by banks in Cape Verde, 1980–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Cape Verde recorded 53.4% for domestic credit to private sector by banks in 2025.
That represents a change of down 1.0% on the previous year and down 4.6% over ten years.
Over the whole period, domestic credit to private sector by banks in Cape Verde peaked at 67.9% in 2020 and was at its lowest, 1.7%, in 1986.
That places Cape Verde 67th out of 187 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 3.1% | — |
| 1981 | 3.2% | +2.6% |
| 1982 | 2.8% | -12.2% |
| 1983 | 2.7% | -4.7% |
| 1984 | 2.1% | -22.6% |
| 1985 | 2.2% | +4.8% |
| 1986 | 1.7% | -23.4% |
| 1987 | 2.2% | +33.5% |
| 1988 | 2.9% | +29.7% |
| 1989 | 3.4% | +19.5% |
| 1990 | 4.7% | +37.0% |
| 1991 | 4.4% | -5.6% |
| 1992 | 4.6% | +4.2% |
| 1993 | 13.9% | +200.5% |
| 1994 | 19.4% | +39.5% |
| 1995 | 24.8% | +27.6% |
| 1996 | 24.4% | -1.7% |
| 1997 | 29.6% | +21.5% |
| 1998 | 29.9% | +0.8% |
| 1999 | 39.3% | +31.5% |
| 2000 | 38.2% | -2.7% |
| 2001 | 29.2% | -23.5% |
| 2002 | 32.3% | +10.3% |
| 2003 | 34.1% | +5.6% |
| 2004 | 36.3% | +6.7% |
| 2005 | 37.7% | +3.7% |
| 2006 | 43.6% | +15.7% |
| 2007 | 40.9% | -6.2% |
| 2008 | 47.0% | +14.8% |
| 2009 | 52.4% | +11.5% |
| 2010 | 55.6% | +6.2% |
| 2011 | 59.5% | +7.0% |
| 2012 | 58.1% | -2.3% |
| 2013 | 58.1% | -0.1% |
| 2014 | 57.2% | -1.5% |
| 2015 | 56.0% | -2.1% |
| 2016 | 54.6% | -2.5% |
| 2017 | 54.9% | +0.6% |
| 2018 | 53.2% | -3.2% |
| 2019 | 51.2% | -3.8% |
| 2020 | 67.9% | +32.6% |
| 2021 | 66.8% | -1.6% |
| 2022 | 57.2% | -14.3% |
| 2023 | 55.6% | -2.8% |
| 2024 | 54.0% | -2.9% |
| 2025 | 53.4% | -1.0% |
Cape Verde compared with similar countries
- Cape Verde's 53.4% is above the median for upper middle income countries, which is 39.8%, 1.3× the median. (55 countries reporting)
- Cape Verde's 53.4% is above the median for Sub-Saharan Africa, which is 15.6%, 3.4× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks 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 |
|---|---|---|---|
| 1993 | +200.5% | 4.6% | 13.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.6% | 1.7% | 3.4% | 10 |
| 1990s | 19.5% | 4.4% | 39.3% | 10 |
| 2000s | 39.2% | 29.2% | 52.4% | 10 |
| 2010s | 55.8% | 51.2% | 59.5% | 10 |
| 2020s | 59.2% | 53.4% | 67.9% | 6 |
Countries ranked near Cape Verde
- 64 El Salvador 55.0% compare
- 65 Russian Federation 54.6% compare
- 66 Morocco 53.5% compare
- 68 North Macedonia 53.3% compare
- 69 Philippines 52.1% compare
- 70 Bolivia, Plurinational State of 51.8% compare
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 to private sector by banks in Cape Verde?
- Domestic credit to private sector by banks in Cape Verde was 53.4% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Cape Verde?
- The highest recorded value was 67.9% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in Cape Verde?
- The lowest recorded value was 1.7% in 1986.
- How does Cape Verde rank for domestic credit to private sector by banks?
- Cape Verde ranks 67th out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Cape Verde?
- Over the last ten years it is down 4.6%. The long-run trend across the full record is volatile.
- 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 to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.