Domestic credit to private sector in Cape Verde
Cape Verde: Domestic credit to private sector was 73.2% in 2020. ◆ Volatile
Domestic credit to private sector in Cape Verde, 1980–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Cape Verde recorded 73.2% for domestic credit to private sector in 2020. That is the highest value across all 41 years on record.
The figure is up 24.7% on the previous year and up 18.2% over ten years.
Over the whole period, domestic credit to private sector in Cape Verde peaked at 73.2% in 2020 and was at its lowest, 12.0%, in 1980.
That places Cape Verde 53rd out of 187 countries with data for 2020, 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 in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 12.0% | — |
| 1981 | 13.8% | +15.3% |
| 1982 | 12.6% | -8.7% |
| 1983 | 15.0% | +19.0% |
| 1984 | 14.9% | -0.6% |
| 1985 | 18.9% | +26.8% |
| 1986 | 18.5% | -2.3% |
| 1987 | 20.9% | +13.1% |
| 1988 | 14.6% | -30.3% |
| 1989 | 17.2% | +18.5% |
| 1990 | 20.7% | +20.3% |
| 1991 | 21.7% | +4.8% |
| 1992 | 24.1% | +10.9% |
| 1993 | 19.0% | -21.1% |
| 1994 | 22.7% | +19.5% |
| 1995 | 27.6% | +21.4% |
| 1996 | 26.9% | -2.4% |
| 1997 | 32.2% | +19.7% |
| 1998 | 32.2% | -0.2% |
| 1999 | 41.3% | +28.5% |
| 2000 | 40.1% | -2.9% |
| 2001 | 31.1% | -22.6% |
| 2002 | 34.0% | +9.3% |
| 2003 | 35.6% | +5.0% |
| 2004 | 37.8% | +6.2% |
| 2005 | 39.1% | +3.3% |
| 2006 | 44.9% | +14.7% |
| 2007 | 45.5% | +1.5% |
| 2008 | 52.3% | +14.8% |
| 2009 | 58.0% | +10.8% |
| 2010 | 61.9% | +6.8% |
| 2011 | 65.7% | +6.2% |
| 2012 | 64.3% | -2.2% |
| 2013 | 64.2% | -0.2% |
| 2014 | 63.3% | -1.4% |
| 2015 | 61.8% | -2.3% |
| 2016 | 61.3% | -0.8% |
| 2017 | 62.5% | +2.0% |
| 2018 | 60.2% | -3.8% |
| 2019 | 58.7% | -2.5% |
| 2020 | 73.2% | +24.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.8% | 12.0% | 20.9% | 10 |
| 1990s | 26.9% | 19.0% | 41.3% | 10 |
| 2000s | 41.8% | 31.1% | 58.0% | 10 |
| 2010s | 62.4% | 58.7% | 65.7% | 10 |
| 2020s | 73.2% | 73.2% | 73.2% | 1 |
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 to private sector in Cape Verde?
- Domestic credit to private sector in Cape Verde was 73.2% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Cape Verde?
- The highest recorded value was 73.2% in 2020.
- What is the lowest domestic credit to private sector recorded in Cape Verde?
- The lowest recorded value was 12.0% in 1980.
- How does Cape Verde rank for domestic credit to private sector?
- Cape Verde ranks 53rd out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Cape Verde?
- Over the last ten years it is up 18.2%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.