External loans and deposits of reporting banks vis-à-vis the in Cape Verde
Cape Verde: External loans and deposits of reporting banks vis-à-vis the was 3.6% in 2021. ▼ Falling
External loans and deposits of reporting banks vis-à-vis the in Cape Verde, 1995–2021
Source: Bank for International Settlements (BIS). Measured in % of domestic bank deposits.
Analysis
In 2021, external loans and deposits of reporting banks vis-à-vis the in Cape Verde stood at 3.6%.
Compared with earlier readings it is down 18.7% on the previous year and down 43.8% over ten years.
Over the whole period, external loans and deposits of reporting banks vis-à-vis the in Cape Verde peaked at 16.8% in 2001 and was at its lowest, 1.5%, in 1995.
That places Cape Verde 143rd out of 180 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 27 years of available data.
External loans and deposits of reporting banks vis-à-vis the in Cape Verde, year by year
| Year | % of domestic bank deposits | Change |
|---|---|---|
| 1995 | 1.5% | — |
| 1996 | 4.9% | +226.4% |
| 1997 | 4.7% | -5.5% |
| 1998 | 5.2% | +11.8% |
| 1999 | 3.0% | -41.6% |
| 2000 | 5.8% | +90.8% |
| 2001 | 16.8% | +189.7% |
| 2002 | 7.2% | -57.2% |
| 2003 | 6.1% | -15.8% |
| 2004 | 6.2% | +2.6% |
| 2005 | 8.5% | +36.6% |
| 2006 | 9.4% | +10.6% |
| 2007 | 10.1% | +7.5% |
| 2008 | 7.2% | -28.7% |
| 2009 | 7.3% | +1.2% |
| 2010 | 4.9% | -32.1% |
| 2011 | 6.4% | +29.5% |
| 2012 | 6.0% | -6.3% |
| 2013 | 6.0% | +0.1% |
| 2014 | 6.4% | +6.6% |
| 2015 | 8.4% | +31.5% |
| 2016 | 6.1% | -28.0% |
| 2017 | 7.0% | +15.9% |
| 2018 | 4.8% | -31.2% |
| 2019 | 4.7% | -3.2% |
| 2020 | 4.4% | -5.4% |
| 2021 | 3.6% | -18.7% |
Cape Verde compared with similar countries
- Cape Verde's 3.6% is below the median for upper middle income countries, which is 7.3%, 50% of the median. (54 countries reporting)
- Cape Verde's 3.6% is below the median for Sub-Saharan Africa, which is 12.9%, 28% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where External loans and deposits of reporting banks vis-à-vis the 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 |
|---|---|---|---|
| 1996 | +226.4% | 1.5% | 4.9% |
| 2001 | +189.7% | 5.8% | 16.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.9% | 1.5% | 5.2% | 5 |
| 2000s | 8.5% | 5.8% | 16.8% | 10 |
| 2010s | 6.1% | 4.7% | 8.4% | 10 |
| 2020s | 4.0% | 3.6% | 4.4% | 2 |
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 external loans and deposits of reporting banks vis-à-vis the in Cape Verde?
- External loans and deposits of reporting banks vis-à-vis the in Cape Verde was 3.6% in 2021, according to Bank for International Settlements (BIS).
- What is the highest external loans and deposits of reporting banks vis-à-vis the recorded in Cape Verde?
- The highest recorded value was 16.8% in 2001.
- What is the lowest external loans and deposits of reporting banks vis-à-vis the recorded in Cape Verde?
- The lowest recorded value was 1.5% in 1995.
- How does Cape Verde rank for external loans and deposits of reporting banks vis-à-vis the?
- Cape Verde ranks 143rd out of 180 countries with data for 2021.
- Is external loans and deposits of reporting banks vis-à-vis the rising or falling in Cape Verde?
- Over the last ten years it is down 43.8%. The long-run trend across the full record is falling.
- Where does this Cape Verde data come from?
- The figures come from Bank for International Settlements (BIS), published as part of External loans and deposits of reporting banks vis-à-vis the nonbanking sectors (% of domestic bank deposits). Statizoid updates them automatically from the source API.
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About this data
Data is from BIS Statistical Appendix Table 7B: External loans and deposits of reporting banks vis-à-vis nonbanking sectors; bank deposits from IFS (IFS lines 24 and 25). End of year data (i.e. December data) are used.