Financial Development Index in Cape Verde
Cape Verde: Financial Development Index was 0.2574 in 2020. ▲ Rising
Financial Development Index in Cape Verde, 1980–2020
Source: International Monetary Fund.
Analysis
Cape Verde recorded 0.2574 for financial development index in 2020. That is the highest value across all 41 years on record.
That represents a change of up 1.0% on the previous year and up 8.1% over ten years.
Over the whole period, financial development index in Cape Verde peaked at 0.2574 in 2020 and was at its lowest, 0.0751, in 1986.
Cape Verde ranks 92nd of 183 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Development Index in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1477 | — |
| 1981 | 0.1503 | +1.7% |
| 1982 | 0.1367 | -9.0% |
| 1983 | 0.1319 | -3.5% |
| 1984 | 0.1035 | -21.5% |
| 1985 | 0.108 | +4.4% |
| 1986 | 0.0751 | -30.5% |
| 1987 | 0.1014 | +35.0% |
| 1988 | 0.1266 | +24.9% |
| 1989 | 0.1456 | +15.0% |
| 1990 | 0.1809 | +24.2% |
| 1991 | 0.1741 | -3.7% |
| 1992 | 0.1788 | +2.7% |
| 1993 | 0.1843 | +3.0% |
| 1994 | 0.1877 | +1.9% |
| 1995 | 0.1414 | -24.6% |
| 1996 | 0.1462 | +3.4% |
| 1997 | 0.1438 | -1.7% |
| 1998 | 0.1523 | +5.9% |
| 1999 | 0.1388 | -8.9% |
| 2000 | 0.142 | +2.3% |
| 2001 | 0.152 | +7.1% |
| 2002 | 0.1532 | +0.7% |
| 2003 | 0.1507 | -1.6% |
| 2004 | 0.1521 | +0.9% |
| 2005 | 0.1558 | +2.5% |
| 2006 | 0.1731 | +11.1% |
| 2007 | 0.194 | +12.1% |
| 2008 | 0.2148 | +10.7% |
| 2009 | 0.22 | +2.4% |
| 2010 | 0.2381 | +8.2% |
| 2011 | 0.2382 | +0.0% |
| 2012 | 0.2458 | +3.2% |
| 2013 | 0.2464 | +0.2% |
| 2014 | 0.2459 | -0.2% |
| 2015 | 0.2467 | +0.3% |
| 2016 | 0.2465 | -0.1% |
| 2017 | 0.2407 | -2.4% |
| 2018 | 0.2439 | +1.3% |
| 2019 | 0.2548 | +4.5% |
| 2020 | 0.2574 | +1.0% |
Cape Verde compared with similar countries
- Cape Verde's 0.2574 is above the median for upper middle income countries, which is 0.2539, 1.0× the median. (54 countries reporting)
- Cape Verde's 0.2574 is above the median for Sub-Saharan Africa, which is 0.1219, 2.1× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Financial Development Index 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 |
|---|---|---|---|
| 1987 | +35.0% | 0.0751 | 0.1014 |
| 1986 | -30.5% | 0.108 | 0.0751 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1227 | 0.0751 | 0.1503 | 10 |
| 1990s | 0.1628 | 0.1388 | 0.1877 | 10 |
| 2000s | 0.1708 | 0.142 | 0.22 | 10 |
| 2010s | 0.2447 | 0.2381 | 0.2548 | 10 |
| 2020s | 0.2574 | 0.2574 | 0.2574 | 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 financial development index in Cape Verde?
- Financial development index in Cape Verde was 0.2574 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Cape Verde?
- The highest recorded value was 0.2574 in 2020.
- What is the lowest financial development index recorded in Cape Verde?
- The lowest recorded value was 0.0751 in 1986.
- How does Cape Verde rank for financial development index?
- Cape Verde ranks 92nd out of 183 countries with data for 2020.
- Is financial development index rising or falling in Cape Verde?
- Over the last ten years it is up 8.1%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.