Financial Development Index in Cabo Verde
Cabo Verde: Financial Development Index was 0.2574 in 2020. ▲ Rising
Financial Development Index in Cabo Verde, 1980–2020
Source: International Monetary Fund.
Analysis
Cabo 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 Cabo Verde peaked at 0.2574 in 2020 and was at its lowest, 0.0751, in 1986.
Cabo 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.
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 Cabo Verde
- 89 Venezuela, República Bolivariana de 0.2643 compare
- 90 Sri Lanka 0.2634 compare
- 91 Bosnia and Herzegovina 0.2576 compare
- 93 Armenia, Republic of 0.2561 compare
- 94 North Macedonia, Republic of 0.2517 compare
- 95 Serbia, Republic of 0.2512 compare
More financial sector data for Cabo Verde
- Net domestic credit (current LCU), per capita 370,513 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 63.92 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 1.41 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 915.16 million SDR (2025)
- Reserves excluding gold 919.24 million SDR (2025)
- Total reserves (gold at market value) 919.24 million SDR (2025)
- Total reserves (gold at national valuation) 919.24 million SDR (2025)
- Domestic credit to private sector by banks 53.4% (2025)
Frequently asked questions
- What is financial development index in Cabo Verde?
- Financial development index in Cabo Verde was 0.2574 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Cabo Verde?
- The highest recorded value was 0.2574 in 2020.
- What is the lowest financial development index recorded in Cabo Verde?
- The lowest recorded value was 0.0751 in 1986.
- How does Cabo Verde rank for financial development index?
- Cabo Verde ranks 92nd out of 183 countries with data for 2020.
- Is financial development index rising or falling in Cabo Verde?
- Over the last ten years it is up 8.1%. The long-run trend across the full record is rising.
- Where does this Cabo 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.