Financial Institutions Access Index in Cape Verde
Cape Verde: Financial Institutions Access Index was 0.5705 in 2020. ◆ Volatile
Financial Institutions Access Index in Cape Verde, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions access index in Cape Verde is 0.5705, measured in 2020.
Compared with earlier readings it is down 3.6% on the previous year and up 5.8% over ten years.
Over the whole period, financial institutions access index in Cape Verde peaked at 0.5919 in 2019 and was at its lowest, 0.0985, in 1986.
That places Cape Verde 37th out of 183 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial Institutions Access Index in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1847 | — |
| 1981 | 0.1895 | +2.6% |
| 1982 | 0.1663 | -12.2% |
| 1983 | 0.1584 | -4.7% |
| 1984 | 0.1227 | -22.6% |
| 1985 | 0.1286 | +4.8% |
| 1986 | 0.0985 | -23.4% |
| 1987 | 0.131 | +33.0% |
| 1988 | 0.1699 | +29.7% |
| 1989 | 0.203 | +19.5% |
| 1990 | 0.2782 | +37.0% |
| 1991 | 0.2624 | -5.7% |
| 1992 | 0.2736 | +4.3% |
| 1993 | 0.2736 | +0.0% |
| 1994 | 0.2815 | +2.9% |
| 1995 | 0.2249 | -20.1% |
| 1996 | 0.22 | -2.2% |
| 1997 | 0.2192 | -0.4% |
| 1998 | 0.221 | +0.9% |
| 1999 | 0.2196 | -0.7% |
| 2000 | 0.2218 | +1.0% |
| 2001 | 0.2503 | +12.9% |
| 2002 | 0.2391 | -4.5% |
| 2003 | 0.2302 | -3.7% |
| 2004 | 0.2444 | +6.2% |
| 2005 | 0.255 | +4.4% |
| 2006 | 0.2978 | +16.8% |
| 2007 | 0.3654 | +22.7% |
| 2008 | 0.4454 | +21.9% |
| 2009 | 0.4856 | +9.0% |
| 2010 | 0.5393 | +11.1% |
| 2011 | 0.5399 | +0.1% |
| 2012 | 0.5914 | +9.5% |
| 2013 | 0.5881 | -0.6% |
| 2014 | 0.5908 | +0.5% |
| 2015 | 0.5843 | -1.1% |
| 2016 | 0.5797 | -0.8% |
| 2017 | 0.5612 | -3.2% |
| 2018 | 0.5857 | +4.4% |
| 2019 | 0.5919 | +1.1% |
| 2020 | 0.5705 | -3.6% |
Cape Verde compared with similar countries
- Cape Verde's 0.5705 is above the median for upper middle income countries, which is 0.3583, 1.6× the median. (54 countries reporting)
- Cape Verde's 0.5705 is above the median for Sub-Saharan Africa, which is 0.0774, 7.4× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1552 | 0.0985 | 0.203 | 10 |
| 1990s | 0.2474 | 0.2192 | 0.2815 | 10 |
| 2000s | 0.3035 | 0.2218 | 0.4856 | 10 |
| 2010s | 0.5752 | 0.5393 | 0.5919 | 10 |
| 2020s | 0.5705 | 0.5705 | 0.5705 | 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 institutions access index in Cape Verde?
- Financial institutions access index in Cape Verde was 0.5705 in 2020, according to International Monetary Fund.
- What is the highest financial institutions access index recorded in Cape Verde?
- The highest recorded value was 0.5919 in 2019.
- What is the lowest financial institutions access index recorded in Cape Verde?
- The lowest recorded value was 0.0985 in 1986.
- How does Cape Verde rank for financial institutions access index?
- Cape Verde ranks 37th out of 183 countries with data for 2020.
- Is financial institutions access index rising or falling in Cape Verde?
- Over the last ten years it is up 5.8%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Access Index. Statizoid updates them automatically from the source API.
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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.