Financial Institutions Efficiency Index in Cape Verde
Cape Verde: Financial Institutions Efficiency Index was 0.6852 in 2020. ▼ Falling
Financial Institutions Efficiency Index in Cape Verde, 1980–2020
Source: International Monetary Fund.
Analysis
Cape Verde recorded 0.6852 for financial institutions efficiency index in 2020.
The figure is up 1.2% on the previous year and up 11.0% over ten years.
Over the whole period, financial institutions efficiency index in Cape Verde peaked at 0.8303 in 1994 and was at its lowest, 0.3774, in 1986.
Cape Verde ranks 31st of 183 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 41 years of available data.
Financial Institutions Efficiency Index in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.76 | — |
| 1981 | 0.7701 | +1.3% |
| 1982 | 0.7125 | -7.5% |
| 1983 | 0.6917 | -2.9% |
| 1984 | 0.546 | -21.1% |
| 1985 | 0.5686 | +4.1% |
| 1986 | 0.3774 | -33.6% |
| 1987 | 0.5134 | +36.0% |
| 1988 | 0.6286 | +22.4% |
| 1989 | 0.7078 | +12.6% |
| 1990 | 0.8278 | +17.0% |
| 1991 | 0.8074 | -2.5% |
| 1992 | 0.821 | +1.7% |
| 1993 | 0.821 | +0.0% |
| 1994 | 0.8303 | +1.1% |
| 1995 | 0.5393 | -35.0% |
| 1996 | 0.5895 | +9.3% |
| 1997 | 0.5661 | -4.0% |
| 1998 | 0.618 | +9.2% |
| 1999 | 0.4931 | -20.2% |
| 2000 | 0.507 | +2.8% |
| 2001 | 0.5573 | +9.9% |
| 2002 | 0.5636 | +1.1% |
| 2003 | 0.5683 | +0.8% |
| 2004 | 0.5601 | -1.5% |
| 2005 | 0.5591 | -0.2% |
| 2006 | 0.5951 | +6.4% |
| 2007 | 0.63 | +5.9% |
| 2008 | 0.6301 | +0.0% |
| 2009 | 0.5818 | -7.7% |
| 2010 | 0.6174 | +6.1% |
| 2011 | 0.6058 | -1.9% |
| 2012 | 0.5872 | -3.1% |
| 2013 | 0.6017 | +2.5% |
| 2014 | 0.6015 | -0.0% |
| 2015 | 0.6115 | +1.7% |
| 2016 | 0.6198 | +1.3% |
| 2017 | 0.606 | -2.2% |
| 2018 | 0.5994 | -1.1% |
| 2019 | 0.6771 | +13.0% |
| 2020 | 0.6852 | +1.2% |
Cape Verde compared with similar countries
- Cape Verde's 0.6852 is above the median for upper middle income countries, which is 0.5976, 1.1× the median. (54 countries reporting)
- Cape Verde's 0.6852 is above the median for Sub-Saharan Africa, which is 0.5175, 1.3× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Financial Institutions Efficiency 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 |
|---|---|---|---|
| 1995 | -35.0% | 0.8303 | 0.5393 |
| 1987 | +36.0% | 0.3774 | 0.5134 |
| 1986 | -33.6% | 0.5686 | 0.3774 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.6276 | 0.3774 | 0.7701 | 10 |
| 1990s | 0.6913 | 0.4931 | 0.8303 | 10 |
| 2000s | 0.5752 | 0.507 | 0.6301 | 10 |
| 2010s | 0.6127 | 0.5872 | 0.6771 | 10 |
| 2020s | 0.6852 | 0.6852 | 0.6852 | 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 efficiency index in Cape Verde?
- Financial institutions efficiency index in Cape Verde was 0.6852 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Cape Verde?
- The highest recorded value was 0.8303 in 1994.
- What is the lowest financial institutions efficiency index recorded in Cape Verde?
- The lowest recorded value was 0.3774 in 1986.
- How does Cape Verde rank for financial institutions efficiency index?
- Cape Verde ranks 31st out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Cape Verde?
- Over the last ten years it is up 11.0%. The long-run trend across the full record is falling.
- Where does this Cape Verde data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Efficiency Index. Statizoid updates them automatically from the source API.
Download this data
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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.