Financial system deposits to GDP (%) in Cape Verde
Cape Verde: Financial system deposits to GDP (%) was 109.8% in 2021. ◆ Volatile
Financial system deposits to GDP in Cape Verde, 1980–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for financial system deposits to gdp in Cape Verde is 109.8%, measured in 2021.
The figure is down 5.6% on the previous year and up 50.8% over ten years.
Over the whole period, financial system deposits to gdp in Cape Verde peaked at 116.3% in 2020 and was at its lowest, 1.7%, in 1986.
That places Cape Verde 24th out of 185 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial system deposits to GDP (%) in Cape Verde, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 2.0% | — |
| 1981 | 2.2% | +8.5% |
| 1982 | 2.0% | -7.9% |
| 1983 | 2.4% | +16.2% |
| 1984 | 2.1% | -13.4% |
| 1985 | 2.0% | -0.8% |
| 1986 | 1.7% | -17.6% |
| 1987 | 1.8% | +7.8% |
| 1988 | 1.9% | +6.9% |
| 1989 | 2.1% | +7.1% |
| 1990 | 2.4% | +13.8% |
| 1991 | 2.5% | +5.8% |
| 1992 | 2.6% | +2.9% |
| 1993 | 40.8% | +1488.5% |
| 1994 | 53.9% | +32.1% |
| 1995 | 54.5% | +1.1% |
| 1996 | 56.7% | +4.1% |
| 1997 | 57.0% | +0.5% |
| 1998 | 51.6% | -9.4% |
| 1999 | 50.0% | -3.1% |
| 2000 | 54.4% | +8.8% |
| 2001 | 56.0% | +3.1% |
| 2002 | 62.7% | +11.9% |
| 2003 | 62.9% | +0.4% |
| 2004 | 67.9% | +7.9% |
| 2005 | 75.1% | +10.7% |
| 2006 | 79.8% | +6.2% |
| 2007 | 70.7% | -11.4% |
| 2008 | 69.1% | -2.3% |
| 2009 | 71.3% | +3.3% |
| 2010 | 74.1% | +3.9% |
| 2011 | 72.8% | -1.8% |
| 2012 | 76.8% | +5.5% |
| 2013 | 84.2% | +9.6% |
| 2014 | 90.0% | +6.8% |
| 2015 | 93.2% | +3.6% |
| 2016 | 97.0% | +4.0% |
| 2017 | 99.2% | +2.3% |
| 2018 | 94.7% | -4.5% |
| 2019 | 96.9% | +2.3% |
| 2020 | 116.3% | +20.1% |
| 2021 | 109.8% | -5.6% |
Cape Verde compared with similar countries
- Cape Verde's 109.8% is above the median for upper middle income countries, which is 56.7%, 1.9× the median. (55 countries reporting)
- Cape Verde's 109.8% is above the median for Sub-Saharan Africa, which is 23.8%, 4.6× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Financial system deposits to GDP (%) 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 |
|---|---|---|---|
| 1993 | +1488.5% | 2.6% | 40.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.0% | 1.7% | 2.4% | 10 |
| 1990s | 37.2% | 2.4% | 57.0% | 10 |
| 2000s | 67.0% | 54.4% | 79.8% | 10 |
| 2010s | 87.9% | 72.8% | 99.2% | 10 |
| 2020s | 113.1% | 109.8% | 116.3% | 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 financial system deposits to gdp in Cape Verde?
- Financial system deposits to gdp in Cape Verde was 109.8% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Cape Verde?
- The highest recorded value was 116.3% in 2020.
- What is the lowest financial system deposits to gdp recorded in Cape Verde?
- The lowest recorded value was 1.7% in 1986.
- How does Cape Verde rank for financial system deposits to gdp?
- Cape Verde ranks 24th out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Cape Verde?
- Over the last ten years it is up 50.8%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).