Goods balance (credit less debit), Net (credits less debits) (US) in Cape Verde
Cape Verde: Goods balance (credit less debit), Net (credits less debits) (US) was -845.58 million in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Cape Verde, 2005–2024
Source: International Monetary Fund.
Analysis
Cape Verde recorded -845.58 million for goods balance (credit less debit), net (credits less debits) in 2024.
That represents a change of up 5.3% on the previous year and down 40.5% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Cape Verde peaked at -350.12 million in 2005 and was at its lowest, -893.15 million, in 2023.
That places Cape Verde 102nd out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) (US) in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -350.12 million | — |
| 2006 | -458.80 million | +31.0% |
| 2007 | -661.84 million | +44.3% |
| 2008 | -713.01 million | +7.7% |
| 2009 | -670.57 million | -6.0% |
| 2010 | -682.92 million | +1.8% |
| 2011 | -843.62 million | +23.5% |
| 2012 | -650.38 million | -22.9% |
| 2013 | -616.30 million | -5.2% |
| 2014 | -601.73 million | -2.4% |
| 2015 | -470.62 million | -21.8% |
| 2016 | -532.00 million | +13.0% |
| 2017 | -659.81 million | +24.0% |
| 2018 | -683.33 million | +3.6% |
| 2019 | -665.53 million | -2.6% |
| 2020 | -660.44 million | -0.8% |
| 2021 | -710.76 million | +7.6% |
| 2022 | -779.04 million | +9.6% |
| 2023 | -893.15 million | +14.6% |
| 2024 | -845.58 million | -5.3% |
Cape Verde compared with similar countries
- Cape Verde's -845.58 million is below the median for upper middle income countries, which is -778.45 million, 1.1× the median. (54 countries reporting)
- Cape Verde's -845.58 million is below the median for Sub-Saharan Africa, which is -577.00 million, 1.5× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -570.87 million | -713.01 million | -350.12 million | 5 |
| 2010s | -640.62 million | -843.62 million | -470.62 million | 10 |
| 2020s | -777.79 million | -893.15 million | -660.44 million | 5 |
Countries ranked near Cape Verde
- 99 Togo -743.89 million compare
- 100 Seychelles -799.87 million compare
- 101 Barbados -820.85 million compare
- 103 Belize -879.52 million compare
- 104 Sint Maarten (Dutch part) -927.19 million compare
- 105 New Caledonia -931.90 million compare
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 goods balance (credit less debit), net (credits less debits) in Cape Verde?
- Goods balance (credit less debit), net (credits less debits) in Cape Verde was -845.58 million in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Cape Verde?
- The highest recorded value was -350.12 million in 2005.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Cape Verde?
- The lowest recorded value was -893.15 million in 2023.
- How does Cape Verde rank for goods balance (credit less debit), net (credits less debits)?
- Cape Verde ranks 102nd out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Cape Verde?
- Over the last ten years it is down 40.5%. 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 Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.