Goods balance (credit less debit), Percent of GDP (Balance of) in Cape Verde
Cape Verde: Goods balance (credit less debit), Percent of GDP (Balance of) was -33.89 in 2027. ▼ Falling
Goods balance (credit less debit), Percent of GDP (Balance of) in Cape Verde, 2000–2027
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), percent of gdp (balance of) in Cape Verde is -33.89, measured in 2027.
Compared with earlier readings it is down 3.0% over ten years.
Over the whole period, goods balance (credit less debit), percent of gdp (balance of) in Cape Verde peaked at -24.26 in 2001 and was at its lowest, -41.92, in 2007.
That places Cape Verde 43rd out of 45 countries with data for 2027, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Goods balance (credit less debit), Percent of GDP (Balance of) in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -27.42 | — |
| 2001 | -24.26 | -11.5% |
| 2002 | -27.32 | +12.6% |
| 2003 | -27.53 | +0.8% |
| 2004 | -30.11 | +9.4% |
| 2005 | -25.38 | -15.7% |
| 2006 | -31.7 | +24.9% |
| 2007 | -41.92 | +32.2% |
| 2008 | -38.74 | -7.6% |
| 2009 | -36.25 | -6.4% |
| 2010 | -37.31 | +2.9% |
| 2011 | -41.13 | +10.3% |
| 2012 | -33.36 | -18.9% |
| 2013 | -30.6 | -8.3% |
| 2014 | -29.61 | -3.2% |
| 2015 | -27.04 | -8.7% |
| 2016 | -28.77 | +6.4% |
| 2017 | -32.89 | +14.3% |
| 2018 | -31.14 | -5.3% |
| 2019 | -29.6 | -4.9% |
| 2020 | -36.11 | +22.0% |
| 2021 | -34.7 | -3.9% |
| 2022 | -34.82 | +0.4% |
| 2023 | -35.65 | +2.4% |
| 2024 | -31.03 | -13.0% |
| 2025 | -30.52 | -1.6% |
| 2026 | -33.88 | +11.0% |
| 2027 | -33.89 | +0.0% |
Cape Verde compared with similar countries
- Cape Verde's -33.89 is below the median for Sub-Saharan Africa, which is -2.52, 13.4× the median. (45 countries reporting)
- Cape Verde's -33.89 is below the median for upper middle income countries, which is -2.59, 13.1× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -31.06 | -41.92 | -24.26 | 10 |
| 2010s | -32.15 | -41.13 | -27.04 | 10 |
| 2020s | -33.83 | -36.11 | -30.52 | 8 |
Countries ranked near Cape Verde
- 40 Sao Tome and Principe -18.78 compare
- 41 Mauritius -23.04 compare
- 42 Lesotho -31.21 compare
- 44 Seychelles -40.17 compare
- 45 Gambia -40.55 compare
More financial sector data for Cape 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)
- Total reserves (gold at national valuation) (SDR), per capita 1,743 SDR per person (2025)
Frequently asked questions
- What is goods balance (credit less debit), percent of gdp (balance of) in Cape Verde?
- Goods balance (credit less debit), percent of gdp (balance of) in Cape Verde was -33.89 in 2027, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), percent of gdp (balance of) recorded in Cape Verde?
- The highest recorded value was -24.26 in 2001.
- What is the lowest goods balance (credit less debit), percent of gdp (balance of) recorded in Cape Verde?
- The lowest recorded value was -41.92 in 2007.
- How does Cape Verde rank for goods balance (credit less debit), percent of gdp (balance of)?
- Cape Verde ranks 43rd out of 45 countries with data for 2027.
- Is goods balance (credit less debit), percent of gdp (balance of) rising or falling in Cape Verde?
- Over the last ten years it is down 3.0%. 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 Goods balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.