Monetary Sector credit to private sector (% GDP) in Cape Verde
Cape Verde: Monetary Sector credit to private sector (% GDP) was 54.0% in 2025. ▲ Rising
Monetary Sector credit to private sector in Cape Verde, 1980–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Cape Verde recorded 54.0% for monetary sector credit to private sector in 2025.
The figure is down 1.0% on the previous year and down 4.2% over ten years.
Over the whole period, monetary sector credit to private sector in Cape Verde peaked at 68.5% in 2020 and was at its lowest, 12.0%, in 1980.
Cape Verde ranks 65th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Monetary Sector credit to private sector (% GDP) in Cape Verde, year by year
| Year | % GDP | Change |
|---|---|---|
| 1980 | 12.0% | — |
| 1981 | 13.8% | +15.3% |
| 1982 | 12.6% | -8.7% |
| 1983 | 15.0% | +19.0% |
| 1984 | 14.9% | -0.6% |
| 1985 | 18.9% | +26.8% |
| 1986 | 18.5% | -2.3% |
| 1987 | 20.9% | +13.1% |
| 1988 | 14.6% | -30.3% |
| 1989 | 17.2% | +18.5% |
| 1990 | 20.7% | +20.3% |
| 1991 | 21.7% | +4.8% |
| 1992 | 24.1% | +10.9% |
| 1993 | 19.0% | -21.1% |
| 1994 | 22.7% | +19.5% |
| 1995 | 27.6% | +21.4% |
| 1996 | 26.9% | -2.4% |
| 1997 | 32.2% | +19.7% |
| 1998 | 32.2% | -0.2% |
| 1999 | 41.3% | +28.5% |
| 2000 | 40.1% | -2.9% |
| 2001 | 31.1% | -22.6% |
| 2002 | 34.0% | +9.3% |
| 2003 | 35.6% | +5.0% |
| 2004 | 37.8% | +6.2% |
| 2005 | 39.1% | +3.3% |
| 2006 | 44.9% | +14.7% |
| 2007 | 41.8% | -6.9% |
| 2008 | 47.7% | +14.2% |
| 2009 | 53.1% | +11.3% |
| 2010 | 56.5% | +6.3% |
| 2011 | 59.9% | +6.1% |
| 2012 | 58.6% | -2.3% |
| 2013 | 58.5% | -0.0% |
| 2014 | 57.7% | -1.5% |
| 2015 | 56.4% | -2.2% |
| 2016 | 55.1% | -2.3% |
| 2017 | 55.4% | +0.6% |
| 2018 | 53.7% | -3.2% |
| 2019 | 51.6% | -3.8% |
| 2020 | 68.5% | +32.6% |
| 2021 | 67.6% | -1.3% |
| 2022 | 57.9% | -14.3% |
| 2023 | 56.3% | -2.7% |
| 2024 | 54.6% | -3.0% |
| 2025 | 54.0% | -1.0% |
Cape Verde compared with similar countries
- Cape Verde's 54.0% is above the median for upper middle income countries, which is 39.9%, 1.4× the median. (55 countries reporting)
- Cape Verde's 54.0% is above the median for Sub-Saharan Africa, which is 15.9%, 3.4× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.8% | 12.0% | 20.9% | 10 |
| 1990s | 26.9% | 19.0% | 41.3% | 10 |
| 2000s | 40.5% | 31.1% | 53.1% | 10 |
| 2010s | 56.3% | 51.6% | 59.9% | 10 |
| 2020s | 59.8% | 54.0% | 68.5% | 6 |
Countries ranked near Cape Verde
- 63 El Salvador 55.0% compare
- 64 Russia 54.6% compare
- 66 Morocco 53.6% compare
- 67 North Macedonia 53.4% compare
- 68 Eritrea 53.2% 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 monetary sector credit to private sector in Cape Verde?
- Monetary sector credit to private sector in Cape Verde was 54.0% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Cape Verde?
- The highest recorded value was 68.5% in 2020.
- What is the lowest monetary sector credit to private sector recorded in Cape Verde?
- The lowest recorded value was 12.0% in 1980.
- How does Cape Verde rank for monetary sector credit to private sector?
- Cape Verde ranks 65th out of 187 countries with data for 2025.
- Is monetary sector credit to private sector rising or falling in Cape Verde?
- Over the last ten years it is down 4.2%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.