Number of Depositors, Commercial Banks, of Which: Household Sector in Cape Verde
Cape Verde: Number of Depositors, Commercial Banks, of Which: Household Sector was 756,846 in 2023. ▲ Rising
Number of Depositors, Commercial Banks, of Which: Household Sector in Cape Verde, 2004–2023
Source: International Monetary Fund.
Analysis
In 2023, number of depositors, commercial banks, of which: household sector in Cape Verde stood at 756,846.
The figure is down 18.9% on the previous year and up 38.9% over ten years.
Over the whole period, number of depositors, commercial banks, of which: household sector in Cape Verde peaked at 937,664 in 2019 and was at its lowest, 125,671, in 2004.
Cape Verde ranks 56th of 72 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Number of Depositors, Commercial Banks, of Which: Household Sector in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 125,671 | — |
| 2005 | 291,624 | +132.1% |
| 2006 | 320,595 | +9.9% |
| 2007 | 357,054 | +11.4% |
| 2008 | 365,927 | +2.5% |
| 2009 | 391,017 | +6.9% |
| 2010 | 468,243 | +19.8% |
| 2011 | 503,484 | +7.5% |
| 2012 | 526,194 | +4.5% |
| 2013 | 545,027 | +3.6% |
| 2014 | 593,080 | +8.8% |
| 2015 | 645,307 | +8.8% |
| 2016 | 677,124 | +4.9% |
| 2017 | 769,775 | +13.7% |
| 2018 | 792,989 | +3.0% |
| 2019 | 937,664 | +18.2% |
| 2020 | 910,134 | -2.9% |
| 2021 | 703,870 | -22.7% |
| 2022 | 933,604 | +32.6% |
| 2023 | 756,846 | -18.9% |
Cape Verde compared with similar countries
- Cape Verde's 756,846 is below the median for upper middle income countries, which is 5.50 million, 14% of the median. (24 countries reporting)
- Cape Verde's 756,846 is below the median for Sub-Saharan Africa, which is 970,883, 78% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Number of Depositors, Commercial Banks, of Which: Household Sector 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 |
|---|---|---|---|
| 2005 | +132.1% | 125,671 | 291,624 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 308,648 | 125,671 | 391,017 | 6 |
| 2010s | 645,889 | 468,243 | 937,664 | 10 |
| 2020s | 826,114 | 703,870 | 933,604 | 4 |
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 number of depositors, commercial banks, of which: household sector in Cape Verde?
- Number of depositors, commercial banks, of which: household sector in Cape Verde was 756,846 in 2023, according to International Monetary Fund.
- What is the highest number of depositors, commercial banks, of which: household sector recorded in Cape Verde?
- The highest recorded value was 937,664 in 2019.
- What is the lowest number of depositors, commercial banks, of which: household sector recorded in Cape Verde?
- The lowest recorded value was 125,671 in 2004.
- How does Cape Verde rank for number of depositors, commercial banks, of which: household sector?
- Cape Verde ranks 56th out of 72 countries with data for 2023.
- Is number of depositors, commercial banks, of which: household sector rising or falling in Cape Verde?
- Over the last ten years it is up 38.9%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from International Monetary Fund, published as part of Number of Depositors, Commercial Banks, of Which: Household Sector Depositors. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
Gender-disaggregated data on access to and use of financial services.