Primary income balance (credit less debit), Net (credits less debits) in Cape Verde
Cape Verde: Primary income balance (credit less debit), Net (credits less debits) was -46.52 million in 2024. ▲ Rising
Primary income balance (credit less debit), Net (credits less debits) in Cape Verde, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, primary income balance (credit less debit), net (credits less debits) in Cape Verde stood at -46.52 million.
The figure is down 45.9% on the previous year and up 49.7% over ten years.
Over the whole period, primary income balance (credit less debit), net (credits less debits) in Cape Verde peaked at -27.88 million in 2022 and was at its lowest, -92.48 million, in 2014.
That places Cape Verde 60th out of 197 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Primary income balance (credit less debit), Net (credits less debits) in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -33.51 million | — |
| 2006 | -40.31 million | +20.3% |
| 2007 | -32.15 million | -20.2% |
| 2008 | -48.03 million | +49.4% |
| 2009 | -43.01 million | -10.5% |
| 2010 | -79.10 million | +83.9% |
| 2011 | -71.78 million | -9.3% |
| 2012 | -74.62 million | +4.0% |
| 2013 | -64.74 million | -13.2% |
| 2014 | -92.48 million | +42.9% |
| 2015 | -59.15 million | -36.0% |
| 2016 | -59.20 million | +0.1% |
| 2017 | -60.64 million | +2.4% |
| 2018 | -46.53 million | -23.3% |
| 2019 | -42.42 million | -8.8% |
| 2020 | -38.32 million | -9.7% |
| 2021 | -28.62 million | -25.3% |
| 2022 | -27.88 million | -2.6% |
| 2023 | -31.88 million | +14.3% |
| 2024 | -46.52 million | +45.9% |
Cape Verde compared with similar countries
- Cape Verde's -46.52 million is above the median for upper middle income countries, which is -890.41 million, 5% of the median. (54 countries reporting)
- Cape Verde's -46.52 million is above the median for Sub-Saharan Africa, which is -393.85 million, 12% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -39.40 million | -48.03 million | -32.15 million | 5 |
| 2010s | -65.07 million | -92.48 million | -42.42 million | 10 |
| 2020s | -34.64 million | -46.52 million | -27.88 million | 5 |
Countries ranked near Cape Verde
- 57 Palau -16.56 million compare
- 58 Montenegro -23.28 million compare
- 59 Turks and Caicos Islands -31.89 million compare
- 61 Sint Maarten (Dutch part) -49.04 million compare
- 62 Sierra Leone -53.80 million compare
- 63 Namibia -53.96 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 primary income balance (credit less debit), net (credits less debits) in Cape Verde?
- Primary income balance (credit less debit), net (credits less debits) in Cape Verde was -46.52 million in 2024, according to International Monetary Fund.
- What is the highest primary income balance (credit less debit), net (credits less debits) recorded in Cape Verde?
- The highest recorded value was -27.88 million in 2022.
- What is the lowest primary income balance (credit less debit), net (credits less debits) recorded in Cape Verde?
- The lowest recorded value was -92.48 million in 2014.
- How does Cape Verde rank for primary income balance (credit less debit), net (credits less debits)?
- Cape Verde ranks 60th out of 197 countries with data for 2024.
- Is primary income balance (credit less debit), net (credits less debits) rising or falling in Cape Verde?
- Over the last ten years it is up 49.7%. 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 Primary income 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.