Private credit by deposit money banks to GDP in Cape Verde
Cape Verde: Private credit by deposit money banks to GDP was 70.8% in 2021. ◆ Volatile
Private credit by deposit money banks to GDP in Cape Verde, 1980–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Cape Verde recorded 70.8% for private credit by deposit money banks to gdp in 2021.
That represents a change of down 2.5% on the previous year and up 8.4% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Cape Verde peaked at 72.6% in 2020 and was at its lowest, 1.7%, in 1986.
That places Cape Verde 50th out of 187 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks to GDP in Cape Verde, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 3.1% | — |
| 1981 | 3.2% | +2.6% |
| 1982 | 2.8% | -12.2% |
| 1983 | 2.7% | -4.7% |
| 1984 | 2.1% | -22.6% |
| 1985 | 2.2% | +4.8% |
| 1986 | 1.7% | -23.4% |
| 1987 | 2.2% | +33.5% |
| 1988 | 2.9% | +29.7% |
| 1989 | 3.4% | +19.5% |
| 1990 | 4.7% | +37.0% |
| 1991 | 4.4% | -5.6% |
| 1992 | 4.6% | +4.2% |
| 1993 | 13.9% | +200.5% |
| 1994 | 19.4% | +39.5% |
| 1995 | 24.8% | +27.6% |
| 1996 | 24.4% | -1.7% |
| 1997 | 29.6% | +21.5% |
| 1998 | 29.9% | +0.8% |
| 1999 | 39.3% | +31.5% |
| 2000 | 38.2% | -2.7% |
| 2001 | 38.4% | +0.5% |
| 2002 | 41.0% | +6.7% |
| 2003 | 42.1% | +2.5% |
| 2004 | 44.1% | +4.8% |
| 2005 | 45.3% | +2.7% |
| 2006 | 50.3% | +11.2% |
| 2007 | 44.6% | -11.4% |
| 2008 | 51.5% | +15.4% |
| 2009 | 57.1% | +11.0% |
| 2010 | 61.0% | +6.7% |
| 2011 | 65.3% | +7.0% |
| 2012 | 63.8% | -2.2% |
| 2013 | 63.7% | -0.3% |
| 2014 | 62.8% | -1.4% |
| 2015 | 61.4% | -2.3% |
| 2016 | 60.8% | -1.0% |
| 2017 | 62.0% | +2.0% |
| 2018 | 59.7% | -3.8% |
| 2019 | 58.2% | -2.5% |
| 2020 | 72.6% | +24.7% |
| 2021 | 70.8% | -2.5% |
Cape Verde compared with similar countries
- Cape Verde's 70.8% is above the median for upper middle income countries, which is 49.7%, 1.4× the median. (55 countries reporting)
- Cape Verde's 70.8% is above the median for Sub-Saharan Africa, which is 15.4%, 4.6× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks to GDP 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 |
|---|---|---|---|
| 1993 | +200.5% | 4.6% | 13.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.6% | 1.7% | 3.4% | 10 |
| 1990s | 19.5% | 4.4% | 39.3% | 10 |
| 2000s | 45.3% | 38.2% | 57.1% | 10 |
| 2010s | 61.9% | 58.2% | 65.3% | 10 |
| 2020s | 71.7% | 70.8% | 72.6% | 2 |
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 private credit by deposit money banks to gdp in Cape Verde?
- Private credit by deposit money banks to gdp in Cape Verde was 70.8% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Cape Verde?
- The highest recorded value was 72.6% in 2020.
- What is the lowest private credit by deposit money banks to gdp recorded in Cape Verde?
- The lowest recorded value was 1.7% in 1986.
- How does Cape Verde rank for private credit by deposit money banks to gdp?
- Cape Verde ranks 50th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Cape Verde?
- Over the last ten years it is up 8.4%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).