Secondary income balance (credit less debit), Net (credits less) in Cape Verde
Cape Verde: Secondary income balance (credit less debit), Net (credits less) was 466.43 million in 2024. ▲ Rising
Secondary income balance (credit less debit), Net (credits less) in Cape Verde, 2005–2024
Source: International Monetary Fund.
Analysis
Cape Verde recorded 466.43 million for secondary income balance (credit less debit), net (credits less) in 2024. That is the highest value across all 20 years on record.
The figure is up 10.7% on the previous year and up 76.3% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Cape Verde peaked at 466.43 million in 2024 and was at its lowest, 254.20 million, in 2015.
Cape Verde ranks 88th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 280.90 million | — |
| 2006 | 289.01 million | +2.9% |
| 2007 | 301.14 million | +4.2% |
| 2008 | 314.97 million | +4.6% |
| 2009 | 309.06 million | -1.9% |
| 2010 | 340.21 million | +10.1% |
| 2011 | 359.04 million | +5.5% |
| 2012 | 258.00 million | -28.1% |
| 2013 | 274.69 million | +6.5% |
| 2014 | 264.57 million | -3.7% |
| 2015 | 254.20 million | -3.9% |
| 2016 | 280.12 million | +10.2% |
| 2017 | 305.10 million | +8.9% |
| 2018 | 315.83 million | +3.5% |
| 2019 | 301.91 million | -4.4% |
| 2020 | 337.03 million | +11.6% |
| 2021 | 430.10 million | +27.6% |
| 2022 | 407.48 million | -5.3% |
| 2023 | 421.35 million | +3.4% |
| 2024 | 466.43 million | +10.7% |
Cape Verde compared with similar countries
- Cape Verde's 466.43 million is below the median for upper middle income countries, which is 975.41 million, 48% of the median. (54 countries reporting)
- Cape Verde's 466.43 million is below the median for Sub-Saharan Africa, which is 679.29 million, 69% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 299.02 million | 280.90 million | 314.97 million | 5 |
| 2010s | 295.37 million | 254.20 million | 359.04 million | 10 |
| 2020s | 412.48 million | 337.03 million | 466.43 million | 5 |
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 secondary income balance (credit less debit), net (credits less) in Cape Verde?
- Secondary income balance (credit less debit), net (credits less) in Cape Verde was 466.43 million in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Cape Verde?
- The highest recorded value was 466.43 million in 2024.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Cape Verde?
- The lowest recorded value was 254.20 million in 2015.
- How does Cape Verde rank for secondary income balance (credit less debit), net (credits less)?
- Cape Verde ranks 88th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Cape Verde?
- Over the last ten years it is up 76.3%. 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 Secondary 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.