Services balance (credit less debit), Net (credits less debits) in Cape Verde
Cape Verde: Services balance (credit less debit), Net (credits less debits) was 532.26 million in 2024. ▲ Rising
Services balance (credit less debit), Net (credits less debits) in Cape Verde, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Cape Verde is 532.26 million, measured in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 22.6% on the previous year and up 104.2% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Cape Verde peaked at 532.26 million in 2024 and was at its lowest, 58.65 million, in 2021.
Cape Verde ranks 79th 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.
Services balance (credit less debit), Net (credits less debits) in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 62.06 million | — |
| 2006 | 127.37 million | +105.3% |
| 2007 | 194.69 million | +52.8% |
| 2008 | 240.81 million | +23.7% |
| 2009 | 159.59 million | -33.7% |
| 2010 | 199.03 million | +24.7% |
| 2011 | 251.82 million | +26.5% |
| 2012 | 223.43 million | -11.3% |
| 2013 | 298.99 million | +33.8% |
| 2014 | 260.68 million | -12.8% |
| 2015 | 224.97 million | -13.7% |
| 2016 | 246.94 million | +9.8% |
| 2017 | 275.72 million | +11.7% |
| 2018 | 316.97 million | +15.0% |
| 2019 | 384.22 million | +21.2% |
| 2020 | 76.04 million | -80.2% |
| 2021 | 58.65 million | -22.9% |
| 2022 | 321.17 million | +447.6% |
| 2023 | 434.31 million | +35.2% |
| 2024 | 532.26 million | +22.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 156.90 million | 62.06 million | 240.81 million | 5 |
| 2010s | 268.28 million | 199.03 million | 384.22 million | 10 |
| 2020s | 284.49 million | 58.65 million | 532.26 million | 5 |
Countries ranked near Cape Verde
More financial sector data for Cape Verde
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 53.37 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.2994 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,735 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 53.08 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,743 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 53.08 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,743 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 53.08 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,743 SDR per person (2025)
- Total reserves (gold at national valuation) 919.24 million SDR (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Cape Verde?
- Services balance (credit less debit), net (credits less debits) in Cape Verde was 532.26 million in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Cape Verde?
- The highest recorded value was 532.26 million in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Cape Verde?
- The lowest recorded value was 58.65 million in 2021.
- How does Cape Verde rank for services balance (credit less debit), net (credits less debits)?
- Cape Verde ranks 79th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Cape Verde?
- Over the last ten years it is up 104.2%. 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 Services 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.