Services, Credit/Revenue in Cape Verde
Cape Verde: Services, Credit/Revenue was 830.15 million in 2024. ▲ Rising
Services, Credit/Revenue in Cape Verde, 2005–2024
Source: International Monetary Fund.
Analysis
Cape Verde recorded 830.15 million for services, credit/revenue in 2024. That is the highest value across all 20 years on record.
That represents a change of up 16.5% on the previous year and up 32.0% over ten years.
Over the whole period, services, credit/revenue in Cape Verde peaked at 830.15 million in 2024 and was at its lowest, 276.73 million, in 2005.
That places Cape Verde 144th out of 198 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.
Services, Credit/Revenue in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 276.73 million | — |
| 2006 | 386.35 million | +39.6% |
| 2007 | 496.06 million | +28.4% |
| 2008 | 607.27 million | +22.4% |
| 2009 | 482.74 million | -20.5% |
| 2010 | 506.89 million | +5.0% |
| 2011 | 585.71 million | +15.5% |
| 2012 | 591.73 million | +1.0% |
| 2013 | 646.28 million | +9.2% |
| 2014 | 628.93 million | -2.7% |
| 2015 | 501.42 million | -20.3% |
| 2016 | 559.99 million | +11.7% |
| 2017 | 605.96 million | +8.2% |
| 2018 | 690.02 million | +13.9% |
| 2019 | 739.66 million | +7.2% |
| 2020 | 294.57 million | -60.2% |
| 2021 | 287.26 million | -2.5% |
| 2022 | 569.16 million | +98.1% |
| 2023 | 712.63 million | +25.2% |
| 2024 | 830.15 million | +16.5% |
Cape Verde compared with similar countries
- Cape Verde's 830.15 million is below the median for upper middle income countries, which is 5.14 billion, 16% of the median. (54 countries reporting)
- Cape Verde's 830.15 million is above the median for Sub-Saharan Africa, which is 514.12 million, 1.6× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 449.83 million | 276.73 million | 607.27 million | 5 |
| 2010s | 605.66 million | 501.42 million | 739.66 million | 10 |
| 2020s | 538.75 million | 287.26 million | 830.15 million | 5 |
Countries ranked near Cape Verde
- 141 Rwanda 1.08 billion compare
- 142 French Polynesia 1.02 billion compare
- 143 Botswana 934.97 million compare
- 145 Turks and Caicos Islands 821.02 million compare
- 146 Grenada 788.53 million compare
- 147 Afghanistan 699.57 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 services, credit/revenue in Cape Verde?
- Services, credit/revenue in Cape Verde was 830.15 million in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Cape Verde?
- The highest recorded value was 830.15 million in 2024.
- What is the lowest services, credit/revenue recorded in Cape Verde?
- The lowest recorded value was 276.73 million in 2005.
- How does Cape Verde rank for services, credit/revenue?
- Cape Verde ranks 144th out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Cape Verde?
- Over the last ten years it is up 32.0%. 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, Credit/Revenue (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.