Total reserves in Cape Verde
Cape Verde: Total reserves was 33.2% in 2024. ◆ Volatile
Total reserves in Cape Verde, 1981–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for total reserves in Cape Verde is 33.2%, measured in 2024.
The figure is down 2.5% on the previous year and up 20.4% over ten years.
Over the whole period, total reserves in Cape Verde peaked at 96.1% in 1981 and was at its lowest, 3.4%, in 1998.
Cape Verde ranks 59th of 111 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total reserves in Cape Verde, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1981 | 96.1% | — |
| 1982 | 72.4% | -24.6% |
| 1983 | 64.0% | -11.6% |
| 1984 | 53.8% | -16.0% |
| 1985 | 58.3% | +8.5% |
| 1986 | 49.7% | -14.7% |
| 1987 | 62.3% | +25.3% |
| 1988 | 65.4% | +4.9% |
| 1989 | 59.3% | -9.3% |
| 1990 | 57.5% | -3.0% |
| 1991 | 48.5% | -15.7% |
| 1992 | 53.4% | +10.0% |
| 1993 | 39.1% | -26.7% |
| 1994 | 23.9% | -38.8% |
| 1995 | 17.2% | -28.0% |
| 1996 | 13.6% | -21.0% |
| 1997 | 9.4% | -31.2% |
| 1998 | 3.4% | -64.0% |
| 1999 | 13.2% | +292.7% |
| 2000 | 8.8% | -33.4% |
| 2001 | 13.2% | +49.2% |
| 2002 | 19.9% | +51.1% |
| 2003 | 21.0% | +5.5% |
| 2004 | 30.0% | +43.1% |
| 2005 | 36.5% | +21.6% |
| 2006 | 48.6% | +32.9% |
| 2007 | 62.8% | +29.3% |
| 2008 | 57.7% | -8.0% |
| 2009 | 54.9% | -4.9% |
| 2010 | 43.2% | -21.3% |
| 2011 | 32.5% | -24.7% |
| 2012 | 23.4% | -28.1% |
| 2013 | 24.1% | +3.3% |
| 2014 | 27.6% | +14.2% |
| 2015 | 26.9% | -2.6% |
| 2016 | 31.2% | +16.1% |
| 2017 | 29.2% | -6.4% |
| 2018 | 29.0% | -0.7% |
| 2019 | 34.3% | +18.3% |
| 2020 | 30.3% | -11.7% |
| 2021 | 31.3% | +3.5% |
| 2022 | 30.4% | -3.1% |
| 2023 | 34.0% | +12.0% |
| 2024 | 33.2% | -2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 64.6% | 49.7% | 96.1% | 9 |
| 1990s | 27.9% | 3.4% | 57.5% | 10 |
| 2000s | 35.3% | 8.8% | 62.8% | 10 |
| 2010s | 30.1% | 23.4% | 43.2% | 10 |
| 2020s | 31.8% | 30.3% | 34.0% | 5 |
Countries ranked near Cape Verde
More financial sector data for Cape Verde
- Net domestic credit (current LCU), per capita 370,513 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 63.92 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 1.41 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 915.16 million SDR (2025)
- Reserves excluding gold 919.24 million SDR (2025)
- Total reserves (gold at market value) 919.24 million SDR (2025)
- Total reserves (gold at national valuation) 919.24 million SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,743 SDR per person (2025)
Frequently asked questions
- What is total reserves in Cape Verde?
- Total reserves in Cape Verde was 33.2% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total reserves recorded in Cape Verde?
- The highest recorded value was 96.1% in 1981.
- What is the lowest total reserves recorded in Cape Verde?
- The lowest recorded value was 3.4% in 1998.
- How does Cape Verde rank for total reserves?
- Cape Verde ranks 59th out of 111 countries with data for 2024.
- Is total reserves rising or falling in Cape Verde?
- Over the last ten years it is up 20.4%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total reserves (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.