Current account balance as a proportion of GDP (%) in Cabo Verde
Cabo Verde: Current account balance as a proportion of GDP (%) was 3.9% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Cabo Verde, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Cabo Verde stood at 3.9%. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 241.2% on the previous year and up 147.3% over ten years.
Over the whole period, current account balance as a proportion of gdp in Cabo Verde peaked at 3.9% in 2024 and was at its lowest, -15.7%, in 2020.
Cabo Verde ranks 50th of 205 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Cabo Verde, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -11.2% | — |
| 2001 | -9.9% | -11.3% |
| 2002 | -11.5% | +16.3% |
| 2003 | -11.1% | -3.4% |
| 2004 | -14.1% | +26.4% |
| 2005 | -4.2% | -70.3% |
| 2006 | -7.5% | +78.6% |
| 2007 | -12.0% | +60.8% |
| 2008 | -10.5% | -12.8% |
| 2009 | -13.2% | +26.2% |
| 2010 | -12.2% | -7.7% |
| 2011 | -14.9% | +21.9% |
| 2012 | -12.7% | -14.4% |
| 2013 | -5.3% | -58.4% |
| 2014 | -8.3% | +56.4% |
| 2015 | -2.9% | -65.1% |
| 2016 | -3.5% | +19.9% |
| 2017 | -7.0% | +101.7% |
| 2018 | -4.4% | -37.1% |
| 2019 | -1.0% | -78.0% |
| 2020 | -15.7% | +1519.0% |
| 2021 | -12.2% | -22.1% |
| 2022 | -3.5% | -71.5% |
| 2023 | -2.8% | -20.5% |
| 2024 | 3.9% | -241.2% |
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Cabo 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 |
|---|---|---|---|
| 2020 | -1519.0% | -1.0% | -15.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -10.5% | -14.1% | -4.2% | 10 |
| 2010s | -7.2% | -14.9% | -1.0% | 10 |
| 2020s | -6.0% | -15.7% | 3.9% | 5 |
Countries ranked near Cabo Verde
More economy & growth data for Cabo Verde
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.51 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.56 Percent per annum (2029)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 2.73 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 7.27 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 6.75 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 52,503 million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 515.13 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 5.98 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.61 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 5.98 % (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in Cabo Verde?
- Current account balance as a proportion of gdp in Cabo Verde was 3.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Cabo Verde?
- The highest recorded value was 3.9% in 2024.
- What is the lowest current account balance as a proportion of gdp recorded in Cabo Verde?
- The lowest recorded value was -15.7% in 2020.
- How does Cabo Verde rank for current account balance as a proportion of gdp?
- Cabo Verde ranks 50th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Cabo Verde?
- Over the last ten years it is up 147.3%. The long-run trend across the full record is volatile.
- Where does this Cabo Verde data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).