Current account balance as a share of GDP in Cape Verde
Cape Verde: Current account balance as a share of GDP was 3.9% in 2024. ◆ Volatile
Current account balance as a share of GDP in Cape Verde, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Cape Verde is 3.9%, measured in 2024. That is the highest value across all 25 years on record.
The figure is up 241.2% on the previous year and up 147.3% over ten years.
Over the whole period, current account balance as a share of gdp in Cape Verde peaked at 3.9% in 2024 and was at its lowest, -15.7%, in 2020.
That places Cape Verde 47th out of 193 countries with data for 2024, putting it 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 share of GDP in Cape Verde, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -11.2% | — |
| 2001 | -9.9% | -11.2% |
| 2002 | -11.5% | +16.3% |
| 2003 | -11.1% | -3.3% |
| 2004 | -14.1% | +26.3% |
| 2005 | -4.2% | -70.3% |
| 2006 | -7.5% | +78.7% |
| 2007 | -12.0% | +60.8% |
| 2008 | -10.5% | -12.8% |
| 2009 | -13.2% | +26.3% |
| 2010 | -12.2% | -7.6% |
| 2011 | -14.9% | +21.9% |
| 2012 | -12.7% | -14.4% |
| 2013 | -5.3% | -58.4% |
| 2014 | -8.3% | +56.3% |
| 2015 | -2.9% | -65.1% |
| 2016 | -3.5% | +20.1% |
| 2017 | -7.0% | +101.4% |
| 2018 | -4.4% | -37.1% |
| 2019 | -1.0% | -78.0% |
| 2020 | -15.7% | +1516.5% |
| 2021 | -12.2% | -22.1% |
| 2022 | -3.5% | -71.5% |
| 2023 | -2.8% | -20.4% |
| 2024 | 3.9% | -241.2% |
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 Cape Verde
More economy & growth data for Cape Verde
- Gross value added at basic prices (GVA) (current LCU), annual growth 7.11 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 81.89 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 474,687 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 6.06 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6693 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 3,879 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 6.06 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 66.51 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 385,549 constant LCU per person (2025)
- GDP (current US$), annual growth rate 12.64 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Cape Verde?
- Current account balance as a share of gdp in Cape Verde was 3.9% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Cape Verde?
- The highest recorded value was 3.9% in 2024.
- What is the lowest current account balance as a share of gdp recorded in Cape Verde?
- The lowest recorded value was -15.7% in 2020.
- How does Cape Verde rank for current account balance as a share of gdp?
- Cape Verde ranks 47th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Cape Verde?
- Over the last ten years it is up 147.3%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Current account balance as a proportion of GDP (%).