Debt service as a share of exports of good and services in Cape Verde
Cape Verde: Debt service as a share of exports of good and services was 13.5% in 2023. ▲ Rising
Debt service as a share of exports of good and services in Cape Verde, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for debt service as a share of exports of good and services in Cape Verde is 13.5%, measured in 2023. That is the highest value across all 24 years on record.
That represents a change of up 21.4% on the previous year and up 196.7% over ten years.
Over the whole period, debt service as a share of exports of good and services in Cape Verde peaked at 13.5% in 2023 and was at its lowest, 4.2%, in 2008.
Cape Verde ranks 23rd of 116 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Debt service as a share of exports of good and services in Cape Verde, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 11.1% | — |
| 2001 | 8.2% | -26.3% |
| 2002 | 11.9% | +45.3% |
| 2003 | 7.3% | -38.8% |
| 2004 | 7.9% | +9.1% |
| 2005 | 9.6% | +20.7% |
| 2006 | 6.4% | -32.8% |
| 2007 | 5.0% | -22.6% |
| 2008 | 4.2% | -14.7% |
| 2009 | 5.6% | +32.5% |
| 2010 | 5.4% | -3.4% |
| 2011 | 4.7% | -12.9% |
| 2012 | 4.5% | -4.0% |
| 2013 | 4.5% | +0.0% |
| 2014 | 4.8% | +4.6% |
| 2015 | 6.2% | +30.9% |
| 2016 | 5.9% | -5.1% |
| 2017 | 6.1% | +3.9% |
| 2018 | 5.6% | -8.8% |
| 2019 | 5.8% | +4.3% |
| 2020 | 13.2% | +126.4% |
| 2021 | 11.2% | -15.3% |
| 2022 | 11.1% | -0.7% |
| 2023 | 13.5% | +21.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.7% | 4.2% | 11.9% | 10 |
| 2010s | 5.4% | 4.5% | 6.2% | 10 |
| 2020s | 12.3% | 11.1% | 13.5% | 4 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Total reserves minus gold (current US$), annual growth rate 60.76 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.4119 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 2,387 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.04 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.2286 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 1,325 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 11.41 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 22.37 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 129,653 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 9.17 % change on previous year (2025)
Frequently asked questions
- What is debt service as a share of exports of good and services in Cape Verde?
- Debt service as a share of exports of good and services in Cape Verde was 13.5% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest debt service as a share of exports of good and services recorded in Cape Verde?
- The highest recorded value was 13.5% in 2023.
- What is the lowest debt service as a share of exports of good and services recorded in Cape Verde?
- The lowest recorded value was 4.2% in 2008.
- How does Cape Verde rank for debt service as a share of exports of good and services?
- Cape Verde ranks 23rd out of 116 countries with data for 2023.
- Is debt service as a share of exports of good and services rising or falling in Cape Verde?
- Over the last ten years it is up 196.7%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Debt service as a share of exports of good and services. Statizoid updates them automatically from the source API.
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About this data
Debt service as a proportion of exports of goods, services and primary income (%).