Financial and insurance activities (banking), value added in Cape Verde
Cape Verde: Financial and insurance activities (banking), value added was 158.15 million constant LCU in 2010. ◆ Volatile
Financial and insurance activities (banking), value added in Cape Verde, 1980–2010
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in constant LCU.
Analysis
The most recent figure for financial and insurance activities (banking), value added in Cape Verde is 158.15 million constant LCU, measured in 2010.
The figure is up 3.8% on the previous year and up 41.3% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Cape Verde peaked at 181.66 million constant LCU in 2001 and was at its lowest, -10.66 million constant LCU, in 1993.
Cape Verde ranks 28th of 31 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in Cape Verde, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1980 | 42.20 million constant LCU | — |
| 1981 | 37.12 million constant LCU | -12.0% |
| 1982 | 41.30 million constant LCU | +11.3% |
| 1983 | 34.80 million constant LCU | -15.7% |
| 1984 | 29.55 million constant LCU | -15.1% |
| 1985 | 32.52 million constant LCU | +10.1% |
| 1986 | 15.15 million constant LCU | -53.4% |
| 1987 | 2.55 million constant LCU | -83.1% |
| 1988 | 1.86 million constant LCU | -27.3% |
| 1989 | 30.77 million constant LCU | +1556.2% |
| 1990 | 6.27 million constant LCU | -79.6% |
| 1991 | 12.20 million constant LCU | +94.6% |
| 1992 | 631,644 constant LCU | -94.8% |
| 1993 | -10.66 million constant LCU | -1788.2% |
| 1994 | 43.42 million constant LCU | -507.2% |
| 1995 | 89.40 million constant LCU | +105.9% |
| 1996 | 71.96 million constant LCU | -19.5% |
| 1997 | 59.86 million constant LCU | -16.8% |
| 1998 | 125.80 million constant LCU | +110.2% |
| 1999 | 150.59 million constant LCU | +19.7% |
| 2000 | 111.89 million constant LCU | -25.7% |
| 2001 | 181.66 million constant LCU | +62.4% |
| 2002 | 158.60 million constant LCU | -12.7% |
| 2003 | 75.49 million constant LCU | -52.4% |
| 2004 | 54.70 million constant LCU | -27.5% |
| 2005 | 22.08 million constant LCU | -59.6% |
| 2006 | 78.37 million constant LCU | +254.9% |
| 2007 | 10.16 million constant LCU | -87.0% |
| 2008 | 33.48 million constant LCU | +229.6% |
| 2009 | 152.32 million constant LCU | +354.9% |
| 2010 | 158.15 million constant LCU | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 26.78 million constant LCU | 1.86 million constant LCU | 42.20 million constant LCU | 10 |
| 1990s | 54.95 million constant LCU | -10.66 million constant LCU | 150.59 million constant LCU | 10 |
| 2000s | 87.87 million constant LCU | 10.16 million constant LCU | 181.66 million constant LCU | 10 |
| 2010s | 158.15 million constant LCU | 158.15 million constant LCU | 158.15 million constant LCU | 1 |
Countries ranked near Cape Verde
- 25 Eswatini 417.30 million constant LCU compare
- 26 Seychelles 348.83 million constant LCU compare
- 27 Eritrea 241.44 million constant LCU compare
- 29 Guinea 0 constant LCU
- 29 Mali 0 constant LCU
- 29 Mauritania 0 constant LCU
More economy & growth data for Cape Verde
- Services, value added (constant LCU), per capita 320,403 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 1.74 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 11.55 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8368 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 4,851 current US$ per person (2025)
- 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)
Frequently asked questions
- What is financial and insurance activities (banking), value added in Cape Verde?
- Financial and insurance activities (banking), value added in Cape Verde was 158.15 million constant LCU in 2010, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in Cape Verde?
- The highest recorded value was 181.66 million constant LCU in 2001.
- What is the lowest financial and insurance activities (banking), value added recorded in Cape Verde?
- The lowest recorded value was -10.66 million constant LCU in 1993.
- How does Cape Verde rank for financial and insurance activities (banking), value added?
- Cape Verde ranks 28th out of 31 countries with data for 2010.
- Is financial and insurance activities (banking), value added rising or falling in Cape Verde?
- Over the last ten years it is up 41.3%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in constant local currency.