Financial and insurance activities (banking), value added in Cape Verde
Cape Verde: Financial and insurance activities (banking), value added was 2.17 billion current LCU in 2011. ◆ Volatile
Financial and insurance activities (banking), value added in Cape Verde, 1980–2011
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
In 2011, financial and insurance activities (banking), value added in Cape Verde stood at 2.17 billion current LCU. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 10.2% on the previous year and up 89.5% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Cape Verde peaked at 2.17 billion current LCU in 2011 and was at its lowest, 13.50 million current LCU, in 1987.
That places Cape Verde 26th out of 36 countries with data for 2011, putting it in the middle of the range.
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 | current LCU | Change |
|---|---|---|
| 1980 | 42.20 million current LCU | — |
| 1981 | 41.40 million current LCU | -1.9% |
| 1982 | 55.70 million current LCU | +34.5% |
| 1983 | 56.60 million current LCU | +1.6% |
| 1984 | 56.09 million current LCU | -0.9% |
| 1985 | 60.79 million current LCU | +8.4% |
| 1986 | 37.65 million current LCU | -38.1% |
| 1987 | 13.50 million current LCU | -64.1% |
| 1988 | 15.34 million current LCU | +13.6% |
| 1989 | 81.82 million current LCU | +433.4% |
| 1990 | 35.21 million current LCU | -57.0% |
| 1991 | 70.41 million current LCU | +100.0% |
| 1992 | 64.11 million current LCU | -9.0% |
| 1993 | 36.93 million current LCU | -42.4% |
| 1994 | 211.66 million current LCU | +473.1% |
| 1995 | 395.74 million current LCU | +87.0% |
| 1996 | 397.33 million current LCU | +0.4% |
| 1997 | 392.32 million current LCU | -1.3% |
| 1998 | 690.19 million current LCU | +75.9% |
| 1999 | 932.10 million current LCU | +35.1% |
| 2000 | 775.82 million current LCU | -16.8% |
| 2001 | 1.15 billion current LCU | +47.8% |
| 2002 | 1.09 billion current LCU | -5.1% |
| 2003 | 748.24 million current LCU | -31.3% |
| 2004 | 681.85 million current LCU | -8.9% |
| 2005 | 569.70 million current LCU | -16.4% |
| 2006 | 855.90 million current LCU | +50.2% |
| 2007 | 658.30 million current LCU | -23.1% |
| 2008 | 1.02 billion current LCU | +55.5% |
| 2009 | 1.86 billion current LCU | +81.6% |
| 2010 | 1.97 billion current LCU | +6.1% |
| 2011 | 2.17 billion current LCU | +10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 46.11 million current LCU | 13.50 million current LCU | 81.82 million current LCU | 10 |
| 1990s | 322.60 million current LCU | 35.21 million current LCU | 932.10 million current LCU | 10 |
| 2000s | 940.86 million current LCU | 569.70 million current LCU | 1.86 billion current LCU | 10 |
| 2010s | 2.07 billion current LCU | 1.97 billion current LCU | 2.17 billion current LCU | 2 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- GDP (constant 2015 US$), annual growth rate 6.3 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8101 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 4,696 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 6.3 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 80.52 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 466,711 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 42.4 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.0603 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 349.55 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 36.73 % change on previous year (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 2.17 billion current LCU in 2011, 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 2.17 billion current LCU in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in Cape Verde?
- The lowest recorded value was 13.50 million current LCU in 1987.
- How does Cape Verde rank for financial and insurance activities (banking), value added?
- Cape Verde ranks 26th out of 36 countries with data for 2011.
- Is financial and insurance activities (banking), value added rising or falling in Cape Verde?
- Over the last ten years it is up 89.5%. 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 (current 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 current local currency.