Financial and insurance activities (banking), value added in Cape Verde
Cape Verde: Financial and insurance activities (banking), value added was 27.40 million current US$ 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 US$.
Analysis
The most recent figure for financial and insurance activities (banking), value added in Cape Verde is 27.40 million current US$, measured in 2011. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 15.6% on the previous year and up 194.3% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Cape Verde peaked at 27.40 million current US$ in 2011 and was at its lowest, 186,343 current US$, in 1987.
That places Cape Verde 30th out of 37 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in Cape Verde, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | 1.05 million current US$ | — |
| 1981 | 850,195 current US$ | -19.1% |
| 1982 | 955,513 current US$ | +12.4% |
| 1983 | 789,557 current US$ | -17.4% |
| 1984 | 660,773 current US$ | -16.3% |
| 1985 | 663,460 current US$ | +0.4% |
| 1986 | 469,787 current US$ | -29.2% |
| 1987 | 186,343 current US$ | -60.3% |
| 1988 | 212,835 current US$ | +14.2% |
| 1989 | 1.05 million current US$ | +393.0% |
| 1990 | 502,825 current US$ | -52.1% |
| 1991 | 986,078 current US$ | +96.1% |
| 1992 | 942,559 current US$ | -4.4% |
| 1993 | 459,203 current US$ | -51.3% |
| 1994 | 2.58 million current US$ | +462.9% |
| 1995 | 5.15 million current US$ | +99.2% |
| 1996 | 4.81 million current US$ | -6.6% |
| 1997 | 4.21 million current US$ | -12.4% |
| 1998 | 7.03 million current US$ | +66.9% |
| 1999 | 9.01 million current US$ | +28.1% |
| 2000 | 6.48 million current US$ | -28.0% |
| 2001 | 9.31 million current US$ | +43.6% |
| 2002 | 9.29 million current US$ | -0.2% |
| 2003 | 7.66 million current US$ | -17.6% |
| 2004 | 7.68 million current US$ | +0.3% |
| 2005 | 6.42 million current US$ | -16.3% |
| 2006 | 9.74 million current US$ | +51.6% |
| 2007 | 8.17 million current US$ | -16.1% |
| 2008 | 13.60 million current US$ | +66.4% |
| 2009 | 23.42 million current US$ | +72.2% |
| 2010 | 23.69 million current US$ | +1.1% |
| 2011 | 27.40 million current US$ | +15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 688,809 current US$ | 186,343 current US$ | 1.05 million current US$ | 10 |
| 1990s | 3.57 million current US$ | 459,203 current US$ | 9.01 million current US$ | 10 |
| 2000s | 10.18 million current US$ | 6.42 million current US$ | 23.42 million current US$ | 10 |
| 2010s | 25.54 million current US$ | 23.69 million current US$ | 27.40 million current US$ | 2 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Net primary income (Net income from abroad) (current LCU), annual 17.72 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 18.54 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1632 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 945.95 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 13.82 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 15.97 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 92,574 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0078 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 128.44 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 93.79 (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 27.40 million current US$ 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 27.40 million current US$ in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in Cape Verde?
- The lowest recorded value was 186,343 current US$ in 1987.
- How does Cape Verde rank for financial and insurance activities (banking), value added?
- Cape Verde ranks 30th out of 37 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 194.3%. 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 (current US$). 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 U.S. dollars.