Gross domestic savings (% of GDP) in Cape Verde
Cape Verde: Gross domestic savings (% of GDP) was 6.0% in 2025. ◆ Volatile
Gross domestic savings in Cape Verde, 2007–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Cape Verde recorded 6.0% for gross domestic savings in 2025.
That represents a change of up 26.4% on the previous year and down 65.3% over ten years.
Over the whole period, gross domestic savings in Cape Verde peaked at 23.7% in 2008 and was at its lowest, -2.0%, in 2021.
Cape Verde ranks 146th of 188 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings (% of GDP) in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2007 | 20.6% | — |
| 2008 | 23.7% | +15.0% |
| 2009 | 19.0% | -19.8% |
| 2010 | 20.0% | +5.3% |
| 2011 | 20.1% | +0.6% |
| 2012 | 19.5% | -3.1% |
| 2013 | 18.9% | -3.2% |
| 2014 | 18.2% | -3.5% |
| 2015 | 17.4% | -4.5% |
| 2016 | 16.1% | -7.2% |
| 2017 | 13.4% | -17.1% |
| 2018 | 13.4% | -0.1% |
| 2019 | 13.2% | -0.8% |
| 2020 | 1.2% | -91.3% |
| 2021 | -2.0% | -273.6% |
| 2022 | 2.3% | -212.4% |
| 2023 | 5.3% | +133.1% |
| 2024 | 4.8% | -9.2% |
| 2025 | 6.0% | +26.4% |
Cape Verde compared with similar countries
- Cape Verde's 6.0% is below the median for upper middle income countries, which is 18.9%, 32% of the median. (52 countries reporting)
- Cape Verde's 6.0% is below the median for Sub-Saharan Africa, which is 14.7%, 41% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) in Cape Verde changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | -273.6% | 1.2% | -2.0% |
| 2022 | +212.4% | -2.0% | 2.3% |
| 2023 | +133.1% | 2.3% | 5.3% |
| 2020 | -91.3% | 13.2% | 1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.1% | 19.0% | 23.7% | 3 |
| 2010s | 17.0% | 13.2% | 20.1% | 10 |
| 2020s | 2.9% | -2.0% | 6.0% | 6 |
Countries ranked near Cape Verde
- 143 Philippines 8.4% compare
- 144 Pakistan 7.1% compare
- 145 Nepal 6.9% compare
- 147 Seychelles 5.7% compare
- 148 Kosovo 4.3% compare
- 148 Kosovo (UNSCR 1244) 4.3% compare
More economy & growth data for Cape Verde
- Real gdp growth, annual growth rate 51.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 300.47 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.7172 units per person (2025)
- SDRs holdings, SDR, annual growth rate 281.36 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.5237 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.54 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 51.68 units per person (2025)
Frequently asked questions
- What is gross domestic savings in Cape Verde?
- Gross domestic savings in Cape Verde was 6.0% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Cape Verde?
- The highest recorded value was 23.7% in 2008.
- What is the lowest gross domestic savings recorded in Cape Verde?
- The lowest recorded value was -2.0% in 2021.
- How does Cape Verde rank for gross domestic savings?
- Cape Verde ranks 146th out of 188 countries with data for 2025.
- Is gross domestic savings rising or falling in Cape Verde?
- Over the last ten years it is down 65.3%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.