Gross savings (current US$) in Cape Verde
Cape Verde: Gross savings (current US$) was 646.25 million current US$ in 2025. ▼ Falling
Gross savings in Cape Verde, 2007–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, gross savings in Cape Verde stood at 646.25 million current US$.
The figure is up 17.6% on the previous year and up 29.5% over ten years.
Over the whole period, gross savings in Cape Verde peaked at 731.37 million current US$ in 2008 and was at its lowest, 319.65 million current US$, in 2020.
Cape Verde ranks 154th of 178 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Gross savings (current US$) in Cape Verde, year by year
| Year | current US$ | Change |
|---|---|---|
| 2007 | 608.88 million current US$ | — |
| 2008 | 731.37 million current US$ | +20.1% |
| 2009 | 617.53 million current US$ | -15.6% |
| 2010 | 631.58 million current US$ | +2.3% |
| 2011 | 697.39 million current US$ | +10.4% |
| 2012 | 556.11 million current US$ | -20.3% |
| 2013 | 592.56 million current US$ | +6.6% |
| 2014 | 543.34 million current US$ | -8.3% |
| 2015 | 499.07 million current US$ | -8.1% |
| 2016 | 518.93 million current US$ | +4.0% |
| 2017 | 510.98 million current US$ | -1.5% |
| 2018 | 563.47 million current US$ | +10.3% |
| 2019 | 557.67 million current US$ | -1.0% |
| 2020 | 319.65 million current US$ | -42.7% |
| 2021 | 360.59 million current US$ | +12.8% |
| 2022 | 430.06 million current US$ | +19.3% |
| 2023 | 521.19 million current US$ | +21.2% |
| 2024 | 549.62 million current US$ | +5.5% |
| 2025 | 646.25 million current US$ | +17.6% |
Cape Verde compared with similar countries
- Cape Verde's 646.25 million current US$ is below the median for upper middle income countries, which is 13.86 billion current US$, 5% of the median. (49 countries reporting)
- Cape Verde's 646.25 million current US$ is below the median for Sub-Saharan Africa, which is 3.44 billion current US$, 19% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 652.59 million current US$ | 608.88 million current US$ | 731.37 million current US$ | 3 |
| 2010s | 567.11 million current US$ | 499.07 million current US$ | 697.39 million current US$ | 10 |
| 2020s | 471.23 million current US$ | 319.65 million current US$ | 646.25 million current US$ | 6 |
Countries ranked near Cape Verde
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 savings in Cape Verde?
- Gross savings in Cape Verde was 646.25 million current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Cape Verde?
- The highest recorded value was 731.37 million current US$ in 2008.
- What is the lowest gross savings recorded in Cape Verde?
- The lowest recorded value was 319.65 million current US$ in 2020.
- How does Cape Verde rank for gross savings?
- Cape Verde ranks 154th out of 178 countries with data for 2025.
- Is gross savings rising or falling in Cape Verde?
- Over the last ten years it is up 29.5%. The long-run trend across the full record is falling.
- Where does this Cape Verde data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.