Gross savings in Cape Verde
Cape Verde: Gross savings was 21.4% in 2025. ▼ Falling
Gross savings in Cape Verde, 2007–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2025, gross savings in Cape Verde stood at 21.4%.
Compared with earlier readings it is up 3.9% on the previous year and down 27.5% over ten years.
Over the whole period, gross savings in Cape Verde peaked at 38.2% in 2008 and was at its lowest, 17.8%, in 2021.
Cape Verde ranks 94th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Gross savings in Cape Verde, year by year
| Year | % of GNI | Change |
|---|---|---|
| 2007 | 37.6% | — |
| 2008 | 38.2% | +1.6% |
| 2009 | 34.1% | -10.7% |
| 2010 | 36.1% | +5.6% |
| 2011 | 35.3% | -2.0% |
| 2012 | 30.2% | -14.4% |
| 2013 | 30.2% | -0.3% |
| 2014 | 27.9% | -7.6% |
| 2015 | 29.5% | +5.9% |
| 2016 | 29.0% | -1.8% |
| 2017 | 26.4% | -8.9% |
| 2018 | 26.1% | -1.1% |
| 2019 | 25.2% | -3.3% |
| 2020 | 17.9% | -29.0% |
| 2021 | 17.8% | -0.6% |
| 2022 | 19.4% | +8.8% |
| 2023 | 21.1% | +8.7% |
| 2024 | 20.6% | -2.2% |
| 2025 | 21.4% | +3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.7% | 34.1% | 38.2% | 3 |
| 2010s | 29.6% | 25.2% | 36.1% | 10 |
| 2020s | 19.7% | 17.8% | 21.4% | 6 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Industry (including construction), value added (constant 2015 US$) 6.38 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.0822 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 476.24 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 6.38 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 8.17 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 47,331 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 11.14 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6792 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 3,937 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 6.72 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Cape Verde?
- Gross savings in Cape Verde was 21.4% 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 38.2% in 2008.
- What is the lowest gross savings recorded in Cape Verde?
- The lowest recorded value was 17.8% in 2021.
- How does Cape Verde rank for gross savings?
- Cape Verde ranks 94th out of 177 countries with data for 2025.
- Is gross savings rising or falling in Cape Verde?
- Over the last ten years it is down 27.5%. 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 (% of GNI). 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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.