Personal remittances, received in Cape Verde
Cape Verde: Personal remittances, received was 11.7% in 2025. ▼ Falling
Personal remittances, received in Cape Verde, 1980–2025
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Cape Verde recorded 11.7% for personal remittances, received in 2025.
Compared with earlier readings it is down 5.2% on the previous year and up 1.7% over ten years.
Over the whole period, personal remittances, received in Cape Verde peaked at 28.2% in 1980 and was at its lowest, 7.2%, in 2010.
That places Cape Verde 24th out of 196 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently falling across the 46 years of available data.
Personal remittances, received in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 28.2% | — |
| 1981 | 22.7% | -19.6% |
| 1982 | 18.4% | -18.9% |
| 1983 | 14.8% | -19.3% |
| 1984 | 15.6% | +5.2% |
| 1985 | 15.1% | -3.5% |
| 1986 | 14.5% | -4.1% |
| 1987 | 15.5% | +7.1% |
| 1988 | 16.2% | +4.4% |
| 1989 | 17.8% | +10.3% |
| 1990 | 19.3% | +8.0% |
| 1991 | 19.5% | +1.2% |
| 1992 | 21.3% | +9.1% |
| 1993 | 15.6% | -26.7% |
| 1994 | 21.0% | +34.8% |
| 1995 | 21.7% | +3.4% |
| 1996 | 20.0% | -8.0% |
| 1997 | 15.6% | -22.1% |
| 1998 | 14.1% | -9.3% |
| 1999 | 13.5% | -4.8% |
| 2000 | 16.6% | +23.7% |
| 2001 | 14.4% | -13.6% |
| 2002 | 13.7% | -4.7% |
| 2003 | 13.3% | -2.7% |
| 2004 | 12.3% | -8.0% |
| 2005 | 14.1% | +14.6% |
| 2006 | 12.3% | -12.3% |
| 2007 | 8.4% | -31.8% |
| 2008 | 7.9% | -6.0% |
| 2009 | 7.3% | -7.5% |
| 2010 | 7.2% | -2.0% |
| 2011 | 8.6% | +20.5% |
| 2012 | 9.3% | +7.0% |
| 2013 | 8.7% | -6.3% |
| 2014 | 9.6% | +11.3% |
| 2015 | 11.5% | +19.0% |
| 2016 | 11.4% | -0.5% |
| 2017 | 10.8% | -5.1% |
| 2018 | 10.6% | -1.9% |
| 2019 | 9.5% | -10.2% |
| 2020 | 12.9% | +34.6% |
| 2021 | 15.3% | +19.3% |
| 2022 | 14.0% | -8.5% |
| 2023 | 12.6% | -10.0% |
| 2024 | 12.3% | -2.6% |
| 2025 | 11.7% | -5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 17.9% | 14.5% | 28.2% | 10 |
| 1990s | 18.2% | 13.5% | 21.7% | 10 |
| 2000s | 12.0% | 7.3% | 16.6% | 10 |
| 2010s | 9.7% | 7.2% | 11.5% | 10 |
| 2020s | 13.1% | 11.7% | 15.3% | 6 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Manufacturing, value added (constant 2015 US$), per capita 232.74 constant 2015 US$ per person (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)
- Services, value added (constant 2015 US$), annual growth rate 6.3 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5562 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0402 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 8.17 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is personal remittances, received in Cape Verde?
- Personal remittances, received in Cape Verde was 11.7% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Cape Verde?
- The highest recorded value was 28.2% in 1980.
- What is the lowest personal remittances, received recorded in Cape Verde?
- The lowest recorded value was 7.2% in 2010.
- How does Cape Verde rank for personal remittances, received?
- Cape Verde ranks 24th out of 196 countries with data for 2025.
- Is personal remittances, received rising or falling in Cape Verde?
- Over the last ten years it is up 1.7%. The long-run trend across the full record is falling.
- Where does this Cape Verde data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.