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Short-term debt in Cape Verde

Cape Verde: Short-term debt was 32.1% in 2024. ◆ Volatile

Latest (2024)
32.1%
Change on year
down 21.3%
World rank
16th
of 119 countries
All-time high
79.2%
in 2021
All-time low
0.0%
in 1984
Years of data
44
1981–2024

Short-term debt in Cape Verde, 1981–2024

0204060801981200220241981: 0.023 % of exports of goods, services and primary income1982: 0.036 % of exports of goods, services and primary income1983: 0.005 % of exports of goods, services and primary income1984: 0 % of exports of goods, services and primary income1985: 3.1 % of exports of goods, services and primary income1986: 17.7 % of exports of goods, services and primary income1987: 20.4 % of exports of goods, services and primary income1988: 9.3 % of exports of goods, services and primary income1989: 4.2 % of exports of goods, services and primary income1990: 7.4 % of exports of goods, services and primary income1991: 8.7 % of exports of goods, services and primary income1992: 10.7 % of exports of goods, services and primary income1993: 12.9 % of exports of goods, services and primary income1994: 15 % of exports of goods, services and primary income1995: 33.4 % of exports of goods, services and primary income1996: 5.7 % of exports of goods, services and primary income1997: 5 % of exports of goods, services and primary income1998: 4.8 % of exports of goods, services and primary income1999: 15.3 % of exports of goods, services and primary income2000: 2.7 % of exports of goods, services and primary income2001: 2.1 % of exports of goods, services and primary income2002: 1.6 % of exports of goods, services and primary income2003: 0.681 % of exports of goods, services and primary income2004: 0.345 % of exports of goods, services and primary income2005: 0.252 % of exports of goods, services and primary income2006: 0.147 % of exports of goods, services and primary income2007: 0.217 % of exports of goods, services and primary income2008: 0.195 % of exports of goods, services and primary income2009: 0.249 % of exports of goods, services and primary income2010: 0 % of exports of goods, services and primary income2011: 0 % of exports of goods, services and primary income2012: 45.8 % of exports of goods, services and primary income2013: 55.6 % of exports of goods, services and primary income2014: 33.2 % of exports of goods, services and primary income2015: 43.2 % of exports of goods, services and primary income2016: 38.6 % of exports of goods, services and primary income2017: 39.3 % of exports of goods, services and primary income2018: 32.4 % of exports of goods, services and primary income2019: 31.3 % of exports of goods, services and primary income2020: 78.1 % of exports of goods, services and primary income2021: 79.2 % of exports of goods, services and primary income2022: 45.1 % of exports of goods, services and primary income2023: 40.8 % of exports of goods, services and primary income2024: 32.1 % of exports of goods, services and primary income

Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.

Analysis

The most recent figure for short-term debt in Cape Verde is 32.1%, measured in 2024.

The figure is down 21.3% on the previous year and down 3.3% over ten years.

Over the whole period, short-term debt in Cape Verde peaked at 79.2% in 2021 and was at its lowest, 0.0%, in 1984.

That places Cape Verde 16th out of 119 countries with data for 2024, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Short-term debt in Cape Verde, year by year

Year % of exports of goods, services and primary income Change
1981 0.0% —
1982 0.0% +60.4%
1983 0.0% -86.0%
1984 0.0% -100.0%
1985 3.1% —
1986 17.7% +467.1%
1987 20.4% +15.5%
1988 9.3% -54.3%
1989 4.2% -54.6%
1990 7.4% +73.6%
1991 8.7% +18.6%
1992 10.7% +22.1%
1993 12.9% +21.1%
1994 15.0% +15.9%
1995 33.4% +123.4%
1996 5.7% -83.0%
1997 5.0% -12.2%
1998 4.8% -4.4%
1999 15.3% +220.2%
2000 2.7% -82.4%
2001 2.1% -19.8%
2002 1.6% -24.7%
2003 0.7% -57.9%
2004 0.3% -49.3%
2005 0.3% -27.0%
2006 0.1% -41.7%
2007 0.2% +48.0%
2008 0.2% -10.1%
2009 0.2% +27.6%
2010 0.0% -100.0%
2011 0.0% —
2012 45.8% —
2013 55.6% +21.5%
2014 33.2% -40.2%
2015 43.2% +30.1%
2016 38.6% -10.8%
2017 39.3% +2.0%
2018 32.4% -17.7%
2019 31.3% -3.2%
2020 78.1% +149.4%
2021 79.2% +1.4%
2022 45.1% -43.1%
2023 40.8% -9.4%
2024 32.1% -21.3%

Cape Verde compared with similar countries

  • Cape Verde's 32.1% is above the median for upper middle income countries, which is 17.7%, 1.8× the median. (51 countries reporting)
  • Cape Verde's 32.1% is above the median for Sub-Saharan Africa, which is 9.1%, 3.5× the median. (43 countries reporting)

Biggest year-on-year movements

Years where Short-term debt 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.

YearChange FromTo
1986 +467.1% 3.1% 17.7%

Averages by decade

DecadeAverage LowestHighest Years
1980s 6.1% 0.0% 20.4% 9
1990s 11.9% 4.8% 33.4% 10
2000s 0.9% 0.1% 2.7% 10
2010s 31.9% 0.0% 55.6% 10
2020s 55.0% 32.1% 79.2% 5

Countries ranked near Cape Verde

  1. 13 Nigeria 36.2% compare
  2. 14 South Africa 33.8% compare
  3. 15 Moldova 32.5% compare
  4. 17 Fiji 31.5% compare
  5. 18 Jamaica 31.2% compare
  6. 19 China 31.0% compare

See the full ranking of 151 places →

More economy & growth data for Cape Verde

All data for Cape Verde →

Frequently asked questions

What is short-term debt in Cape Verde?
Short-term debt in Cape Verde was 32.1% in 2024, according to International Debt Statistics, World Bank (WB).
What is the highest short-term debt recorded in Cape Verde?
The highest recorded value was 79.2% in 2021.
What is the lowest short-term debt recorded in Cape Verde?
The lowest recorded value was 0.0% in 1984.
How does Cape Verde rank for short-term debt?
Cape Verde ranks 16th out of 119 countries with data for 2024.
Is short-term debt rising or falling in Cape Verde?
Over the last ten years it is down 3.3%. The long-run trend across the full record is volatile.
Where does this Cape Verde data come from?
The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.

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Short-term debt in Cape Verde. Statizoid, drawing on International Debt Statistics, World Bank (WB). Retrieved 18 September 2026, from https://economy.statizoid.com/stat/short-term-debt-percent-of-exports-of-goods-services-and-primary-income/cabo-verde/

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About this data

Indicator
Short-term debt (% of exports of goods, services and primary income)
Unit
% of exports of goods, services and primary income
Source
International Debt Statistics, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
151 places, 5,838 data points, 1970–2024
Last refreshed

Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.