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Total debt service in Cape Verde

Cape Verde: Total debt service was 12.6% in 2024. ▼ Falling

Latest (2024)
12.6%
Change on year
down 16.8%
World rank
61st
of 120 countries
All-time high
18.9%
in 1992
All-time low
1.2%
in 1981
Years of data
44
1981–2024

Total debt service in Cape Verde, 1981–2024

051015201981200220241981: 1.2 % of exports of goods, services and primary income1982: 4.4 % of exports of goods, services and primary income1983: 7.8 % of exports of goods, services and primary income1984: 16.2 % of exports of goods, services and primary income1985: 15.7 % of exports of goods, services and primary income1986: 12.6 % of exports of goods, services and primary income1987: 16.2 % of exports of goods, services and primary income1988: 17 % of exports of goods, services and primary income1989: 11.5 % of exports of goods, services and primary income1990: 9.1 % of exports of goods, services and primary income1991: 14.7 % of exports of goods, services and primary income1992: 18.9 % of exports of goods, services and primary income1993: 12.4 % of exports of goods, services and primary income1994: 14.3 % of exports of goods, services and primary income1995: 11.2 % of exports of goods, services and primary income1996: 7.7 % of exports of goods, services and primary income1997: 10.5 % of exports of goods, services and primary income1998: 17 % of exports of goods, services and primary income1999: 16.3 % of exports of goods, services and primary income2000: 11.1 % of exports of goods, services and primary income2001: 8.2 % of exports of goods, services and primary income2002: 11.9 % of exports of goods, services and primary income2003: 7.3 % of exports of goods, services and primary income2004: 7.9 % of exports of goods, services and primary income2005: 9.6 % of exports of goods, services and primary income2006: 6.4 % of exports of goods, services and primary income2007: 5 % of exports of goods, services and primary income2008: 4.3 % of exports of goods, services and primary income2009: 5.6 % of exports of goods, services and primary income2010: 5.4 % of exports of goods, services and primary income2011: 4.7 % of exports of goods, services and primary income2012: 6.5 % of exports of goods, services and primary income2013: 5.8 % of exports of goods, services and primary income2014: 5.6 % of exports of goods, services and primary income2015: 7.5 % of exports of goods, services and primary income2016: 6.7 % of exports of goods, services and primary income2017: 6.9 % of exports of goods, services and primary income2018: 6.8 % of exports of goods, services and primary income2019: 6.8 % of exports of goods, services and primary income2020: 14.2 % of exports of goods, services and primary income2021: 12.3 % of exports of goods, services and primary income2022: 12 % of exports of goods, services and primary income2023: 15.2 % of exports of goods, services and primary income2024: 12.6 % 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

In 2024, total debt service in Cape Verde stood at 12.6%.

The figure is down 16.8% on the previous year and up 124.2% over ten years.

Over the whole period, total debt service in Cape Verde peaked at 18.9% in 1992 and was at its lowest, 1.2%, in 1981.

That places Cape Verde 61st out of 120 countries with data for 2024, putting it in the middle of the range.

The long-run direction has been consistently falling across the 44 years of available data.

Total debt service in Cape Verde, year by year

Year % of exports of goods, services and primary income Change
1981 1.2% —
1982 4.4% +280.7%
1983 7.8% +76.1%
1984 16.2% +109.4%
1985 15.7% -3.6%
1986 12.6% -19.4%
1987 16.2% +28.6%
1988 17.0% +5.0%
1989 11.5% -32.7%
1990 9.1% -20.8%
1991 14.7% +62.3%
1992 18.9% +27.9%
1993 12.4% -34.5%
1994 14.3% +16.0%
1995 11.2% -22.2%
1996 7.7% -31.1%
1997 10.5% +36.9%
1998 17.0% +61.5%
1999 16.3% -4.3%
2000 11.1% -32.0%
2001 8.2% -26.2%
2002 11.9% +45.2%
2003 7.3% -38.8%
2004 7.9% +9.1%
2005 9.6% +20.8%
2006 6.4% -32.8%
2007 5.0% -22.6%
2008 4.3% -14.6%
2009 5.6% +32.4%
2010 5.4% -3.3%
2011 4.7% -12.8%
2012 6.5% +37.9%
2013 5.8% -11.9%
2014 5.6% -2.3%
2015 7.5% +33.1%
2016 6.7% -10.9%
2017 6.9% +3.4%
2018 6.8% -0.8%
2019 6.8% -1.4%
2020 14.2% +110.2%
2021 12.3% -13.6%
2022 12.0% -2.4%
2023 15.2% +26.8%
2024 12.6% -16.8%

Cape Verde compared with similar countries

  • Cape Verde's 12.6% is below the median for upper middle income countries, which is 14.4%, 88% of the median. (51 countries reporting)
  • Cape Verde's 12.6% is above the median for Sub-Saharan Africa, which is 11.8%, 1.1× the median. (44 countries reporting)

Biggest year-on-year movements

Years where Total debt service 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
1982 +280.7% 1.2% 4.4%

Averages by decade

DecadeAverage LowestHighest Years
1980s 11.4% 1.2% 17.0% 9
1990s 13.2% 7.7% 18.9% 10
2000s 7.7% 4.3% 11.9% 10
2010s 6.3% 4.7% 7.5% 10
2020s 13.2% 12.0% 15.2% 5

Countries ranked near Cape Verde

  1. 58 Central African Republic 13.4% compare
  2. 59 Guinea-Bissau 13.3% compare
  3. 60 Morocco 12.9% compare
  4. 62 Nepal 12.4% compare
  5. 63 Tanzania 12.1% compare
  6. 64 Ethiopia 11.5% compare

See the full ranking of 132 places →

More economy & growth data for Cape Verde

All data for Cape Verde →

Frequently asked questions

What is total debt service in Cape Verde?
Total debt service in Cape Verde was 12.6% in 2024, according to International Debt Statistics, World Bank (WB).
What is the highest total debt service recorded in Cape Verde?
The highest recorded value was 18.9% in 1992.
What is the lowest total debt service recorded in Cape Verde?
The lowest recorded value was 1.2% in 1981.
How does Cape Verde rank for total debt service?
Cape Verde ranks 61st out of 120 countries with data for 2024.
Is total debt service rising or falling in Cape Verde?
Over the last ten years it is up 124.2%. The long-run trend across the full record is falling.
Where does this Cape Verde data come from?
The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.

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

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About this data

Indicator
Total debt service (% 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
132 places, 5,268 data points, 1970–2024
Last refreshed

Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.