Bank Deposits Statistics in Cape Verde (2026)
According to IMF Financial Access Survey data, outstanding bank deposits in Cape Verde came to 84.3% of GDP in 2024. Up from 82.9% of GDP in 2023 to 84.3% of GDP in 2024 (+1.4 percentage points). Cape Verde ranks #3 of 40 economies in Sub-Saharan Africa on this measure, and #41 of 172 globally.
Key Statistics
- Latest value (2024)
- 84.3% of GDP (2024)
- Bank Deposits in Cape Verde as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- +1.4 pp (2024)
- Up from 82.9% of GDP in 2023 to 84.3% of GDP in 2024 (+1.4 percentage points).
- Earliest value in this dataset (2004)
- 49.6% of GDP (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 49.6% of GDP in 2004 to 84.3% of GDP in 2024.
- Peak value (2020)
- 106.9% of GDP (2020)
- Highest value in the available series; the 2024 value is 84.3% of GDP.
- Rank in Sub-Saharan Africa
- #3 of 40 (2024)
- Cape Verde ranks 3 of 40 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #41 of 172 (2024)
- Cape Verde ranks 41 of 172 countries with data globally.
- Sub-Saharan Africa average
- 39.2% of GDP (2024)
- Cape Verde (84.3% of GDP) is above the average of 39.2% of GDP across the 40 countries in Sub-Saharan Africa with data.
- Internet use in Cape Verde (2024)
- 74.7% (2024)
- 74.7% of the population in Cape Verde used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 524,877 (2024)
- Cape Verde had a population of 524,877 in 2024 (World Bank); shown for scale only.
Trend, 2004–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 84.3% | +1.4 pp |
| 2023 | 82.9% | −1.9 pp |
| 2022 | 84.8% | −17.0 pp |
| 2021 | 101.8% | −5.1 pp |
| 2020 | 106.9% | +22.9 pp |
| 2019 | 84.1% | +0.7 pp |
| 2018 | 83.4% | −3.0 pp |
| 2017 | 86.4% | +0.9 pp |
| 2016 | 85.6% | +2.2 pp |
| 2015 | 83.3% | +2.8 pp |
| 2014 | 80.5% | +4.7 pp |
| 2013 | 75.8% | +6.5 pp |
| 2012 | 69.4% | +4.7 pp |
| 2011 | 64.7% | −2.3 pp |
| 2010 | 67% | +2.4 pp |
| 2009 | 64.5% | +2.0 pp |
| 2008 | 62.5% | −2.0 pp |
| 2007 | 64.5% | +4.0 pp |
| 2006 | 60.5% | +8.4 pp |
| 2005 | 52% | +2.5 pp |
| 2004 | 49.6% | — |
Frequently asked questions
What is the latest figure for outstanding bank deposits in Cape Verde?
Outstanding bank deposits in Cape Verde stood at 84.3% of GDP in 2024, according to IMF Financial Access Survey data.
When did bank deposits in Cape Verde peak?
The highest value in the available series was 106.9% of GDP in 2020; the latest (2024) value is 84.3% of GDP.
How recent is the bank deposits data for Cape Verde?
The most recent observation is from 2024. IMF Financial Access Survey data is reported with a lag, so 2024 is the latest available year for Cape Verde.
Where does the bank deposits data for Cape Verde come from?
The data comes from the IMF Financial Access Survey (indicator OUTD_COMBANK.POGDP). The latest observation for Cape Verde is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: IMF Financial Access Survey, indicator
OUTD_COMBANK.POGDP, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .