Business Bank Credit Access Statistics in Cape Verde (2026)
In 2024, 19.4% of firms in Cape Verde had a bank loan or line of credit, according to World Bank World Development Indicators data. Down from 41.5% in 2009 to 19.4% in 2024 (−22.1 percentage points). Cape Verde ranks #23 of 45 economies in Sub-Saharan Africa on this measure, and #107 of 145 globally.
Key Statistics
- Latest value (2024)
- 19.4% (2024)
- Business Bank Credit Access in Cape Verde as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2009
- −22.1 pp (2024)
- Down from 41.5% in 2009 to 19.4% in 2024 (−22.1 percentage points).
- Peak value (2009)
- 41.5% (2009)
- Highest value in the available series; the 2024 value is 19.4%.
- Rank in Sub-Saharan Africa
- #23 of 45 (2024)
- Cape Verde ranks 23 of 45 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #107 of 145 (2024)
- Cape Verde ranks 107 of 145 countries with data globally.
- Sub-Saharan Africa average
- 23% (2024)
- Cape Verde (19.4%) is below the average of 23% across the 45 countries in Sub-Saharan Africa with data.
- Firms using banks to finance working capital (% of firms) (2024)
- 19.9% (2024)
- Related indicator from World Bank World Development Indicators.
- Firms using banks to finance investment (% of firms) (2024)
- 13.5% (2024)
- Related indicator from World Bank World Development Indicators.
- 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, 2009–2024
| Year | % of firms | Change |
|---|---|---|
| 2024 | 19.4% | −22.1 pp |
| 2009 | 41.5% | — |
Frequently asked questions
What share of firms in Cape Verde had a bank loan or line of credit?
19.4% of firms in Cape Verde had a bank loan or line of credit in 2024, according to World Bank World Development Indicators data.
When did business bank credit access in Cape Verde peak?
The highest value in the available series was 41.5% in 2009; the latest (2024) value is 19.4%.
How recent is the business bank credit access data for Cape Verde?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for Cape Verde.
Where does the business bank credit access data for Cape Verde come from?
The data comes from the World Bank World Development Indicators (indicator IC.FRM.BNKL.ZS). The latest observation for Cape Verde is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BNKL.ZS, 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 .