Lending Interest Rates Statistics in Cape Verde (2026)
In 2024, the average lending interest rate in Cape Verde stood at 7.8%, according to World Bank World Development Indicators data. Up from 7.5% in 2023 to 7.8% in 2024 (+0.3 percentage points). Cape Verde ranks #4 of 27 economies in Sub-Saharan Africa on this measure, and #42 of 112 globally.
Key Statistics
- Latest value (2024)
- 7.8% (2024)
- Lending Interest Rates in Cape Verde as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +0.3 pp (2024)
- Up from 7.5% in 2023 to 7.8% in 2024 (+0.3 percentage points).
- Earliest value in this dataset (2006)
- 10.8% (2006)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 10.8% in 2006 to 7.8% in 2024.
- Peak value (2010)
- 11% (2010)
- Highest value in the available series; the 2024 value is 7.8%.
- Rank in Sub-Saharan Africa (lower is better; rank 1 = lowest)
- #4 of 27 (2024)
- Cape Verde ranks 4 of 27 countries in Sub-Saharan Africa with data, based on each country's latest value. Ranked ascending because lower values are better for this metric.
- Global rank (lower is better; rank 1 = lowest)
- #42 of 112 (2024)
- Cape Verde ranks 42 of 112 countries with data globally. Ranked ascending because lower values are better for this metric.
- Sub-Saharan Africa average
- 18.1% (2024)
- Cape Verde (7.8%) is below the average of 18.1% across the 27 countries in Sub-Saharan Africa with data.
- Risk premium on lending (lending rate minus treasury bill rate, %) (2024)
- 6.6% (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, 2006–2024
| Year | % | Change |
|---|---|---|
| 2024 | 7.8% | +0.3 pp |
| 2023 | 7.5% | −0.3 pp |
| 2022 | 7.8% | +0.2 pp |
| 2021 | 7.6% | −0.6 pp |
| 2020 | 8.2% | −0.9 pp |
| 2019 | 9.1% | +0.2 pp |
| 2018 | 9% | −0.5 pp |
| 2017 | 9.5% | −0.1 pp |
| 2016 | 9.6% | −0.8 pp |
| 2015 | 10.4% | −0.5 pp |
| 2014 | 10.9% | +0.4 pp |
| 2013 | 10.5% | +0.6 pp |
| 2012 | 9.9% | +0.1 pp |
| 2011 | 9.8% | −1.2 pp |
| 2010 | 11% | +0.1 pp |
| 2009 | 11% | +1.0 pp |
| 2008 | 10% | −0.6 pp |
| 2007 | 10.6% | −0.3 pp |
| 2006 | 10.8% | — |
Frequently asked questions
What is the latest figure for average lending interest rate in Cape Verde?
The average lending interest rate in Cape Verde stood at 7.8% in 2024, according to World Bank World Development Indicators data.
Where does the lending interest rates data for Cape Verde come from?
The data comes from the World Bank World Development Indicators (indicator FR.INR.LEND). The latest observation for Cape Verde is from 2024; the snapshot was retrieved on 2026-06-10.
How has lending interest rates in Cape Verde changed over time?
World Bank World Development Indicators data show a decline from 10.8% in 2006 to 7.8% in 2024.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FR.INR.LEND, 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 .