Current account balance in Cape Verde
Cape Verde: Current account balance was -16.5% in 2011. ▼ Falling
Current account balance in Cape Verde, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in % of GNP.
Analysis
Cape Verde recorded -16.5% for current account balance in 2011. That is the lowest value across all 7 years on record.
That represents a change of down 20.7% on the previous year and down 279.7% over ten years.
That places Cape Verde 32nd out of 41 countries with data for 2011, putting it in the bottom quarter.
Current account balance in Cape Verde, year by year
| Year | % of GNP | Change |
|---|---|---|
| 2005 | -4.3% | — |
| 2006 | -7.8% | +79.6% |
| 2007 | -15.3% | +96.0% |
| 2008 | -13.6% | -11.1% |
| 2009 | -15.9% | +17.2% |
| 2010 | -13.6% | -14.2% |
| 2011 | -16.5% | +20.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -11.4% | -15.9% | -4.3% | 5 |
| 2010s | -15.0% | -16.5% | -13.6% | 2 |
Countries ranked near Cape Verde
More trade data for Cape Verde
- Commodity Net Export Price Index, Individual Commodities Weighted by 143.03 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 105.86 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 100.47 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 124.68 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 94.91 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 69.35 (2025)
- Imports of low carbon technology products, Percent of GDP 1.16 (2024)
- Imports of low carbon technology products, US dollar (World), per 60.19 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0116 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 1.31 million (2023)
Frequently asked questions
- What is current account balance in Cape Verde?
- Current account balance in Cape Verde was -16.5% in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest current account balance recorded in Cape Verde?
- The highest recorded value was -4.3% in 2005.
- What is the lowest current account balance recorded in Cape Verde?
- The lowest recorded value was -16.5% in 2011.
- How does Cape Verde rank for current account balance?
- Cape Verde ranks 32nd out of 41 countries with data for 2011.
- Is current account balance rising or falling in Cape Verde?
- Over the last ten years it is down 279.7%. The long-run trend across the full record is falling.
- Where does this Cape Verde data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Current account balance (% of GNP). Statizoid updates them automatically from the source API.
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About this data
Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars. Data are divided by GNP at market prices in U.S. dollars to facilitate comparison across economies.