Migrant remittance inflows in Cape Verde
Cape Verde: Migrant remittance inflows was 9.4% in 2011. ▼ Falling
Migrant remittance inflows in Cape Verde, 1980–2011
Source: World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008, and World Bank and OECD GDP estimates. Measured in % of GDP.
Analysis
Cape Verde recorded 9.4% for migrant remittance inflows in 2011.
That represents a change of up 17.1% on the previous year and down 34.9% over ten years.
Over the whole period, migrant remittance inflows in Cape Verde peaked at 28.2% in 1980 and was at its lowest, 8.0%, in 2010.
That places Cape Verde 5th out of 50 countries with data for 2011, putting it in the top 10%.
The long-run direction has been consistently falling across the 32 years of available data.
Migrant remittance inflows in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 28.2% | — |
| 1981 | 22.7% | -19.6% |
| 1982 | 18.4% | -18.9% |
| 1983 | 14.8% | -19.3% |
| 1984 | 15.6% | +5.2% |
| 1985 | 15.1% | -3.5% |
| 1986 | 14.5% | -4.1% |
| 1987 | 15.5% | +7.1% |
| 1988 | 16.2% | +4.4% |
| 1989 | 17.8% | +10.3% |
| 1990 | 19.3% | +8.0% |
| 1991 | 19.5% | +1.2% |
| 1992 | 21.3% | +9.1% |
| 1993 | 15.6% | -26.7% |
| 1994 | 21.0% | +34.8% |
| 1995 | 21.7% | +3.4% |
| 1996 | 20.0% | -8.0% |
| 1997 | 15.6% | -22.1% |
| 1998 | 14.1% | -9.3% |
| 1999 | 13.4% | -5.5% |
| 2000 | 16.1% | +20.7% |
| 2001 | 14.4% | -10.8% |
| 2002 | 13.7% | -4.7% |
| 2003 | 13.3% | -2.7% |
| 2004 | 12.3% | -8.0% |
| 2005 | 14.1% | +14.6% |
| 2006 | 12.3% | -12.3% |
| 2007 | 10.4% | -15.4% |
| 2008 | 9.9% | -4.8% |
| 2009 | 8.6% | -13.1% |
| 2010 | 8.0% | -7.4% |
| 2011 | 9.4% | +17.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 17.9% | 14.5% | 28.2% | 10 |
| 1990s | 18.1% | 13.4% | 21.7% | 10 |
| 2000s | 12.5% | 8.6% | 16.1% | 10 |
| 2010s | 8.7% | 8.0% | 9.4% | 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 migrant remittance inflows in Cape Verde?
- Migrant remittance inflows in Cape Verde was 9.4% in 2011, according to World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008, and World Bank and OECD GDP estimates.
- What is the highest migrant remittance inflows recorded in Cape Verde?
- The highest recorded value was 28.2% in 1980.
- What is the lowest migrant remittance inflows recorded in Cape Verde?
- The lowest recorded value was 8.0% in 2010.
- How does Cape Verde rank for migrant remittance inflows?
- Cape Verde ranks 5th out of 50 countries with data for 2011.
- Is migrant remittance inflows rising or falling in Cape Verde?
- Over the last ten years it is down 34.9%. The long-run trend across the full record is falling.
- Where does this Cape Verde data come from?
- The figures come from World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008, and World Bank and OECD GDP estimates, published as part of Migrant remittance inflows (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Migrants’ remittances are defined as the sum of worker’s remittances,