Migrant remittance outflows in Cape Verde
Cape Verde: Migrant remittance outflows was 8.15 million current US$ in 2011. ◆ Volatile
Migrant remittance outflows in Cape Verde, 1986–2011
Source: World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008. Measured in current US$.
Analysis
Cape Verde recorded 8.15 million current US$ for migrant remittance outflows in 2011.
The figure is up 5.1% on the previous year and up 2,784.4% over ten years.
Over the whole period, migrant remittance outflows in Cape Verde peaked at 11.97 million current US$ in 2004 and was at its lowest, 282,701 current US$, in 2001.
That places Cape Verde 42nd out of 49 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Migrant remittance outflows in Cape Verde, year by year
| Year | current US$ | Change |
|---|---|---|
| 1986 | 1.08 million current US$ | — |
| 1987 | 1.43 million current US$ | +32.4% |
| 1988 | 2.28 million current US$ | +59.6% |
| 1989 | 1.80 million current US$ | -21.3% |
| 1990 | 1.83 million current US$ | +1.8% |
| 1991 | 3.05 million current US$ | +66.6% |
| 1992 | 4.72 million current US$ | +54.7% |
| 1993 | 3.67 million current US$ | -22.2% |
| 1994 | 2.75 million current US$ | -25.1% |
| 1995 | 5.17 million current US$ | +88.1% |
| 1996 | 3.48 million current US$ | -32.6% |
| 1997 | 5.24 million current US$ | +50.5% |
| 1998 | 412,552 current US$ | -92.1% |
| 1999 | 469,194 current US$ | +13.7% |
| 2000 | 462,972 current US$ | -1.3% |
| 2001 | 282,701 current US$ | -38.9% |
| 2002 | 1.52 million current US$ | +438.6% |
| 2003 | 7.20 million current US$ | +372.7% |
| 2004 | 11.97 million current US$ | +66.3% |
| 2005 | 5.17 million current US$ | -56.8% |
| 2006 | 5.72 million current US$ | +10.7% |
| 2007 | 6.03 million current US$ | +5.4% |
| 2008 | 10.01 million current US$ | +66.2% |
| 2009 | 11.83 million current US$ | +18.2% |
| 2010 | 7.76 million current US$ | -34.4% |
| 2011 | 8.15 million current US$ | +5.1% |
Cape Verde compared with similar countries
- Cape Verde's 8.15 million current US$ is below the median for upper middle income countries, which is 96.44 million current US$, 8% of the median. (7 countries reporting)
- Cape Verde's 8.15 million current US$ is below the median for Sub-Saharan Africa, which is 30.76 million current US$, 27% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Migrant remittance outflows in Cape Verde changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +438.6% | 282,701 current US$ | 1.52 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.65 million current US$ | 1.08 million current US$ | 2.28 million current US$ | 4 |
| 1990s | 3.08 million current US$ | 412,552 current US$ | 5.24 million current US$ | 10 |
| 2000s | 6.02 million current US$ | 282,701 current US$ | 11.97 million current US$ | 10 |
| 2010s | 7.96 million current US$ | 7.76 million current US$ | 8.15 million current US$ | 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 outflows in Cape Verde?
- Migrant remittance outflows in Cape Verde was 8.15 million current US$ in 2011, according to World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008.
- What is the highest migrant remittance outflows recorded in Cape Verde?
- The highest recorded value was 11.97 million current US$ in 2004.
- What is the lowest migrant remittance outflows recorded in Cape Verde?
- The lowest recorded value was 282,701 current US$ in 2001.
- How does Cape Verde rank for migrant remittance outflows?
- Cape Verde ranks 42nd out of 49 countries with data for 2011.
- Is migrant remittance outflows rising or falling in Cape Verde?
- Over the last ten years it is up 2,784.4%. The long-run trend across the full record is volatile.
- 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, published as part of Migrant remittance outflows (current US$). Statizoid updates them automatically from the source API.
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About this data
Migrants’ remittances are defined as the sum of worker’s remittances,