Net current transfers (% of GDP) in Cape Verde
Cape Verde: Net current transfers (% of GDP) was 18.9% in 2011. ▼ Falling
Net current transfers in Cape Verde, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank GDP estimates are used for the denominator. Measured in % of GDP.
Analysis
In 2011, net current transfers in Cape Verde stood at 18.9%. That is the lowest value across all 7 years on record.
That represents a change of down 8.0% on the previous year and down 34.7% over ten years.
That places Cape Verde 3rd out of 41 countries with data for 2011, putting it in the top 10%.
Net current transfers (% of GDP) in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 28.9% | — |
| 2006 | 26.1% | -9.7% |
| 2007 | 22.6% | -13.3% |
| 2008 | 20.2% | -10.9% |
| 2009 | 19.5% | -3.4% |
| 2010 | 20.5% | +5.3% |
| 2011 | 18.9% | -8.0% |
Cape Verde compared with similar countries
- Cape Verde's 18.9% is above the median for upper middle income countries, which is 1.3%, 14.7× the median. (6 countries reporting)
- Cape Verde's 18.9% is above the median for Sub-Saharan Africa, which is 7.2%, 2.6× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.5% | 19.5% | 28.9% | 5 |
| 2010s | 19.7% | 18.9% | 20.5% | 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 net current transfers in Cape Verde?
- Net current transfers in Cape Verde was 18.9% in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank GDP estimates are used for the denominator.
- What is the highest net current transfers recorded in Cape Verde?
- The highest recorded value was 28.9% in 2005.
- What is the lowest net current transfers recorded in Cape Verde?
- The lowest recorded value was 18.9% in 2011.
- How does Cape Verde rank for net current transfers?
- Cape Verde ranks 3rd out of 41 countries with data for 2011.
- Is net current transfers rising or falling in Cape Verde?
- Over the last ten years it is down 34.7%. 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. World Bank GDP estimates are used for the denominator, published as part of Net current transfers (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.