Workers' remittances, receipts in Cape Verde
Cape Verde: Workers' remittances, receipts was 9.3% in 2011. ▼ Falling
Workers' remittances, receipts in Cape Verde, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates. Measured in % of GDP.
Analysis
In 2011, workers' remittances, receipts in Cape Verde stood at 9.3%.
Compared with earlier readings it is up 17.7% on the previous year and down 34.1% over ten years.
Cape Verde ranks 4th of 37 countries on this measure, in the top 10%.
Workers' remittances, receipts in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 14.0% | — |
| 2006 | 12.3% | -12.7% |
| 2007 | 10.4% | -15.2% |
| 2008 | 9.9% | -5.1% |
| 2009 | 8.5% | -13.7% |
| 2010 | 7.9% | -7.7% |
| 2011 | 9.3% | +17.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.0% | 8.5% | 14.0% | 5 |
| 2010s | 8.6% | 7.9% | 9.3% | 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 workers' remittances, receipts in Cape Verde?
- Workers' remittances, receipts in Cape Verde was 9.3% in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
- What is the highest workers' remittances, receipts recorded in Cape Verde?
- The highest recorded value was 14.0% in 2005.
- What is the lowest workers' remittances, receipts recorded in Cape Verde?
- The lowest recorded value was 7.9% in 2010.
- How does Cape Verde rank for workers' remittances, receipts?
- Cape Verde ranks 4th out of 37 countries with data for 2011.
- Is workers' remittances, receipts rising or falling in Cape Verde?
- Over the last ten years it is down 34.1%. 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, and World Bank and OECD GDP estimates, published as part of Workers' remittances, receipts (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances are current transfers by migrants who are employed or intend to remain employed for more than a year in another economy in which they are considered residents. Some developing countries classify workers' remittances as a factor income receipt (and thus as a component of GNI). The World Bank adheres to international guidelines in defining GNI, and its classification of workers' remittances may therefore differ from national practices. This item shows receipts by the reporting country. Data are in current U.S. dollars.