Gross external debt, Percent of GDP (Balance of Payments and) in Cape Verde
Cape Verde: Gross external debt, Percent of GDP (Balance of Payments and) was 61.21 in 2027. ▲ Rising
Gross external debt, Percent of GDP (Balance of Payments and) in Cape Verde, 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, gross external debt, percent of gdp (balance of payments and) in Cape Verde stood at 61.21.
The figure is down 8.3% on the previous year and down 31.4% over ten years.
Over the whole period, gross external debt, percent of gdp (balance of payments and) in Cape Verde peaked at 133.96 in 2020 and was at its lowest, 33.87, in 2008.
That places Cape Verde 6th out of 45 countries with data for 2027, putting it in the top quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Gross external debt, Percent of GDP (Balance of Payments and) in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 40.55 | — |
| 2001 | 37.97 | -6.4% |
| 2002 | 42.82 | +12.8% |
| 2003 | 43.54 | +1.7% |
| 2004 | 41.6 | -4.4% |
| 2005 | 34.67 | -16.7% |
| 2006 | 39.12 | +12.8% |
| 2007 | 39.31 | +0.5% |
| 2008 | 33.87 | -13.8% |
| 2009 | 40.86 | +20.7% |
| 2010 | 46.49 | +13.8% |
| 2011 | 48.03 | +3.3% |
| 2012 | 64.42 | +34.1% |
| 2013 | 74.18 | +15.1% |
| 2014 | 74.23 | +0.1% |
| 2015 | 87.77 | +18.2% |
| 2016 | 82.11 | -6.4% |
| 2017 | 89.17 | +8.6% |
| 2018 | 94.92 | +6.4% |
| 2019 | 94.22 | -0.7% |
| 2020 | 133.96 | +42.2% |
| 2021 | 119.59 | -10.7% |
| 2022 | 106.2 | -11.2% |
| 2023 | 96.96 | -8.7% |
| 2024 | 87.23 | -10.0% |
| 2025 | 75.59 | -13.3% |
| 2026 | 66.72 | -11.7% |
| 2027 | 61.21 | -8.3% |
Cape Verde compared with similar countries
- Cape Verde's 61.21 is above the median for Sub-Saharan Africa, which is 26.53, 2.3× the median. (45 countries reporting)
- Cape Verde's 61.21 is above the median for upper middle income countries, which is 17.49, 3.5× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.43 | 33.87 | 43.54 | 10 |
| 2010s | 75.55 | 46.49 | 94.92 | 10 |
| 2020s | 93.43 | 61.21 | 133.96 | 8 |
Countries ranked near Cape Verde
More external debt data for Cape Verde
- IFC, private nonguaranteed 925,051 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 1.76 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0003 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 6,183 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 4.8% (2024)
- Net financial flows, IDA 36.40 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 69.35 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0134 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD -1.74 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 10.7% (2024)
Frequently asked questions
- What is gross external debt, percent of gdp (balance of payments and) in Cape Verde?
- Gross external debt, percent of gdp (balance of payments and) in Cape Verde was 61.21 in 2027, according to International Monetary Fund.
- What is the highest gross external debt, percent of gdp (balance of payments and) recorded in Cape Verde?
- The highest recorded value was 133.96 in 2020.
- What is the lowest gross external debt, percent of gdp (balance of payments and) recorded in Cape Verde?
- The lowest recorded value was 33.87 in 2008.
- How does Cape Verde rank for gross external debt, percent of gdp (balance of payments and)?
- Cape Verde ranks 6th out of 45 countries with data for 2027.
- Is gross external debt, percent of gdp (balance of payments and) rising or falling in Cape Verde?
- Over the last ten years it is down 31.4%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from International Monetary Fund, published as part of Gross external debt, Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.