Liabilities, Insurance Technical Reserves (OFCS) in Cabo Verde
Cabo Verde: Liabilities, Insurance Technical Reserves (OFCS) was 8.71 billion in 2024. β² Rising
Liabilities, Insurance Technical Reserves (OFCS) in Cabo Verde, 2012β2024
Source: International Monetary Fund.
Analysis
In 2024, liabilities, insurance technical reserves (ofcs) in Cabo Verde stood at 8.71 billion. That is the highest value across all 13 years on record.
The figure is up 6.3% on the previous year and up 117.4% over ten years.
Over the whole period, liabilities, insurance technical reserves (ofcs) in Cabo Verde peaked at 8.71 billion in 2024 and was at its lowest, 3.96 billion, in 2012.
Cabo Verde ranks 46th of 65 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.57 billion | 3.96 billion | 5.66 billion | 8 |
| 2020s | 7.20 billion | 5.72 billion | 8.71 billion | 5 |
Countries ranked near Cabo Verde
More external debt data for Cabo 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 liabilities, insurance technical reserves (ofcs) in Cabo Verde?
- Liabilities, insurance technical reserves (ofcs) in Cabo Verde was 8.71 billion in 2024, according to International Monetary Fund.
- What is the highest liabilities, insurance technical reserves (ofcs) recorded in Cabo Verde?
- The highest recorded value was 8.71 billion in 2024.
- What is the lowest liabilities, insurance technical reserves (ofcs) recorded in Cabo Verde?
- The lowest recorded value was 3.96 billion in 2012.
- How does Cabo Verde rank for liabilities, insurance technical reserves (ofcs)?
- Cabo Verde ranks 46th out of 65 countries with data for 2024.
- Is liabilities, insurance technical reserves (ofcs) rising or falling in Cabo Verde?
- Over the last ten years it is up 117.4%. The long-run trend across the full record is rising.
- Where does this Cabo Verde data come from?
- The figures come from International Monetary Fund, published as part of Liabilities, Insurance Technical Reserves (OFCS) (Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Other Financial Corporations (OFCs) dataset presents the balance sheet of OFCs highlighting their financial linkages with other economic sectors and nonresidents.