Net (assets less liabilities), Net foreign assets (OFCS) (Domestic) in Cape Verde
Cape Verde: Net (assets less liabilities), Net foreign assets (OFCS) (Domestic) was 2.04 billion in 2024. ◆ Volatile
Net (assets less liabilities), Net foreign assets (OFCS) in Cape Verde, 2012–2024
Source: International Monetary Fund.
Analysis
Cape Verde recorded 2.04 billion for net (assets less liabilities), net foreign assets (ofcs) in 2024. That is the highest value across all 13 years on record.
The figure is up 3.9% on the previous year and up 145.2% over ten years.
Over the whole period, net (assets less liabilities), net foreign assets (ofcs) in Cape Verde peaked at 2.04 billion in 2024 and was at its lowest, -6.28 billion, in 2019.
That places Cape Verde 34th out of 66 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net (assets less liabilities), Net foreign assets (OFCS) (Domestic) in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 2012 | -4.67 billion | — |
| 2013 | -5.89 billion | +26.3% |
| 2014 | -4.52 billion | -23.3% |
| 2015 | -4.61 billion | +1.9% |
| 2016 | -4.80 billion | +4.2% |
| 2017 | -5.21 billion | +8.4% |
| 2018 | -5.43 billion | +4.4% |
| 2019 | -6.28 billion | +15.6% |
| 2020 | 1.60 billion | -125.5% |
| 2021 | 1.52 billion | -5.4% |
| 2022 | 1.80 billion | +18.7% |
| 2023 | 1.97 billion | +9.4% |
| 2024 | 2.04 billion | +3.9% |
Cape Verde compared with similar countries
- Cape Verde's 2.04 billion is above the median for upper middle income countries, which is 1.24 billion, 1.6× the median. (27 countries reporting)
- Cape Verde's 2.04 billion is below the median for Sub-Saharan Africa, which is 71.30 billion, 3% of the median. (12 countries reporting)
Biggest year-on-year movements
Years where Net (assets less liabilities), Net foreign assets (OFCS) (Domestic) 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 |
|---|---|---|---|
| 2020 | +125.5% | -6.28 billion | 1.60 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -5.18 billion | -6.28 billion | -4.52 billion | 8 |
| 2020s | 1.79 billion | 1.52 billion | 2.04 billion | 5 |
Countries ranked near Cape Verde
More external debt data for Cape Verde
- Net financial flows, IBRD 176,000 NFL, current US$ (2025)
- 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)
- 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, IDA (NFL, current US$), per square kilometre 12,385 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 145.36 million DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 2.00 billion DOD, current US$ (2025)
- External debt stocks, long-term 2.00 billion DOD, current US$ (2025)
Frequently asked questions
- What is net (assets less liabilities), net foreign assets (ofcs) in Cape Verde?
- Net (assets less liabilities), net foreign assets (ofcs) in Cape Verde was 2.04 billion in 2024, according to International Monetary Fund.
- What is the highest net (assets less liabilities), net foreign assets (ofcs) recorded in Cape Verde?
- The highest recorded value was 2.04 billion in 2024.
- What is the lowest net (assets less liabilities), net foreign assets (ofcs) recorded in Cape Verde?
- The lowest recorded value was -6.28 billion in 2019.
- How does Cape Verde rank for net (assets less liabilities), net foreign assets (ofcs)?
- Cape Verde ranks 34th out of 66 countries with data for 2024.
- Is net (assets less liabilities), net foreign assets (ofcs) rising or falling in Cape Verde?
- Over the last ten years it is up 145.2%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from International Monetary Fund, published as part of Net (assets less liabilities), Net foreign assets (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.