Cabo Verde Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Cabo Verde's credit to gdp was 59.92% in 2025, ranked 47th globally. This represents a 6.4% increase from 2024. Data from World Bank, covering 1980–2025.
Overview
Cabo Verde's credit to gdp stood at 59.92% in 2025, a rise of +3.59% from 2023. Based on recent trends, this figure is projected to reach 59.92% by 2025. Cabo Verde ranked 47th globally.
Cabo Verde’s credit to GDP ratio has risen markedly over the 45‑year series, climbing from an all‑time trough of 11.98 in 1980 to a peak of 68.46 in 2020 before slipping slightly to 59.92 in 2025, placing the country 47th globally. The steep ascent reflects expanding access to formal financing as the economy diversified beyond its traditional reliance on tourism and remittances, while the modest post‑peak decline coincides with tighter credit conditions worldwide after the pandemic. Cabo Verde’s 2025 figure is comparable to peers such as Tunisia (59.53) and Mauritius (60.55), suggesting a similar credit environment in the region. The upward trajectory since the 1980s indicates a deepening financial sector, yet future movements will hinge on fiscal policy, external debt sustainability, and the resilience of key growth sectors; sustained reforms could keep the ratio on an upward path, whereas a slowdown in credit growth would likely reverse the trend.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 59.80% | - | - |
| 2025* trend | 59.92% | - | - |
| 2025 | 59.92% | +3.59% | #47 |
| 2023 | 56.33% | −1.59% | #97 |
| 2022 | 57.92% | −9.64% | #105 |
| 2021 | 67.56% | −0.89% | #114 |
| 2020 | 68.46% | +16.82% | #114 |
| 2019 | 51.64% | −2.02% | #107 |
| 2018 | 53.66% | −1.76% | #107 |
| 2017 | 55.42% | +0.32% | #112 |
| 2016 | 55.10% | −1.31% | #112 |
| 2015 | 56.41% | −1.24% | #116 |
| 2014 | 57.65% | −0.89% | #116 |
| 2013 | 58.54% | −0.03% | #115 |
| 2012 | 58.57% | −1.37% | #117 |
| 2011 | 59.93% | +3.46% | #119 |
| 2010 | 56.47% | +3.34% | #110 |
Detected Pattern
Analysis
Cabo Verde matched the Stagflation Risk pattern in 1991. Historically, 38% of countries showing this pattern (117 out of 307) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Cabo Verde's credit to gdp was 59.92% in 2025. Ranked 47th globally. This represents a 6.4% increase from the previous year.
Cabo Verde's credit to gdp peaked at 68.46% in 2020.
The lowest credit to gdp in Cabo Verde was 11.98% in 1980.
Cabo Verde ranks 47th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Cabo Verde's credit to gdp is projected to reach 59.92% by 2025 based on trend extrapolation.
The credit to gdp of Cabo Verde in 2025 was 59.92%. This ranks 47th in the world.
Cite this page
@misc{historysaid_cabo-verde_credit-to-gdp,
title = {Cabo Verde Credit to GDP},
url = {https://historysaid.com/cabo-verde/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}