Cabo Verde Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Cabo Verde's current account balance was -0.87% in 2025, ranked 74th globally. This represents a 122.3% decrease from 2024. Data from World Bank, covering 1980–2025.
Overview
Cabo Verde's current account balance stood at -0.87% in 2025, a decline of +4.78% from 2024. The IMF projects -0.87% by 2025. Cabo Verde ranked 74th globally.
Cabo Verde’s current‑account balance has swung dramatically over the 46‑year series, moving from a surplus of 3.04 % of GDP in 1980 to a deep deficit of –15.68 % in 2020, the all‑time trough recorded during the pandemic‑induced contraction of external demand. After that nadir, the balance rebounded sharply, reaching an all‑time peak of 3.91 % in 2024 as tourism revenues recovered and remittance inflows strengthened, before slipping modestly to –0.87 % in 2025, placing the country at rank 74 globally. This 2025 figure is close to the current‑account positions of peers such as El Salvador (–0.80 %) and the Federated States of Micronesia (–0.89 %). The modest deficit reflects a still‑fragile export base and reliance on external financing, but the recent upward swing suggests that continued tourism growth and diversification of services could further improve the balance, keeping the trajectory toward modest surpluses if global demand remains stable.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -3.38% | - | - |
| 2029* IMF | -3.39% | - | - |
| 2028* IMF | -3.38% | - | - |
| 2027* IMF | -3.13% | - | - |
| 2026* IMF | -2.33% | - | - |
| 2025* IMF | -0.87% | - | - |
| 2025 | -0.87% | −4.78% | #74 |
| 2024 | 3.91% | +6.59% | #147 |
| 2023 | -2.77% | +0.77% | #80 |
| 2022 | -3.48% | +8.64% | #90 |
| 2021 | -12.21% | +3.14% | #24 |
| 2020 | -15.68% | −15.88% | #18 |
| 2019 | -0.97% | +3.80% | #111 |
| 2018 | -4.40% | +2.55% | #65 |
| 2017 | -6.99% | −3.55% | #45 |
| 2016 | -3.47% | −0.57% | #89 |
| 2015 | -2.89% | +5.38% | #94 |
| 2014 | -8.27% | −3.83% | #38 |
| 2013 | -5.29% | +6.17% | #72 |
| 2012 | -12.73% | +2.12% | #28 |
| 2011 | -14.88% | −3.55% | #17 |
Detected Pattern
Analysis
Cabo Verde matched the Stagflation Risk pattern in 1991. Historically, 38% of countries showing this pattern (117 out of 307) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Cabo Verde's current account balance was -0.87% in 2025. Ranked 74th globally. This represents a 122.3% decrease from the previous year.
Cabo Verde's current account balance peaked at 3.91% in 2024.
The lowest current account balance in Cabo Verde was -15.68% in 2020.
Cabo Verde ranks 74th globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Cabo Verde's current account balance is projected to reach -0.87% by 2025 based on IMF projection.
The current account balance of Cabo Verde in 2025 was -0.87%. This ranks 74th in the world.
Cite this page
@misc{historysaid_cabo-verde_current-account,
title = {Cabo Verde Current Account Balance},
url = {https://historysaid.com/cabo-verde/current-account/},
publisher = {HistorySaid},
year = {2026}
}