Cabo Verde Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Cabo Verde's domestic credit was 63.68% in 2025, ranked 24th globally. This represents a 8.6% decrease from 2024. Data from World Bank, covering 2012–2025.
Overview
Cabo Verde's domestic credit stood at 63.68% in 2025, a decline of +6.02% from 2024. Based on recent trends, this figure is projected to reach 63.68% by 2025. Cabo Verde ranked 24th globally.
Domestic credit in Cabo Verde has fallen sharply over the 14‑year series, slipping from 76.47 in 2012 to a trough of 63.68 in 2025, which also ranks the country 24th globally. The indicator reached its all‑time high of 91.04 in 2020, a level that briefly placed Cabo Verde among the more credit‑rich economies before the subsequent decline. By 2025 the country’s domestic credit is almost identical to that of Kosovo (63.28) and only marginally below Uruguay’s 64.08, suggesting a convergence with peers that maintain modest financing environments. The downward trajectory reflects tighter credit conditions, possibly linked to fiscal consolidation and a cautious banking sector after the pandemic‑induced surge. If monetary policy remains restrictive and external shocks persist, the current low level may endure; however, a shift toward accommodative financing and structural reforms could reignite growth in domestic credit and reverse the recent trend.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 52.47% | - | - |
| 2026* trend | 58.07% | - | - |
| 2025* trend | 63.68% | - | - |
| 2025 | 63.68% | −6.02% | #24 |
| 2024 | 69.70% | −5.42% | #23 |
| 2023 | 75.11% | −3.01% | #31 |
| 2022 | 78.12% | −10.33% | #33 |
| 2021 | 88.45% | −2.59% | #33 |
| 2020 | 91.04% | +22.37% | #35 |
| 2019 | 68.68% | −6.97% | #32 |
| 2018 | 75.65% | −1.61% | #33 |
| 2017 | 77.26% | +1.48% | #35 |
| 2016 | 75.79% | −1.93% | #33 |
| 2015 | 77.72% | −0.53% | #36 |
| 2014 | 78.25% | +0.81% | #34 |
| 2013 | 77.44% | +0.97% | #33 |
| 2012 | 76.47% | – | #32 |
Detected Pattern
Analysis
Cabo Verde matched the Stagflation Risk pattern in 1991. Historically, 38% of countries showing this pattern (117 out of 307) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Cabo Verde's domestic credit was 63.68% in 2025. Ranked 24th globally. This represents a 8.6% decrease from the previous year.
Cabo Verde's domestic credit peaked at 91.04% in 2020.
The lowest domestic credit in Cabo Verde was 63.68% in 2025.
Cabo Verde ranks 24th globally in domestic credit as of 2025.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
Cabo Verde's domestic credit is projected to reach 63.68% by 2025 based on trend extrapolation.
The domestic credit of Cabo Verde in 2025 was 63.68%. This ranks 24th in the world.
Cite this page
@misc{historysaid_cabo-verde_domestic-credit,
title = {Cabo Verde Domestic Credit},
url = {https://historysaid.com/cabo-verde/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}