Cabo Verde: Adjusted net savings, including particulate emission damage (% of GNI)

Key figures

What the numbers say

In 2021, Cabo Verde's adjusted net savings, including particulate emission damage (% of GNI) fell 2.1 percentage points on 2020 (from 25.85% to 23.75%).

Across the 13 yearly changes before that (2008 to 2020), the average change was −0.27 percentage points and a typical year strayed about 2.73 percentage points from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 4.75 percentage points in 2016 and the biggest yearly fall was 4.94 percentage points in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about 0.65 percentage points a year. A straight line explains 49% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Cabo Verde had the 9th highest value of the 116 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cabo Verde in the 2021 ranking

• Nepal — 5th of 116: 24.42%
• Mauritania — 6th of 116: 24.26%
• Brunei Darussalam — 7th of 116: 23.99%
• Dominican Republic — 9th of 116: 21.58%
• Morocco — 10th of 116: 21.48%
• Denmark — 11th of 116: 20.43%

What this measures

Adjusted net savings are equal to net national savings plus education expenditure and minus energy depletion, mineral depletion, net forest depletion, and carbon dioxide and particulate emissions damage. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.

Limitations: The exercise treats public education expenditures as an addition to savings. However, because of the wide variability in the effectiveness of public education expenditures, these figures cannot be construed as the value of investments in human capital. A current expenditure of $1 on education does not necessarily yield $1 of human capital. The calculation should also consider private education expenditure, but data are not available for a large number of countries. While extensive, the accounting of natural resource depletion and pollution costs still has some gaps.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 15 values

Adjusted net savings, including particulate emission damage (% of GNI) in nearby economies

• Angola — 13.4% (2021)
• Benin — 9.41% (2020)
• Botswana — 8.5% (2021)
• Burkina Faso — 7.61% (2019)
• Burundi — -19.76% (2018)
• Cameroon — -1.61% (2021)
• Comoros — 5.41% (2021)
• Congo, Dem. Rep. — -11.19% (2021)
• Congo, Rep.

More economic policy & debt data for Cabo Verde

• Grants, excluding technical cooperation (BoP, current US$) — US$42.27 million (2023)
• Net bilateral aid flows from DAC donors, Total (current US$) — US$33.96 million (2023)
• Net official development assistance and official aid received (current US$) — US$101.71 million (2023)
• Net official development assistance and official aid received (constant 2023 US$) — US$101.71 million (2023)
• Net official development assistance received (current US$) — US$101.71 million (2023)
• Net official development assistance received (constant 2023 US$) — US$101.71 million (2023)
• Net ODA received per capita (current US$) — US$194.72 (2023)
• Adjusted savings, education expenditure (% of GNI)

Reading data like this

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Questions people ask

What is Cabo Verde's adjusted net savings, including particulate emission damage (% of GNI)?

23.75% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2007?

It is down 5.65 percentage points from 29.4% in 2007. The highest value was 29.4% in 2007 and the lowest 19.53% in 2014.

How does Cabo Verde rank?

9th highest of 116 economies with data for 2021.

Is the latest change in adjusted net savings, including particulate emission damage (% of GNI) unusual for Cabo Verde?

In 2021, Cabo Verde's adjusted net savings, including particulate emission damage (% of GNI) fell 2.1 percentage points on 2020 (from 25.85% to 23.75%). Across the 13 yearly changes before that (2008 to 2020), the average change was −0.27 percentage points and a typical year strayed about 2.73 percentage points from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.ADJ.SVNG.GN.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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