Cabo Verde's adjusted savings, net national savings (current US$) was US$402.43 million in 2021, the latest year in the World Bank's World Development Indicators. That is down 7.71% from US$436.05 million in 2011 (0.8% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$402.43 million | 2021 |
| Five years earlier | US$372.58 million | 2016 |
| Ten years earlier | US$436.05 million | 2011 |
| Highest | US$486.21 million | 2019 |
| Lowest | US$282.15 million | 2015 |
| Average since 2012 | US$369.63 million | 2012–2021 |
| First recorded | US$401.62 million |
What the numbers say
In 2021, Cabo Verde's adjusted savings, net national savings (current US$) rose 4.4% on 2020 (from US$385.38 million to US$402.43 million).
Across the 13 yearly changes before that (2008 to 2020), the average change was +1.3% and a typical year strayed about 18.6% from that (the standard deviation). This year's change was 0.2 standard deviations above 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 32.1% in 2016 and the biggest yearly fall was 27.4% 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 US$15.69 million 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 104th highest value of the 132 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
- Albania — 101st of 132: US$457.58 million
- Botswana — 102nd of 132: US$434.8 million
- Gambia, The — 103rd of 132: US$406.38 million
- Madagascar — 105th of 132: US$385.41 million
- Vanuatu — 106th of 132: US$385.01 million
- Montenegro — 107th of 132: US$303.44 million
What this measures
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 15 values
| Year | Adjusted savings, net national savings (current US$) |
|---|---|
| 2021 | 402,433,324 |
| 2020 | 385,375,491 |
| 2019 | 486,210,368 |
| 2018 | 464,808,305 |
| 2017 | 353,353,478 |
| 2016 | 372,579,216 |
| 2015 | 282,147,353 |
| 2014 | 293,925,484 |
| 2013 | 338,892,224 |
| 2012 | 316,540,099 |
Adjusted savings, net national savings (current US$) in nearby economies
- Angola — US$22.01 billion (2021)
- Benin — US$1.68 billion (2020)
- Botswana — US$434.8 million (2021)
- Burkina Faso — US$1.53 billion (2019)
- Burundi — −US$226.97 million (2018)
- Cameroon — US$1.35 billion (2021)
- Comoros — US$88.76 million (2021)
- Congo, Dem. Rep. — US$10.99 billion (2021)
- Congo, Rep. — −US$938.81 million (2020)
- Côte d'Ivoire
More economic policy & debt data for Cabo Verde
- Grants, excluding technical cooperation (BoP, current US$) — 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$194.72 (2023)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is Cabo Verde's adjusted savings, net national savings (current US$)?
- US$402.43 million in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 0.2% from US$401.62 million in 2007. The highest value was US$486.21 million in 2019 and the lowest US$282.15 million in 2015.
- How does Cabo Verde rank?
- 104th highest of 132 economies with data for 2021.
- Is the latest change in adjusted savings, net national savings (current US$) unusual for Cabo Verde?
- In 2021, Cabo Verde's adjusted savings, net national savings (current US$) rose 4.4% on 2020 (from US$385.38 million to US$402.43 million). Across the 13 yearly changes before that (2008 to 2020), the average change was +1.3% and a typical year strayed about 18.6% from that (the standard deviation). This year's change was 0.2 standard deviations above 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.NNAT.CD, 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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