Cabo Verde: Borrowers from commercial banks (per 1,000 adults)

Key figures

What the numbers say

In 2022, Cabo Verde's borrowers from commercial banks (per 1,000 adults) fell 18.66 on 2021 (from 227.41 to 208.75).

Across the 17 yearly changes before that (2005 to 2021), the average change was +8.65 and a typical year strayed about 14.92 from that (the standard deviation). This year's change was 1.8 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 49.43 in 2014 and the biggest yearly fall was 19.11 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 2013 to 2022 the straight-line trend is upward, about 11.13 a year. A straight line explains 75% 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

See how every economy compares in the full ranking.

Closest to Cabo Verde in the 2022 ranking

• Equatorial Guinea — 2nd of 4: 63.84
• Congo, Rep. — 3rd of 4: 61.25
• Chad — 4th of 4: 7.96

What this measures

Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.

Limitations: For many countries data cover the total number of loan accounts due to lack of information on loan account holders. For several countries, data cover all borrowers including commercial banks, credit unions and financial cooperatives, deposit taking microfinance institutions, and other deposit takers. These include all resident financial corporations and quasi-corporations (except the central bank) that are mainly engaged in financial intermediation and that issue liabilities included in the national definition of broad money.

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

All 19 values

Borrowers from commercial banks (per 1,000 adults) in nearby economies

• Botswana — 196.25 (2024)
• Burundi — 19.59 (2020)
• Cameroon — 37.97 (2020)
• Chad — 7.96 (2022)
• Comoros — 24.09 (2024)
• Congo, Dem. Rep. — 9.04 (2018)
• Congo, Rep. — 61.25 (2022)
• Equatorial Guinea — 63.84 (2022)
• Eswatini — 1,057 (2024)
• Ghana

More financial sector data for Cabo Verde

• DEC alternative conversion factor (LCU per US$) — US$97.86 (2025)
• Official exchange rate (LCU per US$, period average) — US$97.86 (2025)
• Net domestic credit (current LCU) — 195.38 billion (2025)
• Net foreign assets (current LCU) — 118.67 billion (2025)
• Broad money (current LCU) — 281.73 billion (2025)
• Broad money to total reserves ratio — 2.29 (2025)
• Claims on central government (annual growth as % of broad money) — -2.63% (2025)
• Claims on private sector (annual growth as % of broad money) — 4.11% (2025)
• Broad money (annual % growth) — 9.22% (2025)

Reading data like this

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Questions people ask

What is Cabo Verde's borrowers from commercial banks (per 1,000 adults)?

208.75 in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2004?

It is up 159.7% from 80.38 in 2004 (5.45% a year on average, compounded). The highest value was 232.94 in 2020 and the lowest 80.38 in 2004.

Is the latest change in borrowers from commercial banks (per 1,000 adults) unusual for Cabo Verde?

In 2022, Cabo Verde's borrowers from commercial banks (per 1,000 adults) fell 18.66 on 2021 (from 227.41 to 208.75). Across the 17 yearly changes before that (2005 to 2021), the average change was +8.65 and a typical year strayed about 14.92 from that (the standard deviation). This year's change was 1.8 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Financial Access Survey, International Monetary Fund (IMF), uri: https://data.imf.org/en/datasets/IMF.STA:FAS.

Source

World Bank, World Development Indicators, indicator FB.CBK.BRWR.P3, licensed CC BY 4.0. Original source: Financial Access Survey, International Monetary Fund (IMF), uri: https://data.imf.org/en/datasets/IMF.STA:FAS 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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