Cabo Verde: Depositors with commercial banks (per 1,000 adults)

Key figures

What the numbers say

In 2024, Cabo Verde's depositors with commercial banks (per 1,000 adults) fell 7.04 on 2023 (from 1,891 to 1,884).

Across the 19 yearly changes before that (2005 to 2023), the average change was +53.95 and a typical year strayed about 120.9 from that (the standard deviation). This year's change was 0.5 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 243.87 in 2017 and the biggest yearly fall was 160.33 in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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

How it compares

In 2024, Cabo Verde had the 10th highest value of the 74 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 2024 ranking

• Azerbaijan — 7th of 74: 1,949
• Maldives — 8th of 74: 1,936
• Nigeria — 9th of 74: 1,914
• Saudi Arabia — 11th of 74: 1,834
• Moldova — 12th of 74: 1,817
• Colombia — 13th of 74: 1,803

What this measures

Depositors with commercial banks are the reported number of deposit account holders, including both resident non-financial corporations (both public and private) and individuals from the household sector, at commercial banks within the reporting jurisdiction for every 1,000 adults. The major types of deposits are checking accounts, savings accounts, and time deposits.

Limitations: For many countries data cover the total number of deposit accounts due to lack of information on account holders.

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

All 21 values

Depositors with commercial banks (per 1,000 adults) in nearby economies

• Benin — 266.61 (2024)
• Botswana — 850.96 (2024)
• Burkina Faso — 234.52 (2023)
• Burundi — 11.83 (2020)
• Cameroon — 121.45 (2020)
• Chad — 49.02 (2022)
• Comoros — 178.75 (2024)
• Congo, Dem. Rep. — 41.42 (2018)
• Congo, Rep. — 139.07 (2022)
• Côte d'Ivoire

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

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

1,884 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2004?

It is up 117.57% from 865.91 in 2004 (3.96% a year on average, compounded). The highest value was 2,338 in 2019 and the lowest 865.91 in 2004.

How does Cabo Verde rank?

10th highest of 74 economies with data for 2024.

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

In 2024, Cabo Verde's depositors with commercial banks (per 1,000 adults) fell 7.04 on 2023 (from 1,891 to 1,884). Across the 19 yearly changes before that (2005 to 2023), the average change was +53.95 and a typical year strayed about 120.9 from that (the standard deviation). This year's change was 0.5 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 FB.CBK.DPTR.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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.