Cabo Verde's external debt stocks, total (DOD, current US$) was US$2.36 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 27.35% from US$1.85 billion in 2014 (2.45% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$2.36 billion | 2024 |
| Five years earlier | US$2.15 billion | 2019 |
| Ten years earlier | US$1.85 billion | 2014 |
| Highest | US$2.46 billion | 2023 |
| Lowest | US$39.38 million | 1981 |
| Average since 2015 | US$2.21 billion | 2015–2024 |
| First recorded | US$39.38 million |
What the numbers say
In 2024, Cabo Verde's external debt stocks, total (DOD, current US$) fell 4.2% on 2023 (from US$2.46 billion to US$2.36 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +10.5% and a typical year strayed about 12.8% from that (the standard deviation). This year's change was 1.1 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 54.4% in 2012 and the biggest yearly fall was 5.9% in 2014. 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 the straight-line trend is upward, about US$71.83 million a year. A straight line explains 80% 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 2024, Cabo Verde had the 94th highest value of the 118 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.
| Value | Year | |
|---|---|---|
| Cabo Verde | US$2.36 billion | 2024 |
| Upper middle income | US$6.36 trillion | 2024 |
Closest to Cabo Verde in the 2024 ranking
- Chad — 91st of 118: US$3.35 billion
- Afghanistan — 92nd of 118: US$3.34 billion
- Turkmenistan — 93rd of 118: US$3.32 billion
- Sierra Leone — 95th of 118: US$2.33 billion
- Botswana — 96th of 118: US$2.32 billion
- Liberia — 97th of 118: US$2.23 billion
What this measures
Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 44 values
| Year | External debt stocks, total (DOD, current US$) |
|---|---|
| 2024 | 2,359,581,722 |
| 2023 | 2,462,649,635 |
| 2022 | 2,402,574,451 |
| 2021 | 2,456,644,490 |
| 2020 | 2,429,314,534 |
| 2019 | 2,153,271,384 |
| 2018 | 2,090,969,868 |
| 2017 | 2,115,033,204 |
| 2016 | 1,837,379,414 |
| 2015 | 1,841,259,212 |
External debt stocks, total (DOD, current US$) in nearby economies
- Angola — US$58.73 billion (2024)
- Benin — US$14.16 billion (2024)
- Botswana — US$2.32 billion (2024)
- Burkina Faso — US$10.85 billion (2024)
- Burundi — US$1.02 billion (2024)
- Cameroon — US$15.77 billion (2024)
- Central African Republic — US$1.05 billion (2024)
- Chad — US$3.35 billion (2024)
- Comoros — US$385.57 million (2024)
- Congo, Dem. Rep.
More economic policy & debt data for Cabo Verde
- Grants, excluding technical cooperation (BoP, current US$) — 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$194.72 (2023)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is Cabo Verde's external debt stocks, total (DOD, current US$)?
- US$2.36 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1981?
- It is up 5,892% from US$39.38 million in 1981 (9.99% a year on average, compounded). The highest value was US$2.46 billion in 2023 and the lowest US$39.38 million in 1981.
- How does Cabo Verde rank?
- 94th highest of 118 economies with data for 2024.
- Is the latest change in external debt stocks, total (DOD, current US$) unusual for Cabo Verde?
- In 2024, Cabo Verde's external debt stocks, total (DOD, current US$) fell 4.2% on 2023 (from US$2.46 billion to US$2.36 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +10.5% and a typical year strayed about 12.8% from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator DT.DOD.DECT.CD, licensed CC BY 4.0. Original source: International Debt Statistics, 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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