Cabo Verde's multilateral debt service (% of public and publicly guaranteed debt service) was 50.85% in 2024, the latest year in the World Bank's World Development Indicators. That is down 9.41 percentage points from 60.25% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 50.85% | 2024 |
| Five years earlier | 63.75% | 2019 |
| Ten years earlier | 60.25% | 2014 |
| Highest | 90.31% | 1995 |
| Lowest | 24.08% | 1982 |
| Average since 2015 | 60.32% | 2015–2024 |
| First recorded | 49.55% | 1981 |
What the numbers say
In 2024, Cabo Verde's multilateral debt service (% of public and publicly guaranteed debt service) rose 6.09 percentage points on 2023 (from 44.75% to 50.85%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −1.21 percentage points and a typical year strayed about 10.19 percentage points from that (the standard deviation). This year's change was 0.7 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 26.95 percentage points in 1987 and the biggest yearly fall was 33.92 percentage points in 2022. 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 5% 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 46th highest value of the 119 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 | 50.85% | 2024 |
| Upper middle income | 15.92% | 2024 |
Closest to Cabo Verde in the 2024 ranking
- Belize — 42nd of 119: 52.51%
- Papua New Guinea — 43rd of 119: 51.98%
- Sudan — 44th of 119: 51.16%
- North Macedonia — 46th of 119: 47.74%
- Djibouti — 47th of 119: 47.23%
- Guinea-Bissau — 48th of 119: 47.2%
What this measures
Multilateral debt service is the repayment of principal and interest to the World Bank, regional development banks, and other multilateral agencies. public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 44 values
| Year | Multilateral debt service (% of public and publicly guaranteed debt service) |
|---|---|
| 2024 | 50.85 |
| 2023 | 44.75 |
| 2022 | 49.75 |
| 2021 | 83.68 |
| 2020 | 71.48 |
| 2019 | 63.75 |
| 2018 | 61.04 |
| 2017 | 61.47 |
| 2016 | 58.76 |
| 2015 | 57.63 |
Multilateral debt service (% of public and publicly guaranteed debt service) in nearby economies
- Angola — 4.98% (2024)
- Benin — 21.01% (2024)
- Botswana — 99.01% (2024)
- Burkina Faso — 77.19% (2024)
- Burundi — 68.46% (2024)
- Cameroon — 26.9% (2024)
- Central African Republic — 58.45% (2024)
- Chad — 19.06% (2024)
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 multilateral debt service (% of public and publicly guaranteed debt service)?
- 50.85% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1981?
- It is up 1.29 percentage points from 49.55% in 1981. The highest value was 90.31% in 1995 and the lowest 24.08% in 1982.
- How does Cabo Verde rank?
- 46th highest of 119 economies with data for 2024.
- Is the latest change in multilateral debt service (% of public and publicly guaranteed debt service) unusual for Cabo Verde?
- In 2024, Cabo Verde's multilateral debt service (% of public and publicly guaranteed debt service) rose 6.09 percentage points on 2023 (from 44.75% to 50.85%). Across the 30 yearly changes before that (1994 to 2023), the average change was −1.21 percentage points and a typical year strayed about 10.19 percentage points from that (the standard deviation). This year's change was 0.7 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 DT.TDS.MLAT.PG.ZS, 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.
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.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in