Cabo Verde: Net financial flows, RDB nonconcessional (NFL, current US$)

Key figures

What the numbers say

In 2024, Cabo Verde's net financial flows, RDB nonconcessional (NFL, current US$) rose US$24.35 million on 2023 (from −US$9.16 million to US$15.2 million).

Across the 30 yearly changes before that (1992 to 2023), the average change was −US$1.21 million and a typical year strayed about US$9.1 million from that (the standard deviation). This year's change was 2.8 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was US$26.5 million in 2017 and the biggest yearly fall was US$30.77 million in 2023. 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 44th highest value of the 77 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

• Eswatini — 41st of 77: US$21.98 million
• Dominican Republic — 42nd of 77: US$19.23 million
• Ghana — 43rd of 77: US$18.06 million
• Ethiopia — 45th of 77: US$13.7 million
• Belize — 46th of 77: US$10.42 million
• Egypt, Arab Rep. — 47th of 77: US$10.4 million

What this measures

Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. Nonconcessional financial flows cover all disbursements except those made through concessional lending facilities. Regional development banks are the African Development Bank, in Tunis, Tunisia, which serves all of Africa, including North Africa; the Asian Development Bank, in Manila, Philippines, which serves South and Central Asia and East Asia and Pacific; the European Bank for Reconstruction and Development, in London, United Kingdom, which serves Europe and Central Asia; and the Inter-American Development Bank, in Washington, D.C., which serves the Americas. Aggregates include amounts for economies not specified elsewhere. Data are in current U.S. dollars.

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

All 41 values

Net financial flows, RDB nonconcessional (NFL, current US$) in nearby economies

• Angola — US$121.27 million (2024)
• Benin — US$31.29 million (2024)
• Botswana — US$69.29 million (2024)
• Burkina Faso — US$10.08 million (2024)
• Cameroon — US$84.38 million (2024)
• Congo, Dem. Rep. — −US$43.36 million (2023)
• Congo, Rep. — US$1.1 million (2024)
• Côte d'Ivoire — US$223.06 million (2024)
• Eswatini — US$21.98 million (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

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Questions people ask

What is Cabo Verde's net financial flows, RDB nonconcessional (NFL, current US$)?

US$15.2 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1982?

It is up 116.19% from US$7.03 million in 1982 (1.85% a year on average, compounded). The highest value was US$33.88 million in 2018 and the lowest −US$9.16 million in 2023.

How does Cabo Verde rank?

44th highest of 77 economies with data for 2024.

Is the latest change in net financial flows, RDB nonconcessional (NFL, current US$) unusual for Cabo Verde?

In 2024, Cabo Verde's net financial flows, RDB nonconcessional (NFL, current US$) rose US$24.35 million on 2023 (from −US$9.16 million to US$15.2 million). Across the 30 yearly changes before that (1992 to 2023), the average change was −US$1.21 million and a typical year strayed about US$9.1 million from that (the standard deviation). This year's change was 2.8 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator DT.NFL.RDBN.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics 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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